The SEC vs Kik: The clarification crypto has been waiting for? September 25, 2019 Frustrations continue to ricochet through a crypto community yet to receive a clear legal framework that supports innovation of blockchain technology. Though effective, public policy has proven to be a slow pathway for change. In the context of digital tokens, a majority of the community asserts that policy has merely stretched the definition of a [...]
Brits curious about cryptocurrencies but still keen on cash, survey finds September 18, 2019 Members of the public are curious about the possibilities offered by cryptocurrencies, but cash is likely to remain king for the foreseeable future with the vast majority consumers wanting it to remain in use, a new study has found. Just 20 per cent of British people would prefer it if cash no longer existed, according [...]
Is this the start of a new downtrend for gold? September 16, 2019 | City Talk Is this the start of a new downtrend for gold, or a pause before the longer-term uptrend is resumed? As safe haven asset appeal has diminished in the last week or so, so has the price of dollar-denominated gold. The move sees the precious metal trading back below the psychological $1500 and ounce level, beckoning [...]
Woodford Patient Capital Trust share price sinks amid writedown September 13, 2019 Neil Woodford suffered a fresh blow today as shares in his listed investment fund dropped after it was forced into a writedown of the value of a holding. Woodford Patient Capital Trust’s (WPCT) share price sank 3.7 per cent in early trading after administrator Link marked down the unnamed holding. Read more: Woodford Trust and [...]
Political turbulence hits investment industry as assets under management flatline September 12, 2019 Ongoing political and economic uncertainty took a toll on the UK’s investment management industry last year, with assets under management (AUM) remaining stagnant. Although the UK managed to retain its ranking as the second largest investment management hub in the world – behind the US – the total amount of AUM by Investment Association (IA) [...]
Oakley Capital Investments reports first half jump in net asset value September 11, 2019 Listed investment firm Oakley Capital Investments (OCI) has reported a jump increase in net asset value (NAV) during the first half of the year, and an increase in the value of its underlying portfolio companies. OCI – which invests in the funds of Oakley Capital – reported a net asset value per share of £3.18 and [...]
Facebook seeks Swiss licence for Libra cryptocurrency September 11, 2019 Facebook’s cryptocurrency project Libra has applied for a payment licence from Switzerland’s financial watchdog, following a widespread backlash from politicians and regulators. The Libra Association announced today that it intended to apply for a licence from Switzerland’s Financial Market Supervisory Authority (FINMA) to be regulated as a payment systems operator and had “submitted a request [...]