Altcoins News
By Maheen Hernandez
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Viswanathan Shankar, CEO of Galaxy Partners, considers cryptocurrency as a highly risky investment.
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He further stated he would invest in African and Asian companies. Thus, providing for the needs of ordinary people.
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The CEO of Galaxy Partners is not concerned about the all-time highs achieved by the Bitcoin currency or all-time lows.
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Of note, he also previously warned about investing in space in the year 2017. In a recent interview, he added, “We are for biscuits, not Bitcoins.”
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Bitcoin being available at just a fraction of the price than in 2017 does not interest him. He sounded a lot like the anti-Bitcoin Warren Buffet.
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With several other influential personalities talking ill about cryptocurrencies several crypto ventures are struggling for funding.
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Some borrowers are not willing to sell their digital coins at a depressed price. Some investors are very interested in borrowing coins from those who are willing to sell…
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The cryptocurrency lending market is doing great during the bearish trends than during their good days.
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Michael Moro, the CEO of Genesis Capital in a telephonic interview, mentioned that in the current market the lending market is indeed being helped, he stated, "at least it has…
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Genesis was launched in a way to help institutional investors borrow virtual coins to deposit U.S. dollars. The company has already issued $700 million in loans.
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Genesis according to Moro has been profitable from day #1. It clients should be able to withdraw $1 million in cryptocurrency, they require them to deposit $1.
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Other companies accept collateral for cash loans making similar lending at higher buffer prices.
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When the collaterals decline in value, investors get a margin call that they holdings would be sold off soon.
The Currency Analytics
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