tag:blogger.com,1999:blog-48496754763574163442024-03-14T12:53:38.745+00:00Melbal Business News And DirectoryMelbal Business News And Directory, publishing current business news, reviews and articles in various business categories. A Business news directory.Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.comBlogger8873125tag:blogger.com,1999:blog-4849675476357416344.post-58486835067400189302021-06-30T00:34:00.005+01:002021-06-30T00:34:25.723+01:00Binance ban: Cryptocurrencies to become 'Facebook of tomorrow' if they adapt to ban<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1456140.jpg" class="ff-og-image-inserted" /></div>
<p>"Regulation was a given, which may come as a disappointment to crypto die-hards, but the writing has been on the wall for years.</p>
<p>"Those that work within these boundaries will become the Amazons, Googles, and Facebooks of tomorrow, while the edgier projects may find it increasingly difficult to operate."</p>
<p>The FCA isn't the only body in the UK cracking down on cryptocurrencies.</p>
<p>Following the organisation today, NatWest announced a decision to cap cryptocurrency payments.</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-23961825490906321722021-06-30T00:34:00.003+01:002021-06-30T00:34:25.213+01:00Bitcoin nightmare as Binance customers locked out of UK transactions – price crash fears<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1456119.jpg" class="ff-og-image-inserted" /></div>
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<p>Binance customers have lost the ability to withdraw or add pounds sterling to the online cryptocurrency exchange. The site currently said that sterling transactions using bank cards had been “suspended for maintenance”. This effectively stops two methods for pulling sterling from the platform, according to Binance’s website.</p>
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<p>However, Binance said on Tuesday that it expected faster payments with sterling “should be available” again later in the morning.</p>
<p>The cryptocurrency firm did not comment on when or if card payments would be restored.</p>
<p>The news comes after UK's Financial Conduct Authority, FCA, said that Binance Markets Limited “is not permitted to undertake any regulated activity in the UK.”</p>
<p>Binance wanted to launch a UK-based exchange using its London-based affiliate Binance Markets Ltd.</p>
<p><strong>READ MORE: Shiba Inu rival: What is Sanshu Inu coin – and can it beat SHIB?</strong></p>
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<p>On Sunday, Binance spoke to the Financial Times and said that “the FCA UK notice has no direct impact on the services provided on Binance.com".</p>
<p>The company added: "Our relationship with our users has not changed."</p>
<p>Binance customers took to Twitter on Monday and Tuesday to complain about the sterling withdrawal outage.</p>
<p>A payments processor company, called Checkout.com, confirmed on Monday that it has been handling credit and bank card transactions for Binance.</p>
<p>However, the company said in a statement “we don’t have any relationship with Binance Markets Limited".</p>
<p>The company added: "Therefore we are not in a position to provide any comment.</p>
<p>“We continue to monitor the ruling by the FCA closely.</p>
<p>"We hope to ensure Checkout.com is in compliance with all regulatory orders."</p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-49915222458010977022021-06-30T00:34:00.001+01:002021-06-30T00:34:24.656+01:00What is Dogecoin price today? Elon Musk tweets support for 'important' change<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1456084.jpg" class="ff-og-image-inserted" /></div>
<p>Although Dogecoin has gained a lot of interest in recent months, it isn't clear whether Dogecoin has the potential to be as successful as other cryptocurrencies like Bitcoin and Ethereum in the long run.</p>
<p>Michael Kamerman, CEO of Skilling, told<span> </span>Express.co.uk: "Whether or not it goes up or down from here is anyone’s guess but the cryptocurrencies that seem the most volatile to plunges like we’ve seen recently are those not backed by too many real-world use cases like Dogecoin.</p>
<p>"In my view, cryptos that underpin real-world use cases, like Ether, will remain big as there is more than speculators propping up their value.”</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-19760804242328431202021-06-29T15:34:00.003+01:002021-06-29T15:34:52.592+01:00Bitcoin ban news: Cryptocurrencies 'virtually impossible' to crackdown on - expert<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1456035.jpg" class="ff-og-image-inserted" /></div>
<p>He told Express.co.uk decentralised currency is, by nature, near impervious to attempted crackdowns.</p>
<p>Attempts will only serve to bolster trust in the decentralised method, in the end, he said.</p>
<p>Dr Barbon said: “Cryptocurrencies’ primary purpose is to avoid government censorship, and their decentralised nature makes it virtually impossible for ‘crackdowns’ to be effective.</p>
<p>"The longer-term impact of government attempts to control cryptocurrencies might be positive, as they showcase the censorship-resistance of blockchain technology."</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-29150325470031126602021-06-29T15:34:00.001+01:002021-06-29T15:34:52.242+01:00Nissan's new 'gigafactory' to create 2,000 jobs in UK<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1455890.jpg" class="ff-og-image-inserted" /></div>
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<p>The UK’s biggest carmaker is expected to confirm the news later in the week. Reports indicate the factory, expected to be an expansion of its base in Sunderland, could create thousands more jobs indirectly. The UK Government is understood to be contributing towards the cost of setting up the battery-producing plant on Wearside, where electric vehicles are already made.</p>
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<p><span>The size of the Go</span>vernment’s contribution has not been disclosed but the project is expected to cost hundreds of millions. Nissan refused to confirm the reports yesterday but a spokesman said: “Having established EV and battery production in the UK in 2013 for the Nissan Leaf, our Sunderland plant has played a pioneering role in developing the market.</p>
<p><span>“As previously announced, we will continue to electrify our line-up as part of our global journey towards carbon neutrality, however, we have no further plans to announce at this time.”</span></p>
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<p><span>All new petrol and diesel cars and vans will be banned from sale in 2030 under Government plans to limit the impact on the environment.</span></p>
