Executive search firm Connecting Excellence Group (XCE) is planning to join Aquis and raise cash to invest in its Bitcoin strategy. A placing and subscription will raise at least £1.5m and small investors are being given the chance to take part in a WRAP retail offer of up to £250,000 at 2.1p/share. Leeds-based XCE is […]

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Vinanz Ltd has moved from the Aquis Stock Exchange to the Main Market. Bitcoin’s strong performance in the past year means that this is a good time to make the move and raise cash to invest in growing the business. Vinanz raised £750,000 at 3p/share when it joined Aquis in April 2023. Following the switch […]

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The FTSE 100 fell on Monday amidst a global equity selloff following a 0.3% contraction in UK GDP reported by the ONS today, and ahead of key central bank meetings this week. The UK markets were faring slightly better than other international markets, however the difference was credited to slide in the Sterling rather than […]

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Bitcoin fell by 10% to below $25,000, marking its lowest rate since December 2020, and Ether slid by 13% to beneath the $1,270 level to its cheapest rate since January 2021. Investors dropped the famous crypto assets like a hot potato as inflation fears set into the cryptocurrency hype, and sent multitudes of people fleeing […]

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Bitcoin lost 3% to $33,256.3 on Monday in line with major equity indices across the globe, as the impact of monetary and fiscal policies invoke caution in investors. In addition, the war between Russia and Ukraine along with the growing pandemic in China have been hurting investor sentiments worldwide. As a result of investors fleeing […]

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Argo Blockchain shares were up 7.6% to 65.6p in late afternoon trading on Thursday, after the cryptocurrency mining group reported a 291% rise in revenue to £74.2 million in 2021 compared to £19 million the previous year. The company attributed its surge in revenues to a significant uptick in its hashrate, alongside a short-term fall […]

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Bitcoin down by over $3,000 since news broke China’s central bank confirmed on Friday that all cryptocurrency transactions are now illegal, including Bitcoin. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, adding that it “seriously endangers the safety of people’s assets”. At present, China is one of the largest […]

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The crypto market is valued at over $2.35trn Bitcoin was soaring over the weekend, even climbing above $52,000 at one point on Monday. Digital gold was joined by fellow cryptocurrencies, Ethereum (ether) and Cardano (ada), which are both nearing record-highs. The overall market cap of Bitcoin stands at $965,601,415,664at the time of writing, just shy […]

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Argo Blockchain holds 1,659 bitcoins on its balance sheet Argo Blockchain (LON:ARB) made £6.83m in mining revenue last month, an increase of £2.23m, as the price of bitcoin rose. The bitcoin mining company mined a total of 206 bitcoins in August, down from 225 in July, bringing the overall amount mined for the year-to-date to […]

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Chair of US Securities and Exchange Commission has called for the SEC to get power to oversee the crypto market Gary Gensler, chair of the US Securities and Exchange Commission (SEC) is correct about the need to regulate cryptocurrency trading platforms according to Nigel Green, CEO of deVere Group. In an interview with the Financial […]

The post Gary Gensler right to say crypto needs regulation says deVere CEO appeared first on UK Investor Magazine.

The amendment would specifically pose a threat to Ethereum The bitcoin price has reached its highest point in nearly three months as the cryptocurrency staged recovery over the past few weeks. At the time of writing, the price of bitcoin is at £32,968, having been close to £21,000 just three weeks ago. Other cryptos have […]

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The price of bitcoin surged by 11.07% overnight, reaching its highest point in over one month, above £28,000. It follows a reversal in the crypto market to a more bullish sentiment following mass sell-offs across April, May and June. Bitcoin’s rally coincided with other cryptocurrencies, including Ether, up by 8.14% in the past 24 hours, […]

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The digital currency has now traded above the £23,000 mark for the last 24 hours Bitcoin climbed higher on Wednesday as Elon Musk made a series of revelations regarding his rocket company SpaceX, bitcoin and a potential u-turn by Tesla. The digital currency has now traded above the £23,000 mark for the last 24 hours […]

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Bitcoin Price The price of bitcoin is up by 6.17% over the past 24 hours, moving above £23,000. The jump comes ahead of Elon Musk’s appearance at the “The ₿ Word” event, alongside Jack Dorsey of Square and Twitter, and Cathie Wood of ARK Invest. A week ago the bitcoin price was approaching £26,000, and […]

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‘coinpass Trade’ is available to both individual and institutional investors Coinpass, the British cryptocurrency exchange, confirmed on Friday that it has now launched its own trading platform. The new platform, named ‘coinpass Trade’, will allow users to buy and sell crypto on an exchange which is listed on the Financial Conduct Authority’s temporary crypto asset […]

