News Roundup – Bitcoin Rollercoasters

Bitcoin rollercoasters on Goldman report

Having climbed around 15 percent in fourteen days, the price of Bitcoin fell back 5% on reports Goldman Sachs is abandoning plans for a cryptocurrency trading desk. According to Business Insider, the legendary investment bank is uncomfortable with the regulatory environment. Goldman merely points enquirers towards an earlier statement which read “In response to client interest in various digital products, we are exploring how best to serve them in the space. At this point, we have not reached a conclusion”.

Higher electricity bills for Bitcoin miners

An electricity company in Washington state is putting up its prices for cryptocurrency miners. Companies with racks of power-hungry computers have flocked to the region in recent years because of its cheap hydroelectric power. Grant County Public Utility District says the industry is risky and unregulated and it wants to make sure other ratepayers are protected.

Bitcoin reaching for the moon

Three major cryptocurrency organisations have partnered to launch a rocket, with Bitcoin private keys on board it, to the moon by 2020. The theory behind Moonshot.Express is that once landed, the wallet on the moon will increase in value as the price of Bitcoin increases, ultimately becoming a large enough amount to outweigh the cost of building and launching a retrieval device. In turn, this would lead to the beginning of an international space race.

Starting as an Independent Financial Advisor, Bridget pivoted her career to emerge as a pioneer in financial services social media. A founding director of Financial Social Media UK, Bridget has attracted multiple industry awards. Aware that technology marches forward no matter your view point on how it might disrupt incumbents in your market place, especially in traditional industries, Bridget vehemently believes that staying in front of technology is essential to survival and success. How you can harness these changes, rather than deny, impede and ultimately be left behind, is the key for best serving your clients and customers.

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