Category FinanceInvesting

Elon Musk breaking up with Bitcoin? Cryptocurrencies slide after cryptic tweet

id=”article-body” class=”row” section=”article-body”


The cryptocurrency rollercoaster continues.

Getty/Jordan Mansfield

and other popular cryptocurrencies are down Friday after a cryptic tweet from and CEO appeared to suggest he’s ready to break up with the digital coin. 

On Thursday evening, Musk on Twitter along with #Bitcoin and a broken heart . Following the tweet, Bitcoin fell more than 4.5% to around $36,823 as of 9 a.m. PT on Friday. Ethereum, Dogecoin and other cryptocurrencies were also down. 

In May, Musk announced in a tweet that as a form of payment for forex trading ro...

Read More

Bitcoin blow as HSBC vows to steer clear of the cryptocurrency

2 years ago

Bitcoin was dealt a fresh blow after HSBC’s chief executive declared the bank would not touch it.

Noel Quinn said the lender will not offer the crypto-currency to clients, blaming its volatility and lack of transparency.

The stance is in contrast to rivals such as Goldman Sachs, which in March started a crypto-currency trading desk, while established fund management giants like Fidelity are offering bitcoin to clients.

Crypto snub: HSBC chief exec Noel Quinn said the lender will not offer Bitcoin to clients, blaming its volatility and lack of transparency

Quinn said: ‘Given the volatility we are not into bitcoin as an asset class.If our clients want to be there then of course they are, but we are not promoting it as an asset class within our wealth management business.

Read More

The London Podcast Festival wants to push you out of your comfort zone

id=”article-body” class=”row” section=”article-body”


The Guilty Feminist negotiates the space between our good intentions and our hypocrisies. Also, it’s funny.

King’s Place

The attracts . That was the verdict on social media in 2017, when the gathering was still new and Londoners were still new to of being surrounded by fellow podcast obsessives.

Three years after its 2016 launch, the festival has grown from a three-day event to a two-weekend spectacular. It returns to in London this Friday, bringing some of Britain’s most beloved podcasts to the venue’s three rooms, along with popular US shows.

“Really, all people mean when they say nerdy is that people are really passionate and enthusiastic about something...

Read More

Bitcoin holds steady above $40,000 after plunging 30% in a day

 slumped back below $40,000 amid reports the Treasury Department wants all cryptocurrency transactions over $10,000 to be declared to the IRS 

In a report issued on Thursday, the Treasury described new compliance proposals from President Joe Biden, including mandatory tax reporting for transactions of $10,000 or more for Bitcoin and its rival cryptocurrencies. 

Explaining the proposal, a Treasury Department spokesman said: ‘Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion. 

‘This is why the President’s proposal includes additional resources for the IRS to address the growth of cryptoassets.

‘Within the context of the new financial account regime, cryptocurrencies and cryptoasset exchange accounts and payment s...

Read More

Teacher was told Elon Musk would double her Bitcoin investment in scam

A teacher lost £9,000 that she had hoped to use as a house deposit after falling victim to a scam that promised would ‘double her investment’.

Julie Bushnell, from Farnborough in Hampshire, lost thousands of pounds after visiting a fake  News website that said the billionaire was having a Bitcoin ‘giveaway’.

The website, which is made to look like BBC News and is still active, advertised that Mr Musk had bought $1.5billion worth of Bitcoin and was doubling people’s cryptocurrency investments.There is no suggestion Mr Musk was involved in the scam. 

An active trader herself, the Brighton teacher and mother thought to take advantage of the eccentric Tesla CEO’s generosity, but quickly realised she had been a victim of fraud.

Con artists were able to swindle £9,000 out of Ms Bushnell, wh...

Read More

More than 2m Britons now invest in cryptocurrencies like bitcoin

Bitcoin and other cryptocurrencies have captured Britons’ attention, but new research shows an increasing number are making speculative investments without a clear understanding of the risks involved and may be borrowing to do so.

With bitcoin teetering around $40,000 a coin and other cryptocurrencies rising to new heights, crypto has, for some, become a genuine alternative to traditional investments.

The Financial Conduct Authority’s latest consultation paper estimates that around 2.3million Britons now own cryptocurrencies, up from 1.9million. 

It represents a leap of 3.9 per cent to 4.4 per cent of the adult population now holding crypto.

Bitcoin bonanza: More than 2million Brits now own a form of cryptocurrency

The research was conducted in January, when the price was roun...

Read More

Tesla's bitcoin value dives; Musk signals hold with `diamond hands´…

By Hyunjoo Jin, Sinéad Carew and Akanksha Rana

May 19 (Reuters) – The market value of Tesla Inc’s bitcoin holdings have fallen by half to $1.26 billion, close to the electric car maker’s purchase cost, as the cryptocurrency’s value plunged following a crackdown by the .

Shares of Tesla Inc were 3% lower on Wednesday afternoon, down more than broader indices. Chief Executive Elon Musk signaled that the company still is not selling, tweeting symbols for forex hacked robot download diamond hands website to his 55.3 million followers.

“Diamond Hands” is a symbol used frequently on Reddit signaling the intention to stubbornly hold on to a stock or other asset.

Musk credited Tesla’s “Master of Coin,” referring to the title he has given Chief Financial Officer Zachary Kirkhorn.


Read More

Prof watching porn forgets to unhook laptop from projector

id=”article-body” class=”row” section=”article-body”

Just one of the mottos of Wageningen University.

Arzillano/YouTube Screenshot by Chris Matyszczyk/CNET

The pressure on the world’s educators is enormous.

They are asked to mold genius from raw material that wouldn’t fetch much on the commodity exchanges.

It’s hardly surprising that they need to find outlets of relaxation wherever and whenever they are able.

Who, then, could not have sympathy with the professor who visited Wageningen University in the Netherlands, only to have technological misfortune visited upon him?

for its patrolling of , which was alerted by a .

The Dutch seemed keen on pointing out that the unfortunate professor was Belgian, as if a Dutch professor would never succumb to such behavior.

Oh, I almo...

Read More

FOREX-Dollar set for first winning week in three with Fed in focus

By Kevin Buckland TOKYO, Sept 10 (Reuters) – The dollar headed for its first winning week in three on Friday after rebounding from a payrolls-induced sell-off, as investors continued to ponder the timing of a tapering of Federal Reserve stimulus.

The dollar index, which gauges the greenback against six major peers, was little changed on the day at 92.541, remaining on course for a 0.49% weekly rise. Last Friday, it sank to the lowest since Aug. 3 after data showed the U.S. economy created the fewest jobs for seven months, reducing the odds of an imminent reduction of the Fed’s asset-purchase programme.

Since then, a number of officials have come out to suggest a taper is still likely this year though, including Fed Governor Michelle Bowman, who said overnight that the weak August labour r...

Read More

Rising environmental cost of Bitcoin as Elon Musk backs away

Bitcoin’s value was still down 8.85% percent over the 24 hour period since ‘s shock announcement that Tesla will no longer accept as a form of payment due to environmental factors.  

Musk’s announcement on Wednesday evening initially caused a huge 17 percent drop in the price of the world’s largest cryptocurrency, but it recovered slightly during the day.

It comes after the billionaire Tesla CEO made an abrupt turn-about when he revealed his electric vehicle company will no longer accept the cryptocurrency as payment for his cars.

His revelation, which followed months of him boasting of his and Tesla’s investment in Bitcoin, initially saw the coin’s price plunge wipe off an estimated $365 billion from the entire cryptocurrency market.   

Tesla had bought about $1...

Read More