The price of bitcoin (SOXL) (SOXX) has risen 69,278.6% over the last five years. On the other hand, in the last seven days, it has plummeted 27% to $12,466.
Deutsche Bank is planning to use blockchain technology in currency settlement, trade processing, and derivative contracts.
Before updating data on a blockchain, users must agree about the veracity of the transaction through a process called consensus.
Despite the higher number of transactions that need to be updated regularly by users, the transaction capacity is intentionally kept very low by the bitcoin founders.
During the week ended January 29, 2018, British equity markets (BWX) were supported by the prospect of a soft Brexit.
During the week ended January 19, 2018, global markets trended higher despite the possibility of a US government shutdown. The potential shutdown pushed volatility up.
According to the December CPI report released by the U.S. Bureau of Labor Statistics on January 12, consumer prices in December increased 0.1%.
Though the Republican Party holds the House and the Senate, raising the debt ceiling limit would need 60 votes. After the Democratic victory in Alabama last month, Republican strength in the Senate has dropped to 51…
The failure of US Congress to raise the debt ceiling would result in a partial government shutdown. The US Treasury wouldn’t be able to issue any government debt, and it could end up borrowing from its retirement savings fund.
The gains in the British pound were driven by the higher chances of a soft Brexit deal, which could see economic relations between the UK and the EU remain mostly unchanged.
For the week ended January 12, large speculator positions on the S&P 500 (IVV) Index decreased their bullish positions.
The Dow Jones Industrial Average appreciated ~1.6% for the week ended January 12, 2018, while the S&P 500 (SPY) returned ~1.3%. The tech-heavy NASDAQ (QQQ) posted a weekly gain of ~1.4%.
If the Chinese government decides to sell its US debt (GOVT) holdings, it could lead to another possible global financial crisis.
The United States holds the largest trade deficit in the world. The United States has had a trade deficit for more than four decades and continues to increase the deficit every year.
The Japanese yen (JYN) is the only currency that is unable to capture the weakness in the US dollar (UUP).
The British pound (FXB) (GBB) continued to appreciate against the US dollar in the first week of 2018, rising 0.41% against the dollar (UUP).
The euro appreciated 0.27% against the US dollar (UUP) after posting double-digit gains against the US dollar in 2017.
The US Dollar index (UUP) began 2018 on a negative note, posting losses against most of the major currencies.
The S&P 500 index (SPY) rebounded from its minor fall in the last week of 2017, posting the best weekly gain in more than 12 months for the week ending January 5, 2018.
Every segment of the global financial markets began 2018 on a positive note. The global equity rally extended in the first week of the year.