Since its inception, cryptocurrency has been regarded as technically fascinating but fundamentally unreliable. Those who invested £10 in Bitcoin eight years ago would have £1.6 million today — a fluctuation which, while mind-boggling, further undermines the notion that digitally created currency is a stable store of value. At first, it was dismissed as a toy for geeks. Then it was seen as a threat, used by criminals to buy drugs and guns. Some, like Lloyds Bank, have refused to carry out any cryptocurrency transactions on behalf of customers. But its popularity has kept growing and this week, it made a significant leap towards the mainstream.
Rather than ban Bitcoin, the New York Stock Exchange has said it is developing a trading platform which would allow investors to buy and hold virtual currencies far more easily.
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If you are going to give gongs for public service, I guess a three-times elected London mayor ought to be a candidate. True, it is hard to see what particular achievements have earned Sadiq Khan his knighthood. Violent crime has risen inexorably on his watch, while his efforts to clean up London’s air have been
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