Tag Archives: News

Important changes have come to Credit Suisse. Tidjane Thiam will be stepping down next week from his position as CEO following a long-drawn surveillance scandal.Credit Suisse AG CEO Tidjane Thiam will no longer serve the firm as from Friday the 14th of February. The development was brought to light through an official press release from the financial services company published earlier today.Credit Suisse CEO DepartsAccording to the statement, the board of directors unanimously accepted...

There are new reports that bitcoin is about to hit the $11,000 mark. According to Rob Sluymer – an analyst with Fundstrat – the currency is on the verge of adding nearly $2,000 to its growing price.Fundstrat Is At It AgainFundstrat is no stranger to wily bitcoin price predictions. The analysis firm boasts the presence of Tom Lee, a leading individual with the organization that has made a real name for himself over the past two years predicting that bitcoin will move up in spades – and usually...

The Google Play Store might be getting some competition from Chinese giants including Huawei and Xiaomi as they create a new platform. This announcement hasn’t had any negative influence on GOOGL stock.In many sectors all over the world, a few heavy hitters are known to ensure an undesired level of dominance. For most of them, other potential competitors almost don’t stand a chance. However, there’s a chance that efforts from China are taking on the dominance that Google holds, especially...

As we all know, bitcoin is doing quite well at the time of writing. It has shot up past the $9,700 mark and is reaching its highest levels in approximately four months.Bitcoin Isn’t Looking as Good as Other CoinsAnd yet, according to one source, all other altcoins are doing better than BTC and putting it to shame. Even though the world’s number one cryptocurrency by market cap has shot up by nearly 40 percent this year, its smaller cousins are really adding steam to the crypto industry.One...

American social media giant Twitter has surprised many by beating the quarterly revenue estimate to clinch on $1 billion. TWTR stock also rose by 14% as the market opened after the report.Social media giant Twitter has broken the expectations among many by managing to pull in $1 billion in the quarterly revenue on Thursday. This report saw TWTR stock rise with a huge gap by the same day, not only that but also broke the downtrend which had dominated the market over the last year. This success...

The Ethereum-alike blockchain network from Axoni is under development and usage among Goldman Sachs and Citigroup members. Two banks conducted the first equity swap on a new blockchain.This is a milestone in the development of corporate blockchains. Citigroup has already conducted transactions with Goldman Sachs via the secretive blockchain. The first deal occurred on January 28.The blockchain solutions company Axoni launches a distributed ledger network. It was founded in 2013, gathered...

The next Ethereum system-wide upgrade, Eth 2.0, will not launch in Q2 2020 as scheduled, but developers are still confident that the original network parameters will deploy in 2020.The next Ethereum system-wide upgrade dubbed Ethereum 2.0 will be launched later than scheduled.In a particular Reddit discussion held on February 5, the Eth 2.0 team made several clarifications. The team said that the network would not launch until three clients can run testnets continuously for at least eight...

PawnHub enables a new way of monetizing an ever-expanding universe of Bitcoin assets, gives value to previously latent capital, unlocking the wealth within physical and social assets, and providing a new source of money creation.According to crypto lending platform PawnHub, the largest asset classes in the world (stock markets and residential real estate) are collectively worth $217 trillion, putting the global debt-to-asset ratio at 80%, when considering $244 trillion as the global debt.The...

As the Bitcoin 2020 halving approaches, a new and bullish forecast has put BTC price close to $16,00 before this highly-anticipated day.While there has never been a shortage of Bitcoin bulls, these extremely optimistic forecasts are always worthy of note whenever they are publicized. Recently, a popular crypto trader simply known as Filb Filb made a very interesting bitcoin forecast ahead of the upcoming 2020 halving.Halving or not the market is always awash with bullish predictions for...

In a quest to fund the Blue Origin project, Amazon CEO Jeff Bezos continued with his initial plan to sell shares. He has now sold $3.5 billion worth of shares in a week after AMZN stock jumped higher and the company joined the $1 trillion club.Amazon CEO Jeff Bezos has sold almost $3.5 Billion worth of Amazon’s (AMZN) shares in the last one week, in the quest to fund his aerospace project Blue Origin. According to filings from the Securities and Exchange Commission (SEC), Jeff sold slightly...