FTX scrambles for emergency funds as contagion fears grow November 10, 2022 Bitcoin could tumble to as low as $13,000 as the industry is rocked by the crisis at the crypto exchange FTX, JP Morgan has warned.
FTX plunges following Binance bailout November 8, 2022 FTX coin plunged as much as 75 per cent this evening after crypto exchange Binance struck a dramatic deal to snap up its beleaguered rival. FTX, led by billionaire chief Sam Bankman-Fried, had been locked in a high-profile spat with Binance boss Changpeng Zhao in recent days, which had sparked an investor exodus from FTX. [...]
Crypto-friendly Rishi Sunak means a major boost for Bitcoin Britain October 27, 2022 Rishi Sunak has become the UK’s third prime minister in three months. The new Tory leader is an interesting one from a crypto point of view. As finance minister, Sunak famously ushered in the Financial Services and Markets Bill earlier this year, aiming to bring stablecoins into the UK payments system. He said at the [...]
Exclusive: UK police record £36m fraud linked to Cristiano Ronaldo-backed cryptocurrency giant Binance October 11, 2022 UK investors lost £36million in fraud last year relating to the crypto firm Binance before it partnered with Cristiano Ronaldo, fresh police figures have revealed. The figure, shared exclusively with City A.M. this morning, was revealed following a Freedom of Information (FOI) request by InvestingReviews.co.uk, and comes as Binance faces a growing global crackdown from [...]
Shares tank 15 per cent for Argo Blockchain as it pens new crypto mining agreement October 7, 2022 Shares plunged nearly 15 per cent for Argo Blockchain after the cryptocurrency mining giant penned an agreement with an undisclosed party to host and operate mining machines at its Helios facility in Texas. Up to 32 megawatts of power capacity will be provided by the company, which is roughly enough to power over 10,000 mining machines. In [...]
Criminals turn to cross-blockchain tools to hide billions in cryptocurrencies October 4, 2022 Criminals are using complex new blockchain technologies to hide and launder billions in ill gotten gains. At least $4bn (£3.6bn) worth of illicit crypto-assets has been laundered via various “cross-chain” technologies, that let both legitimate and illegitimate users move funds between blockchains, analytics firm Elliptic said. Decentralised exchanges (DEXs), cross-chain bridges, and coin-swap services are [...]
McLaren unveil cyberpunk-inspired Formula 1 livery September 27, 2022 Formula 1 team McLaren have unveiled a new, bespoke, livery to be used at this weekend’s Singapore Grand Prix. The new-look car has a cyberpunk-inspired look to its flank whereby the apparent interior is painted on the exterior. The livery has been unveiled in partnership with crypto exchange firm OKX, who also have a partnership [...]
FCA: Crypto exchange FTX may be operating in UK without authorisation September 19, 2022 Britain’s Financial Conduct Authority said on Friday cryptocurrency exchange FTX may be offering financial services or products in the UK without its authorisation. FTX is one of the world’s largest crypto exchanges, raising its profile this year by acting as crypto’s white knight, throwing lifelines to digital asset platforms which have faltered as cryptocurrency prices [...]
Digital gold or fool’s gold: is crypto really a hedge against equity risk? September 14, 2022 | City Talk Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act like “digital gold,” serving as a hedge against equity risk and helping investors ride out such downturns. Such bold claims beg for examination, especially amid [...]
Claimants pile into Dogecoin lawsuit against Elon Musk September 8, 2022 A $258bn lawsuit accusing Elon Musk of running a “crypto pyramid scheme” to bolster the price of Dogecoin has expanded to include seven new claimants and six defendants, including The Boring Company. The lawsuit, first filed in a New York federal court in June, accuses the world’s richest man of running a ponzi scheme by [...]