Manifesting Money

Fintech valuations are tanking

Asset manager Schroders has cut the value of its stake in financial "superapp" Revolut by 46%. What are the implications?

Some of Europe’s top fintech firms are starting to crumble as investors question their true valuation. Asset manager Schroders has cut the value of its stake in financial “superapp” Revolut by 46%, according to a filing on April 17 that threatens Revolut’s title as the UK’s most valuable fintech. The writedown suggests the London-headquartered firm is now valued at about $17.7bn (£14.2bn), which is substantially less than the $33bn it was valued at in a funding round last July. Revolut has been criticised for the late filing of accounts, EU regulatory breaches and corporate culture. It has also been waiting two years for regulators to approve its UK banking license. Schroders has also marked down its stake in Atom Bank by 31%. Meanwhile, Allianz is selling its stake in struggling fintech N26 at a heavily-reduced price, according to the Financial Times, while buy-now-pay-later firm Klarna has seen its valuation tumble from $45.6bn to $6.7bn.

Bitcoin wipes nearly a week of gains in 20 minutes, falling under $41K

The price of Bitcoin (BTC) briefly fell below $41,000 following a sudden 6.5% drawdown from $43,357 to as low as $40,659 in just 20 minutes at 2:15am on Dec. 11 (UTC).  At the time of publication, Bitcoin was trading slightly up from the local low at $41,960 per TradingView data.  According to data from CoinGlass the brief drop caused more than $271 million worth of long positions to be…

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Loba//Arms Dealer

BloodHound//Plague Doctor

Crypto//The Hired Gun

There has been almost two years of silence on GTA: San Andreas for Meta Quest, and even at Meta Connect 2023 there was no update. The post There is still no trace of GTA San Andreas VR for Meta Quest appeared first on MIXED Reality News.

#AR #VR #Metaverse

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When a popular Neo-Nazi webcomic made this pro-Bitcoin comic in December 2017, Bitcoin was at $19,650. It crashed almost immediately after this comic came out, leading me to make this image on the one-year anniversary of this comic

Bitcoin then became mega-popular, and I got a lot of Bitcoiners sending me smug asks. 

Today, Bitcoin fell below $19,650 again, having lost 70% of its value since November, so I get to make an updated graphic

If seeing that bubble comic made you buy bitcoin and you HODLed for five years, you’ve lost money.

Robert Kiyosaki Forecasts the Rise of Cryptocurrencies and Warns of Impending Economic Crisis

Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges. Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving event. Despite his claim that green energy initiatives negatively

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