Cryptocurrency pioneer pays $4.57m for lunch with Warren Buffett June 4, 2019 Cryptocurrency pioneer Justin Sun has bid a record $4.57m (£3.6m) to have lunch with Berkshire Hathaway’ Warren Buffett, a longtime critic of cryptocurrencies. Read more: Bitcoin hits 10-month high after strong start to 2019 The 28-year old submitted the winning bid during a five-day online charity auction on eBay which ended on Friday. Previous winners [...]
Crypto Insider June 3, 2019 Interested in Bitcoin? So are we.. Our Cryptocurrency insider page is dedicated to expert analysts who are interested in how digital currencies are affecting the financial markets. For the latest version please click the links below: Crypto Insider 24th March 202017th March 202010th March 20203rd March 202025th February 202018th February 202011th February 20204th February 202028th [...]
Fintech expert: London needs its own digital currency May 29, 2019 By Ian Hall (City AM, for CFA Institute) Powerhouse cities such as London should have their own digital currencies, according to a global fintech expert. David Birch, principal at 15Mb as well as being a well-known consultant and commentator on digital financial services, told an audience at the 72nd CFA Institute Annual Conference that “it really is time [...]
Bitcoin hits 10-month high of nearly $9,000 after strong start to 2019 May 27, 2019 Bitcoin edged close to the $9,000 mark today as it extended a strong run since the beginning of the year. The cryptocurrency rose more than ten per cent over the past day to $8,775, figures from Coin Market Cap show. Read more: Bitcoin bounces as the pound plunges: what’s next for global markets? It underlines [...]
Facebook ‘finalising its own Globalcoin cryptocurrency’, which could launch in March next year May 24, 2019 Facebook is in the final stages of planning the launch of its own cryptocurrency in 2020 which has been dubbed Globalcoin, according to reports. The social media giant, which has thus far steered clear from world of crypto trading, could set up a digital payments system in around a dozen countries as soon as March next [...]
Forex trading director spent client money on luxury lifestyle, court finds May 22, 2019 The High Court has ordered a forex trading company and its director to pay a £917,231 fine after it found investors were scammed and the proceeds spent on luxury goods and cryptocurrencies. The High Court declared that Xcore Capital and its director Jonathan Chitty, 27, from Surrey, had carried on an unauthorised investment scheme which [...]
More than £27m lost in forex and crypto investment scams last year May 21, 2019 Over £27m was reported lost to cryptocurrency and forex investment scams in the last financial year, figures published today show. Victims lost an average of £14,600 according to the Financial Conduct Authority (FCA) and Action Fraud. Reports tripled compared to the previous year to over 1,800. The FCA said fraudsters use social media to promote [...]
Bitcoin bounces as the pound plunges: what’s next for global markets? May 20, 2019 Last week was all about a modern currency enjoying some big moves – all while a more established one was plunging. Bitcoin has been grabbing its fair share of headlines in recent months, with the crypto favourite trading above $8,000 last week for the first time since July last year. This served to bring the [...]
Big cryptocurrencies bounce back, but smaller rivals lie in wait May 20, 2019 For users and proponents of cryptocurrencies, the stamp of approval from online auction giant eBay set the seal on a powerful comeback during this year so far. Bitcoin and some other selected cryptocurrencies are to be accepted as a form of payment by eBay. This doesn’t only greatly expand the “network effect” by which a [...]
Bitcoin tumbles by more than 10 per cent to below $7,300 in under 24 hours May 17, 2019 Bitcoin prices have plummeted over the past six hours dropping to below $7,300 (£5,710) just days after reaching a 10-month high of more than $8,000. The price of bitcoin fell to a low of $7,140.77 at 6:30am BST, although it has since recovered slightly to $7,284.72 as of 8:30am. Read more: Bitcoin ralllies – where [...]