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On January 15, CICC Research Report stated that under the neutral scenario, due to the huge amount of gold reserves that Asian central banks need to replenish, and the more complicated global situation after Trump took office, and the declining credibility of the US dollar system, we expect the central banks gold purchase speed to at least remain the same, that is, to maintain at around 1,000 tons/year. For US debt, we use the forecast results of the US Federal Budget Committee (CRFB) under the baseline scenario, and the US fiscal deficit will increase by about US$7.5 trillion in the next 10 years. We also assume that Trump will not cause inflation to get out of control, and CPI will stabilize at 3% in the future, fitting the gold price to rise to US$3,300/ounce in the next decade. Under the aggressive scenario, it is assumed that the Asian central bank wants to replenish its gold reserves faster and accelerate gold purchases to 1,500 tons/year (the central banks gold purchases too quickly may raise the gold price and increase the cost of gold purchases. We do not make excessive assumptions about the pace of central bank gold purchases). In terms of fiscal policy, we assume that Trump will significantly expand fiscal policy, reaching the upper limit of CRFBs forecast, that is, an additional increase of about $15 trillion in the US fiscal deficit. At the same time, we adopt PIIEs forecast of the inflation path for Trumps impact, that is, inflation will first rise to 9% and then drop to 3%, and calculate that the value center of gold in the next ten years will rise to $5,000/ounce. CICC recommends maintaining an overweight position in gold, moderately downplaying the short-term trading value of gold, and focusing on the long-term allocation value of gold.Japans broad money liquidity annual rate was 3.7% in December, compared with 3.2% in the previous month.Japans M3 money supply annual rate in December was 0.8%, compared with 0.70% in the previous month.Japans M2 money supply annual rate in December was 1.3%, compared with 1.20% in the previous month.South Koreas unemployment rate was 3.7% in December, in line with expectations of 2.9% and the previous value of 2.70%.

Robinhood To Buy London Based Crypto App as Part of Europe Expansion

Cory Russell

Apr 21, 2022 09:49


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The London-based fintech startup Ziglu is scheduled to be purchased by Robinhood.


Robinhood will grow into the United Kingdom and Europe thanks to Ziglu's crypto capabilities.

After listing Shiba Inu, Solana, and other assets on its platform, Robinhood has made its second significant announcement.


Robinhood sprang to popularity after the GameStop fiasco, but it has since made a reputation for itself in the cryptocurrency area with its cryptocurrency exchange Robinhood Crypto.


As a result, the corporation is now concentrating on merely capitalizing on the current momentum with its actions.

Robinhood Comes to the UK

According to CNBC, Robinhood completed the acquisition of Ziglu, a fintech company located in London that offers crypto trading services for Bitcoin and other cryptocurrencies, yesterday.


This agreement will be critical to Robinhood's efforts to extend its footprint in the United Kingdom and Europe, which the company has been eyeing for some time.


Robinhood was planning to take over these regions two years ago, but had to abandon its ambitions due to a lack of funding, claiming the need to focus on its domestic business rather than growing internationally.


This transaction will be very beneficial to the platform, which has seen a continuous fall in monthly active users in the fourth quarter of 2021, losing over 1.3 million members in only three months.


"Together with the Ziglu team, we'll seek to use the best of both businesses, finding new ways to innovate and break down barriers for clients throughout the UK and Europe," stated Vlad Tenev, CEO of Robinhood, in response to the loss of market share and the possibilities of the new arrangement.

Robinhood's Crypto Attempts

Robinhood's announcement of integrating Shiba Inu, Solana, Compound, and Polygon's tokens to Robinhood Crypto. Ziglu's acquisition is the second most major move made by Robinhood this month.


A few days later, CEO Tenev was quoted as declaring that Dogecoin may become the "Currency of the Internet," claiming that the coin's inflation rate is much lower than that of the USD (Dollar), and that it can attain that position by cutting costs and boosting the number of transactions per second.


As a result, it seems that Robinhood will continue to grow until it becomes a key crypto market participant on a global scale.

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