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\n
\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

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Subscribe To Our Newsletter

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\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The slowing economy has also impacted the forex market at a time traders are speculating a 25\u00a0bps<\/a> in the US rate cut this year. For example, the euro is around last week\u2019s one-year high at $1.0971, while the Yen jumped to 133 to the greenback in the period. On the other hand, the economic data shows that Aussie and New Zealand dollars dropped this week.<\/p>\n\n\n\n

Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Impact On The Forex Market<\/h2>\n\n\n\n

The slowing economy has also impacted the forex market at a time traders are speculating a 25\u00a0bps<\/a> in the US rate cut this year. For example, the euro is around last week\u2019s one-year high at $1.0971, while the Yen jumped to 133 to the greenback in the period. On the other hand, the economic data shows that Aussie and New Zealand dollars dropped this week.<\/p>\n\n\n\n

Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Across the global financial markets, in a report<\/a> by Reuters, the Asian stocks plunged Friday to the lowest in the weekly chart in about one and a half months. The MSCI\u2019s index of shares outside Japan dropped 0.9% to as low as 1.7%, the worst performance since the banking crisis last month. Tesla stock, for instance, is among those that witnessed selling pressure, dropping 10% on Thursday.<\/p>\n\n\n\n

Impact On The Forex Market<\/h2>\n\n\n\n

The slowing economy has also impacted the forex market at a time traders are speculating a 25\u00a0bps<\/a> in the US rate cut this year. For example, the euro is around last week\u2019s one-year high at $1.0971, while the Yen jumped to 133 to the greenback in the period. On the other hand, the economic data shows that Aussie and New Zealand dollars dropped this week.<\/p>\n\n\n\n

Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to the US Department of Labor<\/a>, the number of Americans filing unemployment claims rose in March, signifying a slowing labour market since the Federal Reserve\u2019s interest rate hike affected the demand for goods and services.<\/p>\n\n\n\n

Across the global financial markets, in a report<\/a> by Reuters, the Asian stocks plunged Friday to the lowest in the weekly chart in about one and a half months. The MSCI\u2019s index of shares outside Japan dropped 0.9% to as low as 1.7%, the worst performance since the banking crisis last month. Tesla stock, for instance, is among those that witnessed selling pressure, dropping 10% on Thursday.<\/p>\n\n\n\n

Impact On The Forex Market<\/h2>\n\n\n\n

The slowing economy has also impacted the forex market at a time traders are speculating a 25\u00a0bps<\/a> in the US rate cut this year. For example, the euro is around last week\u2019s one-year high at $1.0971, while the Yen jumped to 133 to the greenback in the period. On the other hand, the economic data shows that Aussie and New Zealand dollars dropped this week.<\/p>\n\n\n\n

Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

There are concerns the global economy could be headed to a recession; something combined with a slowing labour market and rising unemployment, has caused a slide in the price of major stocks.<\/p>\n\n\n\n

According to the US Department of Labor<\/a>, the number of Americans filing unemployment claims rose in March, signifying a slowing labour market since the Federal Reserve\u2019s interest rate hike affected the demand for goods and services.<\/p>\n\n\n\n

Across the global financial markets, in a report<\/a> by Reuters, the Asian stocks plunged Friday to the lowest in the weekly chart in about one and a half months. The MSCI\u2019s index of shares outside Japan dropped 0.9% to as low as 1.7%, the worst performance since the banking crisis last month. Tesla stock, for instance, is among those that witnessed selling pressure, dropping 10% on Thursday.<\/p>\n\n\n\n

Impact On The Forex Market<\/h2>\n\n\n\n

The slowing economy has also impacted the forex market at a time traders are speculating a 25\u00a0bps<\/a> in the US rate cut this year. For example, the euro is around last week\u2019s one-year high at $1.0971, while the Yen jumped to 133 to the greenback in the period. On the other hand, the economic data shows that Aussie and New Zealand dollars dropped this week.<\/p>\n\n\n\n

Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

\"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

\"United<\/figure>\n\n\n\n

However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

\"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

\"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

Interoperability And The Future Of Payments<\/h2>\n\n\n\n

According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

\"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

Technical Analysis Of GBTC<\/h2>\n\n\n\n

Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

\"Grayscale<\/figure>\n\n\n\n

Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 9 10 11 12

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  • A weak retail and manufacturing output is also weakening the financial markets.<\/li>\n<\/ul>\n\n\n\n

    There are concerns the global economy could be headed to a recession; something combined with a slowing labour market and rising unemployment, has caused a slide in the price of major stocks.<\/p>\n\n\n\n

    According to the US Department of Labor<\/a>, the number of Americans filing unemployment claims rose in March, signifying a slowing labour market since the Federal Reserve\u2019s interest rate hike affected the demand for goods and services.<\/p>\n\n\n\n

    Across the global financial markets, in a report<\/a> by Reuters, the Asian stocks plunged Friday to the lowest in the weekly chart in about one and a half months. The MSCI\u2019s index of shares outside Japan dropped 0.9% to as low as 1.7%, the worst performance since the banking crisis last month. Tesla stock, for instance, is among those that witnessed selling pressure, dropping 10% on Thursday.<\/p>\n\n\n\n

    Impact On The Forex Market<\/h2>\n\n\n\n

    The slowing economy has also impacted the forex market at a time traders are speculating a 25\u00a0bps<\/a> in the US rate cut this year. For example, the euro is around last week\u2019s one-year high at $1.0971, while the Yen jumped to 133 to the greenback in the period. On the other hand, the economic data shows that Aussie and New Zealand dollars dropped this week.<\/p>\n\n\n\n

    Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

    Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

    Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

    The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

    \"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

    Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

    Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

    To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

    The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

    \"United<\/figure>\n\n\n\n

    However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

    \"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

    Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

    The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

    The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

    Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

    \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

    Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

    Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

    Interoperability And The Future Of Payments<\/h2>\n\n\n\n

    According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

    The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

    According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

    With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

    Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

    Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

    According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

    \"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

    After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

    Technical Analysis Of GBTC<\/h2>\n\n\n\n

    Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

    \"Grayscale<\/figure>\n\n\n\n

    Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 9 10 11 12

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n
  • Since the Fed hiked interest rates, the demand for goods and services has been affected.<\/li>\n\n\n\n
  • A weak retail and manufacturing output is also weakening the financial markets.<\/li>\n<\/ul>\n\n\n\n

    There are concerns the global economy could be headed to a recession; something combined with a slowing labour market and rising unemployment, has caused a slide in the price of major stocks.<\/p>\n\n\n\n

    According to the US Department of Labor<\/a>, the number of Americans filing unemployment claims rose in March, signifying a slowing labour market since the Federal Reserve\u2019s interest rate hike affected the demand for goods and services.<\/p>\n\n\n\n

    Across the global financial markets, in a report<\/a> by Reuters, the Asian stocks plunged Friday to the lowest in the weekly chart in about one and a half months. The MSCI\u2019s index of shares outside Japan dropped 0.9% to as low as 1.7%, the worst performance since the banking crisis last month. Tesla stock, for instance, is among those that witnessed selling pressure, dropping 10% on Thursday.<\/p>\n\n\n\n

    Impact On The Forex Market<\/h2>\n\n\n\n

    The slowing economy has also impacted the forex market at a time traders are speculating a 25\u00a0bps<\/a> in the US rate cut this year. For example, the euro is around last week\u2019s one-year high at $1.0971, while the Yen jumped to 133 to the greenback in the period. On the other hand, the economic data shows that Aussie and New Zealand dollars dropped this week.<\/p>\n\n\n\n

    Meanwhile, the fear of a recession is growing. Christopher Rupkey, the chief economist at FWDBONDS, recently said, \u2018\u2018after months and months of watching, for the first time, we can say we see a recession coming, and it will be a miracle if we don\u2019t have a downturn in the economy.\u2019\u2019<\/em><\/p>\n","post_title":"Recession Fears And A Slow Labour Market Exert Pressure On Stocks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"recession-fears-and-a-slow-labour-market-exert-pressure-on-stocks","to_ping":"","pinged":"","post_modified":"2023-04-27 12:02:22","post_modified_gmt":"2023-04-27 02:02:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11038,"post_author":"14","post_date":"2023-04-19 14:28:51","post_date_gmt":"2023-04-19 04:28:51","post_content":"\n

    Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but it is important to say that the U.S. central bank is widely seen raising rates by 25 basis points next month. The latest economic data, including retail sales, industrial production, and consumer sentiment, cemented this expectation, and according to analysts, the U.S. economy still has some vibrancy, which gives the Fed cover to continue its rate hike policy in May.<\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n

    At last glance, financial markets have priced in an 80% likelihood of that happening, and it is still not sure when the central bank would pause its monetary policy tightening. Because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession, and according to the famous investor Jeremy Grantham, the U.S. stock market could experience significant losses over the coming months. The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since the 2006 year, and a recommendation is that investors should continue to take a defensive investment approach in the upcoming weeks.<\/p>\n\n\n\n

    Corporate profits are emerging as the big driver of what the market is likely to do in the near term, and according to Refinitiv IBES data, S&P 500 company earnings are expected to have declined 4.8% in the first quarter compared with the same period last year. The second quarter could be an even worst story, and Steven Blitz, a chief U.S. economist at TS Lombard, said<\/a> that he expects negative growth in Q2, with recession to start by mid-year.<\/p>\n\n\n\n

    The recent collapse of Silicon Valley Bank was partly triggered by losses on its bond holdings as interest rates jumped and prices of U.S. government debt fell. Jeremy Grantham warned that the turmoil that swept through the banking sector last month is just the beginning. Jeremy Grantham made his name predicting the dot-com crash in 2000 and the financial crisis in 2008, and he is now warning<\/a>:<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Signature Bank Closed By New York Regulators; Another Big Blow to Crypto Investors<\/a><\/p>\n\n\n\n

    \"Another epic bubble in financial markets is bursting. The best we can hope for is a fall of about 27% from current levels, while the worst-case scenario would see a plunge of more than 50%.\"<\/em><\/p>\n\n\n\n

    Cryptocurrencies, Bonds, Real Estate Are Collateral<\/h2>\n\n\n\n

    Stocks aren't the only assets that significantly lost value when expensive money scared investors to avoid risks. The prices of government bonds and real estate were also shot down, and cryptocurrencies will not certainly be in the situation to escape a fall. The crypto market displayed a high correlation with U.S. equities. If a downtrend is witnessed in the stock market, the same is usually replicated in the crypto-sphere as well.<\/p>\n\n\n\n

    To put it short, if we see turmoil in the traditional financial markets, all other markets will feel turbulence.<\/p>\n","post_title":"U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-s-central-bank-raising-rates-by-25-bps-in-may-repercussions-on-financial-markets","to_ping":"","pinged":"","post_modified":"2023-04-19 14:30:22","post_modified_gmt":"2023-04-19 04:30:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11038","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10904,"post_author":"14","post_date":"2023-04-13 13:40:59","post_date_gmt":"2023-04-13 03:40:59","post_content":"\n

    The U.S. economy remains stable for now, and according to the official data that was released this Wednesday, the Consumer price index (CPI) increased in March at a slower-than-expected pace. The report showed the prices urban consumers pay for a basket of goods and services rose by 0.1% from February and 5.0% year-on-year, landing below consensus expectations of 0.2% and 5.2%.<\/p>\n\n\n\n

    \"United<\/figure>\n\n\n\n

    However, the core measure that strips out volatile food and energy prices posted a monthly gain of 0.4% and 5.6% on an annual basis. Peter Cardillo, a chief market economist at Spartan Capital Securities in New York, said<\/a>:<\/p>\n\n\n\n

