It may be hedge funds, rather than retail investors, that are driving this autumn’s rally in the price of Bitcoin. And this time round, the institutional investors are buying exchange-traded products as well as the underlying cryptocurrency. A Bitcoin ETP managed by Swiss issuer 21Shares is receiving creations—the equivalent of Read more…
It is not unusual for the best paid Formula 1 drivers to own a private jet. We also see team bosses and former Formula 1 drivers quite often with their own jet. For example, Max Verstappen regularly flies along with David Coulthard in his private jet. But now he thought it was time to have his Read more…
Lewis Hamilton has his seventh world title in his pocket and can therefore sit down quietly with Toto Wolff. Where the team boss of Mercedes has announced that he will stay another year, for Hamilton that is not yet entirely certain. Everyone is assuming that Lewis will extend his contract with Mercedes Read more…
Jay Clayton, outgoing Chairman of the US Securities and Exchange Commission (SEC), said in an interview that Bitcoin was not a security, it was more like a stored value and a payment mechanism. In an interview with CNBC’s Squawk Box, Clayton accepted inefficiencies in the current payment mechanism and added Read more…
Bitcoin just took out another significant barrier on the way to a new all-time high. At the time of writing, BTC/USD is changing hands at $16,988 after hitting $17.081. While the cryptocurrency experts believe that the short-term downside correction is unavoidable, the long-term perspectives for the pioneer cryptocurrency remain bullish. Now that Read more…
The situation around a possible vaccine for the novel coronavirus COVID-19 continues to develop. Today, Moderna Therapeutics, one of the world’s largest pharmaceutical companies, announced that its preliminary data shows its coronavirus vaccine is more than 94% effective. This sent its stock price higher and major indices, which are all Read more…
Lewis Hamilton has insisted that he is only just getting started after he created history at the Turkish Grand Prix, where he won a record-equalling seventh world title, drawing level with the great Michael Schumacher. Lewis Hamilton has now joined the legendary Michael Schumacher on winning 7 drivers’ championship titles, ahead of Read more…
Most analysts and investors are bullish on BTC and long-term price targets, as unreliable as they may be, often go into seven digits. Analysis from Bloomberg Intelligence, for example, sets Bitcoin forecast 2025 at $100,000 as most measures of demand and adoption support an upward trajectory for BTC. Most analysts and investors Read more…
Pirelli is investigating rear tire vibrations suffered by Lewis Hamilton during the last Formula 1 race at Imola and has confirmed the cause of Max Verstappen’s failure. Red Bull driver Verstappen suffered a rear right tire failure 12 laps from the end of the Emilia-Romagna Grand Prix two weeks ago, Read more…
While Ferrari is pushing back against European environmental regulations and making bold claims it will never go entirely electric, it has just released its most eco-friendly convertible ever. Well, “eco-friendly” is relative, because the SF90 Spider is still powered by a thumpingly powerful turbo V8, but, like its tin top sibling, the SF90 Stradale, Read more…