Crypto markets reach highest level since May as US tax legislation looms August 9, 2021 Crypto at a Glance The cryptocurrency market yesterday rallied to its highest level since 19 May, hitting a total market cap of more than $1.85 trillion as both Bitcoin and Ethereum made gains. Sentiment has also flipped to greedy for the first time since May, according to the Fear & Greed Index, while the Twitter [...]
Crypto community battles ‘unworkable requirements’; Ethereum upgrade goes live August 9, 2021 Cryptocurrency data shows the price of Bitcoin moved from close to $40,000 at the beginning of the week to a $38,000 low, seemingly after failing to go above that mark. As the week developed, however, BTC surpassed it to now trade at $44,000. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved in a similar [...]
London law firms launch first global crypto fraud network August 9, 2021 A network for crypto-related fraud has been launched by a group of law firms, including Grant Thornton, in a bid to make the UK a global centre for crypto dispute resolution, amid a rise in scams. The ‘Crypto Fraud and Asset Recovery’ (CFAAR) network has been created with the aim of becoming a “known body [...]
Coinbase gets its (second) act together – really August 7, 2021 City AM columnist Monty Munford casts away his early doubts over Coinbase to discover a new-found love for the platform.
Crypto AM Daily in association with Luno August 6, 2021 Crypto at a glance with Jason Deane It “feels” like Bitcoin has been busy over the last few days, yet we find ourselves pretty much back where we were this time last week, price wise at least. Of course, for many of us, short term price is completely irrelevant since we’re so focussed on where [...]
Redesigning the global financial infrastructure for the digital-age August 6, 2021 Since the ‘DeFi Summer’ of 2020, the DeFi market has grown by 40 times, with the Total Value Locked currently standing at $61B. Stablecoins, one of the major pillars of DeFi, almost quadrupled in the first half of 2021 to $112 billion. Novum Insights’ latest report Decentralized Finance: Re-designing the global financial infrastructure for the [...]
Being Paid in Crypto. Will it get you two six-month holidays per year? August 6, 2021 Millions of Americans live in bad economic conditions and don’t have even $1,000 of savings to cover emergency expenses. In 2019, about 61% of the US population couldn’t cover a $1,000 emergency bill and even stimulus payments haven’t improved the situation. As global economic conditions harden because of the COVID-19 pandemic, Bankrate estimates only 39% [...]
China tech crackdown: From Jack Ma’s disappearance to online tutoring debacle August 5, 2021 Chinese technology giants once seemed untouchable, with billions of profits through aggressive expansion. But that status is now more uncertain after a year of Beijing’s sweeping regulatory crackdowns that have spread like wildfire across sectors. The saga started last October when Chinese billionaire Jack Ma, who founded e-commerce behemoth Alibaba, criticised China for lacking a [...]
Ethereum upgrade incoming as price continues to surge August 5, 2021 Crypto at a glance The Ethereum price continues to soar this morning ahead of today’s big upgrade, up 8% over the past 24 hours to almost $2,700. The latest push means Ethereum is up more than 16% over the week, with five Ethereum Improvement Proposals set to get incorporated into the blockchain’s code today. The [...]
Ethereum prepares for upgrade as Cardano takes lead August 4, 2021 Bitcoin is currently trading at around $38,000 after seeing a 10% correction from its 1 Aug peak of $42,500. It’s currently down about 1.5% over the past 24 hours and changing hands for around $37,750. There’s significant support at $37,500, but if this fails to hold today then we may see a further slip to [...]