WallStreetBets drama reaches crescendo – Bitcoin fixes this. Elon seems to agree! January 29, 2021 Crypto at a Glance It’s been a wild week in the markets, but just when you think it can’t get any wilder, in swaggers Elon Musk and a $6k pump in little over an hour. The US isn’t even awake yet – are we just getting started today? How did we get here? The big [...]
Issues on Ethereum and DeFi as an emerging market January 28, 2021 Ethereum, the second most popular crypto asset by market cap, has seen its growth halted by notorious scalability issues and high gas fees. However, Decentralised Finance (or DeFi) which is built on the Ethereum Network is a different story. It was only as recent as the summer of 2020 when DeFi started to gain widespread [...]
It’s retail traders, Jim, but not as you know it! January 28, 2021 Crypto at a Glance If Bitcoin is f*ck you money, does that make GameStop a f*ck you stock? All eyes this week have been on Reddit traders, who have arrived at the blackjack tables fully armed with their sacks of pennies and battered old card counting books, ready to bankrupt the casino through sheer numbers [...]
Crypto AM shines its Spotlight on BitcoinPoint.com January 28, 2021 With the largest ATM network in the UK, innovative ‘on-ramp’ solutions to instantly buy and ‘off-ramp’ to sell Bitcoin, BitcoinPoint.com brings cryptos closer to Mass Adoption, with the vision of bringing financial inclusion to the unbanked and the non-tech-savvy. 16,000 ATMs Bitcoin sales from cash withdrawals have reached an unprecedented scale in the UK, as [...]
Why we built a better Tether January 27, 2021 This week I had a long meeting with the FCA reviewing our fully regulated Peer to Peer savings and loan platform JustUs. The FCA has the unenviable task of trying to stress test the health of the financial services industry in the middle of a health and economic crisis via their quarterly “Covid19 Financial Impact [...]
Fear, Anxiety, Doubt – FUD January 27, 2021 Crypto at a Glance Beware FUD! Last week’s barrage of mistruth reportedly claimed a major victim in software company NexTech AR Solutions, which sold off all 130 of its Bitcoins (worth roughly $4 million), citing reports of a possible “double spend” on the blockchain. The supposed double spend has now been shown to be nothing [...]
Institutional money buys the dip January 26, 2021 Crypto at a Glance It was another volatile day in the neighbourhood yesterday, though we don’t seem to have moved all that much. It kicked off with Bitcoin chilling at just over $32,000, before a rally to almost $35,000 set pulses racing. It looked set to continue its charge, but swiftly fell back to finish [...]
The nascent UK cryptoassets industry – Post-brexit opportunity? January 25, 2021 The start of 2021 heralded new rules governing the relationship between the UK and EU. While the scope for cross-border financial services provision between the UK and the EU still remain unclear in the final hour Brexit deal, it seems likely that regulatory “equivalence” will continue for most areas of traditional financial services (e.g. including [...]
Bitcoin community resilient amid confusion surrounding BTC’s whitepaper January 25, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $36,000 to a low under the $30,000 mark before the cryptocurrency’s price recovered. It’s now trading at $33,000 and appears to be within a tight range with support at $31,000. Ether (ETH), the second-largest cryptocurrency by market capitalization, kept on moving up throughout the [...]
What dip? New all-time highs for Ether, Link, Aave and UNI January 25, 2021 Crypto at a Glance On Friday, we asked whether a flash crash was just a dip or the start of a more prolonged correction. It was a question that swiftly received an answer, with the dulcet pings of new all-time highs sounding across the land over the weekend. After months of trying, Ethereum finally set [...]