<p><span>A Japanese media firm last month reported that Nissan would partner with China-based battery maker Envision to build new battery plants in the UK and Japan.</span></p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-69448822830413264792021-06-29T06:34:00.001+01:002021-06-29T06:34:47.089+01:00Bitcoin price crash warning: State crackdown could make cryptocurrency ‘fall to zero’<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1455045.jpg" class="ff-og-image-inserted" /></div>
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<p><span>The warning came from Billy Bambrough, who regularly writes about crypto for Forbes. </span>Over the past year the value of Bitcoin soared, climaxing at over $60,000 per coin in April before falling back to $31,000.</p>
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<p><span>Speaking to Express.co.uk, Mr Bambrough warned its value could fall dramatically if nation states make a concerted attempt to suppress the currency.</span></p>
<p><span>Asked whether Bitcoin is vulnerable to government pressure he replied: “I think very vulnerable in a practical sense.</span></p>
<p><span>“The power of the state still comes from the threat of imprisonment or physical harm.</span></p>
<p><span>“If a government or state wanted to stop people using Bitcoin they would say anyone who uses Bitcoin is going to get arrested and people would stop using it.</span></p>
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<p><span>“If the threat from the state was significant enough it would deter people from using Bitcoin.</span></p>
<p><span>“There is a very good possibility that governments around the world decide that Bitcoin should no longer exist and they work together to make it a highly punishable offense to run a Bitcoin node, which is hooking your computer up to the Bitcoin network, mining Bitcoin, which is directing processing power towards the Bitcoin network, or trading Bitcoin.</span></p>
<p><span>“If doing any of these three things came with significant time in jail then people would just stop using it and the distribution of the Bitcoin network would shrink and shrink and shrink and so it wouldn’t be so decentralised, and it wouldn’t be as incorruptible or unhackable, and eventually it would get hacked and the value of Bitcoin would fall to zero.”</span></p>
<p><span>States around the world have adopted very different policies towards Bitcoin and other cryptocurrencies.</span></p>
<p><strong>READ MORE: Bitcoin and crypto price rallies after 2021 low</strong></p>
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<p><span>“China we’ve seen doesn’t particularly like people doing things with Bitcoin that it can’t manage, control and regulate very tightly.</span></p>
<p><span>“Other countries like El Salvador are interested in allowing Bitcoin to flourish.</span></p>
<p><span>“So if Bitcoin gets chased out of China it’s likely just to go somewhere else.”</span></p>
<p><span>Some states are considering launching their own central bank-controlled cryptocurrencies.</span></p>
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<p><span>The Bank of England has been looking into starting a currency, nicknamed ‘Britcoin’.</span></p>
<p><span>Mr Bambrough argued a central government attack could sharply reduce Bitcoin’s value, even if it isn’t destroyed entirely.</span></p>
<p><span>He said: “There is this chance that a crackdown by governments will weaken Bitcoin and potentially send the price significantly lower.</span></p>
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<p><span>“I think it’s unlikely it will kill Bitcoin entirely.</span></p>
<p><span>“Bitcoin will always manage to hold on and stick around, but potentially at a much smaller price and level of distribution than it currently has.</span></p>
<p><span>“There’s a good possibility that something like this could happen.”</span></p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-9293807165619453782021-06-28T21:34:00.001+01:002021-06-28T21:34:44.101+01:00Binance ban UK: Can you still use Binance in the UK? 'This feels like a long time coming'<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1455631.jpg" class="ff-og-image-inserted" /></div>
<p>The exchange, which allows customers to buy bitcoin and other tokens, is based in the Cayman Islands.</p>
<p>So in essence, UK customers should still be able to use the Binance.com website to make their cryptocurrencies.</p>
<p>In a series of tweets published on June 27, the company said: "We are aware of recent reports about an FCA UK notice in relation to Binance Markets Limited (BML).</p>
<p>"BML is a separate legal entity and does not offer any products or services via the Binance.com website.</p>
<p>"The Binance Group acquired BML May 2020 and has not yet launched its UK business or used its FCA regulatory permissions."</p>
<p>The company went on to say it takes a collaborative approach with regulators and takes compliance obligations "very seriously".</p>
<p>Binance also stressed: "Our relationship with our users has not changed."</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-87461257364610055242021-06-28T13:34:00.001+01:002021-06-28T13:34:30.895+01:00Cryptocurrency price LIVE: UK bans leading crypto exchange in major crackdown - new alert<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1455356.jpg" class="ff-og-image-inserted" /></div>
<p>Bitcoin price has suffered a huge hit over recent weeks due to China’s crypto mining crackdown.</p>
<p>Elon Musk's concerns over bitcoin's energy use has also helped wipe more than $1 trillion from the market.</p>
<p>Michael Saylor, the chief executive of business intelligence software company-turned bitcoin accumulator Microstrategy, has warned this could be a "trillion-dollar" mistake.</p>
<p>He told Bloomberg: "I think, given the bitcoin growth rate, this will prove to be a trillion-dollar mistake for China.</p>
<p>"It's a tragedy for Chinese miners [and] it's a geopolitical mistake for China the country - but I suppose they could afford to make a trillion-dollar mistake."</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-59979723689968545532021-06-27T19:34:00.003+01:002021-06-27T19:34:40.744+01:00Ethereum price prediction: ETH could soar to $20,000 in 2025 amid 'major changes'<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1455245.jpg" class="ff-og-image-inserted" /></div>
<p>Long-awaited upgrades to the Ethereum network, which kicked off at the end of 2020 and designed to help ETH scale and reduce its pricey costs, could help it reach never-before-seen heights.</p>
<p>Panel member and BitBull Capital chief operating officer Sarah Bergrstrand said: “We are likely to see major upgrades to the Ethereum network this year, and those can be expected to push the price higher.</p>
<p>Ms Bergstrand is very optimistic for Ethereum, predicting it could reach a staggering $100,000 by the time 2025 comes around.</p>
