Bitcoin price (BTC) drops to a five-week low below $8,000 March 15, 2018 Bitcoin has tumbled to a five-week low of below $8,000 as it continues to be battered by negative news. At the time of writing, bitcoin’s price was down 4.51 per cent at $7,827.21 a coin, according to Coindesk’s aggregate index. This was around $2,000 below bitcoin’s price at the start of the week. Yesterday, Google [...]
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 [...]
CoinGeek brings the world of crypto together in London November 6, 2018 While outsiders’ interest in cryptocurrencies is often limited to their volatile prices, industry leaders will be debating a much wider agenda, including everyday uses of crypto, at a three-day conference in London at the end of November. Tickets can be bought with discount code “cityam20” on Eventbrite The CoinGeek Week Conference will feature entrepreneurs who [...]
Bitcoin price is holding on to gains, hovering around $10,000 February 16, 2018 Bitcoin was holding on to gains this morning, hovering around $9,800 a day after it reached $10,000 for the first time following a spectacular crash in which it lost 70 per cent of value in a matter of weeks. The cryptocurrency rose to $10,000 yesterday, for the first time since the end of January, having [...]
EU targets Amazon in e-commerce antitrust probe July 17, 2019 Amazon is the subject of the EU’s latest antitrust probe, with the European Commission accusing the tech giant of abusing its dominance in e-commerce. The investigation, which began today, could see CEO Jeff Bezos’ retail behemoth lumped with a multi-billion dollar fine similar to other penalties issued to tech giant Google. Commissioner Margrethe Vestager said: “European consumers [...]
Facebook’s libra could solve the gig economy’s payment problem July 17, 2019 Ordering your evening meal or weekly groceries online has never been easier. In most cities, you can now book a car from your phone to get you from A to B in minutes. All of this is made possible by two things: the marketplace technology that facilitates instant transactions, and the gig economy that delivers [...]
Bitcoin price (BTC) hovers around $10,000 as regulators crack down March 8, 2018 Bitcoin is sitting just above the $10,000 mark after yesterday dropping by more than $1,000 in an hour as regulators continued to scrutinise digital assets. Yesterday, the US Securities and Exchange Commission (SEC) said it would require digital asset exchanges to register with the agency, sending bitcoin’s price plunging below the key $10,000 level. “If [...]
Bitcoin price (BTC) is rising back towards $9,000 February 12, 2018 Bitcoin is heading back up towards $9,000 after the cryptocurrency weathered a rough start to the year. The digital currency’s price swung back and forth over the weekend, briefly rising above $9,000 on Saturday before dipping back below $8,000 yesterday morning. At the time of writing, bitcoin’s price was up 8.22 per cent at $8,734.52, [...]
FCA says UK firms need ‘clarity’ on cryptoassets as it consults on regulation January 23, 2019 The UK financial watchdog has called for further clarity in the regulation of cryptoassets, as it launches a consultation on guidance applicable to the wide sphere of crypto. The Financial Conduct Authority (FCA) said firms will have a better understanding of whether their activities with cryptoassets such as bitcoin are compliant with regulation as a result of [...]
Chevron and Total join new Blockchain venture for oil trading January 16, 2019 Chevron, Total and Indian refiner Reliance Industries have joined their rivals in a new venture to bring blockchain into energy trading. The oil majors will become users of Vakt, a London-based platform for trading Brent crude oil using the technology behind bitcoin. Read more: Blockchain is changing finance forever – it will do the same to [...]