News list for " saxo"
According to Cointelegraph, the National Bank of Kazakhstan has announced the launch of a stablecoin pilot project within the framework of its digital asset regulatory sandbox. The newly launched Evo (KZTE) stablecoin is pegged to the Kazakh Tenge and issued by sandbox participant Intebix cryptocurrency exchange and local lender Eurasia Bank, with assistance from Solana and Mastercard. The stablecoin is based on the Solana blockchain and has been launched in the central bank's regulatory sandbox...
In an interview with Fox Business, the new cryptocurrency czar, David Sacks, praised President Donald Trump's executive order on cryptocurrencies. The order aims to clarify regulations, define digital assets, and strengthen the dominance of the U.S. dollar through stablecoins. According to Sacks, the newly formed Digital Asset Task Force will oversee regulatory developments. It will divide digital assets into categories such as securities, commodities, and collectibles. The government also seeks...
Ole Hansen, head of commodity strategy at Saxo Bank, said the jobs data did not "change the outlook for the Fed to cut rates in two weeks". In addition, Bill Eigen, an expert on JPMorgan Asset Management bonds, warned the market ahead of the Fed's next meeting that the Fed may not have as much room to cut rates as it thought, and that central banks would be well advised not to cut rates again in December. He added that this was because there were some signs that the US economy was starting to he...
Trump nominated entrepreneur David O. Sacks as White House director of cryptocurrency and artificial intelligence.
Saxo Bank strategist John Hardy says the cryptocurrency market and gold could benefit if U.S. President-elect Trump's proposed trade tariffs prompt other countries to look for alternatives to the U.S. dollar. Tariffs would have a dire impact on global trade as it would cut off the needed supply of dollars. BRICS countries could trade using gold-backed digital currencies, among other things. Cryptostablecoins pegged to gold could also be used. Crypto markets could quadruple to more than $10 trill...
Gold futures prices fell and are set to close lower this week. Ole Hansen, head of commodity strategy at Saxo Bank, said there was a strong rally in precious metals such as gold in the run-up to the US election. However, gold prices fell sharply after a simultaneous surge in the dollar and yields forced prices down. Even so, Hansen believes there is no reason to change their bullish stance on precious metals. In the worst case scenario, the pullback over the past week has been a reversal of week...
On November 6th, John Hardy, chief macro strategist at Saxo Bank, wrote in a report that the market is flooding into "Trump 2.0" deals as the Republican candidate leads the vote and Harris' path to victory narrows. Even so, he said, investors should be patient because a true "Trump 2.0" scenario requires control of the House of Representatives. He also added that the chances of Republicans taking control of the House are high given that Trump has a stronger popular vote this time. Hardy said the...
The finance ministry of the German state of Saxony-Anhalt used Deutsche Bo ̈ rse's Clearstream D7 platform to issue commercial paper worth 50 million euros. The issue was part of the European Central Bank's wholesale DLT settlement experiment. As a result, according to Jens Hachmeister of Clearstream, the transaction was settled using the Bundesbank's triggered payment solution. The trigger solution is designed to interoperate with the blockchain to support DLT payments. It triggers payments on...
Althea Spinozzi, head of fixed income analysis at Saxo Bank, said the US election was likely to take precedence over monetary policy in terms of market focus. Mr. Spinozzi said the outcome of the US election could have a considerable impact on major economies. "Whatever the outcome, we could see a very different world and investors need to adjust their expectations," Mr. Spinozzi said.
On July 13, the German state of Saxony completed the sale of 50,000 BTC seized from the movie piracy site movie2k, generating around $2.87 billion. Compared to the acquisition cost of $2.13 billion in January, they made a profit of over $740 million. However, driven by the assassination of former US President Donald Trump, the price of Bitcoin soared by 16.55% immediately after the sale, which also improved his chances of re-election in November. Theoretically, the sale of 50,000 BTC in March co...
