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Bitcoin records new ATH

In late September we saw Bitcoin hit another all-time high (ATH) record.

“62 days ending above $10,000”

Take a moment and let that sink in. The last time we saw Bitcoin price activity like this was for 61 days from the 1st December 2017 👌

Throughout Q3 there’s been an unmistakeably bullish tension building around Bitcoin and especially with its more recent weeks of little movement (something we don’t find ourselves saying often!).

Bitcoin did finally move above the $11,000 region 👀 recently, leaving the community waiting to see where it goes next.

Bitcoin headlines

As always, Bitcoin has been riding the wild news wave over the past 3 months with stories around big business, scams, and more. …


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Visit the FCA website for more information on the ban

What’s happened?

Earlier today, the UK’s Financial Conduct Authority (FCA) issued a ban on the sale of crypto-derivatives and exchange traded notes (ETNs), including products like CFDs, options and futures, for retail customers.

Aiming to protect the consumer market, the new ban which comes into effect on 6 January 2021, will stop the sale, marketing and distribution of such products and help to reduce trading losses.

What’s CoinCorner’s take?

Our CEO and Co-Founder, Danny, shared his views on the update:

First we need to make it clear that they’re banning products such as derivatives (CFDs, futures, etc) for retail offering, they’re not banning the sale or use of Bitcoin. For example, companies offering CFDs may offer leverage on a trade, meaning you can buy £1,000 worth of a Bitcoin CFD, but with 5x leverage you’re trading with the equivalent of £5,000. …


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In case you missed it, you can now shop for everyday products/services AND earn Bitcoin back on any purchases!

We launched a Bitcoin cashback service earlier this year and are sharing details about the most recent updates to this service — read on to learn more.

‘Product Search’ feature

As well as searching for companies in our online shopping directory, you can now search for products — over 6 million, in fact 🥳

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Login to start searching for your favourite products

Shop 1000+ retailers

We’ve been very busy partnering with many exciting retailers including popular brands Currys PC World, MYPROTEIN, Burton, B&Q, and Boots.

Start shopping and earn Bitcoin with these and many more companies today. …

About

CoinCorner

Buy, sell, send, receive and store bitcoin with CoinCorner. https://www.coincorner.com

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