DOT takes lead as Bitcoin recovers, but retail market still yet to join party October 14, 2021 A swift recovery for Bitcoin has seen the price of the largest cryptocurrency climb back to more than $57k, having briefly dropped below the $55k mark yesterday.
Bank bigwig warns of potential for “massive” crypto crash October 14, 2021 A BANK of England grandee has called for cryptocurrencies to be regulated as a “matter of urgency,” warning that a “massive” market crash is a realistic scenario. Sir Jon Cunliffe, the Bank’s deputy governor for financial stability, said that crypto volatility poses a rapidly growing threat to the world economy. A crash would have the [...]
The whisky-maker putting the ‘fun’ in Non-Fungible October 13, 2021 Glenfiddich is putting the “fun” into non-fungible, with NFTs you can drink. The pioneering single malt whisky brand is partnering with BlockBar, a new platform for buying, collecting and trading non-fungible tokens (NFTs) related to luxury wines and spirits. The service will launch next week, with the sale of limited edition Glenfiddich NFTs: fifteen unique [...]
Bank of England: Crypto regulation must be pursued as ‘matter of urgency’ October 13, 2021 The Bank of England has called for crypto currencies to be regulated as a “matter of urgency” warning that a market crash is “plausible.” Speaking at the SIBOS conference yesterday, Jon Cunliffe, deputy financial stability officer for the UK’s central bank said that crypto poses a rapidly growing threat to the global economy. A crypto [...]
Whisky giant Glenfiddich releases exclusive bottles with NFT authenticity certificates October 13, 2021 Award-winning whisky brand Glenfiddich is set to toast the current crypto craze by selling 15 bottles of a 46-year-old single malt with exclusive NFT certificates.
Momentum falters for Bitcoin but alts show fresh signs of life October 13, 2021 Bitcoin’s buoyant start to October is showing signs of flagging, with the price dropping more than four per cent over the past 24 hours from more than $57k to around $55k this morning.
Cryptoization threatens global economic stability warns IMF October 13, 2021 The IMF has said the adoption of crypto currencies as the main national currency carries “significant risks and is an inadvisable short cut.” In its latest global financial stability report the IMF cautioned that while the risks posed by crypto are “not yet systemic” the situation should be “closely monitored” by governments given the “global [...]
All-time high still in Bitcoin’s sights despite signs of a pull-back October 13, 2021 An all-time high for Bitcoin in the coming weeks is still on the cards, says a leading analyst.
Binance launches $1bn fund to encourage mass crypto adoption October 12, 2021 Binance, the world’s largest crypto exchange, has launched a $1bn (£736m) Crypto Mass Adoption Fund to accelerate the use of digital assets and blockchain technology. The billion dollar investment will support the Binance Smart Chain, a blockchain which developers can use to build decentralised applications (dapps) and projects. Half of the fund will be reserved [...]
Binance launches $1bn fund to encourage mass crypto adoption – CityAM : CityAM October 12, 2021 Binance, the world’s largest crypto exchange, has launched a $1bn (£736m) Crypto Mass Adoption Fund to accelerate the use of digital assets and blockchain technology. The billion dollar investment will support the Binance Smart Chain, a blockchain which developers can use to build decentralised applications (dapps) and projects. Half of the fund will be reserved [...]