US investigates leaked records alleging billionaires including Musk and Bezos pay little tax June 9, 2021 The Treasury Department has asked authorities to investigate tax records cited in a media report that showed some of America’s richest people paid little to no income taxes. US media outlet ProPublica said it obtained a “vast trove of Internal Revenue Service data” on the tax returns of thousands of the nation’s wealthiest people, covering [...]
Wall Street inches higher on tech stocks boost while FTSE 100 flies June 8, 2021 Wall Street’s main indexes rose tepidly this afternoon as investors held their breath ahead of key US inflation data this week. The Dow Jones Industrial Average was flat, while the S&P 500 per cent gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent as Tesla’s shares rose 2.9 per [...]
Next generation of investors: One in four students now own crypto June 8, 2021 With crypto fever once again making headlines in recent weeks, it seems that students are increasingly jumping on the digital currency bandwagon. A study of over 24,000 UK students, conducted by student website UNiDAYS, found that 24 per cent now own some form of the digital asset, with a further third intending to buy within some the next [...]
Bitcoin dips after Donald Trump says cryptocurrency ‘seems like a scam’ June 7, 2021 Bitcoin’s price dipped today after former US President Donald Trump said the cryptocurrency “seems like a scam” and called for regulators to take action. In an interview with Fox Business Network, Trump ramped up the rhetoric against Bitcoin, complaining it posed a risk to the US dollar. “Bitcoin, it just seems like a scam,” he [...]
China blocks crypto social media accounts amid crackdown June 7, 2021 A string of cryptocurrency-related social media accounts have been blocked in China as Beijing stepped up its crackdown on bitcoin trading and mining. Over the weekend access was blocked to a number of widely-followed accounts on Weibo — the country’s equivalent of Twitter — with a message saying they “violate laws and rules”. Further action [...]
UK’s first cryptocurrency ETP launches as institutional demand for crypto returns June 7, 2021 CryptoCompare data shows the price of Bitcoin (BTC) has moved chiefly sideways throughout the week, starting at $36,000 and at one point rising to test the $40,000 mark, before it plunged to $35,000.
A sea of tranquillity for crypto markets, but are stormy waters ahead? June 7, 2021 The talk of the crypto town continues to be whether the big Bitcoin bull run is over, but those looking for decisive evidence either way this weekend will have been sorely disappointed.
Anonymous say video message to Elon Musk over Bitcoin meddling isn’t theirs June 7, 2021 Guerrilla hacking group Anonymous has denied it was behind a public warning to Elon Musk over his Bitcoin tweets.
Bitcoin investors are growing weary of Elon Musk’s tiresome tweets June 4, 2021 Bitcoin holders throughout the world will eventually begin to ignore Elon Musk’s incessant tweets, and the Tesla chiefs influence will have no bearing on the market.
World’s biggest crypto influencers revealed, with a surprise at number one June 3, 2021 The list of the world’s most influential people in cryptocurrency has been revealed – with a surprise in the top slot, thanks to the medium of TikTok.