Blockchain and XBRL: the myth January 19, 2021 | City Talk Currently, many jurisdictions around the world require public companies to produce financial reports using eXtensible Business Reporting Language (XBRL). The myth that blockchain could replace XBRL in the production of financial information is incorrect. Blockchain is not a data standard. And XBRL is not a distributed ledger system. Replacing one with the other would be [...]
Before the Bell: Tech firms under pressure as Europe poised for modest rebound January 12, 2021 Equities sold off yesterday as last week’s bullish mood was swapped for a more cautious attitude. There was an absence of positive news yesterday so the stories about the health crisis were at the centre of attention, David Madden, market analyst at CMC Markets UK, tells City A.M. this morning. The Chinese authorises announced the [...]
Bitcoin value slumps by a fifth as City watchdog warns of risk January 11, 2021 Bitcoin was on track for its biggest one-day drop since March today, just hours after the City watchdog issued a warning about the “very high risk” of investing in crypto assets. The digital currency slumped more than 19 per cent to $30,699, marking its lowest level since in a week. The sell-off brought to an [...]
City watchdog issues crypto warning as price of Bitcoin soars January 11, 2021 City watchdog the Financial Conduct Authority (FCA) has warned consumers that investing in cryptoassets is “very high risk”, after some firms promised high returns for the investment. The FCA said customers “should be prepared to lose all their money” if they invest in cryptoassets, which is considered a high risk and volatile investment strategy. The [...]
Bitcoin breaks $34,000 mark as record rally continues January 3, 2021 Bitcoin continued its record-breaking rally today, topping $34,000 just hours after breaking the $30,000 milestone for the first time. The cryptocurrency set fresh records in the first weekend of 2021 as a surge in interest from investors pushed its price higher. Bitcoin topped $34,000 early today, before settling at just over $33,400 by mid-afternoon. The [...]
Bitcoin and cryptocurrencies plunge after nearing record highs November 26, 2020 Bitcoin has plunged after coming within touching distance of a new all-time high yesterday, with investors second-guessing the cryptocurrency’s recent surge and profit-taking towards the end of a volatile week. The biggest cryptocurrency was last down around 11.6 per cent to $16,921. It had fallen as much as 13 per cent earlier in the day. [...]
Bitcoin breaks through $18,000 to near all-time high November 18, 2020 Bitcoin has reached a three-year high after breaking through $18,000, with analysts predicting it could climb higher. The leading cryptocurrency has seen value surge 160 per cent this year, climbing 70 per cent since September alone. Bitcoin has rallied to $18,123, nearing the $19,763 all-time high it reached in December 2017. This surge takes the [...]
The City View: LMAX CEO urges City to ‘support young talent’ amid Covid October 15, 2020 In this episode Christian talks to David Mercer, CEO of LMAX Group, the fast-growing fintech firm and FX and institutional crypto exchange that clocked up $56m (£43m) in gross profit in 2019, with trading volumes of $3.5tn. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS LMAX Group is listed in the Deloitte Fast 50 and The Sunday Times [...]
The Top 7 Googled Questions on Blockchain Technology Answered! October 13, 2020 Graphic Credit: iStock Photos (License)