London ‘knowledge hacking’ app Uptime raises $3m from Youtube founder May 22, 2021 London-based education app Uptime has raised a further $3m (£2.1m) in a star-studded investment round from backers including Youtube co-founder Chad Hurley. Uptime, which describes itself as a “knowledge hacking app”, raised the funds as an extension to its seed round, bringing its total raised so far to $19m. Hurley, who is also an investor [...]
BHP profits from operations leap to $9.8bn February 16, 2021 The world’s largest miner reported its best first-half profit in seven years on Tuesday. BHP Group was buoyed by China’s strong appetite for iron ore to support infrastructure. China’s reliance on commodity-intensive measures to sustain economic growth has sent prices of raw materials to multi-year highs. The Covid-19 vaccination push has also brightened outlook for [...]
Bitcoin rallies to $11,000: Is it different this time? June 24, 2019 All that glitters is not gold. Bitcoin is sparkling again but beware…breakdown’s coming up ‘round the bend. Bitcoin jumped above $11,000, taking it to its highest level since March 2018 , before it pared some of those gains. Investors are ignoring what happened the last time we saw the market going parabolic. Is it different this time? [...]
Expectation drives price. Utility drives value. July 14, 2020 Digital asset prices are driven by two factors; value and expectation of future value. When expectation of value increases at a faster rate than real value, you get a bubble. If real value grows faster than expectations of value, you get an opportunity. Looking back on the 2017 super-cycle it is painstakingly obvious that it [...]
Ethereum miners’ revenue surges as monthly ETH transaction volumes surpass $24 billion September 8, 2020 This week CryptoCompare data shows the price of Bitcoin (BTC) tested the $12,000 mark but couldn’t break that level, seeing a subsequent correction down to the $10,150 mark where it currently stands. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week around $420 and moved up to $480 before BTC’s failure to break [...]
My joyous but painful adventures in Blockchain August 4, 2020 I love Madrid. I love the food, the weather and the people. I’ll go there (at least, in better times) at even the slightest excuse. And beyond the social culture, Madrid has a thriving business culture – especially when it comes to Fintech. In June 2017, it was the home to MoneyConf. That’s where my [...]
Why the blockchain community needs ethics March 2, 2022 Crypto AM's Dr Jane Thomason explores the ethics of blockchain, and how the industry must get it right.
FCA nears payout deal over Park First’s £230m ‘illegal investment scheme’ May 4, 2021 The City regulator is in talks with the people behind an investment scheme which has left savers facing losses. The Financial Conduct Authority is reportedly in detailed talks with Toby Whittaker, who owns Park First, which the regulator has previously said was involved in an “illegal collective investment scheme”. A potential deal, which could be [...]
Tesla shareholder sues Elon Musk over tweets March 12, 2021 A shareholder in electric car firm Tesla is suing outspoken boss Elon Musk, claiming that his tweets have exposed investors to billions in losses. The claim accuses Musk of breaking a settlement reached with the US Securities and Exchange Commission back in 2018. At that time, the regulator came down hard on the South Africa-born [...]
Crypto A.M. shines its Spotlight on CommerceBlock, London’s most innovative BlockChain infrastructure company August 18, 2020 Hype in the blockchain and DeFi space has reached new, overwhelming heights. It can be difficult to differentiate between fact and fiction, but when you do find a project providing innovative technical solutions, it’s a breath of fresh air–especially when their primary focus is on development and not creating vacuous buzz. Led by financial technology [...]