Pound coin history A pound coin originally weighed one troy pound of sterling silver. This gave the currency the name ‘pound sterling’ (sterling silver plus the pound). Sterling silver is a mixed metal made up of at least 92.5% real silver. 240 pence in one ‘old’ pound One pound sterlingRead More →
Bitcoin trading ban? The Financial Conduct Authority (FCA) wants to stop retail customers from buying financial instruments that are tied to cryptocurrencies such as Bitcoin. The value of cryptocurrencies can be extremely volatile, which could potentially leave traders who invest in derivatives of crypto currencies with significant losses. Financial ConductRead More →
Bitcoin cryptocurrency volatility update Bitcoin volatility continues. The cryptocurrency fell to a low of around $9,800.00 on Tuesday (2nd. July 2019), that’s approximately a $4,400 drop from its most recent high of $14,200 (26th. June 2019). Bitcoin started its plummet on Wednesday, crashing nearly $2,000 in minutes as a problemRead More →
Facebook announces cryptocurrency contender, Libra. Main points Libra is due to launch early 2020 It will not be run by Facebook (according to Facebook). A new subsidiary company will be created, Calibra, enabling users to create digital wallets to buy, store and exchange the cryptocurrency. The name Libra originates fromRead More →
As U.S. markets closed Wednesday 26th June 2019 Bitcoin burst through $14,000.00 touching $14,200.00 – only to dramatically fall by $1,800.00 to $12,200.00 in minutes. Despite such a dramatic fall Bitcoin is still holding on to substantial gains at a 17 month high. But this incident does, however, demonstrate theRead More →
Bitcoin continues its spectacular rise as Facebook jumps on the cryptocurrency bandwagon. Bitcoin has benefitted from the announcement that Facebook will be introducing its own cryptocurrency in 2020 aiding recent dramatic gains. Stellar increases this year have pushed Bitcoin above $13,000.00 as of Wednesday 26th June 2019. The new FacebookRead More →