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Crypto Flipsider News – Coinbase to Offer Derivatives, Crypto Market GAINS, Inflation Records 7%, Visa CBDC Test, U.S. Banks to Mint Stablecoins, Solana to Become Visa of Crypto

Read in the Digest; Coinbase (NASDAQ:COIN) Steps Into Derivatives Market with FairX Acquisition Crypto Market Resurges, Recover 10%. U.S. Inflation Rises to a Record...
Crypto Flipsider News – Coinbase to Offer Derivatives, Crypto Market GAINS, Inflation Records 7%, Visa CBDC Test, U.S. Banks to Mint Stablecoins, Solana to Become Visa of Crypto Crypto Flipsider News – Coinbase to Offer Derivatives, Crypto Market GAINS, Inflation Records 7%, Visa CBDC Test, U.S. Banks to Mint Stablecoins, Solana to Become Visa of Crypto

Read in the Digest;

  • Coinbase (NASDAQ:COIN) Steps Into Derivatives Market with FairX Acquisition
  • Crypto Market Resurges, Recover 10%. U.S. Inflation Rises to a Record 7%
  • Visa (NYSE:V) to Test CBDC With Cards & Wallets, U.S. Banks Mint USDF Stablecoins
  • Solana to Become the Visa of Crypto Ahead of Ethereum – Bank of America (NYSE:BAC)

Coinbase Steps Into Derivatives Market with FairX Acquisition

America’s leading crypto exchange, Coinbase, is looking to enter the derivative market after announcing the acquisition of fledgling futures exchange, FairX. FairX is a CFTC-regulated Designated Contract Market (DCM) derivatives exchange.

Using the existing partner ecosystem of FairX, Coinbase will offer regulated crypto derivatives trading. Derivative trading involves trading exotic products linked to the future value of an underlying asset rather than the actual asset.

Coinbase has announced that over time, it would develop on FairX’s infrastructure to offer crypto derivatives to its customers in the U.S. Explaining its entrance into the derivative market, Coinbase writes;

“The creation of a transparent derivatives market will unlock further participation in the crypto economy for retail and institutional investors alike.”

Flipsider:

  • Derivatives trading has attracted attention from regulators because they can quickly expose retail investors to heavy losses.

Why You Should Care

With the acquisition, Coinbase plans on making the derivatives market more approachable for our millions of retail customers.

Crypto Market Resurges, Recover 10%. U.S. Inflation Rises to a Record 7%

After recording its worst start to a year since 2012, crypto markets are beginning to show strength. The top 20 cryptos are all recording gains, with DOGE leading the pack with 14% in 24 hours. The sea of green has seen the crypto market regain 10% of its value.

The global crypto market cap over the last 48 hours. Source: Tradingview

Bitcoin has joined the market recovery, briefly topping the $44,000 mark. Ethereum 4% over the last 24 hours, the Ether now trades around $3,400. The global crypto market cap now stands at $2.082 trillion, up from $1.85 trillion on January 10.

The crypto market recovers with debates about whether digital assets can hedge against rising consumer prices. This comes as U.S. inflation reaches 7% on January 12 – the largest increase in 40 years.

With the crypto rally beginning just after the inflation report was published, many are turning to digital assets as an alternative to stock because of the low-interest rates.

Flipsider:

  • Experts have opined that the rising inflation could force the Fed to raise interest rates and reduce its balance sheet, throwing cryptos into a bearish trend.

Why You Should Care

With the maturing crypto industry, new reports suggest that Bitcoin and many altcoins will outperform stocks in 2022.

Visa to Test CBDC With Cards & Wallets, U.S. Banks Mint USDF Stablecoins

One of the major proponents of mainstream crypto adoption, Visa, has announced that it will pilot a test on central bank digital currencies with its cards and wallet. The move coincides with the increasing number of countries looking to issue a digital asset, like China.

The test program will begin this Spring after Visa has reached out to 30 central banks about goals related to government-backed digital currencies. In addition, the pilot will see Visa team up with blockchain software company ConsenSys Inc.

Following statements from the U.S. Fed that stablecoins can co-exist with a CBDC, banks have launched a consortium to help members mint and use stablecoins. The stablecoin, USDF, is a bank-minted stablecoin looking to compete with the likes of USDT and USDC.

The stablecoin will be operated on the public Provenance Blockchain. The USDF Consortium’s founding bank members include New York Community Bank, NBH Bank, FirstBank, Sterling National Bank, and Synovus (NYSE:SNV) Bank.

Flipsider:

  • Some anti-crypto senators continue to call stablecoin a risk to the U.S. economy.

Why You Should Care

The greater push for CBDC would increase the adoption of digital assets and may challenge conventional cryptos depending on how they are issued.

