Tag Archives: City

Bitcoin price LIVE: BTC holds at $10k as total crypto market cap nears $500 billion | City & Business | Finance

7.30am MORNING HEADLINES Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin had a good weekend, hitting a high of $10,873 before settling at $10,810 at time of press. Ethereum is up at $946 with Ripple at $1.15. The total market cap for all […]

Cryptocurrency news: Wall Street SOLVES massive Bitcoin flaw, says expert | City & Business | Finance

Professor Panos Mourdoukoutas, who is the Chair of the Department of Economics at LIU Post in New York, made the claim in response to the argument that the volatility of bitcoin could result in great financial losses should the digital currency fall against the dollar. Responding to the concern, he said: “That’s an old problem, […]

Bitcoin buyout: Mysterious investor buys $344million Bitcoin during cryptocurrency slump | City & Business | Finance

A founding partner of hedge fund Tetras Capital, Alex Sunnarborg, stated that the investor is one of many that have chosen to invest in virtual currencies during a period of free falling prices in the hope they rise again. He explained: “Not sure who that big buyer was, but many have bought this dip and […]

Bitcoin price rise compared to Donald Trump and Brexit by Dunkin’ Donuts chief | City & Business | Finance

Kate Jaspon made the remarks earlier this month while pointing out the uncertainty and the difficulty of predicting future events. Ms Jaspon said: “Whether you support him or not, I don’t think anyone in this room would have guessed that Donald Trump would have been the 45th President of the United States. “I know I […]

Bitcoin news: Cryptocurrency fans furious as JP Morgan point out ‘design flaw’ | City & Business | Finance

The bank has claimed that bitcoin will not be able to properly deal with a liquidity crisis in the event of an economic shock. In the US, when such shocks have occurred, central banks pump additional cash into the economy to address declines in lending and spending in the private sector. However, such a liquidity […]

Josh Glancy: bitcoin bores are as morally bankrupt as the City boys of old | The Sunday Times Magazine

Josh Glancy in New York  ILLUSTRATION BY MICHAEL PARKIN The Sunday Times, February 18 2018, 12:01am Like all good modern trends, “When Lambo” started as an ironic meme. For those in the know, it meant: “Do you have enough bitcoins to buy a Lamborghini yet?” That’s how much money is swilling about in the cryptocurrency gold […]

Bitcoin mining moves to Iceland: Cryptocurrency hotbed emerges | City & Business | Finance

In fact, so big is the industry, more green energy will be using creating the cryptocurrency than powering homes this year. The MoonLite Project is to be set up in Iceland and will run data centres to mine high value cryptocurrencies to take advantage in the current boom. Operations will focus on efficiency by employing […]

Bitcoin price prediction: Will 2018 be the worst year yet for cryptocurrency? Crypto news | City & Business | Finance

Today, bitcoin has risen again above three figures to reach $10,016 but it is too early to say yet whether the cryptocurrency has made a comeback. Concerns about hacking and calls for greater government regulation from countries such as India, South Korea and China have all added to the market’s uncertainty this year, causing huge […]

Bitcoin shock: Cryptocurrency exchange Coinbase found overcharging investors | City & Business | Finance

Getty Bitcoin cryptocurrency exchange Coinbase was found to be overcharging its customers A user on the Reddit forum claimed they had spent $300 (£212) on cryptocurrencies before seeing their transactions repeated five times which saw their bank balance turn to a “negative” and forced them to “freak out”. They wrote: “Freaking out. Coinbase drained my […]

Bitcoin price: Cryptocurrency pushes past $10,000 as strategist predicts new high | City & Business | Finance

Mr Lee, a managing partner at Fundstrat Global Advisors, stated that based on the cryptocurrencies 22 corrections since 2010, bitcoin will hit a new “record peak” in July. He noted: “During bull periods, bitcoin recoveries take 1.7 times the duration of the decline and imply that 85 days are needed to recover prior highs—this is […]

Chinese (Simplified)EnglishJapaneseKorean