Opinion: Crypto brands’ sporting land-grab is only just beginning March 29, 2022 As Lionel Messi and Fifa become the latest to do huge deals with cryptocurrency and blockchain-related brands, sports sponsorship expert Henry Nash of Octagon assesses the major new player in the market. I suspect I wasn’t alone in thinking the Nielsen 2022 Global Sports Marketing Report would be a story of Covid’s brutal impact on [...]
Crypto fraud up 64 per cent as investment spikes for mainstream March 28, 2022 Crypto investment fraud in the UK has continued to rise sharply in the UK with a total of 9,458 cases reported in 2021, up 64 per cent from 2020 figures according to data from Pinsent Masons.
Crypto scam: Pig butchering on dating sites makes the Tinder Swindler looks like an amateur March 24, 2022 City A.M. is increasingly receiving reports about a new crypto scam called ‘Pig Butchering’, which combines the intimacy of romance scams with the wild west of crypto cons. In this scam, the victims are referred to as pigs being prepared for slaughter: they’re raised for their meaty profit under the promise of ‘happily ever after’ [...]
‘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, [...]
Tales from the Crypto: Will digital assets save sport sponsorship or prove a horror story? March 21, 2022 When you think of US cable TV giant HBO, blockbuster drama series like Game of Thrones, The Sopranos and The Wire immediately spring to mind. One of the first major triumphs for the network, though, was Tales from the Crypt, a horror anthology inspired by a cult 1950 comic book series. The series was successful [...]
US vows to target crypto exchanges that allow sanctioned oligarchs to use their services March 12, 2022 The US has said it plans to target cryptocurrency exchanges that help sanctioned oligarchs move dirty money. The US Department of Justice’s (DoJ’s) KleptoCapture taskforce, which was set up this month to enforce sanctions on Russian oligarchs, is set to prosecute banks and cryptocurrency exchanges that fail to prevent sanctioned individuals from using their services. [...]
FCA orders crypto ATM operators in UK to shut down all machines now or face punishment March 11, 2022 The Financial Conduct Authority has told the operators of all 81 Bitcoin ATMs in the UK to shut the machines down immediately, or face enforcement action.
Rich Brit kids: Number of UK millennial millionaires doubles as crypto, startups and meme stocks power fortunes March 6, 2022 The number of UK millennial and Generation Z millionaires has hit a record high, doubling to 2,000 in the most recent year from 1,000 the previous year, according to new researched shared exclusively with City A.M. this morning. The data also shows a 28 per cent increase in millennial and Gen Z taxpayers declaring income [...]
Billboard teams up with Universal Music to create NFT digital collectibles March 2, 2022 Music big names Billboard and Universal Music Group have teamed up to launch ChartStars, a non-fungible token (NFT) based project of curated digital collectibles that will leverage the environmentally friendly Flow Blockchain. The launch of ChartStars marks Billboard’s first scalable NFT product geared toward music fans. It will be a collection of artist-focused digital artwork that commemorates achievements and milestones [...]
UK government seeking to give courts new powers to track down crypto assets February 25, 2022 The UK government is drawing up new rules to tackle crypto fraud, with a view to making it easier for courts to trace crypto assets. Speaking at a legal conference yesterday, Sir Geoffrey Vos, one of Britain’s most senior judges, said a sub-committee of the body that writes the rules for civil courts, is seeking [...]