1 Minute Market Rundown – 22nd June 2022 June 22, 2022 Powell in Focus Later TodayUK Inflation Prints as Expected But Still Very HighJPY Hits 24 Year Lows Risk did rally yesterday as suspected with the S&P posting a 2% gain over the day. Correspondingly, the USD sold off against both the EUR and GBP. Something to note is that the USD did not back off [...]
Dogecoin increasingly connected to illicit activity, new report alleges June 21, 2022 Cryptocurrency Dogecoin is increasingly being connected to illicit activity like terrorism financing and child sex abuse, according to a new study. Blockchain analytics firm Elliptic, who authored the report, claimed it had found evidence to suggest that the popular meme token was being used by illicit actors as payment for illegal activity. Dogecoin was accepted as payment [...]
Young footballers ‘risking most of their wages on crypto’ prompts growing concerns June 21, 2022 Football has a “big problem” with young players risking the majority of their pay on cryptocurrencies, says a leading financial adviser to the sports industry. Players are being sucked in by social media content that ignores the major risks of investing in crypto, says Ben Smith, a partner at FLM. “I have seen lots of [...]
How luxury goods brands are embracing blockchain June 21, 2022 Protokol chief Lars Rensing examines why the luxury goods market is throwing its hat into the blockchain ring.
Musk, Tesla, SpaceX sued for alleged Dogecoin pyramid scheme… it’s all so depressingly predictable: June 21, 2022 Crypto AM columnist Nigel Green is disappointed at the predictability of Elon Musk being sued over his 'Dogecoin mischief'.
1 Minute Market Rundown – 21st June 2022 June 21, 2022 US Bank Holiday Quietens the MarketCrypto and Risk Markets Hold InCommodity Prices Begin to Rollover It took it being a US bank holiday but we finally had a quiet day, hallelujah! Equity futures, which were open, pointed higher and as such we saw a pause in the risk sell off. The USD continued to give [...]
Bitcoin price shows signs of recovery as major cryptocurrencies push to the upside June 21, 2022 The price of Bitcoin is up another six per cent over the past 24 hours, changing hands for more than $21k this morning.
Conservatives received £500,000 donation from crypto lobbyist before crypto push June 20, 2022 The Conservative Party received a £500,000 donation from a crypto lobbyist two months before the government announced plans to make the UK a “global cryptoasset technology hub.” Thailand-based businessman Christopher Harborne donated the amount on 9 February 2022, the Electoral Commission website showed. The Conservatives announced in April their intentions to make the country a [...]
Crypto recovers slightly following sharp decline June 20, 2022 The prices of major cryptocurrencies rose following a steep decline over the weekend. Bitcoin rose by 6.91 per cent today to trade at $20,662.75 while Ether jumped 8.56 per cent to trade at $1,122.26. Cryptocurrencies crashed over the weekend as a feared crypto winter set in. Bitcoin dropped below $20,000 to lower than $17,800 on [...]
Monday’s Crypto AM Daily June 20, 2022 The Week in review With Jason Deane The theme of last week’s summary was that the narrow trading range Bitcoin had been in for weeks was “boring, but necessary” as the underlying development work is being ground out without fanfare. But that was last week. This week, Bitcoin and the broader markets were very anything [...]