Crypto news

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...

In November last year, Blizzard Entertainment announced the Diablo Immortal, the fourth installment in the Diablo game series. The release was however met with heavy disappointment from thousands of game fans who agreed that the game generally failed to meet expectations.Since then, fans of the game series had been waiting and effectively whetting their own appetites, in anticipation for Diablo 4. It was expected that the BlizzCon 2019, Blizzard’s annual gaming convention which is just a few...

Credit Suisse Report: Niemand häuft Vermögen an wie die Schweizer Welches Land ist durchschnittlich am reichsten? Diese Frage lässt sich nun dank einem neuen Bericht der Schweizer Bank Credit Suisse beantworten. Seit nun bald zehn Jahren veröffentlicht die Grossbank jährlich den sogenannten Global Wealth Report, in dem der weltweite Reichtum analysiert wird. Vermögen wächst...

Volatility always exists in the crypto markets. After Bitcoin reached its all-time highs in December 2017, what followed was a persistent bear market. However, the bearish trend seemed to have come to an end when Bitcoin surged from $3,500 to over $13,000 in a few months. The bulls lost momentum with the flagship cryptocurrency heading south over the past three months.Although Bitcoin is struggling to stay above $8,000, one quant analyst called PlanB on Medium believes that the token will...