XRP volcano going to blow soon, bestselling author Bryant McGill believes
Bryant McGill, bestselling author and social entrepreneur, has taken to Twitter to reiterate his bullish stance on XRP. Back on Sept. 4, McGill wrote that he expects the XRP and Ripple "volcano" to start blowing up sometime soon. Yesterday, the author replied to his own tweet with “Like I said…” showing that his forecast is slowly but surely coming true. McGill has every right to stand behind his words as the price of XRP is striving to rise on the news of Ripple scoring wins against the SEC in court. Last week, District Court Judge Analise Torres ordered the SEC to produce documents related to William Hinman. At the moment, XRP is trading at $0.473, up 5% over the past 24 hours.
Lehman Brothers 2.0 situation may cause another catastrophe on crypto and financial markets
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Credit Suisse, one of the biggest investment banks in the world, could be dangerously close to causing a massive crash on the markets. Recently, ABC Australia shared a post about a major financial bank being on the brink of a default. The news outlet did not mention the name of the bank, but financial experts and economists suspected that it could be Credit Suisse, since its stock plunged by more than 60% through the year and tumbled from almost $10 to $3.95. Besides, the cost of the bank's credit default swaps has skyrocketed, reaching the highest level since the 2008 market crash. The default of such a major bank will surely cause turbulence in high-risk markets, including the crypto market.
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