10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL)

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Here is what you need to know.  China’s industrial profits shrink. Profits fell 1.9% year-over-year in December to 680.8 billion yuan ($100.9 billion) — one month after they posted their first contraction in nearly three years, Reuters reports, citing data released by China’s National Bureau of Statistics. Morgan Stanley explains the stock market is set to […]

JPMORGAN: Blockchain is overhyped and won’t change the world anytime soon

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A new report released this week by JPMorgan poured cold water on blockchain technology, saying it wasn’t likely to transform the global payments system. The real potential in blockchain is its potential to streamline cumbersome banking processes, such as trade finance, JPMorgan said.  Blockchain enthusiasts on Wall Street herald the technology as transformative to the […]

Fraud is expected to cost the ad industry $44B in 2022 — here’s how blockchain could help stop it

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This is a preview of a research report from Business Insider Intelligence. Current subscribers can read the report here. Blockchain technology promises to transform how nearly all industries manage data. Since roaring onto the scene as the engine behind Bitcoin in 2009, it’s become applicable to a diverse array of industries beyond financial services, including industrial manufacturing, […]

JPMorgan says the only real use for cryptocurrencies will be in a post-capitalist dystopia

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Cryptocurrencies have grown into a huge industry despite the asset class dropping massively last year.  JPMorgan notes that cryptocurrencies would only serve as a hedge in a “dystopia” despite low correlation with other assets.  “Low correlations have little value if the hedge asset itself is in a bear market,” the bank said.  Cryptocurrencies went into […]

Crypto firms are getting a new credit fund amid market downturn (GBTC)

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This story was delivered to Business Insider Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. Crypto bank Galaxy Digital, which was founded by Michael Novogratz, is raising at least $250 million for a credit fund to offer US dollar loans to crypto firms, according to Business Insider, citing people familiar with the matter. […]

Fraud is expected to cost the ad industry $44B in 2022 — here’s how blockchain could help stop it

Posted on Leave a commentPosted in News

This is a preview of a research report from Business Insider Intelligence. Current subscribers can read the report here. Blockchain technology promises to transform how nearly all industries manage data. Since roaring onto the scene as the engine behind Bitcoin in 2009, it’s become applicable to a diverse array of industries beyond financial services, including industrial manufacturing, […]