<p>The soaring popularity of DeFi, the process of using crypto technology to recreate traditional financial tools like loans and interest designed to replace the role of banks with blockchain-based protocols, has given Ethereum a helping hand in climbing over the last year.</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-60845679571733945652021-06-27T19:34:00.001+01:002021-06-27T19:34:40.086+01:00Bitcoin soars 10% in huge bounce back as hashrate rises despite China crackdown<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1455180.jpg" class="ff-og-image-inserted" /></div>
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<p>China's State Council announced it would crack down on bitcoin trading and mining in late May of this year. After the local government of Sichuan issued a ban on crypto mining a week ago, the hashrate dropped substantially. China's ban drove cryptocurrency miners overseas and the offlining of so many mining rigs is set to cause the mining difficulty level to drop. The cryptocurrency value went up from $30,513 to $33,563, at one point spiking in a surge of 9.2 percent.</p>
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<p>Now the hashrate is rising as miners outside of China take advantage of the new coming difficulty level change, with one expert claiming this shows the "underlying integrity of bitcoin’s protocol".</p>
<p>Speaking to Express.co.uk Max Keiser said: "You don’t fix bitcoin, bitcoin fixes you.</p>
<p>"China’s economy is structurally unstable due to corruption and debt.</p>
<p>"They simply couldn’t handle the underlying integrity of bitcoin’s protocol."</p>
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<p>On Saturday, bitcoin’s hashrate managed to climb back above the 100 exahash per second level.</p>
<p>Because of Beijing's ban on mining and the offlining of the operations in China, the hashrate had fallen to a low of 91 EH/s three days ago.</p>
<p>The bitcoin network’s mining difficulty change is coming and it could see the difficulty drop by over 20 percent allowing small mining operations to become profitable.</p>
<p>The network’s mining difficulty is currently at 19.93 trillion and the change could bring it to 15.83 trillion next week.</p>
<p><strong>READ MORE: Bitcoin and crypto price rallies after 2021 low</strong></p>
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<p>In the last 24 hours, it saw an 8.19 percent increase with bitcoin rising to a high of $33,496.68.</p>
<p>China's sweeping ban on cryptocurrency mining last week temporarily paralysed the industry.</p>
<p>Over half of global bitcoin production was centred in China</p>
<p>However, now miners are fleeing the country to seek refuge in places such as Texas, and Kazakhstan.</p>
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<p>Last week, speaking to Reuters, Mike Huang, operator of a crypto-mining farm in the southwest province of Sichuan said: "Many miners are exiting the business to comply with government policies."</p>
<p>The Financial Conduct Authority has just ordered cryptocurrency exchange Binance that it must stop any regulated activities without its prior written consent.</p>
<p>Speaking about institutional aversion to bitcoin in the UK and how it is similar to the crackdown in China, Mr Keiser said: "Britain is similarly mired in corruption and self-deceit.</p>
<p>"The British people are starving for the integrity of bitcoin.</p>
<p>"The government won’t have it.</p>
<p>"I predict an insurrection."</p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-89832526818002915452021-06-26T17:34:00.001+01:002021-06-26T17:34:26.484+01:00Bitcoin price crash prediction: Climate fears could ‘kill off’ cryptocurrency warning<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1454759.jpg" class="ff-og-image-inserted" /></div>
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<p><span>Bitcoin exploded in value over the last year, with one token worth more than $60,000 for a time in April. </span>However it has since fallen dramatically and is now worth $34,175.</p>
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<p><span>Concerns about environmental damage have been blamed in part for this decline.</span></p>
<p><span>In May Elon Musk announced Tesla will no longer accept payment in Bitcoin over climate concerns.</span></p>
<p><span>Bitcoin mining, which produces virtual coins, is a very energy-intensive process.</span></p>
<p><span>Speaking to Express.co.uk Billy Bambrough, a crypto expert who writes for Forbes, argued the currency “probably can’t” totally overcome this problem.</span></p>
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<p><span>He explained: “Bitcoin creates digital scarcity through using energy in the real world. It needs to use this energy to do what it needs to do.</span></p>
<p><span>“As renewable energy becomes cheaper and easily usable we will see Bitcoin’s carbon footprint go down, but we won’t see its overall energy use go down I don’t expect.</span></p>
<p><span>“If Bitcoin remains popular and legal I can’t see its energy use going down at all really.</span></p>
<p><span>“If we use green energy more then its carbon footprint will go down but not its energy use.</span></p>
<p><strong>READ MORE: Bitcoin and crypto price rallies after 2021 low</strong></p>
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<p><span>“I think the energy demands, the use in ransomware and by criminals generally, these things are not ever going to be completely removable for Bitcoin.</span></p>
<p><span>“And as a result we could see countries decide to say ‘no more Bitcoin’, and anyone who’s caught using Bitcoin or mining Bitcoin or hooking up to a Bitcoin node will be arrested.</span></p>
<p><span>“If that happens, we could realistically see no more Bitcoin.</span></p>
<p><span>“Environmental policies and concerns are very top of mind at the moment, and growing in importance for a lot of people, so it could well be the thing that does kill off Bitcoin.</span></p>
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<p><span>“It’s hard to say. If lots of miners do start using solar or wind or hydro-electric or geothermal energy it will significantly reduce the carbon footprint, but it will still have a carbon footprint that’s quite sizable.”</span></p>
<p><span>Bitcoin was first used in 2009, having been created by an unknown persons or persons using the name Satoshi Nakamoto.</span></p>
<p><span>Earlier this year China launched a major crackdown on Bitcoin miners.</span></p>
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<p><span>Mr Bambrough claimed Bitcoin remains “vulnerable” to state interference.</span></p>
<p><span>He commented: “If a government or state wanted to stop people using Bitcoin they would say anyone who uses Bitcoin is going to get arrested and people would stop using it.</span></p>
