Columnist Colin Wu (@wublockchain on Twitter) stated that: This caused some panic in China. However, the Chinese government said it was only conducting an investigation. Data centers are difficult to use for Bitcoin mining, and are mainly used for ETH Filecoin. The emergency notice is now said to have been issued as routine from the…
Read more
The Financial Conduct Authority (FCA) released a new policy statement on its website announcing that all UK crypto firms must now submit financial crime reports on a yearly basis, regardless of annual revenue. Within the new financial crimes reporting sphere are cryptoasset business, following plans released eight months ago alluding to the policy change. The…
Read more
Environmental Backlash As the network expands, the time for analysing it also grow and with it, its energy consumption. According to the Cambridge Centre for Alternative Finance, Bitcoin currently consumes approximately 121.36 terawatt-hours (TWh) a year. This number is higher than the energy consumption of Argentina (121 TWh), the Netherlands (108.8 TWh), and the United…
Read more
CAPEX.com’s crypto offer includes: Bitcoin Cash Bitcoin Spot Ethereum USD Ethereum EUR Litecoin USD Litecoin EUR Ripple Wasim Zayed, the Executive Director at Key Way Investments Ltd, the company operating CAPEX.com under its CySEC regulation, commented: Educating our clients sits at the heart of our strategy. We've always been bound to rendering the best knowledge…
Read more
Not only has Coinbase facilitated major purchases from Tesla, but its agency OTC desk also acted as the primary execution partner for a multi-billion bitcoin investment throughout last year for business intelligence service, MicroStrategy. Instead of executing client trades on an exchange, the OTC agency unit earns its commission by completing client deals directly between…
Read more
He allegedly engaged in various efforts to conceal his misconduct – he misrepresenting his trading profitability and the amount of assets he had under management, misappropriated customer funds, and issuing false performance statements. The complaint stated that Spence eventually admitted to his customers that he had engaged in “lies and deceit.” Acting Director of Enforcement…
Read more
What to watch Nike: One of the earnings highlights of the week, sports apparel giant Nike will deliver its latest quarterly report on Friday after the market close in the US. The firm has added 39% to its share price in 2020, on the back of a strong online presence and Chinese market demand. Wall…
Read more
Bitcoin broke records yesterday by soaring through its previous all-time high, up more than 15% in the past 24 hours. At the time of writing yesterday, bitcoin was trading around $22,838 – well above any previous high achieved by the cryptoasset. In its wake other peers such as ethereum are also soaring. ETH has hit a…
Read more
What to watch Accenture: Technology consulting giant Accenture has gained 17.5% in 2020, taking its market cap past the $150bn mark, despite a muted environment for corporate IT spending, which makes up a substantial portion of the firm’s business. The firm delivers its latest set of quarterly earnings today, months after announcing its “Cloud First”…
Read more
Other popular cryptocurrencies, including ethereum (ETH, +6.02%), litecoin (LTC, +7.3%) and XRP (+7.04%) are still down 58% to 88% from their respective lifetime highs reached three years ago. Bitcoin has double its price in the past three months. Unlike its previous rally in 2017, when the demand came from the retail market, this time it’s…
Read more