Joke cryptocurrency Dogecoin’s market cap just shot past $2bn January 8, 2018 The market cap of a joke cryptocurrency has doubled in less than a week, shooting past the $2bn mark in the latest sign of the craziness of the crypto world. Dogecoin, based on a Shiba Inus dog internet meme which first emerged in 2013, had already hit the headlines last week when it passed the [...]
What is Ripple? The cryptocurrency growing faster than bitcoin explained – and how to buy it January 4, 2018 Ripple has been on a tear over the past few weeks: XRP, the token that powers the blockchain startup’s network, RippleNet, first hit $1 about two weeks ago, and today it climbed to as high as $3.84. While bitcoin, the cryptocurrency king, soared more than 1,200 per cent last year, Ripple rose a whopping 35,000 [...]
Estonia’s Estcoin cryptocurrency plans are moving forward with global initial coin offering (ICO) hub ambitions December 19, 2017 An eastern European country which made history by introducing the first ever virtual residency has revealed that it will move forward with plans for creating its own version of bitcoin. Estonia was the first country to seriously float the idea of its own cryptocurreny or digital token, called Estcoin, in what’s known as an initial [...]
Traders might be misunderstanding the cryptocurrency craze, and it could come back to bite December 19, 2017 There’s no doubt that people are in a frenzy over cryptocurrencies. Not just bitcoin, but ether and litecoin and a number of others have seen huge gains this year. The interest in cryptocurrencies as a whole, and the hundreds of thousands of people signing up to platforms like Coinbase, has led to investors pouring money [...]
Doubts about ‘value investing’ have returned to their pre-dotcom crash high December 18, 2017 Is legendary investor Warren Buffett losing his golden touch? On our Value Perspective investment blog, we would never dream of suggesting such a thing but type “Buffett losing touch” into Google and you will find plenty of financial commentators have, from time to time, had no such qualms. What is really interesting, however, is not [...]
Beware Bitcoin’s bite – why crypto-currency futures might make a risky investment deadly December 13, 2017 Deutsche Bank has raised serious concerns about the risk posed to the global financial system by Bitcoin. It’s not the first to red flag the crypto-currency and warn investors that it is a potentially dangerous financial instrument to get involved with. Others have warned about the dangers of a Bitcoin bubble. European Central bankers have [...]
Bitcoin futures price (XBT) soars above $18,000 on Cboe market debut December 11, 2017 Bitcoin’s futures market debut went off with a bang late last night with the cryptocurrency surging more than 20 per cent and crashing the exchange’s website. Chicago’s Cboe Global Markets’ website went down twice due to heavy traffic as the price of the January bitcoin contract rose from an opening price of around $15,000 to [...]
The problem with bitcoin’s own ‘P/E’-style valuation measure December 8, 2017 As the perceived worth of a single bitcoin criss-crossed its way around the $10,000 (£7,455) mark for much of last week, on The Value Perspective blog, we revisited articles from 20 June 2017 and 20 October 2017, when one bitcoin respectively bought you $2,779 and very nearly $6,000. Each time our primary concern was there [...]
Bitcoin steals gold’s shine as new investing in bullion drops by a fifth December 5, 2017 Bitcoin is stealing the spotlight from gold as trading among first-time buyers slid to the lowest point since the metal’s price sank in 2015, new data suggests. Gold trading among existing private investors rebounded as bullion prices steadied in November, but falling interest among new investors caused BullionVault’s gold investor index to dip to 53.9 [...]
Bitcoin blues: Welsh IT worker accidentally threw away laptop containing $100m crypto-currency stash December 4, 2017 One unfortunate Brit may be watching bitcoin’s charge towards the $12,000 barrier with a sinking feeling after throwing out a laptop with an estimated $100m (£74m) of the crypto-currency locked in it. Welsh IT worker James Howells was an early bitcoin investor. But four years ago he threw out his old computer that had the [...]