Barclays-backed Copper withdraws UK crypto license application

December 20, 2024 Coin Telegraph

Barclays

The UK FCA previously said that almost 90% of annual crypto license applications had failed as of September.

Update (Dec. 20, 10:40 am UTC): This article has been updated to include exclusive interview comments from Copper.

Copper Technologies, a cryptocurrency custody firm backed by British multinational bank Barclays, has withdrawn its crypto license application in the United Kingdom.

Copper withdrew its application to register with the UK’s Financial Conduct Authority on Dec. 20, saying it will shift focus to foreign hubs under its new CEO, the firm confirmed to Cointelegraph on Friday.

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BlackRock Bitcoin ETF sees $1B volume in first minutes of post-election trading

November 6, 2024 Coin Telegraph

Bitcoin

Some analysts expect Bitcoin’s price to surge following Donald Trump’s Nov. 5 election win.

Upward of $1 billion worth of BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) changed hands in the first minutes of trading after Donald Trump prevailed in the United States presidential election on Nov. 5, according to data from Bloomberg.

Analysts predict BTC’s price will keep rising now that Trump, a cryptocurrency-friendly Republican, is slated to start his second term as US president on Jan. 20.

Valuation models suggest “a $100,000 Bitcoin is quite possible by the time the 47th U.S. President heads to the Capitol for inauguration,” Fadi Aboualfa, head of research at Copper.co — a crypto custodian — told Cointelegraph in an email.

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Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

September 26, 2024 Bitcoin.com

Mike McGlone — Hedge Funds Push Gold Toward K Amid Global Market Uncertainty

bitcoin.com

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]

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Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

March 7, 2023 Bitcoin.com

Report: Perth Mint Faces Billion Recall From China Over ‘Doped’ Gold Scandal

ABC News

Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to the mix to cut costs and lower the quality of gold. Reportedly, […]

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Tesla CEO Elon Musk Warns a Major Fed Rate Hike Risks Deflation

September 12, 2022 Bitcoin.com

Ark Invest

Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk’s warning followed an analysis by Ark Invest CEO Cathie Wood, who cautioned that “Leading inflation indicators like gold and copper are flagging the risk of deflation.” Elon Musk, Fed Rate Hikes, and Deflation […]

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Banking Giant Barclays To Invest in $3,000,000,000 Crypto Custody Firm: Report

July 26, 2022 The Daily Hodl

Banking Giant Barclays To Invest in ,000,000,000 Crypto Custody Firm: Report

Blockchain

Sky News reports that British banking giant Barclays is buying a stake in a Europe-based crypto asset custody company. According to a Sky News report, sources familiar with the matter say Barclays is looking to invest millions of dollars in Copper, a firm aiming to provide a secure infrastructure for institutions looking to invest in crypto. […]

The post Banking Giant Barclays To Invest in $3,000,000,000 Crypto Custody Firm: Report appeared first on The Daily Hodl.

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Price of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate

March 8, 2022 Bitcoin.com

Price of Gold Spikes Over ,060 per Ounce While Risk Assets Continue to Capitulate

.999 fine gold

On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later, gold tapped a high of $2,064.27 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Gold’s Value Surges Higher Amid Commodities […]

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US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be ’10x Worse Than the Great Depression’

March 6, 2022 Bitcoin.com

aluminum

Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.” While Wall Street Fears […]

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Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’

March 6, 2022 Bitcoin.com

Global Commodities Skyrocket, Ounce of Gold Nears K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’

aluminum

While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke records and nickel tapped an 11-year high. […]

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Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says ‘It’s Gambling Money’

December 27, 2021 Bitcoin.com

bitcoin.com

Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm. Former British Chancellor of […]

Copper

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