<p><span>“There is a very good possibility that governments around the world decide that Bitcoin should no longer exist, and they work together to make it a highly punishable offense to run a Bitcoin node, mining Bitcoin, or trading Bitcoin.”</span></p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-50134429026404166542021-06-25T23:34:00.003+01:002021-06-25T23:34:28.351+01:00Crypto warning: THREE things experts want you to be aware of about cryptocurrency<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1454766.jpg" class="ff-og-image-inserted" /></div>
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<p>The Financial Conduct Authority (FCA) published research this month which found 2.3 million people have crypto assets in the UK, a sharp rise from 1.9 million people last year.<span> </span>Express.co.uk<span> </span>spoke to cryptocurrency experts about some of the major risks involved with investing in cryptocurrency.</p>
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<h2>Crypto scams</h2>
<p>As the cryptocurrency market has expanded, many people have fallen victim to crypto scams.</p>
<p>Cryptocurrency expert Erica Stanford, lecturer in cryptocurrency at Warwick Business School, crypto network founder and author of Crypto Wars: Faked Deaths, Missing Billions and Industry Disruption?, told<span> </span>Express.co.uk: "The most spoken about is the risk of falling victim to one of the many scams affecting the crypto space.</p>
<p>"Sadly, as with any emerging technology – but it’s far more extreme in the space of digital money, where gains can be high – many opportunists have taken advantage of the hype and there are many scams out there, often vast and very sophisticated.</p>
<p>"These scams use clever marketing, often multi-level-marketing, and stop at nothing to target their victims. One has to be alert."</p>
<p><strong>READ MORE: State pension age: Will the DWP increase it again following probe?</strong></p>
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<h2>Volatility of crypto markets</h2>
<p>One of the "most prevalent" risks of investing in cryptocurrency is the volatility of crypto markets.</p>
<p>Ms Stanford said: "Crypto markets are highly manipulated, and prices can spike, and crash, by tens of percent in a day.</p>
<p>"There are so many factors that influence these markets – from individual tweets to changes in a government’s policy – and these factors can’t be predicted, so it can be very easy to lose money."</p>
<p>Anyone considering investing in cryptocurrencies should be aware of the volatile nature of cryptocurrency markets.</p>
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<p>Jeremy Cheah, Professor of Crypto-Finance and Digital Investment at Nottingham Business School, told<span> </span>Express.co.uk: "There are lots of risks involved in investing in cryptocurrency.</p>
<p>"For example a platform closing down, lack of regulations and enforcement to protect investors’ rights, high price volatility in cryptos driven by sentiment trading (irrational exuberance), threat of government shutting down mining activities, for example in China recently, lack of fundamental or intrinsic value – that is, not backed by any collateral or asset, bugs in codes, etc.</p>
<p>"People should always do their research and be aware of the risks in crypto investment before they invest.”</p>
<p>The information in this article does not equate to financial advice. Anyone considering investing in cryptocurrency should understand the risks involved.</p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-78637647134029968542021-06-25T23:34:00.001+01:002021-06-25T23:34:27.648+01:00Shiba Inu rival: What is Sanshu Inu coin – and can it beat SHIB?<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1454590.jpg" class="ff-og-image-inserted" /></div>
<p>In terms of whether Sanshu can rise, Investor Place predicts the coin will join other dog-based cryptos like Shiba Inu, Jindo Inu and Alaska Inu coins.</p>
<p>This means that while it’s new on the market, Sanshu is not overwhelmingly unique.</p>
<p>Investor Place writes: “Currently, Sanshu Inu is a very small token in relation to many other cryptos out there today.</p>
<p>“However, investors intrigued by the growth potential of such crypto options have continued to pile into these names of late.”</p>
<p>There aren’t a great deal of predictions for Sanshu out there, either, with Digital Coin Price suggesting the price could climb 300 percent by 2028.</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-55727302738483883492021-06-25T13:37:00.001+01:002021-06-25T13:37:27.664+01:00When will Shiba Inu reach $1? SHIB price could double after crypto crash<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1441745.jpg" class="ff-og-image-inserted" /></div>
<p>“Indeed, it could reach $0.00001816, which coincides with the 27.2 percent Fibonacci extension level.”</p>
<p>However, since there’s little to no price history for an asset like SHIB, it’s essential to consider the downsides of investment before putting your money in.</p>
<p>Senior investment and markets analyst at Hargreaves Lansdown, Susannah Streeter, warned against investing in SHIB.</p>
<p>She said: “The Shiba Inu coin appears to have been created just to give Dogecoin a run for its money.</p>
<p>“It features the same dog which became a meme and aims to replicate Dogecoin’s success of turning a joke into a money making machine.”</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-51076001516753517872021-06-24T20:34:00.001+01:002021-06-24T20:34:35.703+01:00Take that, Brussels! Brexit win as London STILL world's most vital fintech hub outside US<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1454217.jpg" class="ff-og-image-inserted" /></div>
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<p>The 2021 Global Fintech Rankings, compiled by Findexable, also showed the fintech space outside of the capital and throughout the rest of the UK is expanding at a rapid pace. This is evidence Brexit and the current Covid pandemic has had next to no impact on London's start-up scene, with the City's fintech space predominantly powered by the growing "challenger bank" sector. </p>
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<p>The newly-published Index, which first came out in 2019, ranks the fintech ecosystems of more than 264 cities across 83 countries, using Findexable’s data from its own records.</p>
<p>Data has also been collated and verified by the industry’s Global Partnership Network, which includes more than 60 fintech associations around the world.</p>
<p>London remains second behind San Francisco, and despite making a number of substantial gains since last year's Index, EU countries have been unable to unseat the capital in the rankings.</p>
<p>EU cities such as Berlin have risen three places to sixth and Stockholm jump 21 positions to 14th, while Moscow and Zurich both moved up 12 spots to 18th and 26th respectively.</p>
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<p>Hamburg leaped 13 places to 30th but in a major blow for the Brussels trading bloc, Paris plunged 21 positions to a lowly 36th.</p>
