Bitcoin is now worth more than gold as the US dollar strengthens March 3, 2017 The price of bitcoin has overtaken gold today for the first time ever. The cryptocurrency was up to $1,275.15 this morning, while the price of gold dropped 0.35 per cent to $1,228.60 per ounce. Bitcoin has already had a tumultuous year as fears the Chinese government was moving to outlaw it dampened investor interest. But now the currency's price [...]
Bitcoin is back above $1,000 after plunging below $950 over the weekend March 20, 2017 Bitcoin rose back over $1,000 last night after it lost nearly a fifth of its value over the weekend. The cryptocurrency fell to a low of $943.06 over the weekend as a split in its developer community threatened its future. The currency was trading at $1,019.05 this morning compared with highs of more than $1,200 last week. Bitcoin transactions are gathered into so-called "blocks", [...]
Bitcoin just surged above $1,300 before crashing back down March 10, 2017 The price of cryptocurrency bitcoin just surged before crashing back down. The currency flew to surpass $1,300 and hit a new record high of $1,365, before falling back down to below $1,100, according to one index. The rollercoaster price comes as investors speculate over whether the US Securities and Exchange Commission (SEC) will approve one of three bitcoin-focused exchange-traded funds (ETFs). The [...]
Apple’s MacOS High Sierra bug: A major security flaw can give easy root access to hackers November 29, 2017 Apple is scrambling to issue a fix to a major security flaw which has come to light overnight that could leave Mac users vulnerable. Anyone can gain access to a computer running MacOS High Sierra, the most up to date version of the Mac operating system, by typing in root when prompted for a username [...]
Transferwise backer venture capital firm Draper Esprit sees its value soar amid new blockchain investments and climbing company valuations | City A.M. April 16, 2018 Tech-focused venture capital firm Draper Esprit announced this morning that the value of its portfolio has more than doubled over the past year, to £244m. The firm, which has invested in businesses such as customer review site Trustpilot and indirectly backs fintech “unicorn” Transferwise, put the increase down to £71m of new investments and a [...]
Is blockchain overhyped? Analysts at investment bank Berenberg thinks so October 26, 2017 Blockchain technology, heralded as may as the future of finance, has been branded “overhyped” by analysts at investment bank Berenberg. Despite the “genuine excitement” over the technology’s potential, analysts believe the technical difficulty of implementing it will delay its progress. Read more: The five most active corporate investors in blockchain technology Banking is one of [...]
Ignore the forecasts. No-one really knows what 2018 holds for markets December 21, 2017 How will markets and the global economy perform in 2018? If you’ve not yet been confronted with a barrage of forecasts or predictions, then you’re likely to be in the coming days. Trying to predict what will happen next year has become as much a part of the Christmas tradition as turkey, presents and overindulgence. [...]
Bitcoin just keeps rising – now it could reach £3,000 by the end of the year March 6, 2017 Last week, the price of bitcoin overtook gold for the first time ever, but the cryptocurrency hasn't stopped there. The currency has risen further today – it was up $1,284.24 in afternoon trading. Adam Davies, consultant at Altus, said he believes bitcoin will edge towards £3,000 by the end of the year. "As more and more trade is taken up [...]
Opinion: Why Gibraltar is a rock solid investment, despite being caught in Brexit’s cross-hairs April 30, 2018 Lesser known than some of its European counterparts, the British overseas territory of Gibraltar has hit the headlines recently. A few weeks ago, the British government guaranteed Gibraltar’s access to UK financial markets until 2020 – with a framework being developed to take it beyond that against the backdrop of Brexit. Earlier in January, Gibraltar’s [...]
Bank of America extends lease on London headquarters for another 10 years in commitment to UK post-Brexit February 21, 2018 Bank of America has extended the lease on its City headquarters by a decade in a sign the lender is committing to the UK with Brexit looming. A spokesperson confirmed to City A.M. today that the bank had extended its lease by 10 years to 2032, with Britain set to leave the EU in 2019, [...]