Grexit: Markets will respond "Not with a Bang but a Whimper"
Greece is on the verge of leaving the Euro. Whilst Eurozone capital markets are likely to deliver an initially muted response, we will see a long-term re-valuation of the price of peripheral Eurozone bonds and stock markets as investors price in the risk that other countries may, in time, follow Greece. The comments from Tom Elliott, International Investment Strategist at deVere Group, one of the world's largest independent financial advisory organizations, come as the Greek debt crisis is reaching a climax following Thursday's failed crunch talks with the Eurogroup finance ministers. It....
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Written by Colin Kwan, COO of Magnr/BTC.sx. Colin has over 10 years experience in investment banking, including senior management roles at UBS and Deutsche Bank. Colin also holds an MBA from the Australian Graduate School of Management. At the time of writing, the Greece debt crisis appears to have been averted, or at the least delayed. A €50 billion bailout package has been offered, if the Greek parliament agrees to implement extensive reforms that have been demanded by the eurozone. Although the risk of a Grexit has been reduced, it has not been eliminated. If the parliament votes to....
UK-based Bitcoin analytics and security firm Elliptic today announced the launch of The Bitcoin Big Bang - an interactive visualization that marks the emergence and interconnectivity of key Bitcoin names since the cryptocurrency was first heard in 2009. The Bitcoin Big Bang is a landmark achievement in itself. The interactive visualization tool debunks the anonymity myth of the blockchain technology and tracks the flow of Bitcoin from one entity to another. Creating Confidence in Bitcoin. The visualization marks more than 250 large entities and identifies the historical transactions....
CNBC contributor Brian Kelly, the author of "The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World," proposes a quick and simple bitcoin-like solution for Greece's troubled economy. Since the January elections that brought the "anti-establishment" Syriza party to power, Prime Minister Alexis Tsipras has been trying to renegotiate the Greek debt with the European Union (EU), but the country remains strangled by foreign debt. Rumors of a possible "Grexit," the exit of Greece from the EU, keep surfacing.Writing on CNBC, Kelly notes that Greece could stay in the....
What was once a major bearish narrative exits via the tradesman’s entrance after failing to have any impact on Bitcoin markets. Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) completed its share unlockings this week, ending a major talking point both inside and outside crypto.Data from monitoring resource Bybt confirms that as of Thursday, no more unlockings are scheduled.Bitcoin shrugs off another FUD narrativeUnlocking events at GBTC have continued throughout 2021 and, at one point, formed the focal point for bearish BTC price predictions.With the equivalent of tens....
DeFi users got a fat stimulus check, but Uniswap’s token fell short of the community’s inflated expectations. The biggest event of this week was definitely the sudden release of Uniswap’s token, UNI, which enriched many DeFi users by at least $1200 each.Uniswap gave 400 of its tokens to anyone who had ever traded with the protocol, even if the interaction somehow failed. And by “anyone” I mean “any wallet” — some people almost certainly got more than one such allocation by having multiple wallets.Sadly, I wasn’t one of them, and to be honest I barely used Uniswap anyway. In my treatise....