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.
In centralised finance we distrust June 15, 2021 Dr Chris Kacher reflects on the history books and explains his use of metrics as a buying guide to Bitcoin.
$40,000 achieved as Paul Tudor Jones piles in on Bitcoin June 15, 2021 Bitcoin continues to surf a wave of good news, with yesterday adding bullish billionaire investors to recent national adoption news, Musk’s re-emergence, and more MicroStrategy buying.
Using blockchain to build a world of lotteries and payments, united without borders June 15, 2021 Unlike in countries with mature banking ecosystems, blockchain has a clear path to become the underlying financial rail in Africa.
Crypto assets: you can doubt, but you can’t hide June 15, 2021 It is no longer prudent to ignore the potential of crypto assets. The investment industry can be sceptical about crypto assets. Investors can certainly choose not allocate to them, but few can afford to ignore them. Why? Not just because Bitcoin’s dizzying ascent has captured the popular imagination but the more persuasive reasons why the [...]
El Salvador move underpins a solid cryptocurrency recovery June 14, 2021 CryptoCompare data shows the price of Bitcoin (BTC) started the week dropping from around $36,000 to a low under $32,000 before recovering.