Ethereum volatility increases as FUD continues to pour in May 21, 2021 It was another turbulent day in the markets, as the Bitcoin price continues to bounce up and down like a skittle on a snare drum.
Screenshot: Have the streaming wars just gone nuclear? May 21, 2021 This week **Media Moment of the Week: That’ll do, you donkeys **Have the streaming wars just gone nuclear? **Can London close the tech gap on Silicon Valley? Media Moment of the Week: That’ll do, you donkeys Shrek turned 20 this week. Ah lovely, an innocent reminder of youth, I bet you’re thinking. Wrong. It’s actually [...]
UK companies to help plot ‘constellation’ of satellites around the Moon May 20, 2021 UK space companies have begun developing navigation and telecommunication capabilities to put a ‘constellation’ of satellites around the Moon, according to the European Space Agency (ESA) today. With funding from the UK Space Agency, Surrey Satellite Technology Limited (SSTL), Inmarsat and MDA Space and Robotics have bagged £2m contracts with the ESA for the satellite [...]
Bitcoin recovers ground to touch $40k after crypto crash May 20, 2021 Bitcoin today recovered some ground after sliding to a four-month low in the previous session. The cryptocurrency shot up 8.75 per cent to touch $40,000 after plummeting 14 per cent yesterday to its lowest since January. However, Bitcoin’s rebound was weighed down by concerns over tighter regulation in China. The decline came after a statement [...]
Musk’s UK visit fuels speculation a Britain-based Tesla plant is on the cards May 20, 2021 Elon Musk visited the UK last weekend, fuelling speculation that Tesla is exploring the possibility of setting up a car plant in Britain. The government’s new Office for Investment has called upon regional agencies to urgently submit potential locations for a new factory, the Telegraph first reported, a move that would add £80bn to Britain’s [...]
Crypto flash crash: Bitcoin gets Musk’ed with panic-selling across the board and Coinbase at record low May 19, 2021 How the tables have turned on Elon Musk and his Tesla’s Bitcoin investment. Bitcoin has now fallen over 50 per cent from record highs and erased away all the price gains that happened after the 8 February Tesla announcement that they would put Bitcoin on its balance sheet and accept it as a form of payment. [...]
Wild Wednesday: Crypto in full blown meltdown as inflation concerns roil global markets May 19, 2021 Crypto currencies have gone into full blown meltdown with Ethereum falling 40 per cent at one point today, while Bitcoin prices have slumped below $40k as the sell-off gains further traction, after Chinese regulators took steps to discourage the use of crypto. The Peoples Bank of China said earlier today that cryptocurrencies should not be used or accepted [...]
Bitcoin falls on old China FUD, while XRP continues to buck trend May 19, 2021 The crypto markets are down again today, with the total market capitalisation falling below $2 trillion for the first time since April.
Biden charges up $174bn electric vehicle plan in Michigan speech May 18, 2021 US President Joe Biden today called for government grants for new battery production facilities as he made the case for his $174bn (£123bn) electric vehicle plan today. During a speech at a Ford electric vehicle plant in Michigan, Biden vowed to “set a new pace” for the technology and reverse what he described as the [...]
‘The Big Short’ investor reveals $534m bet against Tesla May 18, 2021 One of the hedge fund managers made famous by the Oscar-winning film The Big Short has taken out a sizeable short position against Tesla. In a regulatory filing yesterday, Michael Burry’s Scion Asset Management said it had bearish put options worth $534m against the electric car firm’s stock. Put options give investors the right to [...]