Economist gets in squabble over bitcoin tape July 3, 2019 A top economist has hit out at Bitcoin, saying it will be confined to museums in five years, and sparking a backlash from the crypto community. Nouriel Roubini, famed for predicting the 2008 financial crisis, said that cryptocurrencies bitcoin, ethereum and monero will be consigned to the Museum of Failed Coins, according to reports. Read [...]
Watchdog threatens retail ban on crypto trades July 3, 2019 The Financial Conduct Authority this morning proposed a ban on selling derivatives based on bitcoin to retail customers. The watchdog said that crypto assets, including bitcoin, have extremely volatile prices. Read more: UK regulator warns tech companies over cryptocurrency projects It thinks such products are “ill suited to retail consumers who cannot reliably assess the [...]
Facebook’s cryptocurrency Libra could run into tax trouble say lawyers July 1, 2019 Facebook’s new cryptocurrency Libra could face serious tax issues that could hamper its widespread takeup, according to City lawyers. Earlier this month, the social media giant confirmed plans to launch Libra which is intended to be a new global currency that can improve access to the financial system. Tax lawyers from Magic Circle law firm [...]
Bitcoin crashes from libra high after Coinbase outage June 27, 2019 Bitcoin sank almost $2,000 to give up gains last night as volatility returned after the cryptocurrency approached $14,000. Read more: Bitcoin surges towards $13,000 thanks to Facebook libra Facebook libra’s launch had buoyed bitcoin, pushing the price up until it was just shy of $14,000 last night, its highest level since January 2018. But over [...]
Bitcoin: Is it starting to feel like 2017 all over again? June 27, 2019 By Gary McFarlane from interactive investor. Bitcoin’s decisive break above the psychologically important $10,000 mark – with $11,000 breached over the weekend and in sight again – is being driven by institutional investors and the afterglow from Facebook’s Libra news, despite the regulatory and political pushback against Mark Zuckerberg’s global money plans. Also, the recommendations, as expected, from [...]
Bitcoin retreats from 18-month high as cryptocurrency catches Facebook libra fever June 24, 2019 Bitcoin pulled back from an 18-month high today after breaking the $11,000 barrier over the weekend, with many attributing the rise to the launch of Facebook libra. Read more: Bitcoin rallies to $11,000: Is it different this time? The world’s biggest cryptocurrency reached $11,248 (£8,822) on Sunday night, according to the Bitstamp exchange. Bitcoin then [...]
Bitcoin rallies to $11,000: Is it different this time? June 24, 2019 All that glitters is not gold. Bitcoin is sparkling again but beware…breakdown’s coming up ‘round the bend. Bitcoin jumped above $11,000, taking it to its highest level since March 2018 , before it pared some of those gains. Investors are ignoring what happened the last time we saw the market going parabolic. Is it different this time? [...]
Bitcoin bursts through $10,000 mark as strong run continues June 22, 2019 Bitcoin has jumped above $10,000 (£7,853) for the first time in roughly 15 months, as its recent run of strong form shows no signs of slowing. The cryptocurrency broke through the mark in the early hours of this morning and is now trading at roughly $10,900, according to figures from Bitstamp. Read more: Bitcoin hits [...]
DEBATE: Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? June 20, 2019 Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? Eleesa Dadiani, a cryptocurrency economist and broker and founder of Dadiani Fine Art, says YES. For any new financial system, mainstream adoption is contingent on ease of access – and libra is specifically designed with that in mind. There are many reasons why crypto [...]
Is Facebook’s libra a step towards the legitimisation of crypto? June 20, 2019 The “banking for the unbanked” narrative has long been the preserve of the bitcoin community. There are some 1.7bn people in the world today with no access to a bank account, and since bitcoin came into common usage, “financial inclusion” has been its mantra. So what should we make of Facebook’s apparent incursion into cryptocurrency? [...]