UK has potential to become ‘global epicentre’ for crypto innovation March 23, 2022 The UK should solidify its position as a Fintech hub by creating a welcoming regulatory environment for crypto, industry experts claim.
Britcoin not expected until at least 2025, says BoE March 22, 2022 A digital currency backed by the UK's central bank (CBDC) will not be rolled out until 2025 at the earliest, a Bank of England grandee has revealed.
Fetch.ai boosted by MEXC Global $150m fund with Huobi and Bybit March 22, 2022 Cryptocurrency trading platform MEXC Global is to create an investment fund of $150 million, together with Huobi Global and Bybit, to support the growth of Fetch.ai.
UK home to second most hedge funds, as US dominates rise of crypto strategies March 22, 2022 Britain is home to the second largest hedge fund market in the world, with more than 500 set up in the capital since 2019. The US leads the way with 67 per cent of the global share, with New York boasting almost 7,000. Data compiled for SigTech also shows London has 2,230, with nearly a [...]
‘Death by over-regulation’: Losses from one cryptocurrency cannot be used to offset gains from other crypto under new tax rules in India March 22, 2022 India has introduced a number of new tax rules for cryptocurrencies. The most eye-popping clause is without a doubt the stipulation that losses from one crypto asset cannot be used to offset gains in another. So, in other words, if you lose some in trading Bitcoin, that cannot be offset vs gains from another asset, [...]
Naomi Osaka inks FTX deal with aim to ‘democratise’ crypto March 22, 2022 Naomi Osaka has inked a deal with crypto exchange FTX which will see the Tennis Star take an equity stake in the company.
UK watchdog slaps crypto industry with warning over ads March 22, 2022 The UK's advertising watchdog has fired a warning shot at the crypto industry amid a crackdown on misleading financial promotions.
Advertising Standards Authority issues enforcement notices to 50 crypto companies March 22, 2022 The Advertising Standards Authority (ASA) has today issued an Enforcement Notice to more than 50 companies which advertise cryptocurrencies, instructing them to review their ads and to ensure they are complying with the rules.
NFTs can disrupt exploitative music industry, says Tinie Tempah March 21, 2022 Tinie Tempah, the music artist behind Pass Out and Frisky, thinks that NFTs have the potential to disrupt exploitation in the music industry.
Experts predict surge in NFT related fraud in 2022 March 21, 2022 The number of NFT related frauds jumped five fold in the UK last year with the rise likely to continue according to industry experts.