Markets

Although the stock market has been hitting new highs, analysts have warned investors to stay cautious during these times. Otavio Costa, an analyst at Crescat Capital said that it is the ideal time for investors to buy and accumulate gold.In an in-depth analysis, Costa explained that the Treasury Yield Curve spreads have moved past the critical 70% threshold. Citing historical patterns, Costa advises investors to liquidate their stocks and instead buy gold for the next two years.History...

Normally, this ongoing drop in prices, which comes only a month after a 42% expansion in a day, pushed the bulls to their limit. An eminent Twitter trader, Bitlord, said he had left the Bitcoin business due to the ongoing tumult in the market, denoting an indication of capitulation.Over the past day, the Bitcoin bulls have finally been granted a reprieve, with the BTC going from a weekly minimum of $6,526 to $7,378.13, which represents a massive increase of more than 10%. With this reprieve...

Last year, the U.K. payment remittance platform TransferGo, announced that it had entered a partnership with Ripple and joined RippleNet, with a focus of helping Indian migrants in the U.K. make cross-border payments back to their families. However, the company has now announced that it will take the relationship a notch higher, and move its business to Ripple’s On-Demand Liquidity (ODL) which uses XRP.Speaking about the move, CEO Daumantas Dvilinskas has suggested that ODL will shoot the...

MiddleGame Ventures (MGV) that is a fintech-focused investment company announced on Monday that it had managed to raise assets for the new fund aimed at providing support to startups in Europe and North America.As per the announcement, MGV’s Venture Fund I reached its first close with the last target size attaining $165 million.The fund is going to enter into partnerships with both B2B and B2B2C startups and, of course, it will invest in them. The main goal is to get the transformation of...

Shares of Chinese e-commerce giant Alibaba saw a great launch in Hong Kong on Tuesday, after pricing its shares at 176 Hong Kong dollars (approx. $22.5) apiece. This is the biggest listing this year so far, larger than the approximately $8 billion raised by Uber in May. This also came as an excellent boost for the Hong Kong market which had problems since the pro-democracy protests escalated in recent weeks. Alibaba trades under the stock code 9988 in Hong Kong. Nine and eight are considered...

Fintech startup Ualá which is a finance app that helps people with all things financial has just finished its Series C funding to the tune of $150 million. This round was led by Tencent and Softbank’s Innovation Fund which has as its specific aim the Mercursour region. The app functions very much like Monzo, Nubank and Revolut but this time the focus of this app is on the Argentine market without the trappings and requirements of financial institutions and regulations. With its CEO Pierpaolo...

The co-founder of Ethereum, Vitalik Buterin, recently responded to a few verbal attacks on social media. Some influential people within the cryptocurrency community expressed their opinions against Vitalik’s views, and he took the chance to respond.Vitalik Buterin Taken Under AimVitalik Buterin is a well-known figure within the community as the co-founder of the second-largest cryptocurrency by market cap Ethereum.However, a few influential cryptocurrency proponents disagree with his recent...

Financial services company MoneyGram International Inc. announced on Monday that a provider of leading enterprise blockchain solutions for global payments Ripple Labs, completed its final $20 million investment in MoneyGram equity consistent to its primarily $50 million equity investment commitment that the company made earlier this year.The price of share Ripple paid was $4.10 that seems to be pretty much higher than MoneyGram’s current price on the market. As per the announcement, the...

The Crypto Fear and Greed Index hit its lowest value in months. The recent decline in prices took the market into “extreme fear.” The market tends to flourish in difficult circumstances. The Crypto Fear and Greed Index (CFGI) recently plummeted to its lowest value in months, signaling “extreme” levels of “fear” in the industry. The move comes after bitcoin dropped below $7,000, which brought out some of the most prominent crypto critics to spread fear, uncertainty, and doubt...

Die Trading-Begeisterung musste wie der Bitcoin-Kurs einige Verluste einstecken. So scheint der November nicht viel Optimismus übrig zu lassen, nachdem das digitale Gold an einem Tag knapp 600 USD ausgelöscht hat. Die Korrektur vertiefte sich dabei auf 7’200 USD. Schiff: Bitcoin-Prognose bleibt hartnäckig bei 1’000 USD Gold-Befürworter Peter Schiff betrachtet den Kurscrash von Bitcoin als Bedrohung....