FCA research hailed as a ‘Bitcoin going mainstream’ moment June 17, 2021 A detailed report into cryptocurrency by the Financial Conduct Authority should be regarded as a turning point that took Bitcoin into the mainstream, says a leading financial expert.
Investors are balancing crypto volatility with lower-risk bets, study shows June 17, 2021 Investors are offsetting crypto risk by diversifying their portfolios with lower-risk bets, according to new research. The digital currency has seen a period of intense popularity recently due to increased savings during the pandemic, as well as through endorsements from big corporations and influential public figures. Money management fintech Plum today published new data on [...]
Fed pours cool water on recovery while AMP amps up June 17, 2021 Bitcoin is down two per cent this morning, currently trading at around $39,300, while Ethereum has also dipped below $2,500.
NFTs: Learning lessons from the first steps in the digital collectables world June 17, 2021 Alex Lightman discusses how NFTs exploded on the scene and how they can have a successful future.
MELD: The Banking Stack for the Cardano Ecosystem June 16, 2021 The Crypto AM spotlight shines on MELD - a decentralised borrowing protocol on the Cardano blockchain.
Nine in 10 UK financial advisers would never recommend crypto or meme stocks June 16, 2021 More than nine in ten independent financial advisers (IFAs) in Britain would never recommend cryptocurrencies or so-called meme stocks to their clients, a poll showed today. Digital coins and meme stocks have soared in popularity as stay-at-home rules during the pandemic triggered an investment surge by non-professionals. Some 93 per cent of IFAs would never [...]
98 per cent of hedge fund managers plan to put investment bets on crypto June 16, 2021 Hedge funds are increasingly betting on crypto, as an ‘overwhelming majority’ of senior staff eye digital asset investments over the next five years, according to a new report. The report by Intertrust, which surveyed 100 senior-level professionals, found that 98 per cent expect funds to invest in digital assets in the next five years. The [...]
Bitcoin recovery stalls at $40,000 as malaise sweeps alt markets June 16, 2021 Bitcoin’s recovery appears to have stalled somewhat at $40,000, despite yesterday popping its head briefly above $41k for the first time in nearly a month.
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto June 15, 2021 Bank of England boss Andrew Bailey has pledged “tough love” as policymakers look to regulate cryptocurrencies, warning that public interest must not be ignored for the sake of innovation. Speaking at TheCityUK’s virtual annual conference earlier today in the City, Bailey said while innovation can challenge existing rules, public interest must be at the heart [...]
A guide to dealing with cryptocurrency assets during a divorce June 15, 2021 If you don’t know your Bitcoin from your Polkadot, but your spouse does, you could be in trouble when it comes to getting divorced.