How have crypto market moves affected consumer behaviour online? November 14, 2021 Ed Lavery explains how crypto market moves have affected consumer behaviour online.
FCA accused of changing compensation rules to avoid paying victims November 14, 2021 The UK’s financial regulator stands accused of unlawfully changing the rules of its compensation scheme to avoid payouts to victims. The FCA allegedly changed its complaints scheme as it was facing claims from savers who lost a total of £237m in the collapse of investment firm London Capital & Finance in 2019. The watchdog is being investigated [...]
Be excited about crypto – even if you don’t understand it November 12, 2021 Be excited and curious about what lies ahead for crypto, but don’t worry if you don’t understand it all fully, advises Jason Deane.
Dictador sells rare rum as NFTs for $25k a bottle November 11, 2021 Hot on the heels of Glenfiddich, rum brand Dictador has raised hundreds of thousands of dollars from selling bottles of vintage liquor as NFTs. Ten bottles of aged rum were sold for $25k (£18.6k) apiece. Buyers received a digital receipt in the form of an NFT which can either be resold or redeemed for a [...]
Twitter launches crypto team in decentralisation push November 11, 2021 Twitter is taking a further leap into the crypto space by launching an in-house crypto team led by Tess Rinearson. In a thread posted to Twitter, Rinearson revealed what the new team will be getting up to with the development of decentralised apps high on the priority list. The workgroup will also explore the promise [...]
Binance Labs ready to kick off season three of pioneering incubator program November 11, 2021 Binance Labs - the venture capital arm and innovation incubator of Binance - is set to begin 'Season 3' of its Incubation Program to support promising projects in the blockchain space.
No Bitcoin believers: Indonesia’s religious leaders forbid muslims from using crypto as currency November 11, 2021 Indonesia’s religious council has declared the use of crypto assets as currency unlawful for muslims. At a meeting of the National Ulema Council, MUI, clerics deemed cryptocurrency to be forbidden under Shariah law because it includes elements of uncertainty, wagering and harm. Trading cryptocurrencies as a commodity is also unlawful because it does not meet [...]
Bitcoin eases away from all-time high after dropping to $65,000 November 11, 2021 Bitcoin continued its streak yesterday, setting another new record high price of $68,500 before a sharp dip to $64k and recovery around $65k.
How digital currencies can generate BILLIONS in tax revenue November 11, 2021 Crypto AM columnist Jonny Fry examines how cryptocurrencies could actually put a smile on the face of the tax man.
Coinbase shares tumble as Q3 financials disappoint November 10, 2021 Coinbase shares are down by 8.5 per cent today after third quarter revenue came in beneath industry estimates. The Nasdaq-listed crypto exchange reported revenue of $1.2bn in Q3, a sharp drop compared to the $2bn made in the previous three months and well below estimates of $1.6bn predicted by Factset. Sluggish market conditions over Summer [...]