Crypto news

Press Release ISTANBUL, Oct. 22, 2019The first-ever Eurasia Blockchain Summit, hosted by Huobi Group and Kemer Partners, was held last weekend and hosted a medley of local and overseas representatives to talk about a “blockchain revolution” already taking place in the region. 1,400+ attendees and 70+ speakers from leading blockchain companies, Turkish Government and banking sectors, startups, and media joined the discussion. The two-day event saw major companies disclose ambitions to...

Photo: Philip Taylor / FlickrIn what seems to be one of the biggest challenges to online payment processors such as Paypal, Apple Pay and a whole host of others, the biggest guns in credit card processing have decided to team up and implement their own single button-based checkout process. American Express, Visa, Mastercard, and Discover have decided to join forces to make checkout easier for consumers.Based on what the card industry refers to as Secure Remote Commerce (SRC) which is a...

U.S.-based aircraft maker – Gulfstream Aerospace – is all set to take the competition higher with its rival Bombardier. On Monday, October 21, Gulfstream unveiled its long-range luxurious G700 aircraft, an upgrade to its previous G650. Gulfstream unveiled this aircraft at the National Business Aviation Association’s (NBAA) annual corporate aircraft show in Las Vegas.With the Gulfstream G650, the company enjoyed its dominant position for some time in the business jets segment, until Bombardier...

A potential global financial crisis has certainly been a hot topic for a while now. Predictions have been made by many businesses, and another one recently came from the McKinsey & Co. consultancy. The company reported that most of the world’s banks are not prepared to survive a potential downturn.Banks Are Not Ready?McKinsey’s annual review of the financial industry says that we have entered the late phase of an economic cycle.A significant decrease is experienced in the growth volume...

Peter Schiff is not afraid to make extremely bearish calls on bitcoin. It appears that the chairman of SchiffGold sees the cryptocurrency as a competitor of gold. Recently, the gold bug took to Twitter to share his gloom and doom prediction on bitcoin. Schiff sees a monumental bitcoin collapse | Source: TwitterThe Crypto Twitter (CT) community was quick to respond to Schiff’s ultra bearish stance. One that caught our attention was from bitcoin bull Rampage. The trader contrasted the...

Canada-based Luge Capital has recently secured fresh funding for its fintech-focused venture capital (VC) fund. Luge recently secured $10 million funding from iA Financial Group and BDC Capital which takes its fund value to $85 million. iA Financial Group is Canada’s giant financial services company with over $187 billion of assets under management. On the other hand, BDC Capital manages over $3 billion in funds as AUM.Headquartered in Toronto and Montreal, Luge Capital invests in early-stage...

Veteran United States investor, writer, and Entrepreneur Rob Arnott has come out in favor of the American major technology stocks again as being in a bubble even as he lashes out at Bitcoin. He made his thoughts known to the Financial Times in an exclusive while defending the position of including Microsoft in the popular acronym FANMAG which he says is the new direction of technology stocks rather than FAANG.FAANG which is a play on technology companies Facebook, Apple, Amazon, Netflix and...

This year, Pacific Gas & Electric (PG&E), an American company that provides natural gas and electric service to approximately 16 million people throughout a 70,000-square mile service area in northern and central California, declared their bankruptcy and admitted their blame on a number of forest fires and problems with power.Recently, during the California Public Utilities Commission meeting, the company’s CEO Bill Johnson stated that California can expect blackouts for the next...

XRP saw a slight increase of around 1.59% over the past 24 hours and it currently trades at $0.2956. XRP has been back on the rise since the start of October as it managed to surge by a total of around 20%. This is perhaps largely attributed to the fact that XRP has been making some strong progress against BTC after being able to reverse at 2455 SAT and climb as high as 3739 SAT. XRP remains the third-largest cryptocurrency with a market cap of $12.83 billion.Looking at the XRP/USD 1-Day...

Revolut Ltd, the financial technology and financial institution based in London, has entered an official partnership with Mastercard which will see the card giant handling all of Revolut’s debit cards when it launches in the United States before the year runs out.According to an official press release, MasterCard will not only handle Revolut’s cards in the U.S., but will also run at least 50 percent of all Revolut cards in all of Europe, including existing and future cards. Reportedly, this...