Cryptoshonk! What a time to be alive! January 29, 2021 What a time to be alive used to be a euphoric and jubilant phrase that celebrated life and the world we lived in. Under lockdown, the phrase is now used ironically as that celebrated world feels more like an Old and Lost World. Another Eden destroyed and lost. Covid is the New Flood. As usual, [...]
How the Gamestop rally may have been inspired by crypto asset markets January 29, 2021 The allure of the underdog is well-documented, but what happens when the underdog takes on the house and cleans up the table? That’s exactly what happened in equity markets this week, as a Reddit community-fueled, retail money short-squeeze resulted in GameStop (GME), which previously was the darling of short-sellers, rallying all the way to just [...]
WallStreetBets drama reaches crescendo – Bitcoin fixes this. Elon seems to agree! January 29, 2021 Crypto at a Glance It’s been a wild week in the markets, but just when you think it can’t get any wilder, in swaggers Elon Musk and a $6k pump in little over an hour. The US isn’t even awake yet – are we just getting started today? How did we get here? The big [...]
Dr Martens valued at more than £3.7bn in London IPO January 29, 2021 British bootmaker Dr Martens started its London IPO in style on Friday, attracting bumper demand in a sale valuing the company at £3.7bn. Dr Martens’ shares were up 19 per cent in their market debut after the company priced the deal at 370p a share, raising nearly £1.3bn. Known for its chunky boots, Dr Martens [...]
Robinhood raises $1bn from investors amid GameStop frenzy January 29, 2021 Trading platform Robinhood is raising an infusion of more than $1bn from its investors, having been strained by high volumes of trading this week. On Thursday, the company was forced to stop customers from buying stocks that were heavily traded, such as struggling videogame retailer GameStop. According to a New York Times report, the company [...]
Issues on Ethereum and DeFi as an emerging market January 28, 2021 Ethereum, the second most popular crypto asset by market cap, has seen its growth halted by notorious scalability issues and high gas fees. However, Decentralised Finance (or DeFi) which is built on the Ethereum Network is a different story. It was only as recent as the summer of 2020 when DeFi started to gain widespread [...]
Euromoney revenues drop as pandemic damages events unit January 28, 2021 Financial information company Euromoney has suffered lower first quarter revenues as its events business was hit by lockdowns, the company revealed today. Euromoney’s quarterly revenue fell to £78.7m, a 20 per cent drop from the £99.2m reported a year earlier. Group events revenue of £8.6m was just 30 per cent of the same period last [...]
Crypto AM shines its Spotlight on BitcoinPoint.com January 28, 2021 | Sponsored With the largest ATM network in the UK, innovative ‘on-ramp’ solutions to instantly buy and ‘off-ramp’ to sell Bitcoin, BitcoinPoint.com brings cryptos closer to Mass Adoption, with the vision of bringing financial inclusion to the unbanked and the non-tech-savvy. 16,000 ATMs Bitcoin sales from cash withdrawals have reached an unprecedented scale in the UK, as [...]
Why we built a better Tether January 27, 2021 This week I had a long meeting with the FCA reviewing our fully regulated Peer to Peer savings and loan platform JustUs. The FCA has the unenviable task of trying to stress test the health of the financial services industry in the middle of a health and economic crisis via their quarterly “Covid19 Financial Impact [...]
