Cosmos Asset Management

17/10/2022

U.S. core CPI accelerated to a new four-decade high, but the S&P 500 still somehow finished the week in the green, which has led to many analysts scratching their heads. Going forward, all eyes will be on the upcoming Q3 reporting cycle to see how businesses are holding up. Meanwhile, the UK market continues to face volatility, but rumours of tax cuts have buoyed markets in recent days, with the pound back to US$1.13.

In the world of crypto, Bitcoin has been relatively stable of late, but other asset classes continue to experience huge volatility. But it’s not only bad news on the digital assets front—to learn about major developments in crypto’s mainstream adoption and what indicators we’ll be watching over the next 12 months, check out our latest Crypto Snippets. ⏬ https://bit.ly/3eEOvOY

Here are the latest crypto news updates, including updates on global inflation, Bitcoin and Ethereum price updates, and new regulations.

04/10/2022

After a rough September globally, there’s been increased investor concerns over inflated asset prices, a potential global recession, and credit default swaps. In Australia, the August inflation print came out at 6.8%, which was down from 7.0% in July. Australian equity markets also had the biggest one-day jump in two years, going up 3.75% on 4th October. 👏

Despite the widespread turmoil in equity markets, crypto has seen steady demands throughout the year. Billionaire investor Stanley Druckenmiller believes that recessionary concerns and lack of trust in central banks could continue driving flows to the asset class. Read more. ⏩ https://bit.ly/3RBP6hF

Here are the latest crypto news updates, including updates on global inflation, Bitcoin and Ethereum price updates, and new regulations.

21/09/2022

Global inflation is at its highest level in decades. 🌎 Markets reservation looms as the Fed continues its aggressive plans to tame inflation when it meets this week.

On regulation, an Australian draft legislation has been released where taxpayers will be provided with increased certainty around the tax treatment of digital currencies, following the Government’s release of the draft legislation on 6 September 2022. 💡

The exposure draft follows an announcement made in June by the Albanese Government to clarify that digital currencies, such as Bitcoin and other similar digital currencies, will not be regarded as foreign currency for tax purposes. Regulatory frameworks such as these is a positive sign for cryptocurrency adoption as it adds further credibility and recognition to the asset class. 👏

Read more ➡️ https://loom.ly/v5RFUqE

Here are the latest crypto news updates, including updates on global inflation, Bitcoin and Ethereum price updates, and new regulations.

14/09/2022

The Ethereum Merge is an upgrade to the Ethereum network that many people are hailing as one of the most significant events in the history of crypto! 🌏

👇 What the Merge could mean for crypto users:
The transition to Ethereum 2.0 is expected to be a critical catalyst in the crypto community that will result in a more sustainable, faster, scalable, and secure blockchain.

👇 What the Merge could mean for investors:
With all the promises of a better blockchain, it begs the question: will this affect the price or long-term value of ETH? Although no one can see the future, there are a few key points to consider.

Read on to learn more ➡️ https://loom.ly/qW3F_no

Here are the latest crypto news updates, including updates on global inflation, Bitcoin and Ethereum price updates, and new regulations.

06/09/2022

Could be the next Internet? 🤔

Research makes comparisons between the internet in the 1990s and its S curve during the period when usage of the web increased from 77M (1996) to 412M (2000). The bank thinks that cryptocurrency may have reached an inflection point in acceptance similar to where the internet was in 1995. 📈

In other research, recent data from Glassnode showed that approximately 12.35M of Bitcoin (or 65%) in circulation has not moved in over 12 months. This data suggests that the majority investors have a long-term view and are holding throughout this cycle.

👉 Read more: https://loom.ly/YOUZ_tk

Here are the latest crypto news updates, including updates on global inflation, Bitcoin and Ethereum price updates, and new regulations.

25/08/2022

While the markets appear unpredictable, cryptocurrency adoption is steadily on the rise with Google’s parent company Alphabet having invested a total of US$1.5 billion between September 2021 and Jun 2022 in the blockchain industry.

Seasoned investor and Shark Tank veteran Kevin O'Leary stated in a post on social media in terms of "the smartest minds are leaving other fields to focus on blockchain technology and aren’t looking back." 💪

👉 Read more: https://loom.ly/crHefIc

Here are the latest crypto news updates, including updates on global inflation, Bitcoin and Ethereum price updates, and new regulations.

