Written By: Dustin Damron | October 25, 2020 ‘A New Bretton Woods Moment’ Just 10 days ago, to the chagrin of governments around the world who have ceaselessly and almost carelessly printed an endless supply of money, the International Monetary Fund (IMF) released a speech that appears to have mostly gone unmentioned by the mainstream […]
By Louis Lustenberger – Market Analyst Intern DeFi, which can be described as a system of open, permissionless, and interlocking financial products, has gained traction in recent months. The concept of non-custodial financial products caught the attention of venture capitalists, and by the end of August, investors poured $9 billion worth of cryptocurrencies into DeFi smart […]
By Louis Lustenberger – Market Analyst Intern Bitcoin & Unemployment Stimulus Initial jobless claims rose to 898,000, the highest since August, and still above the pre-pandemic high of 695,000. Although continuing unemployment claims are down 1 million since late September, the Federal Cares Act, which provides an additional 13 weeks of stimulus payments for those who’ve […]
By Louis Lustenberger – Crescent City Capital Market Analyst Intern Since the Fed’s aggressive expansionary monetary policy, Bitcoin has seen continued growth, and equity prices have soared. In late September of 2020, Bitcoin fell in tandem with the S&P 500 as renewed coronavirus fears and uncertainty over the 2020 U.S. election caused sharp losses in the equity […]
By Louis Lustenberger – Crescent City Capital Market Analyst Intern Several executives from one of the world’s leading crypto exchanges, BitMEX, were indicted on Thursday, October 1st, for suspicion of facilitating criminal activity. Although BitMEX added basic identity checks on its exchange in August, it was too little too late as the CTFC had been pushing the […]
By Louis Lustenberger – Crescent City Capital Market Analyst Intern Since March 15th, the cryptocurrency total market capitalization has risen nearly 45% from 151 to 337 billion. This dramatic rise has led to the emergence of new cryptocurrencies, some of which have exhibited substantial growth. Creditcoin (CTC) and Largo Coin (LRG) stand out amongst the newcomers who […]
