F1 must decide if chasing new markets should come at cost of racing May 16, 2022 The Crypto.com Miami F1 Grand Prix was every bit as commercialised and over the top as you’d expect from anything in the Sunshine State of Florida. But among the fanfare, celebrity and extravagance of last week’s event, the racing was almost forgotten. A safety car caused by McLaren’s Lando Norris was the only point of [...]
City boss pays staff in gold to beat inflation: ‘Makes no sense to pay them in pounds’ May 15, 2022 Staff at a financial services firm in the City of London have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other [...]
Crypto crash: Sharp falls will increase calls for regulation, say analysts May 15, 2022 BITCOIN remained some 30 per cent down on the year last night as the crypto crash which saw a host of ‘coins’ drop significantly in value at the back end of the week showed no signs of an immediate halt. The ethereum coin was trading around $2,000 over the weekend, having hit as high as [...]
Tech Weekly: Crypto plummets, and analysing tech stock rout in 2022 May 13, 2022 This week City A.M.’s Charlie Conchie talks to Lorne Daniel, Technology Research Analyst at financial services company finnCap. They unpick a very rough quarter for tech companies and tech stocks, and go through what’s to come. Charlie also takes us through the main headlines this week — multiple cryptocurrencies have plummeted in value, pressure is [...]
No LUNA rescue mission as $3 billion package is blasted as ‘fake news’ May 13, 2022 An asset management company reported to have put together a $3 billion rescue package for collapsed cryptocurrency ecosystem Terra has said the reports were FAKE.
Crypto winter: Bitcoin in ‘something of a recovery’ amid fears worst yet to come May 13, 2022 Bitcoin has seen “something of a recovery” as cryptocurrency investors have been left counting their losses after a crash this week. Cryptocurrencies including Bitcoin and Ethereum hit historic lows on Thursday in a major price meltdown that wiped out previous gains. Over the past week, the price of Bitcoin has plunged more than a fifth [...]
FCA hosts crypto event to assess how digital assets can be regulated May 13, 2022 The UK’s Financial Conduct Authority hosted a two-day ‘CryptoSprint’ event aimed at exploring how crypto assets could be regulated in the UK.
Funding round takes Chainalysis value up to $8.6 billion May 13, 2022 Blockchain data platform Chainalysis has completed a $170 million Series F financing round, bringing its valuation to $8.6 billion.
Optimism returns to crypto markets as the day is greeted by big green candles everywhere May 13, 2022 The doom and gloom is still in the markets, but optimism abounds as almost every cryptocurrency turned green today.
Crypto crash: Gains wiped out as host of coins collapse May 12, 2022 The prices of Bitcoin, Ethereum and other cryptocurrencies plummeted to 16-month lows yesterday in a major crash that wiped out the gains made during the past year’s bull market. The past week has seen the price of Bitcoin drop by more than a fifth and the price of Ethereum drop by more than a quarter, [...]