If you go to crypto websites or follow the market’s opinion leaders on Twitter, it’s clear this universe has been captured by near-euphoria in recent days. “I’ve never been more bullish about crypto than I am right now,” TechCrunch founder Michael Arrington, who runs a crypto investment fund, tweeted on March 29.
There has been no good news about cryptocurrencies lately — they aren’t acquiring greater acceptance as investments or payments, and the crypto experiments of central banks, governments and major companies haven’t moved beyond dabbling. There’s been bad news, though — more big hacks, more dying currencies, more pump-and-dump schemes .
Bitcoin is a tiny market, compared with global forex trading volumes of about $5 trillion a day. And even Bitwise, which argues that the better exchanges are well-surveilled and that the volumes there are real, cannot guarantee its numbers are free from distortions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Is the Commodities Surge Is Sustainable?Commodity markets, the crucial bell-weather of African economies, have grown strongly in the first quarter of 2019, but there is some doubt about whether the trend is sustainable.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stocks Slide Again as Bond-Yield Drop Stokes Worry: Markets WrapStocks slumped again in Asia as the precipitous decline in developed-market sovereign bond yields continued to unnerve investors about the economic outlook.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: The curious duality of SA’s first business quarterThe Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA’s investors. It’s been a rising quarter, but also, weirdly, a bit of a calamity. Welcome to the strange world of the JSE, circa 2019.
Source: dailymaverick - 🏆 3. / 84 Read more »
Newsdeck: Bitcoin Surges as Cryptocurrency Market Suddenly Springs to LifeBitcoin climbed suddenly on Tuesday to the highest level since November, leading a surge in virtual currencies and ending three months of calm in the $160 billion market. Venezuelan government purchases?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: South Africa Names Ex-Alexander Forbes CEO to Rebuild Tax AgencSouth African President Cyril Ramaphosa appointed Edward Kieswetter, a former chief executive office of insurer Alexander Forbes Group Holdings Ltd., as the head of the nation’s tax agency.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick Op-Ed: Brexit Will Damage Europe – it is time for political creativityBrexit will damage Europe’s role in the world in a way that Europeans currently seem unable to grasp. The clock is ticking towards 29 March and the United Kingdom’s exit from the European Union. Whether Brexit turns out to be 'soft' or 'hard', the UK is set to endure a bout of severe economic turbulence. But Britain has survived much larger crises and will overcome this one at some point. For me, the real question is what Brexit means for the future of Europe.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Five Things You Need to Know to Start Your DayAll Brexit models rejected, Facebook tackles racism and things are looking up for China's economy. Here are some of the things people in markets are talking about.
Source: dailymaverick - 🏆 3. / 84 Read more »
MAVERICK BUSINESS ANALYSIS: South Africa’s enterprise sector critically illThe parlous state of the enterprise sector in SA can be seen in dismal company income tax receipts over the past five years, which are declining and very heavily weighted in favour of large companies. The decline in profitability means 74% of all companies pay no tax at all and the vast majority of company tax receipts come from just 0.09% of SA’s corporates.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK OP-ED: Why do financial markets overreact to bad news?We live in the era of the 24-hour news cycle. Corporate issues make the headlines and then rumbleon and on, taking new turns and causing more damage as company responses are analysed in minute detail. Sometimes, major incidents beget huge crises where significant investor responses are justified. In others, we often get the feeling that markets go over the top.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK ANALYSIS: US Federal Reserve and a new normal for global monetary policyBUSINESS MAVERICK ANALYSIS: US Federal Reserve and a new normal for global monetary policy By Sharon Wood
Source: dailymaverick - 🏆 3. / 84 Read more »