The cryptocurrency crash is putting bitcoin miners in a squeeze, pushing down their company shares. Investors have been dumping the stocks in response to the crypto mining companies’ falling profits and high fixed costs. Bitcoin mining is the highly capital-intensive process of running the program that keeps the Bitcoin Network...
BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index...
Before I’m accused of being alarmist, crypto isn’t doomed. Rumours of a crypto armageddon are vastly exaggerated. The provocative title is taken from a cheeky ad that Coinbase, the world’s largest crypto company, ran earlier this year at the US Superbowl, proclaiming “Crypto is dead, long live crypto”. Little did...
A new blockchain platform has been launched that aims to offer airlines a way to sell Sustainable Aviation Fuel (SAF) credits to business customers, with the revenue channelled into supporting the development of the nascent lower carbon fuel sector. Oil and gas major Shell, professional services giant Accenture, and corporate...
