DeFi As 2017 came to a close and the crypto bubble approached breaking point, an Ethereum-based project called MakerDAO (MKR) launched DAI, a stablecoin token that was backed by collateralised ether and pegged to the value of the US dollar. For the first time, a synthetic, decentralised asset had been created that could algorithmically track…
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A number of ideas have been offered for the way these two markets have moved in lockstep. Some analysts have borrowed the explanation given for gold’s route that occurred at roughly the same time. The idea was that equity traders chose to take profits in these other assets that performed well into 2020 in order…
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What to watch Coupa Software: California-based Coupa provides software that helps large companies maintain oversight of how money and resources are spent within their businesses. The firm’s share price has jumped 48% year-to-date and is up almost 80% over the past 12 months, as cloud-based software providers have become an investor favourite with large swathes…
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What to watch Salesforce: Ahead of its Thursday earnings report, Salesforce announced a partnership with Workday yesterday to deliver tools aimed at helping companies reopen safely, which sent Salesforce stock up more than 2% in after-hours trading. Salesforce’s share price is up more than 8% in 2020 so far, as the software and services it…
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Pinduoduo: Pinduoduo is another Chinese e-commerce firm with a Nasdaq listing, that has enjoyed a huge share price rally in 2020 so far — jumping by more than 50%. The company reports its Q1 earnings results on Friday morning New York time, after being downgraded from a buy rating to neutral by a Bank of…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 29, 2020. Bitcoin and the other largest cryptoassets are surging this week, moving within touching distance of three-month highs this morning as investors look to alternatives to equities. Having rallied over 12% in 3 days, it…
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Coinfloor is UK's oldest-running crypto exchange and it now plans to drop both Ethereum and Bitcoin Cash. The delisting of Ethereum is expected to happen next month. The primary reason cited is that the future of hard forks is quite unclear and there is a current need for burdensome technical support for the coin. Coinfloor…
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Commodity Futures Trading Commission (CFTC) has confirmed that Ether is now classified as "commodity". The statement came from CFTC Chairman, Mr. Heath Tarbert. After months of studying the second largest alt coin by market cap, CFTC has decided that Ether falls under this specific jurisdiction. This is what Mr. Tarbert commented on decision that Ether…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 10, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Parliament is Out of Order 5G Portfolio Some added Pressures Please note: All data, figures & graphs…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 28, 2019. The text below is an excerpt and does not contain the full analysis. The stock market is shrinking!! According to researchers at Citigroup, the US stock market has dwindled by a total…
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