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Bitcoin’s current price is $33,000 Bitcoin reached its all-time high in April, just below the $65,000 mark. However, by July, the cryptocurrency had shed nearly 50% of its value. At the beginning of the year, bitcoin was just shy of $30,000, below its current price of $33,000. In the early part of June, bitcoin’s 30-day […]

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Elon Musk and Jack Dorsey have agreed to have a sit down discussion about bitcoin Tanzania’s central bank is making progress on a directive issued by president Samia Suluhu Hassan to facilitate the adoption of cryptocurrencies. The move follows the East African country banning crypto back in 2019, as the president now describes the impact […]

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The Bank for International Settlements says cryptos ‘all tend to work against the public good’ Central banks are increasing the pressure on cryptocurrencies, warning that they are not in the public interest, as they continue to strive to be the future of finance. Cryptocurrencies established within the private sector “all tend to work against the […]

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China accounted for 65% of worldwide bitcoin production last year After staging a mini-recovery at the beginning of June, bitcoin has crashed again, as the Chinese Communist Party ramps up its crackdown on mining and trading. Bitcoin is down to $31,522 at the time of writing, from just under $41,000 two weeks ago, as Beijing […]

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The average crypto holdings have gone up by £40 to £300 The FCA released a consumer research paper on Thursday detailing statistics and attitudes around the British public’s approach to cryptocurrencies. The UK regulator found that the profile of cryptocurrenices, such as bitcoin and Ethereum, has risen. 78% of adults say they have heard of […]

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Investors prefer to keep their bitcoin holdings in hot wallets instead of cold storage despite the risks Despite the decentralised purpose of bitcoin, it seems that only a few addresses hold a major share of the digital currency’s total supply. This is according to data collected by crypto trading simulator Crypto Parrot. As of June […]

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A number of south and central American nations have hinted at being willing to follow El Salvador’s lead Bitcoin appeared revitalised on Sunday evening and into Monday as the digital currency is now up by 8.94% in the past 24 hours to $38,179. There are a number of factors which appear to have encouraged the […]

The post Bitcoin closing in on $40,000 as Musk and president of Tanzania have their say appeared first on UK Investor Magazine.

The committee proposed a risk weighting of 1,250% for bitcoin Global regulators are calling for the toughest possible capital rules for crypto assets, even more so than more traditional assets such as stocks. Proposals by the influential Basil Committee on Banking Supervision have suggested that bitcoin should be subjected to a new “conservative prudential treatment”. […]

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Bitcoin holds steady as announcements come from El Salvador and Paraguay via Twitter The president of El Salvador confirmed on Sunday that he will make bitcoin legal tender in the Central American country. Pending backing by the country’s congress, El Salvador would become the first country in the world to officially adopt the cryptocurrency. Bitcoin […]

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Bitcoin is up by 3.38% to $37,344.7824 in the past 24 hours Bitcoin is constantly on the minds of investing-minded millennials as the cryptocurrency is viewed as a way of creating wealth. It could even be that millennials’ interest in bitcoin is what paves the way for an eventual mass adoption. Data collected by Crypto […]

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Bitcoin remains up by 38.2% since the turn of the year Bitcoin, after another chaotic month, has made its way above $40,000, as it seems to be recovering somewhat after a sell-off over the weekend. At the time of writing, one bitcoin is valued at $40,188.8, 2.26% up in the last 24 hours. That is […]

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Fed chair Jay Powell warned against ‘illegal activities’ associated with cryptocurrencies New proposals by the Biden administration will require cryptocurrency transfers above $10,000 to be reported to US tax authorities. The news comes in the aftermath of a regulatory crackdown in China, which caused the price of bitcoin to plummet. The crash took the price […]

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Argo Blockchain Share Price The Argo Blockchain share price (LON:ARB) has fallen by over 13% to 112.70p per share on Wednesday. Having closed at 149p per share last Friday, the bitcoin mining company is down by over 30%. As bitcoin continues to plummet, shareholders in Argo will be concerned about its immediate prospects. Bitcoin Crash […]

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Bitcoin at lowest level since February The price of bitcoin plummeted again overnight to its lowest level since February after regulators in China came down on the use of cryptocurrencies by financial institutions. The crash took the price of bitcoin to below £28,000, and occurred alongside a slump in the wider crypto market. According to […]

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Tesla chief also confirmed that company has not recently sold its bitcoin holding The price of bitcoin plummeted over the weekend as Elon Musk ramped up his criticism of the cryptocurrency, before confirming Tesla has not recently sold any of its holding. This followed his announcement last week that the electric vehicle manufacturer would no […]

