As Bitcoin pulls back, Ethereum hits three-year high January 5, 2021 Crypto at a Glance It was a turbulent day in the markets yesterday, with Bitcoin seeing a sharp retrace from $33,000 to $28,000 after Sunday’s new all-time high. The leading cryptocurrency by market cap managed to bounce back relatively quickly to over $31,000, where it has somewhat stabilised, but it could be a volatile few [...]
Ledger customers exposed as personal data is leaked January 4, 2021 The names, email addresses, home addresses and telephone numbers of 272,000 Ledger customers have been released online by hackers. In July 2020, cyber attackers gained access to the France-based crypto wallet company’s e-commerce database. It has recently been revealed that customers’ details were then dumped on Raidforum, a website for sharing information from hacked databases. [...]
Confusion risk: the next frontier January 4, 2021 When people talk about the frontiers of FinTech, they usually mean new technologies or processes; something that changes the way we do things and causes wonderment. Usually, the last thing they think about is legal and regulatory issues. As 2021 dawns, this is going to change. Except perhaps the lack of wonderment about regulation. New [...]
Bitcoin’s New All-Time High and SEC’s Lawsuit Against Ripple Dominate Crypto Headlines January 4, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved up from around $26,800 at the start of the week to hit a new all-time high above $34,600 hit on the day the flagship cryptocurrency celebrated its 12th birthday. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved from $730 to over $1.100 in a significant [...]
Investor Central: Funds to keep an eye on in 2021 January 4, 2021 Following an unpredictable 12 months, investors are turning their attention to opportunities in 2021. Square Mile-based Tom Stevenson, investment director for personal investing at Fidelity International, shared with City PM what his fund picks are for 2021. “None of us possesses a crystal ball. However, as I put my picks together at the end of 2020, investors [...]
2021 the year for central bank issued digital currencies? January 4, 2021 The Bank of Japan is one of the latest institutions to make public its plans to experiment on how to operate its own digital currency, joining an expanding club of central banks, concerned with the rapid pace of private-sector innovation in the field of payments. Among its members, the club counts the central banks of [...]
Bitcoin turns twelve January 4, 2021 Crypto at a Glance Happy 12th birthday, Bitcoin (for yesterday)! via GIPHY On 3 January, 2009, the pseudonymous creator of Bitcoin, Satoshi Nakamoto, launched the ‘Genesis Block’ and laid the foundations for a new financial order. Yesterday, the original, the undefeated, aaaand stiiiill the largest cryptocurrency by market cap, Bitcoin, celebrated by surging to yet-another [...]
Individuals rush to sell assets as capital gains tax bill rockets to £10.1bn December 23, 2020 The UK’s capital gains tax (CGT) bill has hit £10.1bn, up more than fourfold from £2.5bn a decade earlier, prompting people to sell their assets. Despite the increase of nearly £7.5bn in a decade, more CGT could be demanded from the taxpayer. The Office for Tax Simplification recently recommended the Chancellor increase CGT rates in [...]
Can bitcoin $100,000 in 2021? & altcoin season is about to begin! December 22, 2020 Over the past few weeks the price of bitcoin has risen astronomically with institutional adoption really taking off. There has been much speculation about whether this is a short term rally that will be swiftly halted by over-regulation in the USA or the start of a bitcoin bull run to $100,000. Given that institutions are [...]
Risk on or risk off? December 22, 2020 The next stage As expected, risk off tone dominated the price action as market participants reacted to the news of an aggressive spread of a new strain of coronavirus out of the UK, as well as further tensions between the EU and the UK ahead of the Brexit deadline. As a result, GBP was hit [...]
