Argo Blockchain prepares for Nasdaq listing August 20, 2021 Argo blockchain, the only London listed crypto mining company, is planning to sell shares on the US-based Nasdaq exchange. In a filing made to the US Securities and Exchange Commission, the company today confirmed its intention to list American Depositary Shares (ADS) on the Nasdaq exchange. According to the filing, Jeffries and Barclays will be [...]
Crypto adoption jumps 881 per cent in a year August 18, 2021 Crypto ownership has surged during the pandemic with adoption rising by 881 per cent in the year ending on June 30 2021. New data shows that global crypto adoption has risen from an index score of 2.5 to 24 over the year. According to Chainalysis, the publishers of the Global Crypto Adoption Index, crypto ownership [...]
London bitcoin miner faces attack from short-seller Boatman Capital August 10, 2021 A London-listed bitcoin miner has been accused of purchasing land for 100x its value by the anonymous authors of a report from Boatman Capital. In February 2021, Argo Blockchain told shareholders it had reached an agreement with DPN LLC to buy 320 acres of land in Texas for $5 million in shares initially, rising to [...]
SEC chief vows to crackdown on cryptocurrencies August 3, 2021 The new chief of the US’ financial markets watchdog has vowed to crackdown on cryptocurrencies as soon as possible. Speaking to Bloomberg, Gary Gensler, commissioner of the US Securities and Exchange Commission, said that he has instructed “staff to use all of our authorities anywhere we can” to improve oversight of crypto assets. Read more: [...]
Cryptocurrencies in my pension? Yes please, say 40 per cent of millennials July 28, 2021 Nearly half of millennials would like to invest part of their pension in cryptocurrencies, according to a new study shared with City A.M. today. 40 per cent of millennials would add cryptocurrencies to their pension, a CoreData Research study of 500 UK retail investors conducted in March and April found. The study also revealed that [...]
Elon Musk’s Twitter antics pushes Tesla’s $23m loss in Bitcoin assets July 27, 2021 Tesla’s lofty revenue, which surpassed analyst expectations today, has been offset by a $23m loss over Bitcoin which pushed the electric carmaker to dial back its investments. Elon Musk’s carmaker did not buy or sell any digital assets in its second quarter, as it dialled back investments after purchasing some $1.5bn in Bitcoin in the [...]
Short sellers bail out: Bitcoin jumps 12 per cent to test recent peaks July 26, 2021 Cryptocurrencies popped to the top of recent ranges earlier today as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround. Watch the full report.
Bitcoin surges as Amazon dips its crypto toe and Elon Musk mulls return July 26, 2021 When a simple job ad appears to spark resurgence in the value of Bitcoin, it shows how the crypto world is salivating for every nugget of news about the future use case for digital currencies. Although Amazon has scores of openings for blockchain specialists, it was the listing for a digital currency and blockchain product lead that has [...]
Crypto: 95 per cent of ASA’s scam alerts are related to Bitcoin July 15, 2021 Close to 95 per cent of all scam alerts sent by the Advertising Standards Authority to social media platforms have been related to bitcoin scams, the watchdog said today. Last year, the ASA created an ad alert system to pick up false adverts. Since then, the scheme has alerted 145 platforms to date. Crypto scams [...]
China’s crackdown on crypto continues as more mining projects shut down July 14, 2021 The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The province in east China will shut down the energy-intensive projects as part of a package of changes to address a power supply shortage. Cryptocurrency prices continued to drop overnight, [...]