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Argo Blockchain share price jumps up on announcement Argo Blockchain (LON:ARB), confirmed on Friday that it has signed a crypto climate accord (CCA), alongside DMG Blockchain, in an effort to push forward decarbonisation of the crypto industry. The bitcoin mining firm announced that, in partnership with DMG Blockchain, it will develop a group set on […]

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Bitcoin price plummets as Musk backtracks on support for cryptocurrency Elon Musk back peddled on his support for bitcoin on Wednesday as the Tesla chief announced the company was suspending its plans to receive payments for its vehicles in the cryptocurrency. The electric car manufacturer drew attention to concerns over its consumption of fossil fuels […]

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Survey says 68% of people would be most likely to invest in Ethereum Ethereum, the decentralized, open-source blockchain developed by Vitalik Buterin in 2013, is becoming more and more popular. That is according to a recent survey, which said that 68% of people would be most likely to invest in the second largest cryptocurrency, behind […]

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Bitcoin down by 10% in 24 hours The bitcoin price has tumbled in recent days soon after reaching a record high. Since nearly getting to $65,000 on 14 April, following the Coinbase IPO, bitcoin is now down to $48,000. It represents a drop of 35% in the value of the pre-eminent crypto currency. The news […]

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Rishi Sunak referred to the currency as ‘Britcoin’ UK households could be using digital pounds to pay for goods sooner rather than later as the Treasury and the Bank of England (BoE) revealed plans to set up a task force to look into the idea. A central bank digital currency (CBDC), which would sit alongside […]

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Tesla Share Price Tesla shares rallied 8.6% on Tuesday, closing at $762.32, its highest point since February 2019. Yesterday’s advance was the largest rise in a single day since March 9, when Tesla jumped by nearly 20%. Since the turn of the year the company’s value is up by 8.03%. Bitcoin Bitcoin set a new […]

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Bitcoin record comes one day before Coinbase IPO Bitcoin has set a new all-time high on Tuesday, surging above $63,000, before retreating slightly. The pre-eminent cryptocurrency has been pushing up in recent weeks, and is up by over 7% in the last seven days. The record has come just one day before crypto exchange Coinbase […]

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Thiel suggests China wants two reserve currencies Co-founder of PayPal and venture capitalist Peter Thiel has expressed concerns that China could leverage bitcoin to weaken America’s position on the world stage. Thiel made the comments at a virtual round-table event hosted by the Richard Nixon Foundation earlier this week. Thiel, who described himself as a […]

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Bitcoin reached all-time high of $61,701 in March After a volatile month so far, bitcoin has somewhat stabilised as April nears. Having climbed above $61,000, before falling back down to $51,000, the cryptocurrency appears to have now consolidated at the $55,000 mark. Repeated attempts to surpass $60,000 have failed to materialise since bitcoin set its […]

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Non-US customers able to use bitcoin to buy Tesla later this year Tesla (NASDAQ:TSLA) chief Elon Musk announced on Wednesday that their cars can now be bought using bitcoin. Musk, who confirmed in February that the company has purchased $1.5bn worth of bitcoin, made the announcement via a tweet on Wednesday. With the continued volatility of […]

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The FTSE 100 briefly crept over the 6,800 mark for the first time since January on early Monday morning as figures emerged from China and the US stimulus package was signed into law by Joe Biden. According to a Deutsche Bank survey of online brokerage users, Americans are planning to use 37% of their cheques […]

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Bitcoin’s market cap worth $1trn After getting close towards the end of February, bitcoin broke above $60,000 over the weekend. The cryptocurrency’s previous all-time high of $58,332 was just under a month ago and has threatened on a number of occasions since to go past the $60,000 mark. While previous milestones have been surpassed in […]

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Norwegian gas and oil giant Aker ASA now investing in bitcoin Bitcoin rose for the fourth day in a row yesterday, briefly getting above the $55,000 mark. Heading into lunchtime on Wednesday the cryptocurrency is sitting at $54,863 following a slight retreat back. Its market cap is again above $1tn as investors ponder the prospect […]

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Gold trading below $1,700 Gold prices dipped below $1,700 on Friday as US non-farm payroll figures surpassed expectations. America added 379,000 jobs in February, significantly more than the 180,000 forecasted by economists. The market for the precious metal fell under pressure ahead of the employment statistics and lost ground in the immediate aftermath. The last […]

The post Gold slumps to a near nine-month low following non-farm payroll figures appeared first on UK Investor Magazine.

