Bitcoin falls below $5,000 for first time in 13 months as slump continues November 19, 2018 The value of bitcoin has dropped below $5,000 for the first time in 13 months as the bitcoin cash split continues to weighs heavily on cryptocurrencies. The world's largest cryptocurrency by volume has dropped 13 per cent today to lows of $4,827 , while ripple and ethereum also fell to yearly lows of $0.46 and [...]
The year crypto went crazy: what’s next for bitcoin in 2019? December 19, 2018 This was the year the world woke up to cryptocurrencies. When the Bitcoin price bubble burst in December last year, having hit almost $20,000 (£15,886) per coin in value, governments, banks and tech giants alike began to sit up and take notice. The City was faced with a decision: is Bitcoin a vehicle for fraud [...]
UK fintech tops the US on investment for the first half of 2018 July 31, 2018 The UK has come out on top globally in terms of fintech investment for the first half of the year, surpassing the US for the first time and taking the crown in Europe to attract $16.1bn (£12.3bn) out of the continent's $26bn total. Four of Europe's top 10 fintech deals happened in the UK, which included [...]
Goldman Sachs to open bitcoin trading desk as it wades into crypto world May 3, 2018 Investment banking giant Goldman Sachs is set to launch a bitcoin trading desk – a first for a major Wall Street bank. “In response to client interest in various digital products, we are exploring how best to serve them in the space,” a Goldman Sachs spokesperson said. Goldman will not initially buy or sell actual [...]
Investors’ mood the only factor that determines crypto value, study claims May 23, 2018 A study published by Warwick Business School claims that cryptocurrencies’ value are not driven by any specific economic factors but purely by the mood of the investors. Cryptocurrencies like bitcoin have been criticised in the past for their volatile price changes and unpredictable value patterns and, since the currencies are not linked to any national [...]
Here’s how you can avoid getting badly burnt in the cryptocurrency revolution February 20, 2018 Investing in cryptocurrency is not for the faint-hearted – a fact that has become increasingly apparent over recent weeks. After making some impressive gains at the end of last year, nearly all the major digital currencies have since come crashing down, only to gather momentum once again. These violent swings have triggered a fresh surge [...]
UK venture capital investment slumps in Q1, though London fintech is still on top April 11, 2018 Venture capital (VC) investment has slowed considerably in the first quarter of 2018, according to a new study from advisory firm KPMG. VC investment in the first three months of the year rose just above $1bn (£705m), well short of the $2.8bn invested in the fourth quarter of 2017. The dip follows a blockbuster 2017, [...]
The UK’s cryptocurrency trade body is urging MPs to regulate the industry | City A.M. May 1, 2018 British cryptocurrency platforms are calling on a group of influential MPs today to support proposals to regulate the industry in the UK. CryptoUK, a self-regulated trade body of seven exchanges, is working to make the cryptocurrency sector more legitimate and transparent. The group set out the plans as part of a written response to the [...]
Petro: Venezuela launches its controversial oil-backed cryptocurrency, the petro February 20, 2018 The Venezuelan government has launched its new cryptocurrency, the petro, as the country struggles amid US sanctions and soaring inflation. Venezuelan President Nicolas Maduro first announced the controversial digital token late last year as a solution to the country’s economic woes, however the US Treasury has warned potential investors that buying the petro could violate [...]
Bitcoin price (BTC) is back above $10k, but the rise might not last February 23, 2018 Bitcoin rose back above $10,000 today after falling below the psychologically important level yesterday, but analysts continued to strike a bearish tone. At the time of writing, bitcoin’s price was up 4.24 per cent at $10,247.64 according to Coindesk’s aggregate price index, recovering from a low of around $9,500 early this morning. The number one [...]