<p>But the latest Index also shows massive progress for a number of UK cities outside of London as the country continues to defy gloomy post-Brexit forecasts.</p>
<p>The latest rankings show two UK cities have made it into the top 50.</p>
<p>Manchester has climbed 19 places to 34th position, while Cambridge surged into the top 40 by jumping a massive 55 places to 38th position.</p>
<p><strong>READ MORE: Brexit LIVE: EU plot to grab City business begins</strong></p>
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<p>"We have even seen fintech companies emerge in towns like Macclesfield, Ashford, Caerphilly and Inverness.”</p>
<p>He added: “It is part of a greater push toward bridging the gap between companies and their customers that we have identified happening across the world since the annual report started in 2019, but which has accelerated in the last 12 months as a result of the pandemic driving more people to use digital finance.</p>
<p>"Where there are more customers there will be more businesses, and in an innovation-driven sector like fintech that translates to greater chances for new ideas that can shake up the entire industry.”</p>
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<p>Mambu Chief Customer Officer Elliott Limb, chief customer officer of cloud banking platform Mambu, said: “Fintechs are part of a global revolution to make financial services easier, faster and simpler, and the UK is a major part of this.</p>
<p>"They are changing the way we save, spend, borrow, and invest money.</p>
<p>"Whether competing, cooperating or supporting traditional financial institutions, they are reshaping digital services for a real-time, on-demand world.”</p>
</div>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-57559031149249207072021-06-24T11:34:00.003+01:002021-06-24T11:34:55.361+01:00Cryptocurrency price LIVE: Night of horror as BTC, ETH and DOGE fall - but ADA bucks trend<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1453897.jpg" class="ff-og-image-inserted" /></div>
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<p>The crypto world started to bounce back yesterday after plummeting to its lowest level of 2021 earlier in the week. However, the signs of recovery appear to have been short-lived as Bitcoin (BTC) has now fallen again from $33,767 at 12.15am to $32,420 at 4.25am, which is a 3.99 percent drop. Meanwhile, Ethereum (ETH) fell from $1,972 at 0.20am to $1,896 at 3.50am - a 3.85 percent drop.</p>
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<p>Meme coin Dogecoin (DOGE) also dropped from $0.2427 at 1am to $0.2235 at 3.15am after experiencing a 7.91 percent drop.</p>
<p>But Cardano (ADA) rose as it went from $1.21 at 2.30am to $1.31 at 5.45am, working out to a 8.26 percent rise.</p>
<p>Bitcoin in particular has had a tough week after it tumbled below $30,000 for the first time in five months following China's announcement of its crypto-crackdown.</p>
<p>On Tuesday, it fell to about $28,890 and lost more than 50 percent of its value after reaching an all-time high of $64,870 in April.</p>
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<p>It comes after banks in China were recently told not to accept cryptocurrency transactions.</p>
<p>Chinese authorise also forced Bitcoin mining in the province of Sichuan to cease last week.</p>
<p>The crackdown has sparked chaos as China made up around 65 percent of global Bitcoin production last year alone.</p>
<p><em><strong>FOLLOW OUR LIVE UPDATES HERE:</strong></em></p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-74590870388151320412021-06-24T11:34:00.001+01:002021-06-24T11:34:54.962+01:00Crowning glories for all with Watermans’ hair growth range<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1453917.jpg" class="ff-og-image-inserted" /></div>
<div readability="34.424050632911">
<p><span>Integrated trading, merchandising, marketing modules and real time data feeds as well as fraud prevention and translation services are among other benefits being brought together. </span>This is now prompting owners Gail and Matt Waterman to forecast a four-fold increase in sales and a £12million turnover for 2022-2023.</p>
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<p><span>All the brand’s formulations, which include vitamins, herbs, plant proteins and oils promoting hair regrowth, are UK made and developed by the husband-and-wife team and its 10 staff in Rotherham, Yorkshire. </span></p>
<p><span>For Gail and Matt “our plan is to get more distributors throughout the world on board,” they say, “so everyone can benefit from using our products and their unique mix of ancient and modern ingredients for use on all hair types and races. </span></p>
<p><span>“We live in an intensely visual world. The state of someone’s hair has a big impact on how they feel and their confidence. We’re here for anyone who wants thicker looking, stronger, longer hair.”</span></p>
<p><span>Ideal complimentary skills – Gail in the hair salon industry and Matt in marketing, plus a shared personal concern about fine and thinning hair led to the company’s launch in 2014. </span></p>
<p><span>With no winning solutions they could see, the pair came up with their own remedy and a shampoo. Its free-from cruelty, sulphate, paraben and palm oil ingredients were founded on an ethos that increasingly customers are looking for and forged the business’s innovation roadmap.</span></p>
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<p><span>From trials with Gail’s salon clients to Amazon and Boots’ listings and 13 products in its portfolio, Watermans now sells across the world from Europe to Australia and the Far East. </span></p>
<p><span>A perfect fit with Insta and Facebook its social media community numbers tens of thousands and a bottle of its most popular Grow Me shampoo (£13.95) shifts every 30 seconds. Customers are currently mainly women aged 25 to 65 buying for themselves and men.</span></p>
<p><span>It was THG which took the initiative and suggested the partnership. </span></p>
<p><span>“All our investment has come from our own savings and working every hour possible. We get a lot of inquiries from the US and Malaysia. This collaboration can now maximise that and allow us more time to be creative,” says Gail.</span></p>
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<p>The business also donates bottles of its Grow Me shampoo to chemo units across the UK. “We always put people before profits,” declare Gail and Matt, for whom working in a business together is one of the best things that could ever have happened.</p>
<p>“We are soul mates,” they say. “Our thinking always reflects that. Our aim is to be a household brand.”</p>
</div>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-58837285902544349892021-06-24T02:34:00.001+01:002021-06-24T02:34:35.621+01:00Ethereum price today: Is Ethereum dropping?<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1453815.jpg" class="ff-og-image-inserted" /></div>
<div readability="34.225352112676">