Bitcoin falls by 20% in five days Bitcoin is down by 9.53% in 24 hours following the cryptocurrency’s recent surge to record highs. The price of of the cryptocurrency is now valued at just above $46,000, down from $51,600 a day before. The cryptocurrency reached an all-time high of $58,000 on Sunday as a series […]

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Pressure to adopt bitcoin intensifies on Wall Street The world’s leading investment bank JP Morgan has revealed plans to trade bitcoin.  JP Morgan is the latest major player to back the cryptocurrency by saying it is looking at trading bitcoin “at some point” in the future.  Daniel Pinto, co-president of JP Morgan told CNBC on […]

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A day after Elon Musk tempted financial institutions into the world of crypto currencies, everything remained calm on the FTSE 100. While Ocado revealed positive results following a recent share price rally, the FTSE 100 index barely flinched, as it awaits further news.  Chris Beaucamp, chief market analyst at IG, described the lay of the […]

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Tesla will also accept payments in bitcoin Tesla announced on Monday that the company has purchased $1.5bn worth of bitcoin.  Tesla has said it established its bitcoin holding for “more flexibility to further diversify and maximize returns on our cash,” in a filing with the Securities and Exchange Commission.  Furthermore, Tesla will be accepting payments […]

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Bitcoin has surged to an all-time high of over $20,000. The cryptocurrency has surged 400% this year from $3,600 in March and rose 6% on Wednesday alone to hit $20,632 against the US dollar. The rally in Bitcoin comes after the cryptocurrency reached highs in 2017, hitting close to $20,000. By February it then crashed […]

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Data provided by Dutch financial services platform, Bankr , showed that between November 9 and December 8, Bitcoin miners collected a total of $551.45 million in revenue, with a daily average of around $18.38 million. The highest daily figure corresponded with a Bitcoin surge, which saw revenues hit $21.76 million on December 3. Meanwhile, the […]

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LSE-listed fintech, Mode Global Holdings (LON:MODE), has been on the right side of the recent Bitcoin surge, with the company reporting that in-platform trading volumes spiked by 950% between August and November. The company said that customers have been using their app to buy and hold Bitcoin as the cryptocurrency hit its highest price since […]

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Bitcoin surged to a 3-year high of $17,891 – its highest level since December 2017 – on Wednesday after surging almost 10% over the past 24 hours. The world’s most valuable cryptocurrency, Bitcoin is often lambasted by critics for its historically unreliable price. In March this year, it was trading at just $5000, but in […]

The post Bitcoin surges to 3-year high amid analysts’ caution appeared first on UK Investor Magazine.

While most pundits back a Biden victory, crypto betting operator Cloudbet has to date taken ‘hundreds of thousands of dollars’ in US election bets, most of which have put their Bitcoin on a Trump victory. At one point, the Economist said there was a 90% probability that Biden would win more electoral colleges than his […]

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Trying to manage money during a global pandemic is challenge enough, but trying to position yourself as an investor in an uncertain climate is an even greater cause for sleepless nights. The predominant issue here is uncertainty. Not necessarily over what the virus will do next, but the week-by-week adjustments in political policy that are […]

The post Fortune 500 data scientist backs tech rally but gold and bitcoin could see volatility appeared first on UK Investor Magazine.

Twitter (NYSE:TWTR) stated that the large-scale hack which took place two weeks ago on its platform, was perpetrated by fraudsters looking to peddle a cryptocurrency scam from the accounts of genuine politicians and celebrities. The hack was carried out via ‘spear-phishing’, whereby Twitter staff open bogus emails which snatch their personal credentials, and allow criminals […]

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Trendy investment opportunities such as Tesla (NASDAQ:TSLA) shares and Bitcoin may be overlooked by bears and sceptics alike because of their volatility, but when handled with good judgement – and luck – they can also be wildly lucrative. This article is testament to that fact, as it shows how in only eight steps and a […]

The post How investing £3k in Tesla and Bitcoin could have made you £150k in a year appeared first on UK Investor Magazine.

Bitcoin – the world’s largest cryptocurrency – rose above $10,000 on Monday for the first time in more than 6 weeks, alongside risk asset gold hitting an all-time high of $1,940. According to Bloomberg, Bitcoin opened at $10,169 at 6am in New York, wavered a little in the early trading hours before rallying to $10,335. […]

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Elon Musk has hardly been left in want of Twitter (NYSE:TWTR) controversy in recent weeks, after his costly tweet and subsequent departure as Tesla (NASDAQ:TSLA) Chairman. However, this recent debacle only involved Musk in name. This time around, Musk’s identity was hijacked in order to carry out yet another Bitcoin scam, adding to the ongoing […]

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The Bitcoin price faces increased pressure as action and scrutiny against the world’s largest cryptocurrency continues. Despite reaching highs of almost 20,000 USD towards the end of 2017, Bitcoin has fallen almost 56% since the start of 2018, and on Sunday alone fell five percent from 5,920 to 5,825 USD. Last week saw the largest […]

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