Grammy-winning recording artist RAC explores the business of music and how crypto experiments could shift the balance of power. Today’s Breakdown is a conversation with Andre Anjos – aka RAC, a Grammy Award-winning recording artist and music entrepreneur. Starting the “Remix Artist Collective” as a business Evolving from remixing to performing artist The challenges and trade-offs of working with major labels How the music industry beat back technology innovation where other industries failed How NFTs, tokens and other crypto innovations are opening up truly free markets for music and culture Source link
Markets
41 posts
Between bitcoin treasury holdings growing and crypto-focused SPACs, private crypto markets and public equities markets are closer than ever. Today on the Brief: Initial jobless claims rise to highest level since August BTC as a DeFi reserve asset Twitter reactions as Filecoin goes live Our main discussion focuses on the convergence of the crypto and public markets. NLW looks at: Narratives of bitcoin’s correlations to stocks Growing overlap of retail and institutional traders SPACs and public crypto companies Bitcoin treasuries Geopolitical intrigue around ANT Financial Source link
https://cdn1.img.sputniknews.com/img/07e4/0a/05/1080675351_0:320:3072:2048_1200x675_80_0_0_e3fbb76548e7d7b75c2dc9d4c24f49a6.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202010051080675387-growing-us-oil-sales-to-china-make-mideast-suppliers-find-new-markets-reports-suggest/ WASHINGTON (Sputnik) – The increasing US oil exports to China have forced Middle Eastern suppliers to search for other markets, The Wall Street Journal reported on Monday. The US crude sales to China have grown from 0.4% in January to 7% through mid-September, the report said citing London-based market intelligence firm Vortexa Ltd. The newspaper also said market share for China’s biggest traditional supplier – Saudi Arabia – dropped from 19 percent to 15 percent over the same period of time. Saudi Arabia recently reduced prices for its crude oil for Asian buyers while […]
With the first Trump–Biden debate now smoldering behind us, the betting markets have picked their winner. That also means they’ve decided on a loser: President Donald Trump. Tuesday marked the first time the incumbent squared off face-to-face against his rival, Democratic nominee and former Vice President Joe Biden. The two septuagenarians bickered, insulted, belittled and at times screamed at one another at almost regular intervals, all in hopes of convincing the American public each is the best choice to control the world’s largest deployed nuclear arsenal. And while conventional, real-time polling may have been unavailable during the roughly hour and a […]
India’s benchmark stock index, the Sensex shed almost 16,000 points within weeks after a COVID-19-induced nationwide lockdown was imposed in March. Even though it recovered almost 50 percent, doubts about US recovery and fresh lockdowns in Europe triggered a massive sell-off last week. Indian bourses were up in opening trading on Thursday on the back of strong global cues as well as further relaxations to COVID-related restrictions announced by the Indian Home Ministry. The Bombay Stock Exchange’s benchmark 30-share index, Sensex, zoomed 516 points to trade at 38,584. Similarly, the wider 50-share index of the National Stock Exchange (NSE), Nifty, was […]
https://cdn1.img.sputniknews.com/img/107756/51/1077565193_0:67:2854:1673_1200x675_80_0_0_d4cb63c2bd4f48ead7ee16196920ded8.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Ashutosh Kumar. Sputnik International https://sputniknews.com/india/202009241080556131-indian-markets-crash-sensex-plunges-555-points-on-global-cues/ Even though the Indian equity markets have recovered almost 50 percent from their lockdown lows, concerns remain on the meteoric rise at a time when economic growth has turned negative. Indian Stocks crashed in opening trading on Thursday on the back of weak global cues. The Bombay Stock Exchange’s benchmark 30-share index, Sensex, fell 554.90 points to trade at 37,113 levels in early trading. Blue chip stocks like Mahindra and Mahindra, Infosys, and Bajaj Finance, among others, witnessed a sell off. Similarly the National Stock Exchange’s broader 50-share benchmark index, the Nifty […]
Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar. Source link
Prices for both Bitcoin and Ether fell sharply in the past 24 hours, after a drop in global equities. Source link
