Crypto market fluctuations continue as Bitcoin price retraces March 2, 2023 The price of Bitcoin has yet to shift this morning after starting the day at $23,800 - down by little over one per cent on yesterday.
Formula 1 to target China expansion? McLaren commercial chiefs hope so March 2, 2023 Formula 1 team McLaren would back the sport venturing further into China and the surrounding Asian continent amid a growing feeling that the series is yet to cash in on the opportunities the Far East market provides. Nick Martin, the director of new business at the Woking-based F1 outfit, told City A.M. that McLaren acknowledges [...]
Fintech won’t be derailed by recessions – but it still needs strong regulation to thrive March 2, 2023 Fintech will survive the current economic challenges - it always does. But in order to reach it full potential, it needs strong compliance and regulation to ensure trust, writes Dima Kats
Sam Bankman-Fried’s director of engineering at FTX pleads guilty to six criminal charges March 1, 2023 THE former Director of Engineering at collapsed crypto exchange FTX – Nishad Singh – has entered a guilty plea to a slew of criminal charges in the US.
Revolut auditor flags concern over £477m of revenue in long-delayed 2021 accounts March 1, 2023 Revolut’s auditor BDO was not able to independently verify three-quarters of the £636m total revenue reported by the fintech firm in its long-delayed 2021 accounts, Revolut’s annual report showed. The 2021 accounts were signed off this week after months of delays, following a revamp of Revolut’s internal accounting systems and heavy regulatory scrutiny. But BDO [...]
Unexpected green candles appear for Bitcoin, Ethereum and most altcoins March 1, 2023 Bitcoin is trading for $23,740, up by more than 2% over 24 hours while Ethereum is in a similar range at $1,652, also in the green by 1.8%.
MultiversX aims to reimagine digital world with launch of new xPortal ‘super app’ February 28, 2023 MultiversX Labs has announced what it describes as 'a pivotal moment in the evolution of digital finance and the Metaverse' with the launch of its 'xPortal Super App'.
Britcoin could ‘open a new frontier’ in payments, says BoE official February 28, 2023 A central bank digital currency (CBDC) could “open a new frontier” in payments and even make the financial system more stable, the deputy governor at the Bank of England said today. Speaking to MPs at a Treasury Committee hearing, deputy governor Jon Cunliffe said a so-called digital pound “could have huge benefits for the economy [...]
Digital Pound: Busting the privacy myths February 28, 2023 Martin Hargreaves, Chief Product Officer with Quant, debunks some of the myths he believes surround the advent of the digital pound.
OKX says it holds $8.6 billion in Bitcoin, Ethereum and dollars as proof-of-reserves February 28, 2023 OKX, the world’s second-largest crypto exchange by trading volume, has revealed it holds $8,6 billion in Bitcoin, Ethereum and US dollars.