Crypto exchange Kraken buys London trading firm in nine-figure deal February 4, 2019 San Francisco-based cryptocurrency exchange Kraken has finalised a deal to buy London trading firm Crypto Facilities. Kraken said it was one of the industry’s largest deals to date, valued at nine-figures. Though Crypto’s 25-strong team will remain in London, they will all become Kraken employees and expand the US firm's commitment to expanding its European [...]
Bitcoin is in serious danger of becoming very boring December 12, 2017 Like it or loathe it, the digital currency bitcoin is certainly causing a stir. From its inception in 2009, there’s been hacking attacks, major thefts, bankruptcies, spin-offs, street protests, rants from Wall Street chief executives and a very, very peculiar car chase in Los Angeles. That’s not even mentioning the gravity-defying price surge towards $20,000 [...]
Bitcoin is a bubble, a Ponzi scheme and an environmental disaster, the Bank of International Settlements’ head says February 6, 2018 The head of the Bank of International Settlements (BIS) has warned that central banks must be prepared to act against cryptocurrencies, which he labeled “a bubble, a Ponzi scheme and an environmental disaster”. Agustin Carstens, the general manager of the BIS, said bitcoin raises concerns about consumer and investor protection. “Appropriate authorities have a duty [...]
How are Apps Using Bitcoin? November 14, 2017 Found on both IOS and Android, Bitcoin is used in apps ranging from wallets to apps that can help convert bitcoin to physical currency. There are also an increasing number of games that use Bitcoin as a reward to users completing engagements within their apps. Bitcoin can be used as a proxy to Bitcoin [...]
Britain’s big banks decline to follow Lloyds lead on bitcoin credit card bans February 5, 2018 Lloyds Banking Group has banned customers from buying bitcoin and other cryptocurrencies using credit cards, but other big British banks say they currently have no plans to clamp down on the risky assets. A wave of lenders around the world have placed restrictions on customers using debt to buy digital currencies, including JP Morgan Chase, [...]
Bitcoin price (BTC) is back above $11,000 after US regulators approved bitcoin futures trading December 2, 2017 Bitcoin rose back above $11,000 today for the first time since Wednesday, the day the cryptocurrency first broke the mark. Following bitcoin’s stunning mid-week streak, in which it broke through both $10,000 and $11,000 in quick succession, the volatile asset just as quickly plummeted back down to around $9,500. Bitcoin failed to gather momentum until [...]
Davos: Theresa May takes aim at bitcoin and “appalling” Presidents Club behaviour January 25, 2018 Theresa May has said Britain and governments around the world should be looking “very seriously” at the implications of bitcoin. During an interview with Bloomberg, the Prime Minister said the cryptocurrency, which has plunged in value in recent weeks, should be monitored over fears it could be being used by criminals. Later today, May will [...]
Bitcoin price (BTC) plunges below $16,000 December 20, 2017 The price of bitcoin plunged on Wednesday, down around 20 per cent from record highs achieved just days ago. The cryptocurrency fell as low as $15,577.74, according to Coindesk’s bitcoin price index (BPI), though recovered somewhat and is trading at over $17,000 at pixel time, but still around 12 per cent off previous highs. Read [...]
Bitcoin price (BTC): $44bn wiped from its value in January 2018 February 1, 2018 The price of bitcoin has fallen to its lowest yet this year as its losses for January totted up to $44bn. The cryptocurrency fell below $10,000 overnight bookending a month where its value fell by 30 per cent, Bloomberg cakculates. Bitcoin had been closing in on $20,000 before Christmas but has since fallen with a [...]
Is gold making a comeback? June 12, 2019 A rise in the price of gold has coincided with a renewed interest in the role of bullion as a monetary asset. Eclipsed since the early Seventies by paper assets and, occasionally, even cryptocurrencies, gold is once again heralded as a risk-free asset with three huge plus points. These are that it is universally acceptable, that it [...]