‘Britcoin’: Bank and Treasury explore the need for a digital pound February 6, 2023 The Bank of England and Treasury are exploring launching a digital pound in a move that officials claim would firm up financial stability in Britain. “No decision has been taken at this stage,” the pair’s experts said yesterday, but added that what some are dubbing ‘Britcoin’ is “likely to be needed in the future”. The [...]
Bybit crypto exchange posts massive futures trading volume leap February 6, 2023 Crypto exchange Bybit has announced a five-fold growth in futures trading volume from $2.8 billion to $13.8 billion year to date.
FCA warns crypto execs could face two years in jail for breaching financial promotion rules February 6, 2023 The Financial Conduct Authority (FCA) has warned crypto businesses that breaching new financial promotion regulations could lead to executives facing up to two years in prison. The FCA said that crypto companies which fail to meet its financial promotion rules will breach the Financial Services and Markets Act, “a criminal offence punishable by up to [...]
Digital pound coming this decade, unpublished Treasury and BoE report suggests February 5, 2023 The Bank of England (BoE) and the Treasury are convinced that a central bank digital currency (CBDC) is becoming increasingly necessary, an unpublished report seen by the Daily Telegraph suggests. “On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be [...]
Web-3 e-commerce platform PhygitalTwin teams up with Dr Robin B on unique collection February 5, 2023 PhygitalTwin has teamed up with health and style expert Dr Robin B to design and develop the first digitally-native athleisure line.
Court of Appeal orders Tulip Bitcoin case to go to full trial February 3, 2023 London's Court of Appeal has sensationally announced that a claim by Tulip Trading Limited against 16 developers who are alleged to be responsible for the Bitcoin network will go to trial.
Can AI replace the skill of a journalist? February 2, 2023 In-depth look into the rise of AI language bots like ChatGPT and addressing the question of whether or not AI can replace journalism.
UK crypto hub ambitions at risk if it does not pass new rules quickly, experts warn February 1, 2023 The government’s new plans to “robustly regulate” cryptoassets garnered mixed reactions from the crypto industry today, with experts saying that while the proposals were welcome there were still huge questions about the timeline for when they might come into effect. Nick Taylor from Luno, a crypto exchange, described the launch of the consultation as “a [...]
London, Dubai and New York top rankings as most crypto ready cities in the world February 1, 2023 London has been named as the world's leading crypto hub in a detailed report researching the most cryptocurrency-ready cities.
Crypto: Government is considering ‘world first’ regulatory regime in UK bid to become digital asset hub January 31, 2023 The government has set out plans to “robustly regulate” the crypto asset industry as it seeks to become a cryptocurrrency hub despite the problems faced by the industry last year. The proposals include rules for crypto trading platforms and a “world-first” regime for crypto lending, as the government seeks to “embrace technological change”. Proposals will [...]