BoE lays down crypto regulation plans following crash July 12, 2022 The Bank of England laid down its plans for crypto regulation in the UK following the drastic instability from the “crypto winter.” Deputy Governor Jon Cunliffe said the Bank would apply identical regulation to different financial services in the UK, regardless of how they are provided, if the risks presented by them are the same. [...]
It’s time for the crypto world to get over FUD and FOMO July 12, 2022 Fear, uncertainty and doubt have overtaken the primal fear of missing out, says AAX's research and strategy chief Ben Caselin.
Bitcoin dips below $20k as markets remain uncertain ahead of latest inflation figures July 12, 2022 The price of Bitcoin is down 3.75 per cent over the past 24 hours this morning, changing hands for around $19,800.
Poundtoken launches as the first fully-backed GBP stablecoin regulated in the British Isles July 11, 2022 Blackfridge has launched poundtoken - the first British-regulated stablecoin fully backed 1:1 by pound sterling (GBP).
Terra Luna crash shows need for ‘non-negotiables’ in crypto regulation, says FCA official July 11, 2022 The Terra Luna crash this year caused investors to lose significant amounts of money and shows why “non-negotiables” in crypto regulation are needed, the FCA said. “When we look at the Terra Luna collapse, (the harm caused by it) is some people’s life savings,” said Richard Fox, Director of International at the FCA, at a [...]
Bitcoin more likely to fall to $10,000 than rise to $30,000, survey July 11, 2022 The price of Bitcoin is more likely to drop to $10,000 than jump to $30,000. The biggest cryptocurrency will probably cut its current value of $20,372 by about half rather than surge, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey, Bloomberg reported. The rest saw it climbing back. [...]
Binance served Iranian crypto clients despite US sanctions, company ban July 11, 2022 Binance processed trades by clients in Iran despite sanctions by the US ban and ban by the company on doing business in the county. The US imposed sanctions on Iran in 2018 with Binance banning business in the country the same year, but the world’d biggest crypto exchange ignored this and still served Iranian crypto [...]
Crypto exchanges’ Bitcoin balances plunge, and Ethereum closer to major upgrade July 11, 2022 Data from CryptoCompare shows that the price of Bitcoin moved up at the beginning of last week, going from a $19,000 low to a $22,000 high
£15,000 NFT purchase for access to private members’ club in the City July 11, 2022 by Eliot Wilson Lockdown was a tough time for private members’ clubs. After all, if your business model is posited on people meeting face-to-face in a physical location, social distancing is social death. Some managed to adapt: the Ivy Club offered online events for members, while the Ned dispatched cocktails to the homes of its [...]
Revolut launches ‘Learn & Earn’ crypto feature July 11, 2022 Financial app Revolut is set to launch a Coinbase-style crypto 'Learn & Earn' feature on its banking platform.