Could Bitcoin be powered by volcanoes? January 18, 2022 | City Talk One topic at the forefront of crypto conversions in 2021 has been energy consumption. Due to record blockchain growth, coupled with the copious amounts of electricity needed to mine bitcoin and other assets, the quest for more renewable energy sources has become a top priority for an industry looking to lower its carbon footprint. For [...]
No Britcoin crypto: House of Lords says no to digital pound but Bank of England undeterred despite run on cash warning January 13, 2022 A bank run during economic downturns is a realistic scenario if an official British digital currency were to be created, a committee of peers has warned. The Lords Economic Affairs Committee said that the introduction of a central bank digital currency (CBDC) could pose “significant risks” in the UK. Bank of England officials are currently [...]
Google searches for ‘Sell Ethereum’ up 972 per cent following crypto plunge January 7, 2022 Analysis of Google search data reveals that online searches for “Sell Ethereum” exploded 972 per cent in the UK yesterday, the same day that the cryptocurrency dropped by over £300.
Visa rolls out crypto advisory service for banks and retailers December 8, 2021 Visa has today launched a global crypto advisory service for banks and merchants, as digital currencies gain traction. The world’s largest payment processor will educate financial institutions, which are keen to attract and retain customers, about cryptocurrencies as demand for such services has rocketed. Their new offering is also aimed at merchants exploring non-fungible tokens, [...]
Citi to hire 100 new staff in digital asset push November 23, 2021 International investment bank Citi plans to hire 100 new staff to bring digital asset expertise to the institutional side of the business.
Binance amps up global compliance efforts, deepens ties with Ireland November 23, 2021 Embattled crypto exchange Binance has said it will deepen its international ties as it seeks to buttress support for the platform.
New cryptocurrency named ‘JRR Token’ blocked by lawyers for Lord of the Rings creator Tolkien November 23, 2021 Lawyers representing the estate of Lord of the Rings creator JRR Tolkien have taken action against the developer of a cryptocurrency named “JRR Token”. Representatives of the Tolkien estate said the product, which was launched in August 2021, infringed the trademark of the world-famous author. The domain name “jrrtoken.com” was successfully recovered without opposition by [...]
UK advertising watchdog probes crypto meme coin Floki’s marketing ‘assault’ on London transport November 17, 2021 The Advertising Standards Authority (ASA) has bowed to calls for an investigation into an ad campaign for a digital token named after Elon Musk’s new dog, Floki, after hundreds of adverts for the cryptocurrency appeared across the capital’s transport network. A spokesperson for the ASA told City AM that the watchdog is currently investigating the [...]
The US’ largest grantmaker receives $274m in crypto donations November 16, 2021 As the world’s top digital assets flirt with new all time highs charities are receiving multi million dollar donations in crypto. Fidelity Charitable, the US’ largest grantmaker, has received more than $274m (£203m) in cryptocurrency contributions so far this year — nearly quadruple its prior record of $69m in 2017 according to a company spokesperson. [...]
‘Cheap money’ fuels crypto rush as Bitcoin bounces near record $66k high amid inflation fears November 8, 2021 Bitcoin jumped by more than 7 per cent over the last 24 hours, heading above $66,300. ’Bitcoin is bouncing higher again, close to all-time highs fuelled by expectations that the era of cheap money looks set to hang around for longer, while inflation is expected to keep ticking up,” Susannah Streeter, senior investment and markets [...]