US stocks fell sharply on Monday, extending last week’s declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the pandemic and more business re-closures. The Dow Jones Industrial Average sank around 600 points, or over two percent at the opening bell. S&P 500 dropped 1.8 percent, while the tech-heavy Nasdaq 100 fell 1.3 percent. It’s been a rough month so far for the market and technology shares in particular. The S&P 500 is off five percent so far in September, while the Nasdaq Composite is in correction territory, down more […]
Sputnik spoke with Mr Rodrigo Sanchez, vice-president of product at dLocal, a fintech unicorn valued at over $1.2bn that focuses on connecting financially disadvantaged people in emerging markets with major eCommerce companies. Mr Sanchez began his career at Telefonica, managing numerous telecommunication projects, and later on checkout optimisation and at PayPal and user acquisition at eBay. He holds an Master in Business Administration (MBA) from the University of California, Berkeley and Bachelor of Science in Electrical Engineering in his home country of Uruguay. Sputnik: Can you tell us a little about your company and the services it provides? Which technologies does […]
A tech-focused subsidiary of Societe Generale said it will trial up to five different blockchains to understand their usefulness in capital markets. Source link
Investors dumped technology shares and drove all US stock market indices sharply down after a previous day’s high note. Oil and gold also dropped, as analysts struggled to explain the cause behind the sell-off. The Dow Jones Industrial Average dropped by over 1,000 points before bouncing back on Thursday, closing down 808 points at 28,292.73, for a 2.8 percent loss. The S&P 500 dropped 3.5 percent to close at 3,455.06, while the Nasdaq composite was down 5 percent, at 11,458.10. It was the worst single-day loss for Dow and S&P since June, and the biggest drop for Nasdaq since March. The […]
Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve’s announcement of a more relaxed approach to tackling inflation. Source link
Getting in and out of a large bitcoin trade on cryptocurrency exchanges like Binance or BitMEX isn’t costing as much as it used to. That might be a healthy sign that digital-asset markets are maturing. At Binance, the world’s biggest cryptocurrency exchange by trading volume, the daily average spread between buy and sell orders on bitcoin futures for $10 million quote size declined to a record low of 0.25% on Monday, according to data provided by research firm Skew. The spread, which typically narrows as an exchange’s order book depth increases, spiked to 7.95% during the March crash but dropped shortly after. […]
More players from the traditional finance world are participating in the cryptocurrency industry. Two new buzzwords, DeFi and yield farming are driving a new surge of investment. Jeremy Cheah, an Associate Professor of Crypto-Finance at the Nottingham Business School spoke to Sputnik about some of the new developments in this industry. Jeremy Cheah, Associate Professor of Crypto-Finance and Digital Finance at the Nottingham Business School, has shared his views on the matter. Sputnik: Can you explain what decentralised finance is? Jeremy Cheah: Decentralised finance simply means financing without a centralised organisation, authority or system that governs it. It uses blockchain technology, […]
Price Point Bitcoin was slightly lower early Friday, leaving the cryptocurrency on track for its first weekly price decline since mid-July. The largest cryptocurrency broke above $12,000 earlier in the week and failed to hold the gains, though John Willock, CEO of crypto asset manager Tritum, told CoinDesk Thursday that “maybe we’ve got $13,500 in the next phase up in the coming days.” You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. […]
Traders look towards altcoins and equities as volatility dips in a quiet July bitcoin market. Bitcoin (BTC) trading around $9,185 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours. Bitcoin’s 24-hour range: $9,153-$9,279 BTC below 10-day and 50-day moving average, a bearish signal for market technicians. Bitcoin trading on Coinbase since July 14.Source: TradingView Traders seem to pine for the bitcoin volatility that was once the norm – and they expect it to return after what has been a lull. “Trading bitcoins is about as exciting as sitting in traffic,” said Jack Tan, founding partner of Taiwan-based […]
