Global regulation needed for crypto to reach its full potential – Lord Holmes September 29, 2021 Representatives from the UK’s House of Lords, Binance and top lawyers are divided over the direction of crypto regulation. At City A.M.’s crypto summit today Lord Holmes, who founded the first parliamentary group on FinTech in 2016, called on governments worldwide to collaborate on regulation. He warned that global agreement on crypto trading rules is [...]
Cryptocurrency markets struggle again as debt ceiling deal fails September 29, 2021 The prices of Bitcoin and other major cryptocurrencies are largely flat over the last 24 hours, though still down slightly from before Friday’s news about China.
Summit Live: Crypto is the ‘rock and roll’ of this generation September 29, 2021 Digital assets are here to stay according to expert panelists at City A.M.’s summit who dubbed crypto the ‘rock and roll’ of this generation. At a panel discussion chaired by tech journalist Monty Munford speakers were emphatic that young people will be at the forefront of crypto adoption going forwards. A staggering 20 per cent [...]
Ethereum developer pleads guilty to helping North Korea evade sanctions September 28, 2021 Ethereum developer Virgil Griffith has pled guilty to conspiracy charges after helping North Korea to evade US sanctions using crypto payments. Griffith yesterday admitted to conspiracy to violate the International Emergency Economic Powers Act by helping North Korea to set up crypto payment infrastructure. The software expert was arrested in 2019 after speaking at the [...]
Joe Rogan labels NFTs a ‘cryptocurrency hustle’ September 28, 2021 US sports commentator and social media personality Joe Rogan called NFTs a “cryptocurrency hustle” in recent comments on his podcast. When asked whether he would buy an NFT by guest Patrick Bet-David, an entrepreneur, Rogan said he was “not interested.” He continued by saying, “It’s a weird hustle, I think it’s like a crypto currency [...]
Joe Rogan labels NFTs a ‘crypto currency hustle’ – CityAM : CityAM September 28, 2021 US sports commentator and social media personality Joe Rogan called NFTs a “crypto currency hustle” in recent comments on his podcast. When asked whether he would buy an NFT by guest Patrick Bet-David, an entrepreneur, Rogan said he was “not interested.” He continued by saying, “It’s a weird hustle, I think it’s like a crypto [...]
Europe becomes the world’s largest crypto market as UK adoption surges September 28, 2021 EUROPE has been crowned the world’s largest crypto market with investment in decentralised finance (DeFi) driving a surge in transaction volumes. European countries received more than $1tn (£734.4bn) worth of cryptocurrency in the space of a year, which represents 25 per cent of global activity, according to a new study by Chainalysis. The UK was [...]
Bitcoin and Ethereum head into decline as investors look to play safe after China ban September 28, 2021 Bitcoin is currently changing hands for around $42k, down from just below $44k yesterday. Ethereum has also fallen to below $2,900 again.
City watchdog puts social media firms ‘on notice’ to bolster consumer protections September 28, 2021 The City watchdog has put social media companies “on notice” to strengthen their consumer protections or face penalties. Speaking at the Financial Conduct Authority’s (FCA) annual public meeting today, Mark Steward, the regulator’s executive director of enforcement and market oversight, said: “All of them [social media firms] need to change their processes or procedures otherwise [...]
Exclusive: Institutional investors and wealth managers increasingly ‘test’ crypto market September 28, 2021 More than six in ten institutional investors and wealth managers from the US, UK, France, Germany, and the UAE that currently don’t have any exposure to cryptocurrencies and digital assets, expect to invest in these for the first time within the next year, according to new data, shared exclusively with City A.M. today. In most [...]