Die aktuelle Situation in der Ukraine hat die Regierung nun veranlasst, neue Regulierungen zu verabschieden. Doch diese Regulierungen richten sich nicht an den Cryptomarkt, sondern zunächst an den Fiat-Markt. Die Umsetzung dieser Regulierungen könnten den Cryptomarkt sogar stärken. Crypto News: Ukraine kündigt neue Fiat Regulierungen an, die Bitcoin helfen könntenDie Zentralbank der Ukraine hat die nationale Fiat-Währung Hryvnia um 25 Prozent gegenüber dem US-Dollar...
Read More »Greenback Softens, but Think Twice about Chasing It
Overview: Aside from political economic risks, three other challenges are emerging. First, the new sub-variant of Covid is spreading rapidly. BA5 reportedly is accounting for around 80% of the new cases. It is better able to evade antibodies from vaccines and earlier infections. Hospitalization rates are also climbing. Dining, retail, and travel may be impacted. Second, the World Health Organization declared monkeypox a global emergency. The US may make a similar...
Read More »Momentum Indicators Warn of Further Dollar Weakness, but will Sellers Emerge ahead of the FOMC?
The dollar fell against all the major currencies last week but pared the losses ahead of the weekend. The sub-50 EMU flash composite PMI unwound the half-cent gain the euro recorded after the ECB delivered a 50 bp hike to kick off its first tightening since 2011. Disappointing US economic data (housing, leading economic indicators, the Philadelphia Fed survey, and the flash composite PMI drop into contraction territory weighed on US 10-year yields. This helped...
Read More »Swiss retail banks earn highest profit per customer
© Keystone / Walter Bieri Swiss retail banks make the most profit per customer among wealthy nations, according to an international ranking. The Swiss banks are followed at a respectable distance by their Australian and Belgian competitors, according to a study by consulting firm Pricewaterhouse Coopers (PwC) published on Wednesday. According to the study, Swiss retail banks will have earned an average of CHF546 ($559) per customer by 2021, compared with CHF299 for...
Read More »When Rock begins to beat Paper
When you choose to invest in gold it can be confusing to know the best way to add it to your portfolio. Should you buy gold bullion? Should you buy a gold ETF? Or maybe gold mining shares?It’s a minefield! Here at GoldCore, we see it very simply: if you want to get all of the benefits of holding gold then you should own physical gold. Because if you can’t hold it then you don’t own it. Never before has this philosophy been more pertinent than in the last few...
Read More »SAP Green Tokens Tap Blockchain for Improved Transparency in Plastic Recycling
DIC Corporation, one of Japan’s leading fine chemical manufacturers, is launching a pilot project which seeks to utilize blockchain technology and crypto tokens to improve transparency in plastic recycling and help it meet its environmental, social and governance (ESG) goals. The pilot will use SAP’s GreenToken and will allow DIC, which produces and sells polystyrene, but also specialty plastics, printing inks, compounds as well as biochemicals, to track raw...
Read More »Mehr als eine Milliarde Crypto-Nutzer bis 2030 prognostiziert
Ein Bericht der Boston Consulting Group hat das Wachstum des Cryptomarktes durchleuchtet und ist zu dem Schluss gekommen, dass der Markt schon in dieser Dekade die Marke von einer Milliarde Nutzern erreichen wird. Crypto News: Mehr als eine Milliarde Crypto-Nutzer bis 2030 prognostiziertVon 2017 bis heute hat sich die Anzahl der Crypto-Apps von 800 auf 10.000 erhöht. 68 Prozent mehr institutionelles Kapital im gleichen Zeitraum ist dafür verantwortlich, dass ein...
Read More »The Fed and GDP: Week Ahead
The outcome of the Federal Reserve Open Market Committee meeting on July 27 is the most important event in the last week of July. After a brief flirtation with a 100 bp hike after the June CPI accelerated, the market has settled back to a 75 bp move. The Fed funds futures are pricing about a 10% chance of a 100 bp hike. The market anticipates that after the second 75 bp hike, the Fed will most likely return to a 50 bp hike in September. Fed Governor Wall, a...
Read More »Switzerland may have passed 6th Covid peak
Data published this week on 19 July 2022, suggest that 6th wave Covid-19 infections in Switzerland may have peaked. Photo by Anna Shvets on Pexels.com Data published by Switzerland’s Federal Office of Public Health show 46,099 new cases over the 7 days to 18 July 2022. Over the prior 7 days there were 55,339 cases. Recorded cases have dropped 17% week on week. In addition, the number of weekly hospitalisations has fallen from 429 to 227 and deaths from 28 to 18. The...
Read More »Energy experts warn of possible power shortages
The reservoir with the elegant dam near Château-d’Oex is one of more than 50 artificial lakes in the Swiss Alps. Keystone/Alessandro Della Bella Switzerland could face electricity and gas shortages in winter despite sufficient supplies at the moment and considerable reserves, experts say. “We’re witnessing the first global energy crisis, with Europe at the centre,” the head of the Federal Office of Energy, Benoît Revaz, told a news conference on Wednesday. He said...
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