<p>Cryptocurrencies are known for their volatility and the last few days have certainly been turbulent for the market. China's latest cryptocurrency crackdown caused crypto prices to plummet over the weekend, but there have been some signs of recovery on Wednesday, according to experts.</p>
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<h2>Is Ethereum dropping?</h2>
<p>Like all cryptocurrencies, Ethereum is incredibly volatile and prices can rise and fall in an instant.</p>
<p>But according to CoinDesk data, Ethereum's price has increased rather than dropped over the last 24 hours.</p>
<p>As of the evening of June 23, Ethereum was up 2.62 percent over 24 hours, with the crypto priced at $1,937.45 (£1,387.60).</p>
<p>Ethereum also had a market cap of $225.52 billion (£161.52 billion).</p>
<p><strong>READ MORE: Bitcoin crash: China's crackdown was 'final nail' in BTC's bull run</strong></p>
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<p>Jeremy Cheah, Professor of Crypto-Finance and Digital Investment at Nottingham Business School, told<span> </span>Express.co.uk: "There are lots of risks involved in investing in cryptocurrency.</p>
<p>"For example a platform closing down, lack of regulations and enforcement to protect investors’ rights, high price volatility in cryptos driven by sentiment trading (irrational exuberance), threat of government shutting down mining activities, for example in China recently, lack of fundamental or intrinsic value – that is, not backed by any collateral or asset, bugs in codes, etc.</p>
<p>"People should always do their research and be aware of the risks in crypto investment before they invest.”</p>
<p>The information in this article does not equate to financial advice.</p>
<p>Anyone considering investing in cryptocurrency should understand the risks involved.</p>
</div>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-88293744305625745862021-06-23T17:34:00.001+01:002021-06-23T17:34:50.371+01:00Dogecoin warning: Will Dogecoin reach heights of bitcoin? 'Worst of the crypto industry'<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1453681.jpg" class="ff-og-image-inserted" /></div>
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<p>Cryptocurrency has boomed in recent years, with almost 2.5 million adults in Britain thought to hold some crypto assets to date. But even the crypto market leaders like bitcoin and Ethereum are incredibly volatile and have the capacity to drop significantly in value in an instant. Along with major players, there are smaller coins on the crypto market such as Dogecoin, which have gained a number of investors in recent months.</p>
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<p>Based on a viral meme involving a Shiba Inu dog, Dogecoin has benefited in the past from mentions from billionaire Tesla CEO, Elon Musk.</p>
<p>Mr Musk tweeted earlier this year he wanted SpaceX to put a "literal Dogecoin on the literal moon", prompting an outpouring of support for the crypto on Twitter.</p>
<p>Dogecoin enthusiasts consistently tweet their messages of support for the token, aiming to get Dogecoin "to the moon".</p>
<p>But while supporters of Dogecoin may be loud on social media, cryptocurrency experts have their doubts over whether Dogecoin will ever reach the heights of the major cryptos like bitcoin or Ethereum.</p>
<p><strong>READ MORE: Bitcoin REJECTED: UK shouldn't accept crypto as currency, says poll</strong></p>
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<p>"For those cryptos who have a serious place in the financial infrastructure – i.e. Bitcoin, Litecoin, Ethereum -are light years ahead in their projected values, as there is a multi-trillion dollar addressable market.</p>
<p>"Of course, there will be some people who revel in the anti-authoritarian nature of Dogecoin, or profit from price ping-pong day trading.</p>
<p>"Whilst it may appeal to the Elon Musk’s of the world, who embrace the novelty and comedy value as counter-cultural movement, its natural habitat is as a humorous anecdote over a beer, I am not sure it has any place in a portfolio."</p>
<p>Jeremy Cheah, Professor of Crypto-Finance and Digital Investment at Nottingham Business School pointed out that there is currently a major difference between the price of bitcoin and the price of Dogecoin.</p>
<p><strong>DON'T MISS: </strong><br />
<strong>Bitcoin price tipped for '$220K', - China shutdown - miners flee to US [INSIGHT]</strong><br />
<strong>Bitcoin plummets more than 6% amid Chinese crackdown [ANALYSIS]</strong><br />
<strong>Crypto expert's dire warning - 'Be prepared to lose all your money' [WARNING]</strong></p>
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<p>Professor Cheah told<span> </span>Express.co.uk: “I would struggle to see a scenario where Dogecoin will reach the level of other cryptos like bitcoin.</p>
<p>"It is not as robust as bitcoin and hence, it would be unlikely that Dogecoin will get to where bitcoin is.</p>
<p>"If it is an aspiration, then there is a huge gap between its current price and bitcoin price.”</p>
<p>As of June 23, bitcoin was priced at $33,633.77 (£24,079.16), according to CoinDesk.</p>
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<p>Bitcoin also had a market cap of $630.32 billion (£451.26 billion).</p>
<p>In comparison, Dogecoin was priced at $0.232427 (£0.166400) according to the crypto site.</p>
<p>Dogecoin also had a market cap of $30.22 billion (£21.63 billion).</p>
<p>The information in this article does not equate to financial advice.</p>
<p>Anyone considering investing in cryptocurrency should understand the risks involved.</p>
</div>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-36440056813732544262021-06-23T00:34:00.005+01:002021-06-23T00:34:23.980+01:00Dogecoin price tracker: Crypto plummets 40% in a week - latest price<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1453300.jpg" class="ff-og-image-inserted" /></div>
<p>Regulators across the globe have also expressed further concerns about the unregulated nature of many cryptocurrencies and the risk this poses to investors.</p>
<p>Almost 2.5 million adults in Britain now hold crypto assets, a sharp rise since last year.</p>
<p>Mark Steward, the Financial Conduct Authority's (FCA) head of enforcement and market oversight, told City & Financial's City Week event that more than 100 cryptoasset firms were operating in the UK without registration.</p>
<p>Mr Steward said: "We have a number of firms that are clearly doing business in the UK without being registered with us and they are dealing with someone: banks, payment services firm, consumers.</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-53682396048966156172021-06-23T00:34:00.003+01:002021-06-23T00:34:23.365+01:00Crypto investing: Which cryptocurrencies are the most volatile? THREE risky tokens<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1453282.jpg" class="ff-og-image-inserted" /></div>
<h2>Bitcoin</h2>
