FlowBank
en

1088 days ago

First real house to be sold as an NFT

A real house in Germany was put on auction on the OpenSea NFT marketplace, for the starting price of 34 ETH ($74,000). The auction will end on April 25, but there are no bidders yet. The owner of the NFT will have access to unlockable content, such as the contact of the seller, and will then be the new owner of the house. The house is not even in good shape, but it is surely a step in the world of NFTs. 

First real house to be sold as an NFT

1088 days ago

Can Coinbase sustain earnings beyond its ATM Q1 sales?

Coinbase is set to IPO this Wednesday in one of the most anticipated market debuts of 2021. The firm is worth $91.5B. The firm is valued at nearly 90X its trailing 12 month earnings--some worry about the next step and whether or not Q1 2021 was just a blip, or something to get accustomed to. Coinbase makes money on transaction fees which could come under pressure from other competitors offering cheaper options. 

1088 days ago

Which way will Cardano's ADA token break from its triangle pattern?

Cryptocurreny ADA has been consolidating vs Tether (ADA/USDT) - Is the trend set to continue or is more pullback due ?

#Technical Analysis
Which way will Cardano's ADA token break from its triangle pattern?

1089 days ago

HSBC reportedly blacklists MicroStrategy's stock for investing in Bitcoin. They now classifies MicroStrategy (MSTR) as a “virtual currency product.”

Buying MicroStrategy stock is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirecct (HIDC). According to a supposed message from the bank to its customers, HSBC has directed users that already own MicroStrategy stock not to buy additional shares. Twitter user Camiam claimed to have received such a message from the banking giant on March 29 (see below). 

HSBC trading desk message to customers

1089 days ago

Bitcoin futures yields are higher than all major currencies. JP Morgan believed that a Bitcoin ETF in the US would change its course.

The chart below shows the annual carry for the June CME Bitcoin contract which currently offers around 25% annualized slide relative to spot. Looking at unregulated exchanges (e.g Binance), the carry can be as high as 40+%. This is substantially higher than all major currencies across developed and emerging markets.
Why such a carry? According to JPM, this can be explained by speculation, pricing error but first and foremost because it’s difficult for institutional investors to get access to Bitcoin on regulated markets. CME and the Grayscale Bitcoin Trust, a closed-end trust that manages close to $40 billion, are all investors really have.
So, what could bring the Bitcoin futures premium down? To JP Morgan, the listing of a Bitcoin ETF tracking spot exchange rates in the U.S would likely be a major catalyst. “It would also presumably be easier for prime brokers to take those securities as collateral,” said the JPM analysts.
For the time being, the US SEC has thrown out all applications for Bitcoin ETFs. You can thus enjoy the carry...

Bitcoin futures June and September contracts yield
More live news
bg_newsletter

Client Positioning


CFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. You should consider whether you understand how CFDs work. Please see our Risk Disclosure Notice so you can fully understand the risks involved and whether you can afford to take the risk.


This website is owned and operated by FlowBank S.A, a company regulated by the Swiss Financial Market Supervisory Authority (FINMA) and a member of esisuisse. The list of banks and securities firms authorized by FINMA can be accessed here. Depositor protection in Switzerland is provided by esissuisse for a maximum of CHF 100,000.- per client. Details concerning this protection system are explained at www.esisuisse.ch/en

FlowBank is affiliated with the Swiss Banking Ombudsman. Therefore, if you wish to initiate a mediation procedure with the Swiss Banking Ombudsman after your complaint to FlowBank, please contact the Ombudsman according to the instructions provided on its website: https://bankingombudsman.ch/en/

 

The information on this site is not directed at residents of the United States, Belgium, Canada, or any person in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.

 

Trading Forex and other leveraged products carries high risks and may not be apt for everyone. Before you consider trading these instruments please assess your experience, goals, and financial situation. You could lose your initial investment, so don't use funds you can't afford to lose or that are essential for personal or family needs. You can consult a licensed financial advisor and ensure you have the risk tolerance and experience.


Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

FlowBank S.A, Esplanade de Pont-Rouge 9, 1211 Geneva 26, Switzerland
FlowBank S.A, Seidengasse 20, 8001 Zurich, Switzerland