We’ve seen some major changes within the fintech space in 2023. As we look ahead to the new year, I believe several key trends will shape the landscape of this thriving industry throughout 2024. Making 2024 a landmark year for the sector. Let’s look at my six predictions for fintech in 2024, as quoted by Financial Mirror, Bitcoin Insider, Tech Channel News, Small Business Connections, and My Startup World, amongst other media.
First, the ongoing rise of crypto.
Over the Read More
Constantly juggling responsibilities, time zones, and high-stakes decisions can easily lead to fatigue and burnout. However, with a few strategic practices, pushing through tiredness and sustaining peak performance is possible.
Here are some personal tips and practical recommendations:
Adequate sleep is the foundation of sustained energy and mental acuity. Despite a hectic schedule, prioritise getting a consistent quality sleep each night.
The Read More
Bitcoin's Surging Fortunes Amid Industry Turbulence
Bitcoin exceeding the $40,000 mark is because, not despite, the recent scandals are removing the bad actors from the market.
On Monday, the world’s largest crypto hit a high of $41,700, a level not seen since April 2022. On Tuesday, Bitcoin reached $44,011, according to Cointelegraph Markets Pro and TradingView data. This takes BTC’s week-to-date gains to 10%.
In November, Binance founder Changpeng Zhao, better Read More
The lawsuit against football icon Cristiano Ronaldo for promoting the Binance crypto exchange highlights the lack of a comprehensive regulatory framework for the burgeoning crypto market.
A group of five crypto investors are suing Ronaldo in a US District Court in Florida. They claim he “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”
Naturally, my sympathies go to those investors who have Read More
The dollar will likely consistently weaken next year as the Federal Reserve ends its aggressive interest rate hiking agenda.
According to reports, asset managers are selling the greenback at the fastest pace in a year.
So, the Big Dollar Sell-Off is go.
As I was quoted by Yahoo Finance, Newsmax, Advisorpedia, Mena FN, Business Insider, Investor Ideas, US Today, The Exchange Africa, Oman Observer, and Emerging Markets, among other media, we forecast this trend Read More
UK Chancellor Jeremy Hunt delivered the Autumn Statement 2023 on Wednesday in the House of Commons, which I believe is lukewarm and insufficient to shift the Conservatives’ political narrative.
This was Hunt’s key opportunity outside of the Budget to unveil tax and spending announcements, and considering Labour are 20 points in front in the polls, it was one of the last chances for the government to change the narrative for the Tories before the general Read More
Changpeng Zhao, or CZ, as he's known, will cause short-term volatility within the crypto market with his departure from Binance. Still, it will continue to flourish as institutional money flows in.
On Tuesday, CZ pleaded guilty to money laundering violations. He agreed to paying a $50 million fine and stepping down from his position as the company’s CEO.
According to federal authorities, Binance has also pleaded guilty. It agreed to pay as much as $4.3 billion in fines Read More
deVere has recently carried out a new survey, revealing over three-quarters of under-40s would rather have Bitcoin than gold in their investment mix.
Indeed, 77% of clients under 40 would choose to have the world’s largest cryptocurrency over gold in their portfolios to build their long-term wealth opportunities, highlighting a major shift in the investment landscape.
The younger generations now believe that Bitcoin is a more dynamic and possibly Read More
Oil prices will rise further, impacting both the global economy and investors, should US President Biden not alleviate the rising Middle East tensions during his visit to the region.
Just yesterday morning, an Israeli air raid struck a Gaza City hospital. At least 500 people were killed, according to health authorities.
President Biden is now in Israel - Washington's closest ally in the Middle East - for a high-stakes visit with regional Read More
Second Round: Setback for Jim Jordan in House Speaker Bid
The second round of voting will start later today (Wednesday, October 19) to name the new US House of Representatives Speaker.
As Trump ally, Republican Jim Jordan lost the initial vote to become House Speaker on Tuesday. A second vote is now planned at 11:00 (15:00 GMT) on Wednesday.
Jordan, who believed he would win the 217 votes required to secure the speakership, came up against Read More
Rational Responses Amidst Soaring Oil Prices and Regional Tensions
Although oil prices surged by 5% following the unexpected attack by Hamas on Israel over the weekend, investors should avoid knee-jerk reactions.
Last Saturday, Palestinian Islamist group Hamas launched the largest military assault on Israel in decades. Hundreds of Israelis were killed starting off a wave of retaliatory Israeli air strikes on the Gaza Strip.
At the time of writing, Read More
FTX Founder's Trial: A Year After Collapse
The trial of the collapsed FTX crypto exchange founder, Sam Bankman-Fried, is now underway in Manhattan. Almost a year after its collapse following an alleged fraud totalling $8 billion.
The 31-year-old, known as SBF, will face a jury on accusations he embezzled from FTX clients to support his hedge fund Alameda Research. This alongside purchasing luxury properties and donating over $100 million to political candidates in the Read More