Cryptocurrencies have ‘no intrinsic value’, warns FCA July 31, 2019 Investors should be cautious over cryptocurrencies such as Bitcoin as they have “no intrinsic value”, the City regulator has warned. In a statement released today, the Financial Conduct Authority (FCA) said consumers must ensure they understand and can bear the risks of volatile digital currencies. Read more: US senators grill top exec over Facebook’s Libra [...]
US senators grill top exec over Facebook libra cryptocurrency July 16, 2019 Facebook libra, the social network’s brand new cryptocurrency, should be regulated as if it is a security, the US House of Representatives heard today. US lawmakers were due to grill Facebook executives over its libra coin today as both Democrats and Republicans prepared to scrutinise chief executive Mark Zuckerberg’s latest project. Read more: Bitocin tumbles [...]
Hackers steal $32m from Tokyo cryptocurrency exchange July 12, 2019 Services have been suspended at a Tokyo cryptocurrency exchange after a further hack on virtual currency caused the loss of ¥3.5bn (£26m). Read more: Trump reveals why he is ‘not a fan’ of bitcoin Tokyo-based Remixpoint, which runs the Bipoint Japan exchange, issued an apology today saying it had confirmed the losses last night, after [...]
Trump dismisses bitcoin, saying cryptocurrencies aren’t money July 12, 2019 The UK ambassador, the chair of the Federal Reserve and even the star player on the US women’s soccer team have all fallen victim to Donald Trump’s ire in recent weeks. But last night the President used his Twitter account to aim his sights at a rather different target: bitcoin and Facebook’s new proposed currency, [...]
Bitcoin crashes from libra high after Coinbase outage June 27, 2019 Bitcoin sank almost $2,000 to give up gains last night as volatility returned after the cryptocurrency approached $14,000. Read more: Bitcoin surges towards $13,000 thanks to Facebook libra Facebook libra’s launch had buoyed bitcoin, pushing the price up until it was just shy of $14,000 last night, its highest level since January 2018. But over [...]
Bitcoin: Is it starting to feel like 2017 all over again? June 27, 2019 | City Talk By Gary McFarlane from interactive investor. Bitcoin’s decisive break above the psychologically important $10,000 mark – with $11,000 breached over the weekend and in sight again – is being driven by institutional investors and the afterglow from Facebook’s Libra news, despite the regulatory and political pushback against Mark Zuckerberg’s global money plans. Also, the recommendations, as expected, from [...]
Bitcoin surges towards $13,000 as Facebook Libra boosts bullish market June 26, 2019 Bitcoin has surged to its highest level since January 2018 as its recent boom continues to gather pace. The cryptocurrency rose to just shy of $13,000 (£10,300) yesterday before dipping slightly to just over $12,500, according to data from Bitstamp. Read more: Bitcoin pulls back from 18-month high as cryptocurrency catches Libra fever Bitcoin is [...]
Bitcoin bursts through $10,000 mark as strong run continues June 22, 2019 Bitcoin has jumped above $10,000 (£7,853) for the first time in roughly 15 months, as its recent run of strong form shows no signs of slowing. The cryptocurrency broke through the mark in the early hours of this morning and is now trading at roughly $10,900, according to figures from Bitstamp. Read more: Bitcoin hits [...]
Cryptocurrency pioneer pays $4.57m for lunch with Warren Buffett June 4, 2019 Cryptocurrency pioneer Justin Sun has bid a record $4.57m (£3.6m) to have lunch with Berkshire Hathaway’ Warren Buffett, a longtime critic of cryptocurrencies. Read more: Bitcoin hits 10-month high after strong start to 2019 The 28-year old submitted the winning bid during a five-day online charity auction on eBay which ended on Friday. Previous winners [...]
Bitcoin bounces as the pound plunges: what’s next for global markets? May 20, 2019 | City Talk Last week was all about a modern currency enjoying some big moves – all while a more established one was plunging. Bitcoin has been grabbing its fair share of headlines in recent months, with the crypto favourite trading above $8,000 last week for the first time since July last year. This served to bring the [...]