Argo Blockchain (LON: ARB) is the worst Main Market performer following the placing and PrimaryBid offer. This raised £5.7m at 10p/share and the market price slumped 19.6% to 10.85p. The cash raised will help to reduce the debt of the cryptocurrency miner and thereby cut the interest charge. Debt was £59.1m, including a £25m asset-backed […]

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Argo Blockchain (LON: ARB) has secured a deal that will reduce the crypto currency miner’s debt by £34m and enable it to continue in business. The shares bounced back from suspension and are two-thirds higher at 6.25p, having been around 8.7p early in the day. Galaxy Digital Holdings (TSX: GLXY) is acquiring Argo Blockchain’s Helios […]

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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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Kasei Holdings is the second of three Aquis new admissions this week. The investment company intends to build up a portfolio of investments in cryptocurrencies and blockchain. The objective is capital growth. There should be around £3.7m available for investment, although 10% of that will be required for working capital. The costs are being kept […]

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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 […]

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FCA issued a warning to Brits using the crypto exchange Binance, one of the world’s largest crypto exchanges, has been told to halt its activities by the Financial Conduct Authority (FCA), one of the largest cryptocurrency exchanges in the world. In addition to ruling that Binance cannot conduct any “regulated activity” in the UK, it […]

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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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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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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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Scottish Mortgage Investment Trust Share Price As the graph below demonstrates, it has been an interesting year so far for the Scottish Mortgage Investment Trust share price. After being relatively untroubled during the pandemic, and even seeing its growth soar through 2020, it finally faced some bumps in the road in 2021. With the tech […]

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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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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 […]

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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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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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With no overstatement, the ascendancy of cryptocurrencies is one of the most intriguing ripples in the financial scene in recent times – if as much theoretically as practically. However, the hype seems to have somewhat dampened in the last year or so following the Bitcoin crash, which saw its value fall from £14,748 to £2,529 […]

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