Crypto tokens and crypto coins: what drives performance? May 18, 2022 Much of the crypto world is, by definition, cryptic and difficult to understand. But two crypto trends are crystal clear: both talent and money are flooding into the digital currency market. Almost every day brings a fresh announcement about software developers from Google or financiers from JPMorgan joining crypto start-ups. Indeed, while the total market [...]
Letters: The rise and fall of crypto May 18, 2022 [Re: Bitcoin has no future as a means of payment, warns top crypto boss, yesterday] Following news that the founder of crypto exchange FTX, Sam Bankman-Fried claimed that Bitcoin is not scalable enough to accommodate millions of transactions, the asset’s future as a means of payment has drawn considerable doubt. However, this doubt is valid. [...]
The City View: Michael Hewson on problematic consumer spending growth May 17, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They unpick the latest wage and labour figures, analyse Bank of England governor Andrew Bailey’s comments at the Treasury select committee, go through inflation predictions for 2022, and discuss why current consumer spending growth in the US and UK will be problematic [...]
Don’t try and call a bottom to the crypto crash, warns UBS investment chief May 17, 2022 Investors should prepare for crypto to continue cratering after a market rout wiped more than $400bn from the market last week, a top investment chief warned today.
Erica’s ‘Crypto Wars’ handed honours in Business Book Awards May 17, 2022 The Business Book Awards honoured writer Erica Stanford for her work – Crypto Wars – in a glittering ceremony in the City of Westminster.
CoinCorner Announces World First Bitcoin Lightning Card May 17, 2022 The Bolt Card is a world first contactless card, powered by NFC and the Bitcoin Lightning Network. CoinCorner, a global leader in Bitcoin and Lightning services, is excited to announce The Bolt Card – a world first contactless card, powered by near-field communication (NFC) and the Bitcoin Lightning Network. Using a standard NFC card, the [...]
Big institutions still investing heavily in cryptocurrency May 17, 2022 Massive financial institutions remain unmoved in their plans to plough billions into investing in cryptocurrency.
Binance bulks up legal team as crypto firm faces mounting regulatory scrutiny May 17, 2022 The world’s biggest crypto exchange, Binance, is seeking to bulk up its legal team by hiring more than 30 lawyers across Europe, Asia, and the Americas. The Cayman Islands headquartered firm posted more than 30 openings for legal professionals, including for six positions in London. The job ads come as the crypto industry faces mounting [...]
Bitcoin price rises with global financial markets as China eases Covid lockdowns May 17, 2022 Bitcoin is currently changing hands for around $30,600, up 2.75 per cent over the past 24 hours as a promising start to the week continues.
1 Minute Market Rundown – 17th May 2022 May 17, 2022 Trade the ExtremesUSD Gives Up Some of its GainsCrypto Consolidates We highlighted in yesterday’s note that risk seemed a bit stretched and pondered whether we may be in for a rally. The question we are still trying to answer is if we have seen the low yet or not. Whilst we are still unsure, although [...]