Bitcoin continues to gain ground as crypto markets look to establish stability January 11, 2023 The price of Bitcoin is up by 1% over 24 hours at $17,440 this morning while Ethereum is changing hands for $1,335 - a modest rise of 0.49%.
FTX: Now UK investors are caught up in collapse of crypto trading platform January 11, 2023 Thirteen investors caught up in the collapse of cryptocurrency trading platform FTX have made fraud reports to UK police. FTX filed for bankruptcy on November 11 after it was alleged that then-chief executive Sam Bankman-Fried, 30, had illegally diverted massive sums of customer money from the company to a second firm that he owned, Alameda [...]
Matrixport now using Chainalysis to enhance compliance standards January 10, 2023 Digital asset eco-system Matrixport today began using Chainalysis’ blockchain data platform as part of its efforts to enhance compliance.
Coinbase to layoff 20 per cent of staff as crypto market declines January 10, 2023 Coinbase Global Inc COIN.O said on Tuesday it will reduce its workforce by about 20 per cent, or 950 employees.
Dechert hires ‘high stakes’ litigator to fight journalist’s ‘hack-and-smear’ lawsuit January 10, 2023 US law firm Dechert has hired “high-stakes” litigator Kaplan, Hecker & Fink to defend it from being sued by a former Wall Street Journal reporter, over claims it hired hackers to tarnish his reputation and push him out of a job. Dechert is being sued by the WSJ’s former chief foreign correspondent, Jay Solomon, over [...]
City minister says UK crypto regulations unlikely to be ready in 2023 January 10, 2023 City minister Andrew Griffith said regulations for digital currencies are unlikely to be ready in 2023, as he reaffirmed the government’s aim to be “the home of well-regulated [and] technologically-advanced financial systems”. In a wide-ranging Treasury committee hearing today, Griffith was quizzed by MPs on the risks facing the crypto industry and the potential for [...]
Crypto exchange Tap Global becomes one of London’s first listings of 2023 January 10, 2023 Tap Global has become one of London’s first listings of 2023 and the UK’s first listed crypto exchange services provider.
Aggressive institutional investors pushing into digital assets set to replace retail players January 10, 2023 Institutional investors are set to replace retail investors as the major holders of digital assets in 2023, according to new research shared with City A.M. today. More than 7 out of 10 of professional investors believe institutions will hold 60 per cent of digital assets within seven years, reversing the current status where institutions hold [...]
Yesterday’s Bitcoin gains hold firm as crypto markets show promise January 10, 2023 Bitcoin and Ethereum are up by 0.3% and 1.30%, respectively, with Bitcoin trading for $17,266 this morning, and Ethereum priced at $1,332.
Bitcoin millionaires ‘drop like flies’ as FTX fallout shakes crypto market January 9, 2023 The number of bitcoin millionaires has plunged and scammers have filled their boots in the past year as the market is gripped by a ‘crypto winter’, brought on by soaring inflation and a string of high profile bankruptcies.