When gaming meets crypto: FACEIT to pay winnings in crypto following multi-million dollar partnership with Cake DeFi May 6, 2022 The London founded gaming firm FACEIT announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest growing crypto fintech platforms, which allows users to earn cash flow from their crypto.
Exclusive: My mission is to make the UK love crypto, says Matt Hancock May 6, 2022 Former cabinet minister Matt Hancock has doubled down on his support for crypto and said it is his “mission” to make the British public love digital assets. Hancock, who has emerged as a fierce defender of the crypto industry since resigning as health secretary in June, told City A.M. that he wants the UK to [...]
Self-proclaimed Bitcoin inventor sues crypto exchanges in multi-billion-pound trademark spat May 5, 2022 An Australian cryptographer, who claims to be the inventor of Bitcoin, is suing two of the world’s largest cryptocurrency exchanges over claims they undermined his intellectual property rights by using the name Bitcoin. Craig Wright, who claims to be the real person behind the Bitcoin creator’s alias Satoshi Nakamoto, is suing Coinbase and Payward – [...]
The City View: Bank of England hike rates once more May 5, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. Together they go through the thinking behind the Bank of England’s 25 basis point rate rise earlier today, which brought the UK’s interest rate to 1%. They take a look at the Bank’s forecasts, and explain why a recession is almost inevitable. [...]
UK pensions regulator puts dampener on crypto as US funds dip their toes May 5, 2022 The UK pensions regulator has dampened hopes that British pension schemes may follow US counterparts into crypto investment today, claiming that fund managers should not “speculate” with savers’ cash.
Binance chips in $500m of Elon Musk’s $44bn for Twitter takeover May 5, 2022 Binance is understood to have ploughed a massive $500m into Elon Musk's $44 billion war chest to snap up Twitter.
Canadian investment group bets on London for sparkly European HQ May 5, 2022 Canadian investment group CDPQ has bet on London for its European headquarters, in a decade-long vote of confidence in the capital. CDPQ, also known as Caisse de dépôt et placement du Québec, passed up on a Parisian HQ – unlike those at crypto platform Binance. The glittering lights of Carnaby and Soho have caught the [...]
Bitcoin gets a spring in its step again as US looks to tame inflation May 5, 2022 The price of Bitcoin edges closer to $40,000 and Ethereum goes above $2,900 as crypto markets shake off recent slump.
Gucci to accept crypto payments at US stores in digital asset push May 5, 2022 Gucci is doubling down on its support for crypto with plans to start accepting digital asset payments across US stores.
1 Minute Market Rundown – 5th May 2022 May 5, 2022 Powell Not as Hawkish as Market Priced In…But Not Dovish By Any MeansCrypto Bounces with Risk Assets So the highly anticipated FED meeting came and went and all things considered…we feel we are exactly where we were before the meeting minus a little bit of cleaner positioning in the market. If you will recall yesterday’s [...]