Xi Jinping's major economic meeting has recently attracted attention. Indeed, Chinese leaders seem to be preparing for a slowdown in growth while reaffirming their commitment to "high-quality development." But what does this statement really mean and what impacts can we anticipate for the global economy? Let’s dive into the details of this meeting and explore the potential ramifications of this strategy for China's economic future.
FTX: the financial miracle that promises to repay more than it owes!
The 3rd largest economy in terms of GDP is on the brink of collapse with a colossal debt and a free-falling currency. If the trend continues, the problems will be terrible for the entire world...
Crypto: Should you flee or remain loyal to the KuCoin platform: between serious accusations and assurances from the CEO.
Bitcoin, the venerable pioneer, is facing a new challenge. Denial of Service (DoS) attacks, orchestrated, according to some, by young anime fans, and the threat of more sophisticated manipulations threaten the stability of the blockchain. But that's not all: a surge in transaction fees and a drop in prices are shaking the market. Let's take a closer look at this phenomenon.
The crypto speculative fever around GameFi has abruptly subsided, leaving behind a devastated landscape littered with abandoned projects. A recent study reveals that between 2018 and 2023, no less than 75.5% of GameFi initiatives have gone bankrupt. Of the 2,817 games launched, 2,127 did not survive more than a year.
Bitcoin has never ceased to fascinate, intrigue, or even perplex. Its ecosystem is vast and complex. The recent decision by the main developer of the Lightning Network, Antoine Riard, to reveal a vulnerability and step down sheds a harsh light on the challenges and dilemmas of this universe. Let's delve deeper into it.
The Terra storm heavily impacted the Bitcoin price and several crypto projects, including Celsius Network. In July 2022, the crypto lender formerly led by Alex Mashinsky declared bankruptcy, with a balance sheet burdened by over $4.7 billion in debt to its users. However, the Celsius team remained resilient during these challenging times. Recently, the bankruptcy court gave the green light for the execution of the financial restructuring plan for this crypto company. To top it off, Celsius acquired a Bitcoin mining site in Texas.
There will be some rumblings in the crypto industry in the next few days. Because if approved, FTX will liquidate a large number of its digital assets. There's talk of a plan to sell $200 million in cryptocurrencies. Something to keep an eye on!
Cryptocurrency, the symbol of a modern financial revolution, is regularly rocked by events that raise questions about its stability. Today, it's Huobi and Tron, two giants of this industry, who find themselves in the spotlight for troubling reasons.
PacWest Bancorp's last resort: to beg its youngest son? Yes, because the company never recovered from its crisis. After a massive outflow of depositors, things got so bad that it agreed to a merger with a smaller lender, Banc of California.
Following the bankruptcy of Silicon Valley Bank (SVB), which created shockwaves in the banking industry, numerous institutions began to feel the effects of this collapse. This is particularly the case for First Republic bank, which is going through a period of crisis and getting closer to the edge of the precipice day by day. Is the banking carnage just beginning in America?