Coinbase warning The U.S. Security & Exchange Commission – (SEC), issued the crypto exchange Coinbase with a ‘Wells’ notice, warning the exchange that it identified potential violations of U.S. securities law. A ‘Wells’ notice is one of the final steps taken before the SEC formally issues charges. It lays outRead More →
Accusations It is widely reported that the SEC (Securities & Exchanges Commission) – accuses Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen of breaching U.S. securities laws by selling XRP without first registering it with the regulator. Ripple contests the SEC’s allegations, maintaining the view that XRP should be consideredRead More →
Bitcoin gain Bitcoin hit $50,000 on Sunday, reaching a more than 3-month high, as the cryptocurrency continues to rebound. Bitcoin hit an all time high of over $64,000 in April 2021 – then but sold off in June and July, dipping below $30,000. But since mid July, bitcoin has beenRead More →
Bitcoin’s value briefly surpassed $1 trillion again on Tuesday 9th March 2021, as the price of the cryptocurrency jumped The digital coin’s price rose on Tuesday and its market capitalization went above $1 trillion in overnight trade. It is only the second time that Bitcoin has surpassed $1 trillion afterRead More →
Tesla share value plummets as tech shares take a hit Since Tesla’s share peak in January 2021, the company has seen its share price plummet by some 33% – and that’s even after buying £1.5 billion Bitcoin to add to the balance sheet. Maybe this is partly why? Irony? There’sRead More →
Bitcoin ‘mining’ production is energy inefficient In a bid to cut down on vast energy consuming operations, China is reported to have made plans to ban new cryptocurrency mining projects and shut down existing activity. It is estimated that one such bitcoin mining operation consumes some 128 terrawatt hours ofRead More →
When does a social media comment influence the market? Probably when Elon Musk, the CEO of Tesla posts a tweet So…what happened? Tesla buys Bitcoin with a reported $1.5 billion investment adding it to the company balance sheet. Elon Musk posts a tweet and Bitcoin surges even higher from itsRead More →
Market moving news Asia markets China markets still closed for public holiday, last day today. Asia markets slow ahead U.S – China talks. Japan’s Nikkei closed down at: 21375. The main news this week will be the resumption of U.S. – China trade talks in Washington on 10th October 2019.Read More →
Bitcoin bashed Bitcoin suffered last week falling more than 20% over a seven day stretch, touching a daily low of around $7735 on Friday – lowest level since June. Bitcoin closed Friday 27th at around $8060. Other digital currencies; ether and XRP, were also down on the week. Why the Bitcoin drop? I’mRead More →
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 →