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.
Crypto firms spend £1.9bn on sports sponsorships as they rack up advertising expenditure August 5, 2022 Crypto companies have spent $2.4bn (£1.9bn) globally over the last year and a half on sports sponsorships as they splurge on marketing. Major crypto firms have signed deals with big athletes, sporting franchises, and leagues as they seek to rival the marketing prowess of non-crypto brands, according to Bloomberg. Crypto exchange Binance has signed with [...]
Crypto firm puts out 10 per cent bounty for stolen funds after £157m vanishes August 5, 2022 Crypto firm Nomad announce today a 10 per cent bounty for the $190m (£157m) stolen funds it lost in a hack this week. The company said it would give the bounty to hackers who return at least 90 per cent of the funds and will consider them to be “white hats”, meaning Nomad would not [...]