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, [...]
Tingo and MICT agree to merge May 12, 2022 African agri-fintech company Tingo and financial services provider MICT have executed a definitive merger agreement to consolidate both operations across the African and Asian markets.
Binance appoints world-renowned cybercrime expert to security team May 12, 2022 Cryptocurrency exchange Binance has recruited Jarek Jakubcek as its Head of Intelligence and Investigations for Asia-Pacific.
Coinbase attempts to ease user concerns over bankruptcy alarm May 12, 2022 Coinbase is attempting to ease customer nerves following claims users would lose all their money if the platform went bankrupt.
El Salvador massively buys the dip, expect more ‘concerns’ from IMF May 12, 2022 Nigel Green expects "more low-key hysteria" from the International Monetary Fund, which has been highly critical of El Salvador’s pioneering approach to trying to boost their own economy through innovative financial solutions.
Bitcoin hits 16-month low amid trouble at Terra May 12, 2022 Bitcoin is currently changing hands for around $27k - a 15 per cent drop over the past 24 hours and 32 per cent over the past week.
The City View: Aviva CEO calls out City sexism, and recession likely May 11, 2022 Today Andy Silvester talks to City A.M. reporters Leah Montebello and Jack Barnett. Jack takes us through a prediction by the National Institute of Economic and Social Research of a technical recession at the end of the year, and talks inflation worries; and Leah discusses ITV’s new streaming service, and Channel 4’s partnership with YouTube. [...]
Exclusive: Moneybox sails past crowdfunding target as it readies crypto push May 11, 2022 London wealth management fintech Moneybox sailed past funding targets today as it bagged £4.9m crowdfunding to fuel its expansion into crypto and individual stock trading.
Lloyd’s of London licensed broker launches crypto insurance product May 11, 2022 A Lloyd's licensed insurance broker has launched a dedicated crypto product to shore up legal protections for digital asset firms.
London-based Fasanara Capital launches $350m crypto VC fund May 11, 2022 London-based asset manager Fasanara Capital is betting big on crypto with the launch of a $350m (£283m) dedicated fund.