Markets and Economics News and Information Today

Ripple acquires Metaco and has plans for a CBDC platform

May 19, 2023

Ripple is still fighting the SEC in court over the question of whether XRP is a security or not. While it is expected that the lawsuit will come to an end this year, the company is making big moves on the international market. Recently the company acquired Metaco, one of the big players in institutional custody solutions for digital assets. The deal fits perfectly into the bigger picture. Ripple has always focused on providing solutions for international payments and remittances. Solutions that are meant for institutional customers and not retail clients.

Fed interest rate hike leaves crypto unimpressed

May 03, 2023

Today was the big day, and many traders spent their time in front of their screens waiting for Jerome Powell's speech during the press conference. Another FOMC meeting concluded, and another interest rate hike was announced.

First Republic Bank bust and acquired by JPMorgan

May 01, 2023

Being believers in crypto we favor decentralization, so we don't like the current developments in the USA. Another relatively smaller bank went bust and will be acquired by JPMorgan, the biggest bank of the country.

Money, debt and Bitcoin

Apr 27, 2023

Many economists see money as a human invention that followed barter. But according to anthropologist David Graeber, in his book Debt: The First 5,000 Years (2011), it is not the case that we first bartered eight chickens for a goat and then invented money. No, debt existed before it all. What does this tell us our financial system and about Bitcoin as an alternative?

Debt spiral: insurance against US Government debt default reaches record price

Apr 25, 2023

The U.S. government reached its self-imposed debt limit or debt ceiling of $31.4 trillion (!) in January 2023. This has forced the US Treasury measures to 'pay out of pocket' to keep the government keep its obligations. The political uncertainty surrounding this debt ceiling is the reason the insurance premium against the US going bankrupt is at the highest price ever.

The banking crisis is unfolding in slow motion

Apr 24, 2023

It has been more than six weeks since Silicon Valley Bank had to be shut down. Much to everyone's surprise, the banking system hasn't seen large trouble since. So, was it all much ado about nothing? There are clear signs that the banks are suffering, which is bad for the economy.

The difference between this bear market and the previous

Apr 21, 2023

A saying that you hear often in any financial market is: history doesn't repeat but it often rhymes. The patterns of subsequent market cycles are never quite the same but similar. How does the current price action compare to previous bear markets? And what lies behind the price numbers?

Are we in a hated rally?

Apr 18, 2023

The current rally in crypto has all the hallmarks of a 'hated rally'. A hated rally in the stock market is traditionally a term for sustained upward price moves that catch investors off-guard. Are we in a hated rallly?

Gloating anti Bitcoin boomers marked the bottom

Apr 18, 2023

In retrospect, listening to certain talk show hosts doing victory laps in the fall of 2022 ('Bitcoin is dead!') would have been a nice buying signal. In America, financial advisor Dave Ramsey and talk show host Bill Maher are notoriously anti crypto. Let's have a look at when they published their mockery.

When DOGE? Twitter is transforming into a trading desk

Apr 13, 2023

Elon Musk made it clear that he would not only change several policies after acquiring Twitter but also seek out new opportunities and business models. Since the day he bought the company, many have speculated that crypto and specifically Dogecoin could play a huge role in his plans. While there is still no clear indication that DOGE is becoming the world's new reserve currency, there are more details available on how Twitter is going to be transformed by its new master.

Good for crypto: US CPI data looks bullish

Apr 12, 2023

Inflation has been the top priority for the Fed and every time CPI data is released traders are sitting on the edge of their chairs. Only the press conference after each FOMC meeting is more anticipated than the actual CPI results. While inflation remains high and far away from a 2% goal, it has been declining throughout the last nine months in a row.

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