Turbulent day as Bitcoin hits 2021 low before dramatic recovery June 23, 2021 The crypto markets had a rollercoaster of a day yesterday, with Bitcoin briefly dipping below $30,000 for the first time since January before recovering sharply to around $34,000 at time of writing.
Not Satoshi’s vision: Is MicroStrategy in danger of becoming Bitcoin’s central bank? June 22, 2021 Something strange has happened over the past several months, and it’s transpired right under everyone’s noses – Bitcoin has become centralized. During the course of the pandemic, one by one, publicly traded companies have lined up to buy (relatively) cheap BTC, but one has outbought them all. Microstrategy now holds more than 105,000 total Bitcoin [...]
China crackdown continues though Bitcoin decline slows June 22, 2021 Bitcoin, Ethereum, and other cryptocurrencies are all trading lower again today, with the alt markets seeing particularly large drops. Bitcoin is currently down 3% over the last 24 hours and more than 20% over the last week, though its market dominance is actually up again from 45% to 47% as others take a bigger hit. [...]
T-Shaped Teams and the Three Stages of AI Adoption June 22, 2021 AI and data science will probably bring about the most significant changes to the financial services industry that the industry has witnessed in its short history. Yet, today, many financial institutions are still struggling to find their way to start the AI journey1. We propose a concept called T-shaped teams (See Exhibit 1) as the [...]
Markets tank amid China mining crackdown June 21, 2021 Bitcoin is now down 18% over the last 7 days, Ethereum is down over 20%, XRP is down 22%…. It’s not the start to the week many will have hoped for. Can things turn around swiftly? In total, nearly $200 billion has been wiped from the cryptocurrency market since Sunday morning. This is on top [...]
Unicorn nest: UK hits milestone of 100 $1bn tech companies, more than rest of Europe combined June 20, 2021 The UK tech sector has now 100 UK tech companies valued at $1bn or more, according to new data from Dealroom and Tech Nation, shared with City A.M. this weekend. The UK’s 100th tech unicorn, Tractable, an AI startup building computer vision tools, announced a $60m Series D raise, which takes the company’s valuation to [...]
Crypto AM Happy 3rd Birthday June 18, 2021 I t’s hard to believe that the first edition of Crypto AM, a double page spread in City AM, was published on 18th June 2018. My mission was to learn about Blockchain, Cryptocurrencies and Digital Assets and share / translate with the traditional square mile and Canary Wharf workers through the City AM newspaper and [...]
Screenshot: Can GB News survive the ad boycott backlash? June 18, 2021 This week **Media Moment of the Week: Richard Madeley goes full Partridge **Can GB News survive the ad boycott backlash? **London’s bumper fintech float: a Wise move Media Moment of the Week: Richard Madeley goes full Partridge It’s always risky when producers attempt a comeback of an old show, so I was sceptical when I [...]
Fed pours cool water on recovery while AMP amps up June 17, 2021 Bitcoin is down two per cent this morning, currently trading at around $39,300, while Ethereum has also dipped below $2,500.
NHS to receive £36m injection for AI tech in national health bounce back June 16, 2021 The NHS is set to receive a £36m injection to bolster its AI capabilities across 38 new projects designed to make diagnoses faster. While the NHS has been handling the Covid-19 pandemic, concerns over a diagnoses backlog have emerged, with people more hesitant to go to the GP or hospital for check-ups. The new [...]