• December 20, 2021

    Most cryptocurrencies decline in November due to worries over COVID-19 variant and regulatory pressures

    Most cryptocurrencies declined in November on the back of concerns over the new COVID-19 variant, tax-reporting requirement in the U.S infrastructure bill and China’s increasing clampdown on cryptocurrencies. Performance and Key Metrics Source: Refinitiv U.S’ USD 1 trillion infrastructure bill includes a provision for brokers to report information on crypto traders transacting an amount of over $10,000 to the Internal Revenue Services (IRS). The lack of clarity in the bill on the term ‘broker’ raised doubts about the new regulations...

  • November 17, 2021

    Bitcoin and Ethereum touch all-time high in October

    October marked a record-breaking month for cryptocurrencies with Bitcoin touching its all-time high in October. With bitcoin price soaring, the market cap for bitcoin also breached the 1 trillion threshold. The second largest cryptocurrency – Ethereum, also touched its all-time high of USD 4,402 in October, on the back of upward crypto momentum and a recent technical upgrade to the Ethereum network. Ethereum based meme cryptocurrency – Shiba Inu soared 155% in the last week of October and 1,000% over...

  • January 14, 2021

    Major Global Investment Themes of 2020 – Tech stocks and Cryptocurrencies

    Technology stocks benefit from the pandemic and significantly outperform the benchmark index The top tech companies in the world were among the big winners with the pandemic accelerating the adoption of technology. Apple, Amazon, Netflix, Google, Facebook and Microsoft stocks saw huge gains this year as demand for e-commerce, online advertising and cloud computing during the pandemic led to soaring revenues. Social distancing guidelines resulted in many employees working from home. The biggest winner due to this shift was Zoom...