Solana to Become the Visa of Crypto Ahead of Ethereum – Bank of America

Since launching in 2020 with its revolutionary technology, Solana has been pitted against Ethereum. Capable of processing up to 50,000 transactions per second while Ethereum struggles at 15-45 TPS, Solana quickly earned the title of the Ethereum-Killer.

Thanks to its “ability to provide high throughput, low cost, and ease of use,” the Bank of America believes Solana has the capacity to become the “Visa of the digital asset ecosystem.”

The BoA digital asset strategist Alkesh Shah opines that Ethereum is losing its market share to Ethereum because of its “high-value transaction and identity, storage and supply chain use cases.” The BoA has opined that Solana might one day beat Ethereum.

Flipsider:

  • Solana has become less secure than Ethereum by prioritizing scalability, as shown by the persistent DDoS Attacks.

Why You Should Care

Solana uses a new design (proof-of-history), and experts believe, if improved, could solve the scalability of digital assets.

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27-01-2022 03:42:58 (UTC+7)

EUR/USD

1.1201

-0.0036 (-0.32%)

Summary

↑ Sell

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Sell (12)

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EUR/USD

1.1201

-0.0036 (-0.32%)

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↑ Sell

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GBP/USD

1.3421

-0.0040 (-0.29%)

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USD/JPY

114.93

+0.31 (+0.27%)

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↑ Buy

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AUD/USD

0.7084

-0.0031 (-0.43%)

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USD/CAD

1.2696

+0.0032 (+0.25%)

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EUR/JPY

128.75

-0.06 (-0.05%)

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EUR/CHF

1.0380

-0.0003 (-0.02%)

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Buy

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Gold Futures

1,811.45

-18.25 (-1.00%)

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Neutral

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Silver Futures

23.220

-0.587 (-2.47%)

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Copper Futures

4.4660

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↑ Buy

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Crude Oil WTI Futures

87.27

-0.08 (-0.09%)

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Brent Oil Futures

88.62

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Natural Gas Futures

4.069

+0.033 (+0.82%)

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US Coffee C Futures

238.13

+0.23 (+0.10%)

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Euro Stoxx 50

4,112.45

-52.15 (-1.25%)

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Buy

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S&P 500

4,349.93

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DAX

15,243.39

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FTSE 100

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23,702.87

-587.03 (-2.42%)

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US Small Cap 2000

1,971.72

-32.32 (-1.61%)

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Neutral

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IBEX 35

8,586.50

-33.70 (-0.39%)

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BASF SE NA O.N.

67.590

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Bayer AG NA

51.65

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Allianz SE VNA O.N.

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Adidas AG

240.50

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Buy

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6.984

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138.23

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11.830

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 EUR/USD1.1201↑ Sell
 GBP/USD1.3421↑ Buy
 USD/JPY114.93↑ Buy
 AUD/USD0.7084↑ Buy
 USD/CAD1.2696↑ Sell
 EUR/JPY128.75↑ Buy
 EUR/CHF1.0380Buy
 Gold1,811.45Neutral
 Silver23.220↑ Sell
 Copper4.4660↑ Buy
 Crude Oil WTI87.27↑ Buy
 Brent Oil88.62↑ Buy
 Natural Gas4.069↑ Sell
 US Coffee C238.13↑ Sell
 Euro Stoxx 504,112.45Buy
 S&P 5004,349.93↑ Buy
 DAX15,243.39Buy
 FTSE 1007,466.56↑ Buy
 Hang Seng23,702.87↑ Sell
 Small Cap 20001,971.72Neutral
 IBEX 358,586.50↑ Buy
 BASF67.590↑ Buy
 Bayer51.65↑ Buy
 Allianz224.90↑ Buy
 Adidas240.50Buy
 Lufthansa6.984↑ Buy
 Siemens AG138.23Neutral
 Deutsche Bank AG11.830↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,235
(5/ -5) # 1,265
SJC HCM6,190/ 6,250
(10/ 5) # 1,279
SJC Hanoi6,190/ 6,252
(10/ 5) # 1,281
SJC Danang6,190/ 6,252
(10/ 5) # 1,281
SJC Nhatrang6,190/ 6,252
(10/ 5) # 1,281
SJC Cantho6,190/ 6,252
(10/ 5) # 1,281
Cập nhật 27-01-2022 03:43:00
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,811.49-10.67-0.59%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$86.73+0.150.17%
Brent$88.56-0.03-0.03%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.775,4326.164,36
GBP29.663,4530.930,27
JPY191,46202,68
KRW16,2819,84
Cập nhật lúc 15:34:23 27/01/2022
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