Markets

New analysis from Goldman Sachs says America’s largest companies could spend more than $2.7 trillion of cash next year.The report predicts that cash spending will rise by around 2% in the next year amid a rise in growth investments.The bank however claims that there will be a 6% decline in spending by S&P 500 companies this year. This shrinking comes because of the 20% slump in cash acquisition spending and a 15% decrease in stock buybacks.Still, Goldman experts believe companies in the...

ADA price struggled to surpass the $0.0400 resistance and decline recently against the US Dollar.The price is currently declining and is trading near the key $0.0375 support area.There is a major bearish trend line forming with resistance near $0.0395 on the 4-hours chart (data feed via Kraken).The price could continue to move down below $0.0375 and $0.0360 in the coming sessions.Cardano price is trading with a bearish bias against the US Dollar and bitcoin. ADA price could revisit the...

“I wanna be a billionaire so fuckin’ badBuy all of the things I never hadI wanna be on the cover of Forbes magazineSmiling next to Oprah and the Queen”That’s the words of Bruno Mars’ song ‘Billionaire” that almost everyone (in this version or his own) has in his head at some time in life. Unfortunately, a billion dollars, or even a million – is pretty hard to get. However, there is a way to get close to the dream.John (just John, no surname shared), the owner of personal-finance blog ESI...

Over the past two days and following the nice $400 price jump, Bitcoin couldn’t gain enough momentum and failed in breaking its next significant level, as stated in our previous analysis, precisely at $8400.This resulted in a devastating plunge below the $8000 level. Straight to our mentioned $7920 level (remember this from last week’s reports?). So basically, the coin is still ‘stuck’ at the same range around the $8000 mark. But now, there is another threat.A forming Head and Shoulders...

Bitcoin price failed to surpass $8,350 and $8,400 resistance levels against the US Dollar.The price is currently declining and it is trading below the $8,080 and $8,000 support levels.There is a major bearish trend line forming with resistance near $8,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower and it might revisit the $7,800 and $7,700 support levels.Bitcoin price is trading with a bearish bias below $8,350 against the US...

Ethereum needs all the help it can get these days, and with the addition of researcher Justin Drake at TechCrunch Disrupt Berlin, it just might garner the appeal it so desperately needs.Ethereum Needs Some Good PREthereum is the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin. It also boasts smart contract capabilities, which makes it one of the most popular blockchains for building new tokens and applications. Unfortunately, this popularity has...

Is it possible that altcoins could potentially disappear forever?Altcoins Don’t Have the Same Appeal They Once DidWhile they may not vanish into thin air, Adam Back – the CEO of Block Stream and the co-author of a bitcoin sidechains whitepaper – claims that the presence and stamina of presence bitcoin sidechains could lower interest in altcoins altogether, thereby making their appeal virtually non-existent.As it stands, currencies like Ethereum (ETH), Ripple’s XRP, EOS (EOS), and Litecoin...

Bitcoin continues to lose ground, and the price has remained in the range into which it fell at the end of September when the last sharp correction occurred. It didn’t scare the market away, and money has continued to flow into altcoins which are starting to see a change in the trend. The altcoin market is showing positive signs, but we still don’t expect an “altcoin season” anytime soon.This week, the 18 millionth bitcoin was mined, and the halving is just around the corner. It will be...

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...

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...