Can bitcoin $100,000 in 2021? & altcoin season is about to begin! December 22, 2020 Over the past few weeks the price of bitcoin has risen astronomically with institutional adoption really taking off. There has been much speculation about whether this is a short term rally that will be swiftly halted by over-regulation in the USA or the start of a bitcoin bull run to $100,000. Given that institutions are [...]
To the Moon: The ‘fintel’ going after the TikTok generation December 22, 2020 Almost every startup has at some stage dubbed themselves a disruptor. The Monzo or Revolut of their respective industries. It has become a tired cliche in the startup world but a new London-based startup is laying claim to being not only a disruptor but forging a new industry in itself. To the Moon claims to [...]
Control or catastrophe? Farage, fortune, freedom and a £199 subscription December 22, 2020 For the small price of £199 a year, promises Nigel Farage, you can “take back control” of your finances. Gold, real estate trusts, even a crypto revolution – all are tickets to an independent financial future, all stamped with the Brexit Party founder’s seal of approval. Or, at least, that’s the idea. But the jury [...]
Risk on or risk off? December 22, 2020 The next stage As expected, risk off tone dominated the price action as market participants reacted to the news of an aggressive spread of a new strain of coronavirus out of the UK, as well as further tensions between the EU and the UK ahead of the Brexit deadline. As a result, GBP was hit [...]
Why knowledge sharing is key to DeFi’s long-term security December 21, 2020 Interoperability and collaboration are key issues in order for blockchain technology to be adopted as a trusted global platform in supporting peer to peer immutable business transactions and exchange of value. However, the recent surge in proposed and actual uses of the technology to enable decentralised finance, or ‘De-Fi’, has revealed vulnerabilities in some blockchain [...]
Bitcoin price hits new all-time high above $24,000 as institutions drive up demand December 21, 2020 This week CryptoCompare data shows the price of Bitcoin (BTC) moved up from around $19,1000 at the start of the week to hit a new all-time high above $24,150 before enduring a correction that saw the flagship cryptocurrency’s price dip to $22,800 at press time. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved from [...]
Temporary register buys time for crypto firms from the FCA December 21, 2020 What happened? The UK crypto scene breathed a collective sigh of relief this month as the FCA (Financial Conduct Authority) announced a temporary registration scheme for cryptoasset companies. The regulator’s announcement came just weeks before its original registration deadline of January 10, 2021. Firms that have already submitted applications which have not yet been processed, [...]
Bitcoin 2021 outlook and challenges in charts December 21, 2020 2020 has been crucial for Bitcoin, we see it as the year of legitimisation for the broader public and investors, accelerated by the COVID crisis and the consequent rapid escalation of QE. Our conversations with institutional clients have changed considerably over the course of 2020, what was typically a desire to speculatively invest has now [...]
A Crypto Carol: The Ghosts of Blockchain December 21, 2020 Tis the season for crypto-mania. It’s always lovely to see all the crypto girls and boys with pound signs in their eyes huddled around their bitcoin charts waiting to see if Santa Satoshi is going to bring them another bull run before the end of 2020. And of course, the spoiled children are trying to [...]
Macro matters December 21, 2020 Out of control Macro matters are very much back in focus as the European nations have begun to impose travel bans on the UK after it reported a more-infectious and “out of control” coronavirus variant. The BBC reported that Ireland, Germany, France, Italy, the Netherlands and Belgium are all halting flights. The measures vary and [...]