Cryptocurreny News

‘Slo-Mo Credit Crunch’ Has Already Taken Hold, Bond Guru Says

Stock market selloffs, volatility blow-ups, collapsing crypto currencies. They’re all the symptoms of an unfolding global credit squeeze, according to famed HSBC Holdings Plc bond guru Steven Major. It just happens to be developing at a snail’s pace.Major and his team see what they call a “long list” of selloffs in risk market across the world as evidence of the disruption wrought by tighter dollar liquidity. In response they’ve slashed their forecast for bund yields, turned more bearish on credit and become even more cautious on emerging-market debt.“Market participants are typically looking for validation of a forecast from cyclical data or one-off events but the reality can be different,” the bank’s global head of fixed-income research wrote in a note on Wednesday. “We appear to be in the midst of a slow-motion credit crunch.”

Is QuarkChain the long awaited Ethereum Killer?

QuarkChain (QKC) is one among the latest players among blockchain which has the vision of creating a secure and immensely scalable blockchain, with the potential to manage 100,000 transactions per second, with the help of a dual layer blockchain system….

Bitcoin Hater George Soros Finally Admits He Wants In On Crypto :: The Market Oracle ::

America’s favorite power broker, the evil bloated Ringwraith himself, George Soros, is now poised to invest in cryptocurrency, despite trashing Bitcoin just a few months ago.

In addition to calling Bitcoin a “bubble”, Soros ironically stated that digital currencies are a tool for dictators:

As long as you have dictatorships on the rise, you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad.