Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ

Australian green bitcoin miner Iris Energy debuted on Nasdaq Wednesday opening at the $US28 IPO price only to sell off sharply. Trading under the symbol $IREN , which accesses abundant or under-utilized renewable energy to power its operations, fell as much as 22% in its first session and closed down 12.7 % at $US24.45. It didn’t help that Bitcoin prices fell though the day. Australia’s Iris Energy (IREN) is an Bitcoin mining company primarily powered by renewable energy raised its initial public … Continue reading “Australian Green Bitcoin Miner Iris Energy Debuts on NASDAQ”

Greed Outpacing Fear in Markets says Goldman’s Solomon

In what may appear as patently obvious to most Goldman Sachs CEO, David Solomon speaking at an event in Singapore said we are living in one of those “periods of time when greed has outpaced fear.” and the global economy is facing a ‘complicated time’. We are in times not too dissimilar to the 1980’s where the fictional Gordon Gekko ruled and the real Ivan Boesky would most likely be the norm in the moral hazard free 2021. Soloman says … Continue reading “Greed Outpacing Fear in Markets says Goldman’s Solomon”

Binance Processes $76 Billion in Cryptocurrencies Per Day

Cryptocurrencies have gone vertical in 2021 led by Bitcoin to over $65,000 from just $28,000 months a go and $2,000 a few years ago. With volumes and values have soared and one crypto exchange has grown at such Breakneck speeds, Binance which is processing $78 Billion worth a day. The Wall Street Journal last week compared last week how astonishing the growth is, and comparing to major stock markets the complete antithesis of those traditional exchanges in so many ways. … Continue reading “Binance Processes $76 Billion in Cryptocurrencies Per Day”

Monetary Authority of Singapore Encouraging Crypto Firms To Operate In The Country

The Central Bank of Singapore, the Monetary Authority of Singapore is in process of setting regulations in place encouraging cryptocurrency firms to operate in the island state. The move is to avoid “Singapore being left behind.”

Nigeria First African Country to Launch Own Digital Currency, eNaira

Central Bank of Nigeria (CBN) Governor Godwin Emefiele says will its launch digital currency eNaira in a couple of days. The move followed Nigeria banning banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February this year.

Goldman CIO Survey Shows Bitcoin Least Favorite Long For Hedge Funds

Goldman Sachs issued a note Saturday after two CIO roundtable sessions earlier this week attended by 25 CIOs from various long-only and hedge funds. They said their most favorite long is Growth style but least favorite on Bitcoin. Suggesting institutional adoption ia a ways off.

Fed Researching and Engaging in Digital Version of U.S. Dollar – Brainard

Federal Reserve Governor Lael Brainard said on Monday “The Federal Reserve is stepping up its research and public engagement on a digital version of the U.S. dollar.” Fed Chair Jerome Powell said last week the Fed will release a paper looking at how CBDCs could affect payments.

JP Morgan launching a structured Cryptocurrency Exposure Basket Investment Product

JPMorgan on Tuesday filed a note with the SEC launching a structured investment product linked to the performance of its “Cryptocurrency Exposure Basket” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The aim is enable exposure to crypto for it’s clients.