Markets globally are mostly flat Tuesday, and bitcoin is trading sideways along with them. The price of bitcoin is stuck in the $9,200 price range as low volumes continue to plague the markets, said Katie Stockton, an analyst for Fairlead Strategies. “Bitcoin has been tethered to its 50-day moving average recently after having suffered a loss of short-term momentum in June.” Bitcoin’s 50-day moving average is around $9,240 as of Tuesday. Stockton says anything above that level would be a sign of bullish sentiment. “We would view a decisive move above the 50-day MA as an incremental positive because it would […]
Users in Europe will be able to apply for the Binance Card from August, those in U.K. will be able to do so shortly afterwards. Source link
This week saw a 125% rise in the price of dogecoin, a cryptocurrency based on a popular 2013 internet meme, created in the same year as both a parody and a “let’s see if this sticks” experiment. Much to even the founder’s surprise, it has not only survived, it has accumulated a loyal following. Clearly. A group of teenagers on the extremely popular but recently beleaguered social platform TikTok decided to use their voice and audience to move the price of dogecoin up. It has nothing to do with fundamentals, potential or even government handouts – most participants probably don’t even […]
The Trump administration has taken a victory lap after the US Department of Labor released new data this month showing the unemployment rate has fallen to 11.1% in June from 13.3% in May. Pete Dolack, an activist and writer with Trade Justice New York Metro, told Sputnik Thursday that high unemployment numbers will continue for years to come. “It’s 15 consecutive weeks that more than 1 million people have filed for unemployment in a given week. This has been going on since late March, and the record for all time was less than 700,000. So, think about that, that we’ve beat […]
The story of the economy as told by five macroeconomic indicators including Chinese stocks, New York City real estate, coronavirus cases and more. In this extended Brief, NLW tells the story of the economy through five themes: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Now, I have no idea how old you are, nor do I want to make any assumptions. I will assume, though, that since you are reading this, you have an interest in markets and/or crypto assets. And since this is a newsletter aimed at professional investors, I will assume that you care about a bit more than prices going up/down/sideways. That should put us on more or less the same page as to what we explore here. However, this week I want us all to question the lens through which we judge the evolution of markets. Not just crypto markets – […]
Bitcoin broke below $9,000 Thursday afternoon as the leading cryptocurrency has continued to trade in a tight range just above $9,000 for several weeks. Despite the brief 3% afternoon drop, however, the cryptocurrency markets continue to stay eerily calm as volatility drops and traders continue to expect a big move. Bitcoin was changing hands at around $9,060 as of 20:00 UTC (4 p.m. ET). Ether, the second-largest cryptocurrency by market capitalization, dropped 3%, trading around $225 as of 20:00 UTC (4 p.m. ET), according to Coinbase. Bitcoin teased bearish traders Thursday with a 3% dip from $9,250 to $8,930 in afternoon […]
Bitcoin broke above $9,250 for the first time since Friday as the leading cryptocurrency continues to trade in a tight range just above $9,000 for several weeks. But cryptocurrency markets have stayed quiet as traders expect a big move. Bitcoin was trading hands around $9,250 as of 20:00 UTC (4 p.m. ET). Ether, the second-largest cryptocurrency by market capitalization, gained 3%, trading around $232 as of 20:00 UTC (4 p.m. ET), according to Bitstamp. Despite trading above $9,250, bitcoin is still stuck within a tight range of a few hundred dollars above $9,000. As a result, 30-day volatility continues to decline. […]
In the cryptocurrency markets, no two exchanges are alike. Even in major crypto exchanges, trading U.S. dollars for bitcoin can have fairly different order sizes and spreads, according to data compiled by aggregator CryptoCompare. Average order sizes over the past week were quite varied, CryptoCompare found. Orders on Bitstamp averaged $3,424.11, the highest of major dollar to bitcoin (USD/BTC) pair exchanges. ItBit was second to Bitstamp at $2,874.17, with Kraken at $2787.68. Gemini’s average was in the middle of the pack at $1,438.31, followed by Coinbase at $1,113.15. Bitfinex was lowest, with an average order totaling $342.09. The average order of […]
