Market moving news roundup – events & news likely to move markets 22nd July 2019 Company performance, economic and political events and especially market sentiment will always influence market movement. Summary China brings new stock market system ‘STAR Market’ online . The pound ‘£’ continues to take a pounding –Read More →
Facebook’s Libra cryptocurrency criticised at Senate hearing Facebook’s new cryptocurrency plan has come under attack at a U.S. Senate hearing. Politicians are calling the company ‘delusional’ and untrustworthy. The Senate officials had been grilling Facebook executive David Marcus over the tech giant’s intention to launch its own digital currency. FacebookRead 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 →