Posts

LendingClub — The Fast Growth FinTech You Didn’t See Coming

Image
  LendingClub (LC) has become a boon for borrowers as well as investors and has turned into a viable option in comparison to loans from banks. Let us look at reasons behind its fast growth. In the early days I used to get 20%+ returns annually from trading LendingClub notes. That rate of return has fallen but I still believe in LendingClub.com. I even still have the monthly statements to prove it. Also, LendingClub has extremely powerful network effects. LendingClub and Its Utility for Borrowers and Investors LendingClub is operating a unique credit marketplace which allows peer to peer lending as well as investing. Due to machine learning, crowd consensus and other mechanisms, LendingClub typically provides lower rates in comparison to what banks offer. For instance, in a recent interview with Bloomberg, LendingClub CEO Scott Sanborn states that customers save on average 24% interest, when borrowing with LendingClub. Lower Operating Costs Then Banks LC is able to provide lower int...
Post a Comment
Read more

What are the Main Drivers Behind Positive Bitcoin Cash Movement?

Image
Bitcoin Cash (BCH aka BCC) has been the focus of discussion for many cryptocurrency experts and there are valid reasons for such inquiry. Bitcoin Cash is experiencing significant growth and moving in the right direction right from when the main Bitcoin blockchain hard forked. Let us go through details of how it is performing and also check the reasons which are fueling such positive movement. Rising Bitcoin Cash Prices Yesterday, there has been over 18% improvement in exchange rate (BCH/USD) from the low to the high, helping Bitcoin Cash attain $550.00 level with a network cap of about $9.1 billion. As such, it has reached the top 3rd position of cryptocurrencies by their network cap. I use network cap rather then market cap because it is not an equity and does not have earnings. What is causing the price rise for Bitcoin Cash? There are several reasons for such a price rise, let us look at them here: The most important reason is that there has been a surge in trading volume taking pla...
Post a Comment
Read more

A Closer Look into (MGTI) — A Publicly Traded Bitcoin Mining Company

(MGTI) also known as  MGT Capital Investments Inc.   is engaged in acquiring and developing a diverse portfolio of cyber security technologies. What strikes me as the most interesting thing about the company is its Bitcoin/Ethereum Mining operation. Read more about MGTI on Medium . Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this post, and thank you for reading!
Post a Comment
Read more

The BAT Rises – Basic Attention Token

Basic Attention Token (BAT) is a new distributed token of utility being utilized in conjunction with the recently debuted Brave browser . The team behind BAT, which relies on the Ethereum network, was founded by Brendan Eich, the father of Javascript as well as co-founder of Mozilla and Firefox. The article is no longer available. Interested in learning more? Explore our  Connecticut SEO Agency  and delve into our  Bitcoin Blogspot  for a wealth of free, original content. Don't miss out—share this post, and thank you for reading!
Post a Comment
Read more