LA firm raises £450m to 3D-print rockets to help us live on Mars (really) June 9, 2021 Blackrock and actor Jared Leto are among investors in a $650m (£450m) capital raise by a Californian firm which plans to 3D-print rocket boosters that the founder claims are part of efforts to live on Mars. Relativity Space, founded by Tim Ellis – a former engineer at Jeff Bezos’ space firm Blue Origin – is [...]
eToro crypto income jumps 2,245 per cent in a year August 26, 2021 The social investment platform, eToro, earned $264m from crypto trading commissions in Q2 2021, up from $11.26m the previous year. Commissions from crypto trading accounted for 73 per cent of a total $362m which the platform earned through trading fees. In the second quarter of 2020 crypto asset trades accounted for just 7 per cent. [...]
Big moves November 30, 2020 Institutional Investment Market participants were caught off guard in the wake of the reports that Guggenheim Macro Opps fund has made steps to enter crypto markets. Specifically, Guggenheim Funds Trust filed an amendment with the U.S. Securities and Exchange Commission to allow its $5 billion Macro Opportunities Fund gain exposure to bitcoin by investing up [...]
What’s that coming over the hill? Is it regulation? December 9, 2022 IDnow's Jason Tucker-Feltham believes the FTX collapse has invited the inevitable, but urges crypto companies to embrace regulation.
98 per cent of hedge fund managers plan to put investment bets on crypto June 16, 2021 Hedge funds are increasingly betting on crypto, as an ‘overwhelming majority’ of senior staff eye digital asset investments over the next five years, according to a new report. The report by Intertrust, which surveyed 100 senior-level professionals, found that 98 per cent expect funds to invest in digital assets in the next five years. The [...]
No Britcoin crypto: House of Lords says no to digital pound but Bank of England undeterred despite run on cash warning January 13, 2022 A bank run during economic downturns is a realistic scenario if an official British digital currency were to be created, a committee of peers has warned. The Lords Economic Affairs Committee said that the introduction of a central bank digital currency (CBDC) could pose “significant risks” in the UK. Bank of England officials are currently [...]
The tectonic plates of economic power are being moved by the crypto kings April 1, 2022 Sanctions have shown the power of the people who control cash. Oligarchs counting their dollars today have realised that their money is more than just a currency, it’s an operating system. In the past month, the US Treasury, which issues the American notes and regulates the accounts that trade them, has removed the operating licence [...]
Bitcoin tumbles below $8,000 barrier as sell-off continues November 21, 2019 Bitcoin plummeted below $8,000 this morning after hovering just above the barrier for almost a week. The cryptocurrency crashed through the barrier mid-morning UK time, marking its lowest price since late October. Read more: Emerging markets need more say on digital currencies like Libra, says Chinese official Bitcoin continued to fall, according to Coindesk data, [...]
1 Minute Market Rundown – 26th April 2022 April 26, 2022 Risk Stages a Comeback into the US CloseCrypto ReboundsSterling and Euro Continue to Look Vulnerable As you finished work yesterday you would have been forgiven for expecting risk markets to remain offered following what could only be described as a horrid day for markets. China’s ‘zero covid’ strategy as well as concerns over inflation weighed [...]
Risk on or risk off? December 22, 2020 The next stage As expected, risk off tone dominated the price action as market participants reacted to the news of an aggressive spread of a new strain of coronavirus out of the UK, as well as further tensions between the EU and the UK ahead of the Brexit deadline. As a result, GBP was hit [...]