Gamestop saga is a good argument for the possibilities of crypto February 16, 2021 As Gamestop stock fell back to earth after a precipitous rise, it marked an end to the biggest short squeeze in 25 years, which for a time transferred substantial wealth from Wall Street to Main Street. But the saga has left a lasting legacy in the markets, exposing how current financial ecosystems are fundamentally skewed [...]
JPMorgan chief says “we will have to be involved” with Bitcoin February 15, 2021 Daniel Pinto – co-president of JPMorgan Chase & Co says he can’t yet see client demand for cryptocurrency, but adds “we will have to be involved” at some point.
Bitcoin price tests $50,000 high as corporate adoption boosts legitimacy February 15, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $39,000 to test a new all-time high near the psychological $50,000 mark. It has since correctly slightly to trade at $47,500 at press time. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week near $1,700 and moved up to a new all-time [...]
Deutsche Bank and Morgan Stanley to join the wave of institutions entering the Crypto fray. It begs the question – when $50,000 for Bitcoin? February 15, 2021 Crypto at a Glance It was an eventful weekend in the markets, though one characterised primarily by near misses. Bitcoin came within a nose hair of $50,000, Ethereum still hasn’t quite made it over the $2,000 line, and Cardano is yet to hit that dollar mark. The total market cap of all crypto markets did [...]
Lockdown games are dangerous but very fun February 12, 2021 A friend of mine has become so bored of Lockdown 3.0 that he has created a new game called Middle Gear, loosely based on the driving TV show that featured three entitled idiots; Shorty, Geeky and Wanky.In this game, he meets a friend after dusk on the M25 with mutually full tanks of petrol and [...]
Miami Nice! Is crypto returning home? February 12, 2021 Crypto at a Glance There was yet another all-time high for Bitcoin yesterday, as it came within touching distance of $50,000. Will we see $50,000 this week? If the good news continues to flow in, it’s more than likely we will. Yesterday, we had Mayor of Miami, Francis Suarez share the progress they’re making towards [...]
New report highlights lack of awareness on modern slavery in Fintechs February 12, 2021 The Independent Anti-Slavery Commissioner has published a joint report highlighting the lack of awareness in the financial services sector in relation to issues of forced labour and exploitation of workers. Non-banking areas of the financial industry, such as crypto currencies, accountancy firms, insurance and brokering are noted as having particularly poor knowledge of this issue [...]
What to expect from the financial markets in 2021? February 12, 2021 Among the many twists and turns of 2020, the behaviour of the financial markets stands out as particularly fascinating and bewildering. The discrepancy observed between the state of the underlying economy and the performance of stocks and other investment assets surprised even the more seasoned observer, as the underlying economy struggled through an unparalleled peace-time [...]
MasterCard plans to follow PayPal with crypto receipts for merchants, Cardano launching Native Tokens February 11, 2021 Crypto at a Glance The markets slowed yesterday, with Bitcoin and Ethereum both seeing small retraces after hitting new all-time highs earlier in the week. The rumour mill continues to grind though, with new reports quoting a ‘source familiar matter’ that MasterCard is planning to give merchants the option to receive payments in cryptocurrency later [...]
Bitcoin + Gold = BOLD February 11, 2021 Tesla announced that they had invested $1.5bn in bitcoin and the price duly surged. Markets are more efficient than many believe, and in recent months, the bitcoin price has responded positively to known investment flows more than anything else. Back in the day, Bitcoin would spike on news that a coffee shop accepted payment in [...]