News • 2 min read
By Aron Abraham
Winter’s approaching, and it’s not just the weather that’s cooling down: the crypto market continued to struggle last week, while the stock market ended with mixed results. But what could turn the tide? Read on to find all you need to know.
An unprecedented event took place last week, causing some mild turmoil across the internet: a certain decentralised autonomous organisation (DAO) called ConstitutionDAO attempted to buy one of the 13 original copies of the Constitution of the United States. The attempt was made during a public auction, where the DAO used its crowdfunded capital - raised in ETH - to bid on the piece. In the end, the bidder(s) didn’t win, however, the case was a so-far unseen demonstration of how powerful a DAO can be.
Jack Dorsey, the CEO of Twitter and Square has recently announced the launch of tbDEX, a decentralised Bitcoin exchange, publishing a whitepaper detailing the vision for the project. Reactions from the crypto community were a mixed bag, some arguing that the platform will not be decentralised enough, others regarding the initiative as a clear endorsement of Bitcoin by the tech-magnate. The only thing left to do is wait and see the idea turning into reality.
This week was a mixed bag when it comes to stocks. Some of the major indices, like the S&P500 and NASDAQ100, managed to close in the green, while the DJ30 was marginally down. The major loser of the week was seemingly the energy sector, losing a couple of percentage points overall.
The freshly-founded young titan of Indian aviation, Akasa Air, made a decent amount of headlines with its latest purchase: the company has recently ordered 72 Boeing 737 MAX jets, amounting to a whopping €8B in total. The enormous deal might not only help Boeing regain momentum after a pandemic-dominated two years, but could also provide a massive boost to India’s aviation industry, flying millions of citizens more each year at low-cost fares.
BioNTech, the biotechnology giant closed the week well in the green, following positive news regarding its vaccines. Studies indicated an almost-perfect efficiency score for the company’s shots, and with more and more governments greenlighting the vaccination of teenagers, investors seem to hope for an extended high-demand for the firm’s life-saving medications.
This article does not constitute investment advice, nor is it an offer or invitation to purchase any digital assets. This article is for general purposes of information only and no representation or warranty, either expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this article or opinions contained herein. Bitpanda Stocks are contracts replicating an underlying stock or ETF. More information and the PRIIPs key information document (KID) are available at bitpanda.com.
Bitpanda’s Response to the War in UkraineRead more
Bitpanda GmbH ve grup şirketleri (Bitpanda) Türk Parasının Kıymetini’nin Korunması Hakkında 32 sayılı Karar’ın 2/b maddesine göre Türkiye’de yerleşik sayılan hiçbir kişiye yönelik olarak 6362 sayılı Sermaye Piyasası Kanunu başta olmak üzere Türkiye Cumhuriyeti Devleti mevzuatı hükümleri gereği Türkiye’de faaliyet izni gerektiren hiçbir sermaye piyasası faaliyetine dair hizmet sunmamaktadır. Şayet Bitpanda’nın yabancı sermaye piyasalarında vermiş olduğu hizmetlerden Türkiye’de yerleşik kişilerin faydalandığı tespit edilecek olursa tüm zararları kullanıcıya ait olmak üzere bu hizmetler ivedilikle sona erdirilecektir.
As the name would suggest, some cookies on our website are essential. They are necessary to remember your settings when using Bitpanda, (such as privacy or language settings), to protect the platform from attacks, or simply to stay logged in after you originally log in. You have the option to refuse, block or delete them, but this will significantly affect your experience using the website and not all our services will be available to you.
We use such cookies and similar technologies to collect information as users browse our website to help us better understand how it is used and then improve our services accordingly. It also helps us measure the overall performance of our website. We receive the date that this generates on an aggregated and anonymous basis. Blocking these cookies and tools does not affect the way our services work, but it does make it much harder for us to improve your experience.
These cookies are used to provide you with adverts relevant to Bitpanda. The tools for this are usually provided by third parties. With the help of these cookies and such third parties, we can ensure for example, that you don’t see the same ad more than once and that the advertisements are tailored to your interests. We can also use these technologies to measure the success of our marketing campaigns. Blocking these cookies and similar technologies does not generally affect the way our services work. Please note, however, that while you’ll still see advertisements about Bitpanda on websites, the adverts will no longer be personalised for you.