FinTech

Over $400 billion has been wiped off the value of Europe's tech industry this year

Over $400 billion has been wiped off the value of Europe’s tech industry this year

Leave a Comment / Business / By

The Klarna logo displayed on a smartphone. Raphael Henrique | SOPA Pictures | Light Rocket via Getty Images Europe’s tech industry has lost more than $400 billion this year, according to venture capital firm Atomico. The combined value of all public and private European tech companies fell to $2.7 trillion from a high of $3.1 …

Over $400 billion has been wiped off the value of Europe’s tech industry this year Read More »

Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: "The Dam Is About To Burst"

Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: “The Dam Is About To Burst”

Leave a Comment / Business / By

Tim Draper, Founder of Draper Associates, on stage at the Web Summit 2022 technology conference. Ben McShane | Sports file via Getty Images Venture capitalist Tim Draper thinks bitcoins will hit $250,000 a coin by mid-2023, even after a killer year for the cryptocurrency marked by industry failures and falling prices. Draper had previously predicted …

Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: “The Dam Is About To Burst” Read More »

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

Leave a Comment / Business / By

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

European Central Bank Says Bitcoin Is On “Road To Irrelevance” Read More »

DCG's Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

DCG’s Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

Leave a Comment / Business / By

Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in an attempt to calm investors’ nerves after the sudden collapse of FTX. In a note to shareholders Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale …

DCG’s Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX Read More »