    \"The topline is good news, but the core is still elevated. Inflation is going in the right direction, but the fact that core remains stubbornly high suggests that the Fed is likely to raise interest rates by 25 basis points in May.\"<\/em><\/p>\n\n\n\n

    Inflation remains far above the Fed's target; the path to 2% will be bumpy, and because of this, economists are worried that an aggressive Federal Reserve will push the economy into a recession that could dent corporate earnings and stock markets. It is important to mention that the U.S. Central Bank raised interest rates again in March despite the banking crisis, and the main question still remains how much time Fed will need to hold policy at a restrictive level in order to control inflation?<\/p>\n\n\n\n

    The federal funds rate is now in a range of 4.75% to 5%, which is the highest level since 2006 year and a recommendation is that investors should continue to take a defensive investment approach in the second quarter of 2023. With higher interest rates, companies need to spend more money to borrow money to invest in growth, and historically, higher rates lead companies to pull back on spending (and especially on hiring).<\/p>\n\n\n\n

    The U.S. economy ended 2022 year on a slightly softer footing, and analysts expect that the U.S. economy should expand by somewhere close to 1% in each of the next two years, which is roughly half the pace of growth seen in 2022. Despite this, the stock market experienced a robust rebound in the first three months of the 2023 year; still, many companies continue to see a decline in key financials, with earnings expected to slide in the upcoming quarters of 2023. There is an expectation that we could see a meaningful slowdown in economic growth and a weakening of the labor market in the United States, and if earnings growth continues to fall short of expectations, the stock market's reaction could be severe.<\/p>\n","post_title":"Macro Review Of Economic Data For The United States; CPI, Inflation, Fund Rates","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"macro-review-of-economic-data-for-the-united-states-cpi-inflation-fund-rates","to_ping":"","pinged":"","post_modified":"2023-04-13 13:41:37","post_modified_gmt":"2023-04-13 03:41:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10904","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10881,"post_author":"12","post_date":"2023-04-12 17:26:38","post_date_gmt":"2023-04-12 07:26:38","post_content":"\n

    Visa announced news of a new peer-to-peer payments platform that can be used across various payment services called Visa+<\/a>. Alongside Visa, Venmo, PayPal, and a string of other companies are working to develop the service.The Visa+ announcement on their site states that;<\/p>\n\n\n\n

    \"Visa+ helps reduce the need for users to juggle multiple apps, accounts, usernames, and passwords. Now users can do more without leaving their preferred participating payment app.\"<\/em><\/p>\n\n\n\n

    Visa, Venmo, and PayPal aren't the only firms developing this product. Western Union, i2c, TabaPay, and DailyPay have also been included as launch partners of Visa+. These additional companies work to extend this service across different industries and use cases including creator economies, gig, and online marketplaces as the service will be available on each of these platforms.<\/p>\n\n\n\n

    Although, the most recongised digital payment services such as CashApp, Apple Pay, Google Pay, and Square Cash aren't listed in the partners, which would make Visa+ a more useful tool for Americans. General availability of the product won't be until mid-2024.<\/p>\n\n\n\n

    Interoperability And The Future Of Payments<\/h2>\n\n\n\n

    According the official press release<\/a>, the U.S. Faster Payments Council states that interoperability is considered one of the most important topics in the payments industry. <\/p>\n\n\n\n

    The challenge of interoperability stems across various industries; from traditional finance to emerging technology such as cryptocurrencies, with new ways of payments being developed with speed. Allowing these different platforms to interact with each other is a vital part of creating a sustainable future for money and digital payments.<\/p>\n\n\n\n

    According<\/a> to the Faster Payments Council, interoperability \"can significantly benefit all players in the ecosystem if it provides access and reach to any end-user, regardless of the network their financial institution connects to. Through interoperability, the ecosystem can promote competition, reach and scale.\"<\/em> <\/p>\n\n\n\n

    With the divide between people who use traditional finance and cryptocurrencies, the challenge of making these systems interoperable grows. Will we see these systems reach a middleground, or will the divide between those for and against keep growing?<\/p>\n","post_title":"Visa Partners With Venmo, PayPal; Offers Visa+, An Interoperable P2P Payment Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"visa-partners-with-venmo-paypal-offers-visa-an-interoperable-p2p-payment-platform","to_ping":"","pinged":"","post_modified":"2023-04-12 17:29:38","post_modified_gmt":"2023-04-12 07:29:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10881","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10316,"post_author":"14","post_date":"2023-03-08 17:37:47","post_date_gmt":"2023-03-08 06:37:47","post_content":"\n

    Shares of Grayscale Bitcoin Trust, the world's largest Bitcoin fund, rose nearly 10% this Tuesday after Grayscale's lawsuit against the Securities and Exchange Commission kicked off in court. Grayscale Investments, the company behind this fund, has been trying to convert Grayscale Bitcoin Trust into an exchange-traded fund for years. Still, the Securities and Exchange Commission decided to disallow the conversion of the Grayscale Bitcoin into an ETF.<\/p>\n\n\n\n

    Because of this, Grayscale sued the SEC denying its application, and for now, everything indicates that its request could bear fruit. Judges for the U.S. Court of Appeals for the District of Columbia Circuit sounded very sceptical of arguments made by the Securities and Exchange Commission justifying its decision to disallow the conversion. It is important to say that the SEC has already approved ETFs that hold Bitcoin futures, and judges asked what data the agency wanted Grayscale to show to prove that surveillance of the futures market was a sufficient proxy for surveilling that of spot Bitcoin.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> FTX\u2019s Alameda Research Sues Grayscale For $9B In Efforts To Recover Lost Funds<\/a><\/p>\n\n\n\n

    According to the SEC, the proposal did not meet anti-fraud and investor protection standards. Still, Grayscale's lead counsel told the court that a spot bitcoin ETF would \"better protect investors\" because it would benefit them from oversight based on the surveillance agreements set up with the Chicago Mercantile Exchange, where bitcoin futures trade.<\/p>\n\n\n\n

    \"In approving the futures ETPs, it seems to be that the commission has to have necessarily drawn the conclusion that this arrangement would prevent fraud and manipulation on the underlying spot market because they recognize the relationship between the two markets, and they approved the rule for the futures product,\" <\/em>said<\/a> Judge Neomi Rao, while questioning the SEC.<\/p>\n\n\n\n

    After Tuesday's oral arguments, the court could make its decision as soon as this summer, and Grayscale's chief executive officer, Michael Sonnenshein, said that he anticipates the court will rule in Grayscale's favor.<\/p>\n\n\n\n

    Technical Analysis Of GBTC<\/h2>\n\n\n\n

    Shares of Grayscale Bitcoin Trust are showing bullish momentum this trading week, and if the price advances above $14, the next target could be resistance at $15. The price has also exceeded the 10-day moving average, indicating that shares of GBTC could advance even more.<\/p>\n\n\n\n

    \"Grayscale<\/figure>\n\n\n\n

    Despite this advance, investors should keep in mind that shares of Grayscale Bitcoin Trust are also in correlation with Bitcoin, and if the price of Bitcoin falls below $12,000, we could probably see shares of GBTC at a lower price level than the current price. The important support level stands at $11, and if the price breaks this level, we could see GBTC at $10 or even below.<\/p>\n","post_title":"GBTC Price Prediction after Judges Raised Hope for Investors In Favour Of Grayscale","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"gbtc-price-prediction-after-judges-raised-hope-for-investors-in-favour-of-grayscale","to_ping":"","pinged":"","post_modified":"2023-04-10 17:23:37","post_modified_gmt":"2023-04-10 07:23:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10316","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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