Winklevoss bitcoin fund rejected by SEC over fraud concerns March 11, 2017 The US Securities and Exchange Commission has rejected a bitcoin exchange-traded fund's bid to list. The SEC said the fund, founded by the Winklevoss twins, was a fraud risk and that there was a lack of regulation in the world's bitcoin markets. The cryptocurrency surpassed $1,300 in trading yesterday as the market waited for the [...]
Bitcoin has hit yet another record high March 1, 2017 It's another good day to be a bitcoin investor, after it hit another record high ahead of a landmark ruling by the US Securities and Exchange Commission (SEC). The cryptocurrency rose as high as $1,228.56 in the mid-afternoon, London time – more than two per cent higher. The gain means bitcoin has now risen more than [...]
Bitcoin explained: What is it? Why has its price risen so much? Will it ever take over from traditional currencies? All your questions answered June 19, 2017 Bitcoin has rocked headlines this year as its price jumped more than 100 per cent to reach all-time highs of over $3,000 – but what actually is it? As the cryptocurrency breaks into the mainstream market, we take you back to basics. What is bitcoin and where did it come from? Bitcoin is a digital [...]
London is home to more of the hottest fintech startups than ever before according to the Fintech50 2017 June 7, 2017 London’s status as the world leading centre of fintech has been questioned in the wake of Brexit, but new figures suggest the capital continues to be a global powerhouse for financial technology. The city has produced more of the hottest fintech startups than ever before, with over half of the Fintech50 calling it home. Challenger [...]
Bitcoin hit an all-time high this morning February 24, 2017 Bitcoin rose to an all-time high this morning according to a widely followed measure, breaking the $1,200 mark for the first time ever before dropping back steeply. The cryptocurrency rose to a peak of $1,206.60 (£960) early on Friday morning, according to Coindesk, which uses measures from multiple exchanges to determine a price. The price [...]
These are 2016’s top 100 influential leaders in fintech (part 4 of 4) December 7, 2016 City A.M. is publishing Hot Topics' top 100 fintech influential leaders list for 2016, supported by 360Leaders. This is part 4 of 4, in alphabetical order. Part 1 is here. Part 2 is here, and part 3 is here. The most influential fintech leaders in 2016, R to Z Ricardo Martin Manjon, head of digital [...]
Draghi has a major eurosceptic headache – eToro Tips & Picks December 7, 2015 The markets’ main focus is currently the likelihood of the first US rate rise since 2006 and the divergence of US and European monetary policy. Janet Yellen announced last week that the US economy has “recovered substantially” from recession. Friday’s figures showed 211,000 new jobs created in November. Yellen, Stanley Fischer and other FOMC [...]
Don’t expect surprises before year end – eToro Tips & Picks December 21, 2015 The last trading days before Christmas have been a major anti-climax. The Fed rate rise had a minimal immediate effect on the markets: the volatility that many expected failed to occur. The wilder speculation about capital flight from emerging markets has so far been proved wrong. Indices in Indonesia and other emerging markets saw small [...]
China dominates sentiment in listless market – eToro Tips & Picks November 30, 2015 If there are no unexpected developments in the Middle East or any other major news events, the next few days are likely to be reasonably quiet for the US and European markets. Investors seem to be watching and waiting ahead of Friday’s US non-farm payrolls report and Janet Yellen’s speech. Even if the markets [...]
What Federal Reserve chair Janet Yellen is likely to say this week – eToro Tips & Picks December 14, 2015 Many are now asking when – not if – the oil price will reach the $30 benchmark. A sustained period of very low prices will place increasing strain on the Saudi economy, potentially worsening the internal security situation and contributing to greater tension with its neighbours. Western economies are enjoying lower energy costs, but the [...]