S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, will launch cryptocurrency indices in 2021, reported Reuters.
S&P DJI-branded products will use data from New York-based company Lukka, which processes data on the prices of 550 cryptocurrencies. S&P clients will be able to work with Lukka to create customized indices and other cryptocurrency benchmarking tools.
S&P and Lukka said in a joint statement that more reliable price data will make it easier for investors to access a new asset class and reduce risks in this volatile market.
“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices. …
Just recently PayPal announced that they will be venturing into the cryptocurrency space with the opening of their PayPal Wallet to users of cryptocurrencies. In fact, the company has stated that they will be allowing users to store many different types of these currencies in their account and will ultimately be allowing users to spend those currencies at any of the over 26 million merchants that they currently work with. This will no doubt increase the number of people who are venturing into cryptocurrency and will change the way that it’s currently being used in the traditional market.
But of course, once you have a cryptocurrency wallet you will also want to know more about how to use that currency. And it’s not just for buying and selling items in the traditional market. It may also be about buying and selling and even trading cryptocurrency and that’s where you’re going to need a platform to help you. OKEx is one of the options that you’ll want to take a closer look at because of the different features that it offers for those who are just getting started as well as those who have been involved in cryptocurrency for years. …
If you’re looking at getting started with cryptocurrency but you’re not entirely sure how to do it OKEx is a great option. With this service you’re going to have what’s considered the best one-stop exchange out there. And that’s in the entire world. They have a whole lot of features and options and you’ll learn a great deal about the entire process too. But of course, you have to create an account and get started in order to reap all of those benefits. So let’s take a look.
If you want to get started with OKEx the first thing you need to do is visit their website. You can do that at https://www.OKEx.com/. Once you’re there, you’ll see the option to sign up right at the top of the page. Of course, if you’d rather you can take a look at some of their other information and offerings before you decide to sign up. …
The DeFi hype opened a more useful understanding of DLT power. But while everybody is hyping around lending money, there is a huge leap forward happening in the trading industry in parallel. The technical part with charting, alerts, indicators, and strategies is long covered by industry leader TradingView. However, we need to add 2 more crucial parts of the landscape into the equation to cover the full specter of services that used to be exclusively covered by brokerage houses: different types of trade executions and customer representation in the capital market.
It is well-known that an investor no longer needs a brokerage house to be able to access exchanges and execute trades on crypto markets. Yet, not so long ago, there were other pro-level trading services still absent from the crypto market. What is replacing the brokerage houses in crypto space today? Who is creating the crypto trading industry guidelines? And, is there something left for brokerage houses in crypto? …
DeFi, or Decentralized finance, is a relatively new construct but if you’ve had even half an eye on the cryptocurrency space in 2020, then you can’t have missed the surge of news stories and emerging projects around DeFi.
DeFi offers smart contracts that use the blockchain technology commonly used with cryptocurrency in order to establish smart contracts without the use of traditional banking establishments. While this technology is already on offer, there’s still a great deal to be figured out before it can be put into normal circulation. At this point, however, it’s continuing to increase in popularity, with somewhere around $6.9 billion invested in DeFi contracts. …
When it comes to getting started with cryptocurrency and trading you want to make sure you’re using one of the best possible options. You want to make sure that you have a great service that will help you trade, buy and sell all of the top cryptocurrencies. But how do you know which platform is the best way to go?
Well, you’re going to want to take a look at plenty of different options. And one of those options you should look at is the OKEx Exchange.
First of all, you have to DYOR about the exchange background. OKEx Exchange is actually one of the top-ten cryptocurrency exchanges in the world according to daily volume. They do approximately $1.68 million in exchanges throughout the course of a single day. Plus, they have everything you need all in one, including crypto-to-fiat trading, wallet options and futures trading. Those are all things you would normally need to reach out to different services to combine, but you can get all of it and more with this one exchange. That makes things a whole lot easier for you to get started and to carry out all of your processes. …
Europol confirmed the previously published media information about the exposure of the counterfeiters network in Italy. The department noted that the criminal group is probably the largest in the history of the euro.
On Thursday, July 16, a French police representative, reported the exposure of the mafia network of counterfeiters, 44 arrests and confiscated property worth 8 million euros.
“The criminal network exposed in Italy produced 25% of all counterfeit euro banknotes found in circulation. This network is perhaps the largest network ever to have operated since the introduction of the euro,” Europol said in a press release.
Law enforcement officers from Italy, Belgium and France took part in the special operation. Europol helped with information exchange, coordination and analytical work. The investigation began back in October 2017, when a large batch of counterfeit €50 banknotes was seized in Benevento, Italy. …
Walt Disney has significantly reduced advertising costs on Facebook and Instagram.
According to the Wall Street Journal’s own sources, the Walt Disney Company in the first half of the year was the leader in advertising costs on Facebook and ranked second in 2019.
Presumably, in the first six months of 2020, the Walt Disney Company spent about $210 million on advertising for the Disney + streaming service.
Recall that human rights organizations called on businesses to stop advertising on Facebook. After that, several corporations announced the suspension of advertising. Among such corporations are Coca-Cola, Adidas, Ford, Unilever.
Author: Marko Vidrih
Featured image credit: Unsplash
China is going to collapse world oil prices, which would lead to problems in the market, Bloomberg reports.
According to the agency, the country bought large volumes of cheap oil in the spring. Now, as the OPEC + countries are preparing to ramp up energy production, Shanghai has begun selling oil from its storage facilities. About 1 million barrels went to buyers, who tend to buy energy in the Middle East or Africa.
As the agency notes, China did not plan to become a regional oil supplier. The launch of futures trading through the Shanghai International Energy Exchange was needed to popularize the yuan. …
Deputy Governor of the Bank of Thailand, Vachira Arromdee, said that the bank has moved to a new phase of testing the state digital currency.
According to Arromdi, earlier the Central Bank of Thailand (BoT) began to test digital currency with large financial institutions, and in September plans to test it together with the Hong Kong Monetary Authority (HKMA). At this stage, the Central Bank of Thailand is testing stablecoin with small firms.
BoT expects that its digital currency will be able to be used not only by government agencies or large financial companies, but also by ordinary people. However, before the large-scale launch of the national cryptocurrency, it is necessary to conduct its comprehensive analysis and weigh the pros and cons. …