• A big Morgan Stanley report shows how bitcoin is in danger of becoming a victim of its own success

    Bitcoin has had a rough start to the year, but a note from Morgan Stanley shows there are issues surrounding the coin aside from slumping prices. 
    The bank argued institutional money pouring into bitcoin could reduce its usefulness as an asset.
    Further, the cryptocurrency's energy consumption presents a problem. 
    The number of people using credit cards to buy bitcoin is another issue. Bitcoin is in danger of becoming a victim of its own success.
    That's according to a big note by M
  • There are 2 reasons the stock meltdown is different from past ones

    The market has been caught off guard by the ongoing stock market sell-off, which feels a lot different from past instances.
    Goldman Sachs and Morgan Stanley have been shocked at how quickly equities have sold off and have also bemoaned the lack of alternative options.If you're staring at the red on your computer screen, thinking this market bloodbath feels different from past instances, you may be onto something.
    For one, the sheer speed and intensity of the drop have left some experts shaking t
  • A Wikipedia rival just landed $30 million from crypto investor Mike Novogratz

    A Wikipedia rival just landed $30 million in an equity deal, partially funded by Mike Novogratz's new crypto merchant bank. 
    Everipedia is moving onto the blockchain to create a crypto-twist of Wikipedia. A Wikipedia competitor that is moving onto the blockchain just landed $30 million in funding in an equity deal involving a number of investors, including a fund overseen by Mike Novogratz's new merchant bank Galaxy Digital.
    Everipedia, founded in 2015, will use the money to fund a blo
  • GOLDMAN SACHS: Here are the 3 areas of the stock market to buy following the meltdown

    Goldman Sachs still sees opportunities in the equity market following the major stock selloff that has thrown investors for a loop over the past few days.
    The firm notes that the stock decline broke the S&P 500's 404-day stretch without a 5% drawdown, breaking the longest such streak in 90 years.Following the massive two-day stock meltdown, your first instinct might be to stay far, far away from the equity market.
    Goldman Sachs disagrees. It argues that, if anything, the temporary weakness c
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