And we’re off: Citigroup starts Wall Street earnings season with rise in profit July 15, 2019 Citigroup kicked off Wall Street’s earnings season today by trumping market expectations, reporting a rise in profits and revenues during the second quarter of 2019. America’s third largest bank posted profit of $4.79bn (£3.82bn), or $1.95 per share, during the three month period, rising 20 per cent and beating $1.80 per share estimates given by [...]
Bitcoin price (BTC) is yo-yoing February 11, 2018 Bitcoin continues to yo-yo after a particularly rough month for the notoriously volatile cryptocurrency, The price dipped back below $8,000 on Sunday morning after briefly surpassing $9,000 earlier on Saturday, the latter being a week high. Bitcoin has lost more than half its value since hitting an all-time high of more than $19,000 at the [...]
Goldman Sachs hires new head of digital assets to explore cryptocurrencies such as bitcoin (BTC) April 23, 2018 Goldman Sachs has hired a new head of digital assets as the investment bank considers how to answer burgeoning client demand for cryptocurrencies such as bitcoin. Justin Schmidt will be vice president and head of digital asset markets based at the Wall Street giant, the bank confirmed today. He was formerly senior vice president at [...]
Bitcoin regulation: The US SEC has “significant” concerns about bitcoin ETFs January 19, 2018 The US Securities and Exchange Commission (SEC) has seen growing interest for exchange-traded funds (ETFs) that hold value in cryptocurrencies, but the regulator has warned it there are “significant” investor protection issues that need to be looked at before such funds are offered to retail investors. In a letter, the SEC’s investment management division director, [...]
Crypto AM industry voices: Regulating blockchain and crypto April 30, 2019 The Financial Conduct Authority (FCA), US Securities and Exchange Commission (SEC) and others are working to provide regulatory guidance frameworks and structures in the ever-changing landscape of cryptocurrencies and blockchain technology. The views on these activities run the gamut from the Establishment (‘The sooner we get regulation, the sooner things will really take off’) to [...]
Former Goldman Sachs president and Trump adviser Gary Cohn predicts global cryptocurrency in the future, but not bitcoin May 10, 2018 Former Goldman Sachs president Gary Cohn predicts that in the future we will have a global cryptocurrency, but that it will not be bitcoin. According to Cohn, a currency using blockchain technology may be a possibility in the future but one that is more consumer-friendly than bitcoin which people can understand how to use and [...]
Cashing in on crypto: The world’s 10 most bitcoin-friendly cities March 16, 2018 Some cities around the world have been quicker than others at tapping into the crypto fascination, according to new research by CryptoGo. The cryptocurrency brokerage has conducted research using services such as Yelp and Coinmap to identify the number of firms that accept bitcoin, the number of bitcoin ATMs, and the number of bitcoin meetups [...]
Facebook cryptocurrency Libra dealt fresh regulatory blow by G7 October 14, 2019 Facebook’s Libra digital currency project must not go ahead until the social media giant demonstrates it is safe and secure, according to a G7 report. The world’s largest economies warned that cryptocurrencies such as Libra pose a threat to the global financial system and backers must ensure the coins are not used to launder money [...]
Bank of England officials make “material step forward” in debate around central bank cryptocurrencies to rival bitcoin and ethereum May 29, 2018 Bank of England officials today said they had made a “material step forward” which could potentially address one of the major risks of central banks issuing their own digital currencies. Officials from the Bank today published a blog laying the groundwork for a central bank cryptocurrency which would not cause runs on commercial banks, in [...]
DEBATE: Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? June 20, 2019 Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? Eleesa Dadiani, a cryptocurrency economist and broker and founder of Dadiani Fine Art, says YES. For any new financial system, mainstream adoption is contingent on ease of access – and libra is specifically designed with that in mind. There are many reasons why crypto [...]