Crypto selloff sends Bitcoin tumbling below $50,000 February 23, 2021 Bitcoin tumbled this morning as investors ditched cryptocurrencies amid nervousness over sky-high valuations. Bitcoin suffered its biggest daily drop in a month to fall as low as $45,000 before recovering to just over $48,500. Ethereum is also down more than 18 per cent to $1,512. It follows Monday’s crash which saw Bitcoin plunge from $58,000 [...]
Peak times: Ticket for space trip with Jeff Bezos sells for $28m June 14, 2021 A mystery bidder has splashed out $28m (£20m) for a ticket to travel to space with Amazon boss Jeff Bezos. The sky-high bid was made at a live phone auction on Saturday, concluding a lengthy bidding process for a seat on the maiden voyage of the billionaire’s Blue Origin company. Bids reached $20m within four [...]
Business of Space: Has Roscosmos imposed its own restrictions? March 11, 2022 This week Russian space chief hits out on Twitter… again SpaceX takes in-orbit satellite tally above 2,000 Range applications sent off for UK’s first-ever vertical launch site Roscosmos Russia’s invasion of Ukraine has seen a number of governments impose sanctions on the country, which range from having assets frozen to being locked out of certain [...]
The City View: Sluggish UK economic growth, and Heathrow flying high April 11, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through lacklustre UK economic growth figures and why the cost-of-living crisis will hinder said growth; the latest inflation figures; the global economic recovery; and economic uncertainty to come. Andy also goes through the news: Heathrow has marked its highest number [...]
Following worse-than-expected Q1 results, where next for the Alphabet share price? April 27, 2022 A key beneficiary of the covid-19 pandemic tech stock boom, Alphabet (NASDAQ: GOOGL) shares were changing hands for as much as $2,859 just three weeks ago. But after yesterday’s trading update, they sunk to as low as $2,215 in after-hours trading. Despite recovering to $2,305, worse may yet be to come. The Alphabet share price At first glance, Q1 results were [...]
Revolut and the race – or not – to superapp status November 17, 2022 What on earth is a superapp and do we really want one, asks Charlie Conchie
Gary Gensler’s creation of confusion is a toe-curling problem for crypto April 21, 2023 Jason Deane explains why he's still unfurling his toes after watching a particularly painful episode of the Gary Gensler Show.
$40,000 achieved as Paul Tudor Jones piles in on Bitcoin June 15, 2021 Bitcoin continues to surf a wave of good news, with yesterday adding bullish billionaire investors to recent national adoption news, Musk’s re-emergence, and more MicroStrategy buying.
Goldman Sachs director quits after making millions from Dogecoin May 12, 2021 A London-based Goldman Sachs banker has reportedly quit after making millions from investing in Dogecoin. The meme cryptocurrency has surpassed growth of any other digital currency this year, boosting its price by more than 10,000 per cent. Aziz McMahon, head of emerging market sales at the US investment bank, resigned after benefiting from the cryptocurrency’s [...]
Chinese military bans Tesla cars from housing complexes over security concerns March 19, 2021 The Chinese military has banned Tesla cars from entering its housing complexes because of security concerns over the cameras installed on the vehicles. The order issued by the military advises Tesla owners to park their cars outside military property, two people who saw notices of the directive said. Residents of military housing were notified of the ban this week, [...]