BUSINESS LIVE: Bitcoin hits all-time high on ETF list; Business rates are skyrocketing; Barclays exceeds expectations with Q3 bumper
The price of bitcoin hit record highs yesterday, after the launch of the very first bitcoin exchange-traded futures fund in the United States.
Bitcoin broke through the $ 66,000 mark, ahead of its previous record high of $ 64,800 in April and more than double its level in July, and fell back to $ 64,536 on Thursday at 7:30 a.m. GMT.
Corporate rates are set to rise by nearly £ 1bn next year – prompting calls to reverse the hike until the system is reformed.
The commercial property tax jump is based on September inflation data – which yesterday stood at 3.1%.
Barclays followed rivals on Wall Street in reaping exceptional investment banking fees from increased trading and advisory mandates, posting better-than-expected results in the third quarter.
The British bank reported a pre-tax profit of £ 2bn in the three months to the end of September, better than the £ 1.6bn forecast by analysts and double the £ 1.1bn posted at the same period last year.
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