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50,000 Ether Tokens Burned Since ‘London Hard Fork’ Upgrade

50,000 Ether Tokens Burned Since ‘London Hard Fork’ Upgrade

Ethereum initiated its ‘London Hard Fork’ upgrade on 5th August, and since then, 50,000 Ether tokens have been burned. When a token is burned, it is removed from the available supply, increasing the scarcity of those that remain. The huge number of burned tokens amounts to roughly $165 million. The amount of Ether held on […]
The FTSE 100 on the Rise Despite Prolonged Lockdown

The FTSE 100 on the Rise Despite Prolonged Lockdown

In Monday’s trading session, the UK’s Financial Times Stock Exchange 100 Index closed at its highest level since the pandemic hit Europe in February 2020. The FTSE 100, Britain’s blue-chip stock index, ended the day almost 0.2% higher, despite prolonged lockdown news. Prime Minister Boris Johnson announced that lockdown would be extended by an additional […]
London Metal Exchange to Reopen Iconic ‘Ring’ Trading Floor

London Metal Exchange to Reopen Iconic ‘Ring’ Trading Floor

The London Metal Exchange announced plans to reopen its iconic open-outcry trading floor on 6th September 2021. Initially, the exchange announced that it would be keeping the pit closed permanently, which led to backlash from major users. Known simply as the ‘Ring’, the pit dates back to the industrial revolution. It is famously recognised as […]
London-Based Traders Refuse to Relocate Post-Brexit

London-Based Traders Refuse to Relocate Post-Brexit

Almost five years have passed since the UK voted to leave the European Union, and the term ‘Brexit’ became commonplace in everyone’s vocabulary. Since then, banks and regulators have been dealing with the practical repercussions of the split. Uncertainties over long-term arrangements in the financial sector continue to rage on. Currently, London’s traders are at […]
Pound Reaches Three-Year High Thanks to Economic Optimism

Pound Reaches Three-Year High Thanks to Economic Optimism

Traders are betting on the success of the UK’s economic recovery thanks to the coronavirus vaccine rollout. In a press release, the government recently announced that its COVID-19 inoculation program is set to hit “more major milestones” as it approves the use of additional jabs. According to the statement, “more than 13,000 lives have been […]
EU Seeks AstraZeneca Court Order Over Undelivered Vaccine

EU Seeks AstraZeneca Court Order Over Undelivered Vaccine

The legal dispute between the European Union and AstraZeneca continues to heat up. At a hearing that began today, the EU seeks a court order that the British-Swedish pharmaceutical company supply the 27-nation bloc with more doses of its vaccine. The European Union made its case before a Brussels court, declaring an emergency situation warranting […]
Tesla’s Shares Dip Impacting Elon Musk’s Fortune

Tesla’s Shares Dip Impacting Elon Musk’s Fortune

Elon Musk’s recent Twitter activity sent Bitcoin in a downward spiral. Now, it appears his own company, Tesla, is tumbling with it. Shares in the electric vehicle-maker fell 2.2% amid a global rout in technology stocks and concerns of trouble in its China business. As of yesterday (Monday 17th), Tesla’s Chief Executive Officer lost his […]
Bank of England Exploring the Possibility of a Digital Currency

Bank of England Exploring the Possibility of a Digital Currency

Chancellor of the Exchequer, Rishi Sunak, has put a priority task force in place to explore a Bank of England digital currency (CBDC). The top-level team will consider how a new cryptocurrency will impact the UK economy, along with the potential benefits and risks. The aim is to boost the country’s economy after its recent […]
Cryptocurrency Market Cap Exceeds $2 Trillion

Cryptocurrency Market Cap Exceeds $2 Trillion

For the first time ever, the market value of cryptocurrencies surpassed $2 trillion, according to data from market trackers, Blockfolio and CoinGecko. The record-breaking figure is the result of a steady increase in gains over recent months. This increase led to heightened demand from both institutional and retail investors, as well as the cryptocurrency market […]
Back to the Basics: The History of the Forex Market

Back to the Basics: The History of the Forex Market

When trading forex, we often forget how major the market that we are part of actually is. The foreign exchange market is a global, decentralized over-the-counter (OTC) market where institutional (large international banks like JP Morgan, Deutsche Bank, Citi, BS, Goldman Sachs) retail traders join to buy, sell and exchange currencies either at preset or […]