Bitcoin plunges further below $4,000 as cryptocurrencies face scrutiny from regulators November 25, 2018 Bitcoin faced another sharp fall today as the cryptocurrency heads for its worst weekly loss in five years. Bitcoin fell to a low of $3,474.73 today, its lowest level since September 2017, according to data from Luxembourg-based Bitcoin exchange Bitstamp. The sharp fall means bitcoin is on track to see its largest weekly drop since [...]
FTSE round up: Index drops on oil and mining share sell-off following fears of oversupply November 23, 2018 The FTSE 100 closed 0.14 per cent down this week after falling to 6,950.82, driven by a sell off in oil and mining shares. The biggest faller was silver and gold miner Fresnillo which saw a 6.98 per cent decrease to 746.4p as the company continued to feel the effects of being downgraded by Morgan Stanley [...]
Cryptocurrency slump continues as regulation threat bites November 23, 2018 Cryptocurrencies continue to decline today amid a toughening regulatory environment. The world’s largest cryptocurrency bitcoin has fallen by 3.51 per cent to $4,314.68, according to data from Coindesk, while Ethereum has dropped 6.47 per cent to $123.34. Bitcoin is trading almost 80 per cent down on this time last year, after falling below $5000 to [...]
Embattled budget airline Flybe’s shares take off as it confirms Virgin Atlantic talks November 23, 2018 Struggling low cost airline Flybe’s shares soared 23 per cent this morning as it confirmed reports that Virgin Atlantic is in talks to buy it. Billionaire Sir Richard Branson’s airline began talks to buy the company after the Exeter-based airline put itself up for sale earlier this month, Sky News reported last night. Shares later [...]
Brexit: UK economic outlook hinges on May selling deal November 22, 2018 | City Talk The deal is largely as we expected – but this is only the end of the beginning. UK’s negotiating power has been overestimated by many; the EU has dictated the terms of Brexit from the beginning. We believe that the risk of a no-deal Brexit will focus minds and lead to cross-party support for May’s [...]
DEBATE: As shares continue to tumble, could this be the beginning of the end for Apple? November 22, 2018 As shares continue to tumble, could this be the beginning of the end for Apple? Fiona Cincotta, senior market analyst at City Index, says YES. The easy money momentum trade on Apple looks to be well and truly over. As Apple heads into bear market territory and innovations are lacking, the future is looking less rosy for [...]
Decentralized Exchanges are the Solution to Hackings and Customer Privacy November 21, 2018 Cryptocurrency trading platforms, both centralized and decentralized, offer diverse features and varying levels of security for users. In a time when there is growing scepticism over the reliability of cryptocurrencies, it is more important than ever before to have a trustworthy, secure, and accessible exchange to trade digital assets. Most people do not understand that [...]
Given the upcoming Brexit hurdles, what’s in store for sterling? November 21, 2018 The long-awaited draft withdrawal agreement was unveiled last Wednesday, and for a fleeting moment, it felt like we were finally getting somewhere. News that Theresa May had reached a deal pushed the pound up a notch against the dollar. But, as is often the case with anything Brexit-related, optimism was short-lived. May’s deal was fiercely [...]
Whatever the CIA says, the west could turn a blind eye over Khashoggi’s murder November 21, 2018 The murder of Saudi journalist Jamal Khashoggi has put a strain on political and economic relations between Saudi Arabia and the west. On Sunday, word came that the CIA blamed Saudi Crown Prince Mohammed bin Salman for the murder, with sources close to the agency saying that it had assessed the evidence in detail. The [...]
Noble Group slapped with investigation in Singapore as it tries to fend off collapse November 20, 2018 Singaporean authorities have opened investigations into under-pressure commodity trader Noble Group as it prepares to finalise a restructuring deal to save it from the edge of collapse. Since falling from grace three years ago when researchers questioned its accounting, the trader has taken big write-downs, cut hundreds of jobs, and sold billions of dollars in [...]