DeFi expert Jim Bianco joins Jared Blikre to break down an interesting year ahead on Wednesday, 1/12 at 2PM ET.
The use of cryptocurrency in Germany is increasing rapidly with Bitcoin and Ethereum being widely used in e-commerce to purchase goods.
Cryptocurrencies in Germany are regularly transferred and traded and companies have invested their capital in the new digital currency.
It is estimated that more than 2.1 million people – 2.62% of Germany’s total population – currently own cryptocurrency with Bitcoin as the leader.
The majority of German cryptocurrency owners are in the 18-34 age group (33%). Five per cent of them are 55 and above, meaning cryptocurrencies are largely owned by young, tech-savvy and affluent German residents.
Germany is, however, one of the few states in Europe that started to regulate the Bitcoin system.
The virtual currency regulation already exists and follows the German Banking Act (Kreditwesengesetz).
According to this rule, any person who conducts banking business or financial services for commercial purposes in Germany needs written authorisation by the German Federal Financial Supervisory Agency (GFFSA).
The GFFSA has classified digital currencies, in particular Bitcoin, as units of account in the sense of the German Banking Act.
It means that commercial Bitcoin platform operators – at least those established in Germany and/or those serving German customers – need a licence from the GFFSA under German law.
German tax authorities classify Bitcoin as an ‘economic asset’ (Wirtschaftsgut) that is then subject to income tax according to the German Income Tax Act (Einkommenssteuergesetz).
Germany, therefore, seems to be fertile soil for crypto companies. Some of the world’s most successful crypto companies found their place in German territory.
A liquidity aggregator and a decentralised exchange with smart routing that connects a large number of decentralised and centralised platforms in order to minimise slippage and find the best price for the users.
The synergetic effect of its smart contract is substantially beneficial to the Ethereum community.
Bitwala offers a banking experience that combines fully protected bank accounts with access to cryptocurrencies, digital assets, and blockchain-based finance.
With the firm’s blockchain technology platform, customers can invest in cryptocurrency directly from a bank account and earn up to a 4% annual return on Bitcoin.
FinLab is a Germany-based investment company engaged in the building of companies in financial services technologies.
Minespider is an open blockchain protocol for supply chain due diligence. It offers all stakeholders in the chain the opportunity to introduce and track the origins of the materials extracted, no matter their transformation along the supply chain.
The NAGA Group provides personal finance and investment products under the brand name NAGA and combines and unifies trading, investing, transacting and community across both fiat and crypto.
Tangany provides a custody ‘Wallet as a Service’ for businesses to easily integrate blockchain technology into legacy and new systems via an API.
The connectors (Meta Blockchain API) enable clients to connect to the different public (like Ethereum or Bitcoin) and private blockchains (like Hyperledger or Privat Ethereum instances).
With Coindex customers can invest in digital assets like Bitcoin easily and securely. Coindex is the first platform for intelligent crypto portfolios where users can configure index based and individual portfolios in a breeze.
CryptoTax is helping individuals and companies in meeting their legal obligations arising from dealing with blockchain-based assets.
Blocksize Capital makes the DLT – and Blockchain-based asset market accessible for financial institutions.
Lighthouse is a company made up of entrepreneurs and crypto enthusiasts united in their aim of boosting innovation in the digital economy.
Bitbond improves the issuance, settlement and custody of bonds and other assets with the help of blockchain technology and tokenization.
In 2019 Bitbond received regulatory approval from BaFin to run Europe’s first Security Token Offering (STO).
The IOTA Foundation is the Next-Generation Blockchain and was initiated with a very clear and focused vision of enabling the paradigm shift of the Internet of Things, Industry 4.0 and a trustless ‘On Demand Economy’ through establishing a de facto standardised ‘Ledger of Everything’.
JPMorgan Chase & Co. CEO Jamie Dimon says the consumer remains in great shape in 2022 but also said that volatility could be elevated in financial markets as the Federal Reserve aims to navigate a COVID-induced surge in inflation.
Buffett prefers assets with clear, material use, and these definitely fit the bill.
One thing is certain already: the market environment for 2022 will not be the same as that in 2021. This may or may not be good for investors, per se, but like every shift in market conditions, it will present opportunities for those prepared to grasp them. Some factors are just reruns. COVID is rearing its ugly head again, threatening us with lockdowns and shutdowns. That’s running against the grain of a resurgent economy, an economy that is trying to gain more traction – but it’s facing headwi
Finra has ordered the zero-commission app Robinhood to pay Jose Batista almost $30K and found the company liable for his investment losses when it restricted trading on meme stocks in Jan 2021.
