Finance News

BITCOIN and the larger family of cryptocurrencies are slowly convincing those holding the purse-strings at the world’s biggest banks that the time is right to for U-turn on cryptocurrencies. One expert told Express.co.uk that the “whole ecosystem could benefit” if big banks “diversify their investments” into crypto. Daily Express :: Finance Feed

THE TRADE war raging between China and the United States shows signs of spilling over into a battle over currency after Beijing’s central bank devalued its yuan against the dollar. Daily Express :: Finance Feed

A GROUP of landlords has launched a legal challenge against a restructuring of House of Fraser which would see over half its department stores closed and rents reduced on others. In the first challenge in the Scottish courts to a company voluntary arrangement , a petition was filed on behalf of certain creditors. Daily Express :: Finance Feed

THE pound euro exchange rate is currently trading at €1.117. While this is virtually unchanged from this morning’s opening levels, it is still trading close to its worst levels this year. Daily Express :: Finance Feed

THE pound has made minor losses against the US dollar today, trading at a level of $ 1.301. This is an improvement over the week’s worst pound US dollar rate of $ 1.296, but is still below Monday’s opening high of $ 1.328. Daily Express :: Finance Feed

ROYAL Mail suffered a huge backlash as 70 per cent of investors voted against senior bosses’ pay. It emerged it was paying new chief executive Rico Back a salary of £640,000, £100,000 more than his predecessor Moya Greene, whose contractural entitlements also raised concerns. Daily Express :: Finance Feed

BITCOIN soared in price at the start of the week and one cryptocurrency expert has said the worst will be over for the cryptocurrency if the price can remain above $ 5,000. Daily Express :: Finance Feed

SHARES in Goals Soccer Centres crashed 18 1⁄2p to 68p as it paid the penalty for a profit warning. The five-a-side operator, hit by the Beast from the East this year, suffered a further knock-on in the second quarter due to amateur 11-a-side games deferred from the previous three months. Daily Express :: Finance Feed

BITCOIN is set to become “digital gold” and the move could send prices souring even if just a small chuck on the world’s $ 7 trillion pot of gold was put into crypto as a store of value. Daily Express :: Finance Feed

BITCOIN has slipped nearly $ 100 this morning from yesterday’s high of $ 7,531. However, a leading bitcoin believer has claimed that another big fall is now likely, claiming,”I don’t actually think we’ve seen the worst.” Daily Express :: Finance Feed