China’s crackdown on crypto continues as more mining projects shut down July 14, 2021 The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The province in east China will shut down the energy-intensive projects as part of a package of changes to address a power supply shortage. Cryptocurrency prices continued to drop overnight, [...]
Sterling nudges lower as Boris moves to confirm 19 July unlocking July 12, 2021 Sterling nudged lower on Monday as the Prime Minister Boris Johnson moved to confirm plans to remove nearly all remaining COVID-19 restrictions in England from 19 July, despite cases currently at their highest since the end of January. Sterling fell 0.4 per cent to $1.385 against the dollar this morning, after jumping to above $1.39 [...]
NatWest limits transfers to Binance and other crypto exchanges June 29, 2021 Concerns over investment scams and fraud has prompted NatWest to cap the daily amount customers can transfer to cryptocurrency exchanges, including Binance. The measure is intended to target several exchanges and digital asset firms. The maximum threshold differs depending on the platform and is around the thousands of pounds, NatWest said. The news was first reported [...]
Crypto assets: you can doubt, but you can’t hide June 15, 2021 | City Talk It is no longer prudent to ignore the potential of crypto assets. The investment industry can be sceptical about crypto assets. Investors can certainly choose not allocate to them, but few can afford to ignore them. Why? Not just because Bitcoin’s dizzying ascent has captured the popular imagination but the more persuasive reasons why the [...]
Bitcoin recovers ground to touch $40k after crypto crash May 20, 2021 Bitcoin today recovered some ground after sliding to a four-month low in the previous session. The cryptocurrency shot up 8.75 per cent to touch $40,000 after plummeting 14 per cent yesterday to its lowest since January. However, Bitcoin’s rebound was weighed down by concerns over tighter regulation in China. The decline came after a statement [...]
S&P Dow Jones Indices launches crypto indexes May 4, 2021 The S&P Dow Jones Indices, a division of financial data provider S&P Global, today said it had launched cryptocurrency indexes. The S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index will measure the performance of bitcoin, Ethereum and digital assets. The move to measure each space was originally announced in December last [...]
Turkish lira slumps to near-record low on central banker’s sacking March 22, 2021 Turkish lira slumps to near-record low on central banker's sacking
City A.M. TV – Daily Market Snapshot (video) March 9, 2021 City A.M. TV - Daily Market Snapshot (video)
Pound sterling falls back to near $1.38 on US jobs data surprise March 5, 2021 Pound Sterling rises tempered by strong US economic figures
Alphabet-backed health insurance startup Oscar aims to raise more than $1bn in upcoming IPO February 22, 2021 Oscar Health Insurance is planning on raising more than $1 billion in its IPO.