‘Worrying rise’ in crypto scams claiming to be celebrity endorsed, Santander says June 28, 2022 Cryptocurrency scams falsely claiming to be endorsed by celebrities are surging, Santander warned. “We’re seeing a worrying rise in ‘celebrity-endorsed’ cryptocurrency scams, where familiar faces are being misused on social media in order to con people out of often life-changing sums of money,” said Chris Ainsley, the bank’s head of fraud risk management in the UK. He warned [...]
SEC Chair calls Bitcoin a commodity and likens other crypto assets to securities June 28, 2022 Securities and Exchange Commission Chair Gary Gensler called Bitcoin a commodity while likening other crypto assets to securities. “Many of these financial assets, crypto financial assets, have the key attributes of a security,” he said to CNBC’s Jim Cramer on Monday. “Some, like Bitcoin… my predecessors and others have said, they’re a commodity.” He said [...]
BEQUANT launches DeFi platform for institutional clients June 28, 2022 Digital asset brokerage and exchange BEQUANT has given the green light to industry-first DeFi access for institutional clients.
Working up a sweat to earn cryptocurrency June 28, 2022 Crypto AM meets Oleg Fomenko, co-founder of Sweatcoin, who says the app has now been fully 'battle tested'.
FCA laments the high number of financial crime ‘red flags’ missed by crypto firms June 27, 2022 The Financial Conduct Authority said many crypto firms that have applied to register under money laundering regulations miss financial crime “red flags” and have inadequate controls. A spokesperson for the FCA said to City A.M.: “We have seen too many financial crime red flags missed by the cryptoasset businesses seeking registration.” Some firms do not [...]
Goldman Sachs cuts Coinbase price target and downgrades it to ‘sell’ June 27, 2022 Goldman Sachs reduced Coinbase’s price target from $75 to $40 and cut its rating to “sell” from “neutral” as the crypto market experiences a severe rout. In a report today, the banking giant cited falling cryptocurrency prices and lower industry activity for the downgrade. “We believe current crypto asset levels and trading volumes imply further [...]
‘What is cryptocurrency?’ is the world’s most Googled crypto question June 27, 2022 “What is cryptocurrency” is the most Googled question regarding crypto, a new study reveals.
Hedge funds short Tether after Terra crash June 27, 2022 Hedge funds have Tether in their crosshairs as they keep betting against the stablecoin following TerraUSD’s collapse last month. Larger numbers of traditional hedge funds are shorting Tether, the world’s biggest stablecoin, through major crypto brokerage Genesis Global Trading Inc., the Wall Street Journal said. “There has been a real spike in the interest from [...]
Bitcoin price holding above $20k, but its dominance over crypto market is falling June 27, 2022 The price of Bitcoin was around $21,400 this morning, roughly flat over the past 24 hours and up three per cent since this time last week.
How the government needs the private sector to test digital currencies June 26, 2022 Project New Era is a privately-led, cross-industry initiative that will evaluate a future digital currency ecosystem in the UK.