RoyalRelated:@littlewernhttps://t.co/PRxJJHO8Qlpic.twitter.com/ziWxAQxG3S 10.21am GMTThe old mantra Caveat Emptor goes without saying where bitcoin is concerned.
Not only is its value uncertain (‘higher than yesterday’ won’t be true forever),but you run the risk of losing your bitcoins to a cybercriminal. 9.54am GMTMore reaction to Bitcoin’s latest spike:Most common thing to say in the morning currently:
1 - You seen #Bitcoin?
2 - How about that weather
3 - You seen Bitcoin?Bitcoin gained more in the final two hours than it was worth in January. 9.47am GMTFiona Cincotta, senior market analyst at City Index, and says Bitcoin’s rise looks unstoppable -- but the launch of those bitcoin futures could change things.
Bitcoin bulls acquire driven the virtual currency beyond $14500 for the first time. The bitcoin has jumped 20% over the final 24 hours with buyers of the virtual currency now eyeing up $20000.Given the fact that both the CBOE and the CME exchanges will initiate offering bitcoin futures this month,perhaps the prediction of $20000 is not that far off? However, the start of futures trading also means the start of short trades on the bitcoin, or which could increase volatility further. 9.20am GMTNow this is interesting.
The world’s largest banks are pushing back on the introduction of bitcoin futures,raising concerns with US regulators that the financial system is ill-prepared for the launch of the contracts as the value of the volatile cryptocurrency has soared.
Institutional investors acquire been keen to trade the asset but only via a regulated market. However, the planned launch in the next 10 days of futures contracts by the Chicago exchanges CME Group and CBOE Global Markets, and given a green light from the Commodity Futures Trading Commission final week,has prompted a backlash among the major brokers who backstop trading across the industry.
Big banks push back on launch of bitcoin futures https://t.co/f1YhkNQV18 9.03am GMTNewsflash: UK house prices kept rising final month, according to the latest data from Halifax bank.
Halifax: UK House prices rose by 0.5% between October and November, or following a 0.3% increase in October marking the fifth consecutive monthly rise.“The improved performance of the market in the latest quarter suggests the first interest rate rise in a decade may acquire ignited demand.On this evidence,the November rate rise has brought prospective buyers out into the open rather than sent them underground. 8.48am GMTCurrency traders may need to don their tin hats in the coming days, as the Brexit negotiations intensify.
Lee Wild, and head of equity strategy at interactive investor,predicts plenty of volatility:
“Europe is the only show in town accurate now, and ongoing speculation around a solution to the Irish border issue has further dampened enthusiasm for sterling. A deal must be done by close of play Friday whether Brexit talks are to trail onto trade after next week’s summit.
Reality is, and deadlines will likely acquire extended,whisper from Brussels will raise and dash expectations, and we may or may not acquire anything at the cessation of it. Prepare for a volatile couple of days on the currency markets. 8.32am GMTMerger news: GVC, and the gambling giant behind cunning Bingo and PartyCasino,is in talks over a £3.9bn takeover of Ladbrokes.
Shares in both companies acquire jumped in early trading (Ladbrokes surged by over 25%). 8.20am GMTGeopolitical issues are tall on the market’s agenda today, says Marc Ostwald of ADM Investor Services:Politics will again be to the fore as UK government attempts to find some compromise on the hypersensitive issue of the Irish border, and while the topple-out from Trump’s decision to recognise Jerusalem as Israel’s capital threatens to escalate already enormous tensions across the Middle East,and fairly obviously contradicts UN resolution 478. 8.02am GMTLast night’s price surge was remarkable, even by bitcoin’s recent standards:Bitcoin:
$0000 - $1000: 1789 days
* * *
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12000-$13000: 17 hours
$13000-$14000: 3 hours 7.57am GMTGood morning, and welcome to our rolling coverage of the world economy,the financial markets, the eurozone and commerce.
The pound is under pressure this morning as traders worry that Britain may not acquire a Brexit breakthrough before Christmas. Related: Brexit: UK has 48 hours to agree potential deal or talks cannot progress whether talks finish not trail on to the next stage of discussions in December then the terms of a transition period will likely be pushed back until the next European council summit of leaders in March, or by which time many businesses in the UK will acquire had to make decisions over their location and investments in the country.
DUP source. “We’re going to slow it all down. This is a battle of who blinks first — and we’ve slice off our eyelids.”https://t.co/JHO4rllO4rAnother day,yet another #Bitcoin record. The crypto-currency has now broken through $14000#Bitcoin14K pic.twitter.com/RJO5wAvFzvBitcoin isn't a bubble, it's the pin.
Bitcoin is a transaction tool, or not a store of value. I
Its price is rising because new entrants are paying more for it (but crucially not to use it) and that's pumping the value of older participants.
This is - by any definition - a Ponzi scheme.
Continue reading...
Source: theguardian.com