Bitcoin started the week with a bullish run, but it has now given back all of those gains. Bitcoin (BTC) was trading around $9,296 as of 20:00 UTC (4 p.m. ET), slipping 3.5% over the previous 24 hours. At 00:00 UTC on Wednesday (8:00 p.m. Tuesday ET), bitcoin was changing hands around $9,624 on spot exchanges such as Coinbase. Price remained steady until 07:00 UTC (3 a.m. ET) when heavy sell volume sent bitcoin to as low as $9,195. Bitcoin’s price is well below its 10-day and 50-day moving averages, which is a bearish signal for market technicians. Bitcoin trading on […]
Cryptocurrency exchange FTX has launched eight unique index futures and volatility markets in less than 12 months. But enticing sophisticated traders to use these novel products has proved challenging. At the time of publication, Antigua and Barbuda-based FTX supports 115 different cryptocurrency futures markets. BitMEX, currently the largest cryptocurrency derivatives exchange by open interest, supports 23. FTX’s unique futures markets, including decentralized finance and “shitcoin” perpetual futures, rank in its top 25 traded markets by 24-hour volume. Since August 2019, when FTX launched its altcoin index futures, the product strategy for these innovative markets has been to build and launch rapidly […]
Bitcoin took a hit Monday, only to recover as many market participants see price weakness ahead. Bitcoin (BTC) was trading around $9,426 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours. At 00:00 UTC on Monday (8:00 p.m. Sunday EDT), bitcoin was changing hands around $9,327 on spot exchanges such as Coinbase. It then dipped 5% to as low as $8,895 before picking back up to over $9,300. The price is now above its 10-day and 50-day moving averages, a bullish technical indicator. Bitcoin trading on Coinbase since June 13Source: TradingView “Bitcoin is […]
As Ethereum pushes slowly toward a new type of blockchain technology that some cryptocurrency experts predict could represent the future of decentralized finance, the upstart competitor Cardano is getting ready to go live. And Cardano’s digital token, ADA, is soaring this year in digital-asset markets on speculation that the project’s early embrace of a “proof-of-stake” blockchain might put it in a stronger position to challenge the much-larger Ethereum network. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context […]
One underappreciated feature of crypto markets is the lack of centralization. I mean, people know crypto assets are decentralized and trade on exchanges all over the world. But what’s often overlooked is the relative ease with which people can change the venues they buy and sell their holdings on. If, for instance, Jeff Sprecher (chairman of the New York Stock Exchange) says something that upsets you, you couldn’t exactly stop trading on the NYSE without liquidating a good percentage of your portfolio, because, for many stocks, it is the only trading venue. However, if a crypto exchange does something you fundamentally […]
Guardian: For Americans, coronavirus went from being a mysterious affliction that occurred in far-off lands to 1m confirmed cases on US soil within 14 weeks. Now, just six weeks later, the US has broken through the grim milestone of 2m positive tests for Covid-19, according to the Johns Hopkins University tracker. This is the way Trump work… no facts, just misleading mud. How to #Obamagate (take 2) (for Sarah Cooper hardcore fans only) pic.twitter.com/48YeGb03sG — TinTop (@TinTop7) June 10, 2020 The anguish of life lost, of a severely wounded economy and wrenching political turmoil have taken a harrowing toll upon a […]
The largest 50-day “Robinhood” rally in stock market history and even stocks of bankrupt companies are up more than 100%. What is going on? Saudi Arabia injects $13 billion in bank liquidity via blockchain. China’s state TV CCTV says Binance is still allowing crypto trading in China. MakerDAO community greenlights real world collateral. Our main topic: The “Robinhood Revolution.” The next time someone tells you crypto markets are too irrational or volatile, point them to stock markets right now. The largest 50-day rally in history Every S&P 500 stock up from 10 weeks ago Multiple bankrupt companies up more than 100% […]
