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 →
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 →
Closing positions of: DOW, FTSE 100, S&P 500, DAX, NASDAQ, NIKKEI & GOLD I trade these indices on a regular basis FTSE 100 – closed at: 7510 (down) DAX – closed at: 12332 (down) DOW – closed at: 27088 (up) S&P 500 – closed at: 2999.9 (small move up) NASDAQRead 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 →