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Bitcoin price drop news: Why is bitcoin going down? BTC falling today | City & Business | Finance

Bitcoin prices are dropping today amid a price manipulation scandal.  The cryptocurrency fell more than 1 percent today to trade at $7,539, as of 6.30pm BST. BTC took a hit with news the US Justice Department would be launching a criminal investigation probe into price manipulation. The cryptocurrency market has …

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Bitcoin pizza day: What is bitcoin pizza day and why is it celebrated? | City & Business | Finance

Bitcoin celebrates its heritage today, as the cryptocurrency world remembers the very first transaction made with bitcoin back in 2010.  The important milestone was the first baby-steps in the digital token’s journey, as it struggled to become a legitimate decentralised currency. Eight years ago, 10,000 bitcoin could buy two pizzas …

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EU MUST PAY: Macron wants fellow states to pay French firms’ losses from Iran crackdown | City & Business | Finance

French finance minister Bruno Le Maire is leading the calls for the EU to intervene and protect European firms against any sanctions imposed by the United States. And the ally of President Emmanuel Macron also demanded Brussels to toughen its stance against the Trump administration. Mr Le Maire referred to …

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Mothercare will not be the last High Street victim, says GEOFF HO | City & Business | Finance

On Thursday Mothercare announced plans to axe 50 stores, while Carluccio’s said that it plans to close a third of its 103 UK-based restaurants and delicatessens. Both plan to use a “company voluntary arrangement” or CVA to close unprofitable sites and secure rent reductions at others. All the firms that …

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Bitcoin price: Massive boost for ETHEREUM and bitcoin as China backs blockchain | City & Business | Finance

China’s notoriously harsh approach to the cryptocurrency space looks to be softening following news that government’s official Center for Information Industry Development, part of the Ministry of Industry and Information Technology in Beijing, has started ranking the strength and future potential of the underlying blockchain technology of Bitcoin, Ethereum, Steem …

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Bitcoin LATEST: Cynic says ‘list’ sparked crypto BOOM and reveals what 2018 has in store | City & Business | Finance

The explosive dismissal came in a discussion of bitcoin and blockchain technology in the UK during an ongoing HM Treasury Select Committee debate in Parliament. As Bitcoin continues to make headlines around for the world for rabid price volatility, another move towards the centre-ground of capital finance and continues unabated …

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Tesla given £25million boost from George Soros as £8billion debt concern mounts | City & Business | Finance

According to filings with the US Securities and Exchange Commission, Soros Fund Management LLC took a £25.9 million ($35 million) stake in the convertible bonds of Tesla, which are due in March 2019. Convertible bonds are a way to invest in a firm’s debt that matures into a predetermined chunk …

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TRADE WAR: Is Germany ‘taking the American economy for a ride’? | City & Business | Finance

Germany has unexpectedly found itself at the receiving end of President Trump’s unpredictable foreign and economic policy after sanctions on aluminium, steel and Russian business, coupled with the new withdrawal for the controversial Iran nuclear deal added the final nail to the coffin to a deteriorating relationship. With the US …

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