From the largest 50-day rally in history to the highest unemployment since the Great Depression, the story of markets in five key numbers Every day that protests continue and stocks go up, more people ask about the disconnect between the real economy and capital markets. In this episode of The Breakdown, NLW peels back the story of today’s economy by looking at five numbers: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, […]
Jerry Morales owns Gerardo’s Casita, in Midland, Texas. The former mayor of Midland and past president of the Texas Restaurant Association has done anything and everything to keep his businesses alive over the past two months. John Burnett/NPR hide caption toggle caption John Burnett/NPR Jerry Morales owns Gerardo’s Casita, in Midland, Texas. The former mayor of Midland and past president of the Texas Restaurant Association has done anything and everything to keep his businesses alive over the past two months. John Burnett/NPR Restaurant doors are cautiously opening again in Texas, but nothing is quite the same with the continuing threat of […]
Bitcoin’s steady price gains over the past few days ended Friday. With the halving in the rearview mirror, cryptocurrency traders could consider the impact of a continued global economic slowdown after new data showed retail sales dropped to record lows and unemployment numbers continue to worsen. The world’s first cryptocurrency is trading below its 10-day and 50-day moving averages, a bearish technical indicator. At press time, BTC was trading down 3.4% over 24 hours at $9,340 00:00 UTC Friday (4 p.m. ET). Bitcoin had experienced steady gains since May 13, yet stumbled in early trading at 02:00 UTC Friday, quickly dropping […]
India 08:28 GMT 13.05.2020Get short URL New Delhi (Sputnik): Indian markets have fallen from their February levels due to the COVID-19 pandemic. From levels of over 41,000 in February, the benchmark index Sensex has fallen to its current level of 32,000. The health emergency declared due to the virus has led to a national lockdown which has lasted since 25 March. Indian markets on Wednesday gave a thumbs down to Indian Prime Minister Narendra Modi’s $266 billion COVID stimulus package to the Indian economy. After opening strongly, the Bombay Stock Exchange’s 30-share sensitive index, Sensex, slipped in early trading on […]
In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored bitcoin adoption in the Middle East and the second covered Africa. Some believe the broader economic crisis might lead to “dollarization” in emerging markets, where people increasingly use global currencies like dollars instead of their local fiat. It remains unclear how bitcoin will play into that prospective shift, as bitcoin is still too immature to be predominately used as a competing currency. But crypto entrepreneurs are still giving it […]
Open contracts on bitcoin options rose to record highs on Thursday as the cryptocurrency’s price rose into five figures. Data from major exchanges – Deribit, LedgerX, Bakkt, OKEx, and CME – shows that open interest on options rose above $1 billion, surpassing the previous all-time high of $70 million registered on Feb. 14, according to crypto derivatives research firm Skew. The metric has increased sharply from the low of $410 million observed in March when the bitcoin market crashed on so-called “Black Thursday.” Source: Skew Deribit, the world’s biggest crypto options exchange by volume, contributed nearly 90% of the total on […]
Bitcoin looks to have decoupled from traditional markets as investors refocus on the network’s imminent mining reward halving. While the top cryptocurrency by market value has gained nearly 5.9% so far this month, gold, a haven asset, has declined by 1%. Meanwhile, as of Wednesday, the S&P 500, Wall Street’s equity index, was down 2.2% on a month-to-date basis, according to data source Skew. Bitcoin is also the best performing asset of 2020 to date, with a 28% year-to-date gain. Oil (WTI) is down 66% – flashing red due to the massive destruction of demand brought on by the coronavirus pandemic. […]
Cryptocurrency exchanges based outside the U.S. are pushing to fill what they see as a competitive gap in the world’s biggest economy – offering more leverage to traders who have limited alternatives due to a strict domestic regulatory environment. Antigua and Barbuda-based cryptocurrency exchange FTX plans to launch its newly established U.S. unit this month. Margin trading, in which users can buy and sell assets using borrowed money, could become a key feature of the U.S. operations, FTX CEO Sam Bankman-Fried told CoinDesk. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the […]