As the new week begins, the once-irresistible rise of Bitcoin, the leading cryptocurrency, hits a six-week low of around $3,400. That’s a decline of over 70 per cent from a year ago at $11,500 levels. Anyone buying Bitcoin in mid-December 2017, just over 13 months ago, would have seen an even more painful decline as […]
As regular readers will be aware, we’re taking a serious look at cryptocurrencies. An increasing number of peer-to-peer (P2P) lenders are looking at initial coin offerings (ICOs) as a way of raising funds. Our view is that these offerings may be attractive – but in an deal world ICOs should be linked to a real […]
Bitcoin, the bellwether for cryptocurrencies, lost about half its value between mid-December and late February. Whether or not this is a cryptocurrency buying opportunity, the underlying blockchain technology is widely hailed as a fine business tool. Moreover, many peer-to-peer (P2P) lenders are looking at working in this space. Our friends at Crowfundinsider carry a report […]
We are interested in the extra liquidity and flexibility that cryptocurrency loans can provide. If the offerings are properly regulated and asset-backed, this is definitely an option to explore. It seems we are not alone in this line of thought. Our friends at P2P Finance News report:THE MARKET for initial coin offerings (ICO) incorporating peer-to-peer […]
Money&Co.’s communications director is Martin Baker, the author and award-winning journalist. He has just written a short, very timely book that attempts, in the words of the cryptocurrency industry, to “mine” the truth from the fictions surrounding Bitcoin, cryptocurrencies and the blockchain technology that underpins them. Did somebody really buy two pizzas using Bitcoin – […]
As the Individual Savings Account (ISA) season gets into full swing ahead of the close of the tax year in April, we’ve been contacting some of our registered lenders – especially those with a chunk of capital parked in their account and not earning interest. It’s our role to vet borrowers very carefully, make sure […]
Cryptocurrencies are increasingly popular amongst peer-to-peer (P2P) lending platforms. We can see the virtue of an Initial Coin Offering (ICO) in that it can create liquidity where there was one before. The ICO is an interesting animal. But we’ll not be doing an ICO just for the sake of liquidity. At Money&Co. we’re old-fashioned enough […]
Cryptocurrencies, with Bitcoin to the fore, are inescapable these days. As we reported yesterday, many of our colleagues in the peer-to-peer (P2P) alternative lending market are beginning to offer credit using their own tokens via an initial coin offering (ICO). We think it’s an interesting idea, but we do have some concerns. The markets in […]