Tag Archive: Austria

Bitpanda Receives Full Crypto Custody and Trading License in Germany

2022-11-24

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2022-11-24

Austrian crypto platform Bitpanda has received a full operating license from the German Federal Financial Supervisory Authority or BaFin for the custody and proprietary trading of crypto assets. Bitpanda claims to be the first European retail investment platform to obtain the license which was introduced by BaFin in 2020, allowing it to actively market and offer services in the German market. Founded in 2014, Bitpanda now has nearly four million...

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N26 Launches New Cryptocurrency Trading Feature With Bitpanda

2022-10-26

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2022-10-26

German neobank N26 has launched its cryptocurrency product in Austria to enable customers to buy and sell 194 cryptocurrencies in their app. The N26 Crypto feature will be made available progressively to eligible customers in Austria over the coming weeks, as well as in other key markets over the next six months. The launch addresses strong local demand, where internal research showed that 40% of N26 users are either actively trading, or have...

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FX Daily, October 11: Rate Expectation Adjustment Continues

2021-10-11

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2021-10-11

Overview:  Equities are softer and yields higher to start the new week.  The dollar is mixed.  Oil and industrial metals are higher. There are several developments over the weekend, but the focus seems to be on central bank action, inflation reports by the US and China, and the start of the Q3 earnings season. 

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Austrian Crypto Broker Bitpanda Secures Unicorn Status With $170 Million Funding

2021-03-17

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2021-03-17

Bitpanda, an Austrian digital investment platform dealing with cryptocurrency, announced that it has closed it Series B funding round with an investment of $170 million and attained unicorn status with a valuation of $1.2 billion. The funding round was led by Valar Ventures with participation from partners of DST Global. Bitpanda had also previously secured $52 million during its Series A from Valar Ventures. The Series B was signed last week and...

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FX Daily, May 20: Politics Overshadows Economics Today, but Japan’s Economy Unexpectedly Expanded in Q1

2019-05-20

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2019-05-20

Encouraged by the election results, investors bid up Indian and Australian currencies and equities. Japan offered a pleasant surprise by reporting the world's third-largest economy expanded in Q1. Most other equity markets in Asia fell, and European stocks have the week with small losses.

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In surprise move, Central Bank of Hungary announces 10-fold jump in its gold reserves

2018-10-18

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2018-10-18

Hungary's new Gold Bars
In one of the most profound developments in the central bank gold market for a long time, the Hungarian National Bank, Hungary’s central bank, has just announced a 10 fold jump in its monetary gold holdings. The central bank, known as Magyar Nemzeti Bank (MNB) in Hungarian, made the announcement in Budapest, Hungary’s capital.

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Distinct Lack of Good Faith, Part ??

2017-10-21

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2017-10-21

European Growth Baseline, Jan 1995 - 2017
It was a busy weekend in retrospect, starting with Janet Yellen and other central bankers uncomfortably facing a global media that has become (for once) increasingly unconvinced. Reporters, really, don’t have much choice. The Federal Reserve Chairman might not be aware of just how much she has used the “transitory” qualifier since 2015, but others can’t be helped from noticing.

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FX Daily, December 05: Dollar Comes Back Bid, but Still Vulnerable to Corrective Pressures

2016-12-05

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2016-12-05

FX Performance, December 05 2016 Movers and Shakers
After softening ahead of the weekend, the US dollar has begun the new week on a firm note. It is gaining against most major and emerging market currencies. Outside of what appears to be a staged call between US President Elect Trump and the Taiwanese President, the developments in Europe grabbed the markets' attention. Austria turned back the populist right Freedom Party's bid for the presidency. The Freedom Party does not appear to have carried...

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FX Weekly Preview: Focus Shifts toward Europe

2016-12-05

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2016-12-05

Economic Events: Eurozone, Week December 05
US developments have driven the dollar rally and bond market decline over the past three weeks. Attention shifts to European politics and the ECB meeting. Bank of Canada and the Reserve Bank of Australia meet but are unlikely to change policy.

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Cool Video: Bloomberg TV-Italy and Austria this Weekend

2016-12-02

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2016-12-02

Marc Chandler
I was on Bloomberg Television with Joe Wisenthal this afternoon. I explain what I have been suggesting for the past couple of weeks, namely that the Austrian presidential election this weekend is the third point in the populist-nationalist wave, not Italy.

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Austrian Presidential Election is Important even if Overshadowed by Italy’s Referendum

2016-11-30

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2016-11-30

Austria
Italy's referendum defeat is not simply a victory for populist-nationalist forces. Freedom Party victory in Austria is a victory for said forces. Even if Hofer wins, there are sufficient checks that make it difficult to hold EU or EMU referendum.

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