AT&T (NYSE: T) was once considered a stable stock for long-term investors, but it lost more than a third of its value over the past five years. The pandemic exacerbated that pain by disrupting WarnerMedia's theatrical releases and its production of new content. All those headwinds made it tough to invest in AT&T, even as its price-to-earnings ratio dropped to the single digits and its dividend yield hit an all-time high.
Shares of Tilray (NASDAQ: TLRY) jumped 13.6% on Monday after the cannabis company reported a significant improvement in its operational and financial results. Tilray's net revenue climbed 20% year over year to $155 million in its fiscal 2022 second quarter, which ended on Nov. 30. All told, Tilray's net income improved to $6 million, compared to a net loss of $89 million in the year-ago period.
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The stock of QuantumScape (NYSE: QS) crashed 23% in December, according to data provided by S&P Global Market Intelligence. QuantumScape stock is already down another 10.9% this month, as of the time of this writing. The passage of President Joe Biden's $1.2 trillion infrastructure bill that earmarked $7.5 billion on building an EV charging network of 500,000 chargers sent EV stocks surging in November.
Shares of Snowflake (NYSE: SNOW), CrowdStrike Holdings (NASDAQ: CRWD), and MongoDB (NASDAQ: MDB) all fell hard again on Monday, down 8.6%, 7.5%, and 8.3% at their daily lows, respectively, before recovering more than half those losses by 2:10 p.m. ET. There wasn't much in the way of company-specific news today, although MongoDB management did present at the Annual Needham Virtual Growth Conference this morning.
Shares of BioCryst Pharmaceuticals (NASDAQ: BCRX) are soaring today in response to unaudited sales figures from the fourth quarter and projections for the entire year. The Food and Drug Administration (FDA) approved BioCryst's first drug, Orladeyo, a little over a year ago. The first few quarters post-launch for the drug, which prevents attacks of hereditary angioedema, were less than inspiring.
Palantir (NYSE: PLTR) stock is losing ground again on Monday. Meanwhile, the S&P 500 index was down roughly 1%, and the even more tech-heavy Nasdaq Composite index was down roughly 1.2% as of 2 p.m. ET. Palantir has gotten hit hard as the market has become more cautious about heavily growth-dependent stocks, and more volatility could be in the cards if risk-heavy investments continue to fall out of favor.
Shares of many stocks in the electric vehicle space opened lower on Monday, amid a broader sell-off of technology stocks on concerns about upcoming inflation data and the beginning of earnings season. Cenntro Electric Group (NASDAQ: NAKD) was down about 10.3%. Nikola (NASDAQ: NKLA) was down about 6.9%.
Shares of online payments behemoth PayPal Holdings (NASDAQ: PYPL) plunged on Monday and remain down 3.7% as of 3 p.m. ET. As TheFly.com reports today, French investment bank Exane BNP Paribas just cut its rating on PayPal stock from outperform to neutral, and set a $200 price target on the stock. On the one hand, that may sound like good news to you — after all, PayPal shares only cost about $180 and change right now, so a $200 price target implies at least some upside in the stock.
Buckle up stock market bulls, it could be a rough January.
Two big leadership changes are coming out of Intel Corp. today. Executive Vice President Michelle Johnston Holthaus, who has been with the company since 1996, was named head of the Client Computing Group. New to the company is David Zinsner, who was named executive vice president and chief financial officer.
A Wall Street firm sees a “bumpy yet rewarding ride” for semiconductor stocks in 2022 and named Nvidia stock its top pick.
President Biden's approval rating fell as omicron cases and inflation surged and the stock market rally faltered, the new IBD/TIPP Poll finds.
The Nasdaq is having a rough morning, but the electric vehicle leader just got several pieces of good news from Wall Street.
Shares of BioNTech (NASDAQ: BNTX) closed Monday's trading session 8.6% higher, lifted largely by two developments. First, on Monday, BioNTech announced a collaboration with Crescendo Biologics to develop immunotherapies for treating cancer and other diseases. Pfizer and BioNTech are again working together to develop the omicron-specific vaccine.
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the…