<p>Bitcoin is the cryptocurrency supreme and the only one on the market to pass the five-figure benchmark.</p>
<p>According to Coindesk, people can pick one up right now for $32,676.26 (£23,439.01).</p>
<p>But this is what makes it the most volatile on the market, as investors have to buy in with amounts exceeding many people's total life savings.</p>
<p>Bitcoin's current price markedly dropped from $40,349.51 (£28,942.39) last Tuesday.</p>
<p>As it stands, people who invested last week would have lost more than £5,000.</p>
<p>And anyone who invested as it recouped some value on June 20 - when it reached $35,812.52 (£25,688.68) - would have lost more than £3,000.</p>
<p>The token's overall value shifts on a whim and notably dropped following an announcement from Tesla CEO Elon Musk that his company would no longer accept it as payment for one of their vehicles.</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-55951114297276231462021-06-23T00:34:00.001+01:002021-06-23T00:34:22.755+01:00Bitcoin crash: China's crackdown was 'final nail' in BTC's bull run - price reacts to ban<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1453176.jpg" class="ff-og-image-inserted" /></div>
<p>Tim Frost, the CEO of fintech app Yield App, has now said China's meddling with the crypto markets has put a stopper in bitcoin's race to the top.</p>
<p>Earlier in mid-April, BTC struck gold at an all-time high price of £46,660.71 ($64,829.14).</p>
<p>But the digital currency has struggled to keep the momentum going, promptly tumbling below 28,746 ($40,000) before the end of May.</p>
<p>As of 3.52pm BST on June 22, BTC is still up 2.08 percent on its closing price last year, but there is a lot of uncertainty over where the token is now headed.</p>
<p>Mr Frost said: "It's been an unpleasant start to the week for bitcoin, with the flagship cryptocurrency barely holding its ground above $32,000 after the Chinese government seemingly put the final nail in the bull run by effectively banning Chinese banks from servicing anyone that has ever transacted in cryptocurrency.</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-40536927994748872862021-06-22T15:34:00.001+01:002021-06-22T15:34:41.015+01:00Bitcoin REJECTED: UK shouldn't accept crypto as currency, says poll - 'It crashes hard'<div class="jw-player-container">
<h3 class="jw-player-title">Donald Trump claims Bitcoin 'seems like a scam'</h3>
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<p>Since 2017, the UK Government has warned bitcoin is unregulated and that it should be treated as a 'foreign currency' for most purposes. Currently, when bitcoin is exchanged for sterling or for foreign currencies, such as euro or dollar, no VAT will be due on the value of the bitcoins themselves.</p>
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<h3>Related articles</h3>
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<p>After El Salvador became the first country in the world to approve the cryptocurrency as legal tender, Express.co.uk asked: "Should the UK accept cryptocurrency as official currency?"</p>
<p>The poll - which ran from 12pm yesterday to 7am today - received 1,287 votes and 72 percent (928) of voters said bitcoin should not be accepted as currency in the UK.</p>
<p>Just 27 percent (342) said the cryptocurrency should be, while only one percent (17) voted they don't know.</p>
<p>One Express.co.uk said: "Absolutely not.</p>
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<span class="newsCaption">Bitcoin should not become official UK currency <span class="caption">(Image: Express)</span></span></div>
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<p>"It's built on a constantly collapsing Pyramid scheme model.</p>
<p>"And when it crashes it crashes hard.</p>
<p>"Nothing you want in a traditional currency."</p>
<p>Someone else commented: "Accepting a digital currency is a fatal step towards losing the real one in your hand, pocket & wallet, as the powers that be want to control you with a cashless society.</p>
<p><strong>READ MORE: Bitcoin price tipped for '$220K', - China shutdown - miners flee to US</strong></p>
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<span class="newsCaption">Bitcoin should not be official UK currency <span class="caption">(Image: Getty)</span></span></div>
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<p>"We must not accept it."</p>
<p>Another reader said: "No, we would all be at the mercy of cybercriminals."</p>
<p>A fourth person wrote: "A UK digital currency is bad enough, bitcoin is for the chancers."</p>
<p>Another added: "No! A virtual ‘currency’ wholly unsupported by any ‘asset value’ other than a fictional ‘worth’ (freely manipulated by the likes of Elon Musk at his whim) can never replace a sovereign currency!"</p>
<p><strong>DON'T MISS </strong><br />
<strong>Cryptocurrency price LIVE: Bitcoin rival Doge falls 26% [REVEAL] </strong><br />
<strong>Bitcoin plummets more than 6% amid Chinese crackdown [INSIGHT] </strong><br />
<strong>Reclassification could see bitcoin 'exempt from capital gains tax' [COMMENT]</strong></p>
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<span class="newsCaption">Britons opposed to introducing bitcoin as currency <span class="caption">(Image: Getty)</span></span></div>
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<p>While someone else wrote: "Thought they were trying to save energy and going green.</p>
<p>"And China is sacking miners because of the horrendous energy they are using."</p>
<p>Others argued how cryptocurrencies are for "drug dealers and other scam artists" to use.</p>
<p>One person said: "No, we would all be at the mercy of cybercriminals."</p>
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<p class="withoutCaption"><picture><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/page/preloaderbig.gif" data-srcset="https://cdn.images.express.co.uk/img/dynamic/22/590x/secondary/Bitcoin-should-not-be-UK-currency-3113849.webp?r=1624368501860" /><img class="lazy" src="https://cdn.images.express.co.uk/img/page/preloaderbig.gif" data-src="https://cdn.images.express.co.uk/img/dynamic/22/590x/secondary/Bitcoin-should-not-be-UK-currency-3113849.jpg?r=1624368501860" alt="Bitcoin should not be UK currency" title="Bitcoin should not be UK currency" width="590" height="393" /></picture></p>
<span class="newsCaption">Bitcoin should not be UK currency <span class="caption">(Image: Getty)</span></span></div>
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<p>However, others saw the benefit of introducing cryptocurrency as an official UK currency.</p>
<p>One person said: "Cryptocurrency is an umbrella term so it's a bit of an odd title.</p>
<p>"My answer is yes, cryptocurrency should be used.</p>
<p>"It's better than salt trading, and pieces of paper that we currently use (although infrequently, as only one percent of money is actually minted).</p>
