Abrdn snaps up stake in London crypto startup Archax August 13, 2022 Scottish asset manager Abrdn has bought a stake in the UK’s first regulated crypto trader Archax in a major vote of confidence in blockchain technologies and cryptocurrencies. The acquisition, for an undisclosed sum, will see Abrdn become the crypto startup’s largest external shareholder, the crypto firm said in a statement. Launched in 2018, Archax is [...]
The futurist on sniffing out a good crypto investment August 12, 2022 Jillian Godsil interviews Tom Serres - co-founder of Warburg Serres - on what it takes to make it as a crypto investor.
More than 90 per cent of IFAs would not suggest crypto to clients August 11, 2022 Over 90 per cent of Independent Financial Advisors (IFAs) in the UK would not recommend crypto investments to clients. Following the recent crypto crash that saw prices of major cryptocurrencies plunge, 93 per cent of IFAs say they would not advise clients to invest in crypto, research by strategic insight firm Opinium found. The “crypto [...]
Coinbase posts massive Q2 net losses as downturn bites August 10, 2022 Coinbase – one of the world’s most popular cryptocurrency exchanges – has revealed it suffered a massive $1.1 billion net loss in Q2 2022.
Second yellow for Arsenal over fan token promotions August 10, 2022 Arsenal football club have been rebuked by the ASA which declared it had upheld its ruling against the club relating to NFT promotions.
Coinbase sheds £0.9bn in second quarter as revenues plunge amid crypto crash August 10, 2022 Crypto giant Coinbase lost $1.1bn ($0.9bn) in the second quarter of the year as revenue dropped declined during the crypto crash. $446mn (£365m) of this loss was due to an impairment charge on the exchange’s crypto and venture investments as the “crypto winter” led to plummeting cryptocurrency prices and caused widespread losses across the industry. [...]
Iran side-steps US sanctions with $10m cryptocurrency import August 10, 2022 Iran has officially made its first multi-million dollar import using cryptocurrency as it looks to circumvent US sanctions.
Former CMA chair sues crypto exchanges Binance, Kraken and others for £10bn August 9, 2022 Crypto exchanges Binance, Kraken, and others have been hit with a £10bn lawsuit in a competition dispute by the former chair of the UK’s Competition and Markets Authority. Lord David Currie filed the claim against the two crypto giants as well as exchanges Bittylicious and ShapeShift for delisting the BSV cryptocurrency from their platforms, Financial [...]
New calculator shows how much you could have earned from crypto if you’d held on to it August 9, 2022 A new calculator has been launched showing how much you could have earned from cryptocurrency if you'd held onto it from 2020.
Researchers label Nigeria as the world’s most ‘crypto obsessed’ nation August 8, 2022 Nigeria is, according to a new research study, head-and-shoulders the most cryptocurrency curious country in the world.