Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC

July 5, 2024 Leave a Comment

BTC slides to lowest since late February, breaching key price support.

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From crypto bro to commerce secretary pick: Howard Lutnick’s glaring conflict of interest January 22, 2025
Trump’s choice shows how his friends and their business interests benefit from policy positions in his administration“What deeply interests me is the interests of America.”Howard Lutnick, chairman and CEO of the Wall Street investment bank Cantor Fitzgerald and Donald Trump’s nominee to become the next secretary of commerce, was speaking to an audience of cryptocurrency […]
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The incoming president is ready to sign a slew of executive orders on day one of his second term. Here’s what’s plannedIn the grand theatre of American politics, presidential inaugurations typically follow a familiar script: the oath, the speech, a few carefully chosen executive orders to satisfy campaign promises. Franklin D Roosevelt used his first […]
Experts alarmed by Trumps’ crypto meme coins: ‘America voted for corruption’ January 21, 2025
President and first lady’s business ventures show ‘shameful conflicts of interest’, says ex-government ethics officialDonald Trump was accused of corruption as he returned to the White House days after launching a multibillion-dollar cryptocurrency meme coin. Former government ethics officials and presidential experts said the venture amounted to a “shameful” conflict of interest.The president and his […]
David Beckham urges World Economic Forum to fight for girls’ rights – as it happened January 20, 2025
Former footballer collects Crystal Award for work on children’s rights, as World Economic Forum begins in DavosThe UK chancellor, Rachel Reeves, will travel to the World Economic Forum’s annual meeting in Davos this week in the hope of convincing some of the world’s largest companies to invest, with allies saying she will use spending cuts […]
Melania Trump launches meme coin as crypto conflicts worry experts January 20, 2025
President-elect’s $Trump coin more than halved in value before steadily recovering on Sunday before inaugurationBusiness live – latest updatesThe incoming US first lady, Melania Trump, has followed her husband’s lead by launching a multibillion-dollar cryptocurrency meme coin, fueling conflict of interest concerns as the new administration prepares to loosen regulation of the volatile and controversial […]

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Davos day four: ‘Too much pessimism’ about European economy, WEF hears – business live January 24, 2025
Rolling coverage of the final day of the World Economic Forum, and the latest economic and financial newsLarry Fink then explains that the US economy has a major advantage over Europe – the deep foundations of its capital markets make it easier for entrepreneurs to raise capital.That allows the US to change direction and modify […]
Burberry bounces back after 4% drop in sales over Christmas quarter January 24, 2025
Relatively positive results are a ‘first (and early) step in the right direction’, analysts sayDavos day four live – latest updatesBurberry has recorded a 4% drop in sales over the Christmas quarter, but expects to recover from losses made in the first half of its financial year after a strong performance in the US.The fashion […]
Thames Water credit rating slashed as administrators approached January 24, 2025
Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’Thames Water’s debt has been downgraded as the struggling utility company seeks to secure £3bn in emergency funding to stave off collapse, after it emerged that the government has approached potential administrators.The rating agency Moody’s downgraded the company’s […]
Rolls-Royce wins its biggest ever MoD deal with £9bn nuclear submarine contract January 24, 2025
Agreement to make reactors for Royal Navy will create more than 1,000 jobs and safeguard 4,000 other rolesThe British engineering company Rolls-Royce has struck its biggest ever deal with the Ministry of Defence with a £9bn contract to make nuclear submarine reactors for the Royal Navy.The government said the deal, which will create more than […]
Homes for sale for doer-uppers – in pictures January 24, 2025
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‘I was a multimillionaire, I had a beautiful girlfriend, I was unhappy’: the ups and downs of a supertrader January 24, 2025
Gary Stevenson grew up poor, got rich in the City – then found himself wrestling with depression. Now he says he’s the only person on the left who really understands the British economy – and the people who wield the powerI’ve interviewed Gary Stevenson three times. First in 2020 about global finance being screwed with […]
Humphrey’s world: how the Samuel Smith beer baron built Britain’s strangest pub chain – podcast January 24, 2025
Since the 1970s, Humphrey Smith has acquired scores of pubs and historic properties around the UK. But time after time, he has left the buildings empty. Why has he allowed his empire to moulder? By Mark Blacklock. Read by Joe Layton Continue reading...
Chichester least affordable area outside London for first-time buyers, data shows January 24, 2025
Homes in the city cost 8.5 times the annual earnings of the typical full-time worker, Nationwide saysChichester is the least affordable area outside London for first-time buyers to get on the property ladder, with homes in the cathedral city costing an average of 8.5 times the annual earnings of the typical full-time worker in the […]
Ministers must hold the line on Thames Water. It got itself into the mess | Nils Pratley January 23, 2025
It seems Thames is trying to scare the government into thinking the world will end if it falls into ‘special administration’Make-your-mind-up time approaches for Thames Water. The directors may not have liked Ofwat’s “final determination” last month – even though the regulator allowed bill increases of 35% over the next five years – but if […]
Reeves to instruct national wealth fund to work with mayors to boost growth January 23, 2025
Chancellor says scheme aims to bridge gap between Whitehall and local leaders to avoid previous top-down approachRachel Reeves will instruct bosses of the national wealth fund (NWF) and the new Office for Investment to work with regional mayors for the first time, as part of a package of initiatives to boost growth.After a meeting of […]

Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC

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