Nouriel Roubini interview (Part I): Expect a ‘synchronised slowdown’ in 2019 April 2, 2019 When Nouriel Roubini talks, it’s worth a listen. Not known for his optimism, the well-known American economist bears the moniker ‘Dr Doom’. CFA Institute spoke to him to get his take on topics including the prospects for global growth and technologies. CFA Institute: When you spoke to us in 2015, roughly six years after the [...]
Bitcoin makes biggest quarterly price gain since the end of 2017 April 1, 2019 Crypto traders will be hoping Bitcoin can emulate the first quarter of 2017 in the coming months, after it posted its biggest quarterly price gain since late 2017. Investors in the original cryptocurrency saw its price plummet last year after record highs of almost $20,000 (£15,886) per coin in December 2017. Read more: Bitcoin critic warns [...]
Enron scandal boss Jeffrey Skilling eyes new energy venture after release from prison March 25, 2019 Former Enron chief executive Jeffrey Skilling is looking for investors for his new energy venture, just weeks after his release from prison. Skilling has been meeting with former Enron executives in a bid to find backers for a new digital platform that would connect investors to oil and gas projects, the Wall Street Journal reported. [...]
Online trading firm IG Group’s shares slide as it announces quarterly revenue drop March 21, 2019 Shares in online trading business IG Group tumbled today after it said its revenue fell in the three months to 28 February. IG Group has been hit hard by a regulatory crackdown on the offering of contracts for difference to retail clients. The company said its net trading revenue was £108m in the third quarter, [...]
Bank for International Settlements warns central banks over risk posed by cryptocurrency exposure March 13, 2019 The Bank for International Settlements (BIS) has warned banks that cryptocurrencies could pose a risk to financial stability. The BIS Basel Committee, which sets regulatory standards for central banks, said the growth of crypto asset trading platforms and new financial products could increase the risks faced by lenders. Read more: Most UK consumers unable to [...]
Majority of UK consumers unable to define cryptocurrency, City watchdog finds March 7, 2019 More than 70 per cent of UK consumers do not know what a cryptocurrency is, new research has found, as the City watchdog warned that crypto investors should be prepared to lose all their money. The term cryptocurrency, which is a digital or virtual currency that uses cryptography coding for security, is understood by 29 [...]
Regulator warns consumers over illegal cryptocurrency scam March 6, 2019 UK consumers have been warned to avoid an illegal cryptocurrency firm posing as an authorised company. The Financial Conduct Authority (FCA) said Next Coin Market is an fraudulent organisation based in Bulgaria which is attempting to scam UK customers. Read more: JP Morgan launches its own cryptocurrency The company dupes victims by sending customers a [...]
Elon Musk denies claims Tesla is getting involved in bitcoin February 21, 2019 Elon Musk has said Tesla has no plans to get involved with bitcoin at the moment, believing that the cryptocurrency is not an efficient use of the company’s resources. The Tesla chief executive praised cryptocurrency as a potential replacement for paper money in an interview on FYI, a podcast by ARK Investment published today. “Crypto is [...]
Bitcoin set to match longest winning streak of 2018 February 20, 2019 Bitcoin is on course to match its longest winning streak of the past twelve months, gaining 10 per cent since last Wednesday. The cryptocurrency has had six consecutive days of gains – a rarity that it saw in July last year, a bright patch in a year when its value crashed by three-quarters. Prices are [...]
Bitcoin sceptic Jamie Dimon launches JP Morgan’s own cryptocurrency February 14, 2019 JP Morgan is to launch its own cryptocurrency in an unprecedented step for a major US bank. The bank is to trial its JPM Coin in the coming months, which will handle a tiny fraction of the $6 trillion (£4.7 trillion) in payments it moves around globally every day. Read more: The year crypto went [...]