Bitcoin drops as global pressures on cryptocurrencies rise June 24, 2018 Bitcoin has fallen to its lowest level yet this year in the wake of tougher global action and increased scrutiny of the world’s biggest virtual currency. The cryptocurrency fell over five per cent today from $5,920 (£4,462) to $5,825, having reached a high of nearly $20,000 late last year. As the first decentralised digital currency, [...]
Goldman Sachs considering expanding bitcoin operations further says chief operating officer David Solomon June 20, 2018 Goldman Sachs is exploring a possible expansion of its involvement in bitcoin beyond clearing derivatives for clients, according to its chief operating officer. David Solomon today said the bank was “cautious but exploring those activities”, in an interview with Bloomberg TV. In May the bank said it will launch a bitcoin trading desk, shortly after [...]
The crypto world must stop inviting ridicule June 20, 2018 The cryptocurrency world has its detractors, with JP Morgan chief executive Jamie Dimon and legendary investor Warren Buffett topping a long list. But sometimes it seems to be inviting ridicule. Eidoo, a company that bills itself as a cryptocurrency wallet and exchange, commissioned a three-metre bronze sculpture of a pregnant woman with a baby in [...]
Research suggests that women are now leading the market for crypto investment June 9, 2018 New research shows that the number of women considering to invest in cryptocurrencies has doubled in the last six months. Although demand among men is starting to level out, one in eight women, almost 13 per cent, would potentially invest in the digital currencies compared to six per cent at the end of last year. [...]
Argo aims to become first main market-listed crypto-miner as it launches new mining subscription service June 9, 2018 Argo has announced that it intends to become the first crypto-miner listed on the London Stock Exchange and will launch a service which makes mining easier for clients. The originally Canada-based company, which has now launched in the UK, seeks to capitalise on the recent surge in demand for crypto-mining by launching the subscription-based service [...]
Quebec halts energy approvals for crypto miners after surge in applications threatens supply June 8, 2018 The Quebec province in Canada said yesterday that it would temporarily halt energy approvals for new cryptocurrency mining projects to be able to supply the whole province with electricity. After booming demand in electricity from cryptocurrency miners, state-owned Hydro-Quebec will submit an application to Quebec’s energy regulator Regie de l’energie proposing a strategy to select [...]
Revolut wants to be the next Robinhood, promising commission-free stock trading as it hits 2m users June 7, 2018 Challenger banking app Revolut has reached 2m registered users, as it prepares to launch a commission-free stock trading feature and pushes back its journey across the pond. The new feature will allow users to explore and invest in UK and US listed companies, as well as other instruments such as exchange traded funds and options. [...]
Plus500 bumps up expectations for the year after cryptocurrency boom June 7, 2018 Online trading platform Plus500 said this morning that its board had lifted its expectations for the year, as trading remains ahead of what was previously predicted, thanks to a cryptocurrency boom at the start of the year. Plus500 had previously announced that a strong start to 2018 had come thanks to a period of "relative [...]
Plus500 (PLUS) share price rises as company bumps up expectations for the year after cryptocurrency boom June 7, 2018 Online trading platform Plus500 said this morning that its board had lifted its expectations for the year, as trading remains ahead of what was previously predicted, thanks to a cryptocurrency boom at the start of the year. Plus500 had previously announced that a strong start to 2018 had come thanks to a period of “relative [...]
DEBATE: Do we need governments to regulate cryptocurrency? June 7, 2018 Do we need governments to regulate cryptocurrency? Linda Wang, co-founder of Lendingblock, says YES. As more institutional money enters the cryptocurrency market, regulation is becoming crucial in order for digital currencies to gain legitimacy and mass adoption. Without a legal framework, the biggest risk to the growing cryptocurrency market is regulatory uncertainty. While libertarians may [...]