Bitcoin has no future in payments, warns top crypto boss May 16, 2022 Crypto billionaire Sam Bankman-Fried has warned bitcoin will never function as a payments network due to its inefficiency, as the crypto world scrambles to steady the market after a sell-off frenzy in the past week.
Bitcoin steady as all eyes turn to WEF for sparks of life in crypto markets May 16, 2022 The price of Bitcoin has now recovered to around $30k, after the leading cryptocurrency hit lows of around $26k on Thursday.
1 Minute Market Rundown – 16th May 2022 May 16, 2022 Trade the ExtremesUSD on the Rise AgainCrypto Unable to Sustain a RallyDeleveraging Continues Whilst Friday the 13th is unlucky for some it wasn’t the case for equity bulls. Last week had seen markets get battered, especially crypto, as it seemed no one had a positive outlook on the economy. We have been saying for a [...]
Exclusive: Andy Warhol’s iconic pop art queen to go on sale to mark platinum jubilee with public to own £100 shares May 16, 2022 City A.M. can reveal this morning that Andy Warhol’s world-famous portrait of the Queen will be sold to the public as part of the Monarch’s upcoming Platinum Jubilee celebrations. The ‘Elizabeth II’ screen print (1985) has been acquired by Showpiece.com and will enter into fractional ownership, a scheme which allows ordinary members of the public [...]
F1 must decide if chasing new markets should come at cost of racing May 16, 2022 The Crypto.com Miami F1 Grand Prix was every bit as commercialised and over the top as you’d expect from anything in the Sunshine State of Florida. But among the fanfare, celebrity and extravagance of last week’s event, the racing was almost forgotten. A safety car caused by McLaren’s Lando Norris was the only point of [...]
City boss pays staff in gold to beat inflation: ‘Makes no sense to pay them in pounds’ May 15, 2022 Staff at a financial services firm in the City of London have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other [...]
Crypto crash: Sharp falls will increase calls for regulation, say analysts May 15, 2022 BITCOIN remained some 30 per cent down on the year last night as the crypto crash which saw a host of ‘coins’ drop significantly in value at the back end of the week showed no signs of an immediate halt. The ethereum coin was trading around $2,000 over the weekend, having hit as high as [...]
Tech Weekly: Crypto plummets, and analysing tech stock rout in 2022 May 13, 2022 This week City A.M.’s Charlie Conchie talks to Lorne Daniel, Technology Research Analyst at financial services company finnCap. They unpick a very rough quarter for tech companies and tech stocks, and go through what’s to come. Charlie also takes us through the main headlines this week — multiple cryptocurrencies have plummeted in value, pressure is [...]
No LUNA rescue mission as $3 billion package is blasted as ‘fake news’ May 13, 2022 An asset management company reported to have put together a $3 billion rescue package for collapsed cryptocurrency ecosystem Terra has said the reports were FAKE.
Crypto winter: Bitcoin in ‘something of a recovery’ amid fears worst yet to come May 13, 2022 Bitcoin has seen “something of a recovery” as cryptocurrency investors have been left counting their losses after a crash this week. Cryptocurrencies including Bitcoin and Ethereum hit historic lows on Thursday in a major price meltdown that wiped out previous gains. Over the past week, the price of Bitcoin has plunged more than a fifth [...]