08/08/2022

July proved to be a strong month for the blue chips with BTC returning 17% and ETH over 57%, the strongest monthly gain since October 2021 for BTC and January 2021 for ETH. 👏

ETH emerged as the best-performing digital asset in July leaving a significant margin against other cryptocurrencies. ETH’s boost is driven by the long-anticipated Ethereum Merge, announced for September 2022, which is set to function as a catalyst, transforming Ethereum into "a global institutional-grade asset." 📈

👉 Read more: https://loom.ly/e-iO75s

05/08/2022

BlackRock is partnering with Coinbase to make it easier for institutional investors to manage and trade . 👏

👉 https://loom.ly/T-sXmGs

Coinbase just received a major vote of confidence from BlackRock in a deal to bring bitcoin trading to institutional clients of the world’s largest asset manager.

25/07/2022

Across the globe inflation and recession continues to grab the headlines. In the US and most of Europe, inflation is close to 10 per cent, last seen in the early 1980s.

The annual inflation rate in the US accelerated to 9.1% in June of 2022, the highest since November of 1981, from 8.6% in May and above market forecasts of 8.8%. Core CPI which excludes food and energy increased 5.9%, slightly below 6% in May, but above forecasts of 5.7%. 📈

👉 Read more: https://loom.ly/soHy21s

11/07/2022

While the cryptocurrency market has experienced a downturn in recent times, similarly to the global market as a whole, blockchain technology adoption, which is the bedrock of the cryptocurrency industry has been on the uprise. 📈

Cryptocurrency volatility is common to crypto natives, however what’s been interesting about this downturn has been the great interest from Institutional investors appetite for the asset classes within the traditional businesses. 💡

In other crypto news, a MasterCard study focused on citizens in Latin America revealed:

✔️51% have made at least one transaction using cryptocurrencies
✔️ 1/3 said they have used stablecoin
✔️ 82% desire choices for cryptocurrrency-related features available from their financial institution
✔️ Approx. 66% said they would be happy to make or receive payments in crypto assets if tokens had tradfi (traditional finance) backer

👉 Read more: https://loom.ly/OD4P6OA

The US job report came in better-than-expected last week (8th July) and for a short stint, the news eased the looming concerns around a recession. The S&P 500 welcomed the news with a sense that the Fed will ease its trajectory rate hike, rebounding 6% from its June lows, while the US 10-year treasu...

08/07/2022

💬 “Investors should really be thinking about the fundamentals of the asset class and the future of our digital economy—looking at the blue chips of these asset classes, specifically when we’re talking about like and .”
– Dan Annan, CEO of Cosmos Asset Management.

Dan recently chatted with Peter Switzer from Switzer to discuss the current cryptocurrency climate, how investors can get involved in cryptocurrencies via ETFs and more. ✔️

👉 Watch the full chat here: https://loom.ly/JOJyydY

Listen to the audio version here: https://pnc.st/s/switzer-property/b5028e89/how-this-buyers-agent-bought-18-properties-is-it-time-to-buy-a-crypto-etf-Timeco...

27/06/2022

Although the crypto market has traditionally experienced extreme bull and bear cycles, with drops as extreme as 94% in the bear cycles, the recent market downturn is not unique to the blockchain technology asset class.

As of 24 June 2022, the S&P 500 and the ASX 200 are down year-to-date ~18% and ~12%, respectively. Of note, staple stocks such as Netflix Corp. (NASDAQ:NFLX) also tumbled down over 68% YTD, which is far greater than bitcoin’s YTD loss of over 53%. 📉

Amidst the FUD, Bitcoin and Ether remain fundamentally unchanged, and smart money has been steadily acquiring at these levels.

The road ahead looks volatile, and with volatility presents opportunity. Investors with a long-term horizon should revisit the fundamentals of Bitcoin and Ether- the blue-chip cryptocurrencies. 💡

👉 Read more: https://loom.ly/FmTkt1w

The price of cryptocurrencies has plunged since the highs in October 2021; while some will see this as an opportunity, many are starting to question the viability. Global macro economic reports of unprecedented inflation data, shed a combined $US300 billion ($A434 billion) from cryptocurrencies mark...