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<p class="withoutCaption"><picture><source type="image/webp" srcset="https://cdn.images.express.co.uk/img/page/preloaderbig.gif" data-srcset="https://cdn.images.express.co.uk/img/dynamic/22/590x/secondary/Prime-Minister-Boris-Johnson-3113853.webp?r=1624368501961" /><img class="lazy" src="https://cdn.images.express.co.uk/img/page/preloaderbig.gif" data-src="https://cdn.images.express.co.uk/img/dynamic/22/590x/secondary/Prime-Minister-Boris-Johnson-3113853.jpg?r=1624368501961" alt="Prime Minister Boris Johnson" title="Prime Minister Boris Johnson" width="590" height="393" /></picture></p>
<span class="newsCaption">Prime Minister Boris Johnson <span class="caption">(Image: Getty)</span></span></div>
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<p>"I don't like the three percent fee I get with visa for an international trade.</p>
<p>"Criminals love to use the older form of money.</p>
<p>"Look at Venezuela, cash is printed left right and centre by the criminal government."</p>
<p>They added: "People aren't excited by the unknown, they hate it and when it becomes the known, they become obsessed with it and can't live without it.</p>
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<span class="newsCaption">Bitcoin should not be UK currency <span class="caption">(Image: Getty)</span></span></div>
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<p>"People also don't learn from history which is why they are condemned to repeat it."</p>
<p>Back in February, London was advised to embrace bitcoin in a post-Brexit Britain as the UK looked to find new ways to thrive outside of the EU.</p>
<p>Foreign Secretary Dominic Raab said the EU won't be Brexit Britain's main competition.</p>
<p>He said EU financial capitals may “nick a bit of business here and there from the City”, but that they will not challenge London’s status as Europe’s global financial capital.</p>
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<span class="newsCaption">Bitcoin should not be UK currency <span class="caption">(Image: Getty)</span></span></div>
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<p>Mr Raab added: "The boss of Barclays has been saying recently how the long-term position of the UK is unparalleled, unrivalled.</p>
<p>"The crucial question for the EU, while it may be able if you like to nick a bit of business here or there from the City, but the problem is the measures they will take to achieve this will undermine their own competitiveness.</p>
<p>“The challenge to London as a global financial centre around the world will come from Tokyo, New York and other areas rather than those European hubs. Particularly if they start to erect barriers to trade and investment.”</p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-26741976421746990612021-06-22T06:34:00.005+01:002021-06-22T06:34:42.980+01:00Bitcoin price tipped to hit '$220K' as China shutdown sees miners 'airlift' en masse to US<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1452830.jpg" class="ff-og-image-inserted" /></div>
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<p>Yesterday, China shut down most of its bitcoin mining operations creating panic in cryptocurrency markets as the hash rate dropped and operators sold assets to finance their move to the US. Many are relocating to Texas, with state governor Greg Abbott tweeting his support to facilitate mining operations there. Mr Abbott tweeted: “Blockchain is a booming industry that Texas needs to be involved in.”</p>
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<p>The relocation of China's influential mining operators to the US will allow American states to capitalise on the inflow of Chinese and offer renewable incentives, allowing the US to grasp the digital economy manifested by bitcoin.</p>
<p>Referring to the move by China bitcoin pioneer Max Keiser, speaking to Express.co.uk, said: "China doesn’t have the moral character to mine bitcoin.</p>
<p>"America and El Salvador do.</p>
<p>"The difficulty adjustment has decreased to accommodate the transference of mining out of China and will increase when the move is completed.</p>
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<p>"I’m keeping my $220,000 BTC price target for 2021."</p>
<p>Beijing announced it was shutting down Chinese based mining operations en masse on Sunday night, totalling an 8GW electricity load.</p>
<p>CNBC Beijing Bureau Chief Eunice Yoon today tweeted about one Chinese mining operation that was "airlifting" its equipment to the US.</p>
<p>Today she tweeted: "China logistics firm in Guangzhou confirms to CNBC that its airlifting 3,000kg (6,600lbs) of bitcoin mining machines to Maryland, USA.</p>
<p><strong>READ MORE: Reclassification could see bitcoin 'exempt from capital gains tax'</strong></p>
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<p>"This is contributing a lot to bitcoin’s weakness right now, which will pass."</p>
<p>George said that China's motivation behind shutting down its bitcoin miners was that "it could just be a diversion to present to the world stage, making China look like they are doing something about Environment Social Governance standards.</p>
<p>"I believe they still want bitcoin to thrive and exist in China in some capacity.</p>
<p>"Also maybe they want the country to focus more on their own digital yuan and upcoming smart contract chain."</p>
<p>The news comes as Canadian mining firm Bitfarms has been listed today on the Nasdaq in Wall Street.</p>
<p>Their mining operations in Canada use renewable hydroelectricity.</p>
<p>Bitfarms was listed today on the Nasdaq, with the ticker $BITF.</p>
<p><strong>Express.co.uk does not offer financial advice. The journalists who worked on this article do not own bitcoin.</strong></p>
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<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0tag:blogger.com,1999:blog-4849675476357416344.post-3160578274076656662021-06-22T06:34:00.003+01:002021-06-22T06:34:42.666+01:00Bitcoin crash: Why is Bitcoin dropping again? China crypto crackdown explained<div><img src="https://cdn.images.express.co.uk/img/dynamic/22/750x445/1452850.jpg" class="ff-og-image-inserted" /></div>
<p>The site currently has BTC on $32,097.14 (£23,034.86) down from $34,485.92 (£24,749.20) this morning.</p>
<p>In a statement, the PBOC said trading with cryptocurrencies disrupts the "financial order".</p>
<p>The bank added it "spawns the risks of criminal activities such as illegal asset transfers and money laundering, and endangers people’s wealth”.</p>
<p>The latest move isn't the first time China has threatened to crackdown on cryptocurrencies.</p>
<div class="blogger-post-footer"><a href="https://www.melbal.com/">Melbal Business News And Directory</a>, publishing current business news, reviews and articles in various business categories. A Business news directory.</div>Melbal Directoryhttp://www.blogger.com/profile/04214263221676345763noreply@blogger.com0