Market Overview

Fintech Focus For December 30, 2020

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Quote To Start The Day: “Crisis can be… a catalyst or can speed up changes that are on the way — it almost can serve as an accelerant.”

Source: Arun Sundararajan

One Big Thing In Fintech: Anthony Scaramucci's Skybridge Capital has already invested as much as $182 million to bitcoin on behalf of its investment funds, according to an investor deck obtained by The Block.

Source: Block

Other Key Fintech Developments:

  • OKEx added real-time settlements.
  • Simplex has joined Visa in Europe.
  • More on OCC fintech charter battle.
  • TrueTrade.IO added new software.
  • Greenpro plans a $100M BTC fund.
  • ChartIQ eyes trade floor innovation.
  • Grayscale hit major $19B milestone.
  • TransferWise: UK fintech grows up.
  • The challenges to institutional DeFi.

Watch Out For This: Tesla, the pioneer in updating cars as frequently as a smartphone, has released a firmware update for select models that brings a much-needed update: fart sounds. The new "Boombox" feature enables Tesla vehicles with external speakers to play custom horn sounds ranging from farts to animal sounds and music.

Source: Input

Interesting Reads:

  • Army faces unstoppable air threats.
  • COVID-19 variant arrived in the US.
  • Boeing 737 MAX makes first flights.
  • Big tech antitrust gains momentum.
  • Strong earthquake killed in Croatia.
  • Enterprise software sectors are hot.
  • Brexit transition may impact finance.

Market Moving Headline: “This is an economy that is recovering, policy is going to be accommodative for years to come, it suggest a good backdrop for risk assets – it doesn’t mean there aren’t going to be some challenges as we progress over the next couple of years,” Brian Levitt, Invesco global market strategist, said on Bloomberg TV. “The reality is the markets are going to be focused on a recovery.”

Source: Bloomberg

 

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