Terra Luna crash shows need for ‘non-negotiables’ in crypto regulation, says FCA official July 11, 2022 The Terra Luna crash this year caused investors to lose significant amounts of money and shows why “non-negotiables” in crypto regulation are needed, the FCA said. “When we look at the Terra Luna collapse, (the harm caused by it) is some people’s life savings,” said Richard Fox, Director of International at the FCA, at a [...]
Bitcoin more likely to fall to $10,000 than rise to $30,000, survey July 11, 2022 The price of Bitcoin is more likely to drop to $10,000 than jump to $30,000. The biggest cryptocurrency will probably cut its current value of $20,372 by about half rather than surge, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey, Bloomberg reported. The rest saw it climbing back. [...]
Binance served Iranian crypto clients despite US sanctions, company ban July 11, 2022 Binance processed trades by clients in Iran despite sanctions by the US ban and ban by the company on doing business in the county. The US imposed sanctions on Iran in 2018 with Binance banning business in the country the same year, but the world’d biggest crypto exchange ignored this and still served Iranian crypto [...]
Revolut launches ‘Learn & Earn’ crypto feature July 11, 2022 Financial app Revolut is set to launch a Coinbase-style crypto 'Learn & Earn' feature on its banking platform.
Money stolen from crypto fraud soars despite crash July 11, 2022 The money stolen from crypto frauds has increased over the past year even as a crash has seen cryptocurrency prices plummet. Crypto fraudsters stole 58 per cent more money in the past 12 months with victims in the UK generally losing £36,250 per fraud, a report by cyber security company NordVPN revealed today. Total losses from crypto fraud [...]
Lawyers gearing up for ‘wave of litigation’ due to crypto crash: Furious Brits expected to claim losses back July 10, 2022 The collapse in the value of crypto is likely to lead to a raft of claims from UK investors who believe they have lost considerable sums of money after being mis-sold cryptocurrencies, lawyers have told City A.M. today. Mis-selling claims may arise in cases where cryptocurrencies were marketed as a low-risk investment, yet subsequently dropped [...]
Bienvenido! Binance subsidiary gets green light as crypto exchange in Spain July 8, 2022 Binance's Moon Tech Spain SL has been granted registration as a Virtual Asset Services Provider (VASP) by the Bank of Spain.
Coinrunners – the making of a crypto movie July 7, 2022 Coinrunners chronicles a time in the life of Lisa N Edwards – a hugely successful crypto trader with a global following.
Bitcoin blackmail trial held up July 6, 2022 A TRIAL involving a man accused of blackmailing a gene and cell therapy company for Bitcoin worth £300,000 has been held up.
Global money laundering watchdog urgently calls for greater crypto information sharing July 6, 2022 Most countries do not have appropriate laws to prevent the illicit use of cryptocurrency by criminals, according to a global anti-money-laundering watchdog. The rules would force businesses to share information about cryptocurrency transactions. Only around a third of countries surveyed by the Financial Action Task Force said they have passed laws, and just a few [...]