Crypto markets crash despite Latin America rushing to Bitcoin June 8, 2021 Bitcoin has again found strong support at just above $32k this morning after dropping 10 per cent over the last 24 hours, while Ethereum (ETH) has also again managed to again bounce back at $2,500 following a similar fall in price.
MiCA: A ‘beta version’ of crypto-assets regulation in the EU June 8, 2021 Alexander Prognimak, CFA from the CFA UK Future of Money Working Group, looks at European Union plans for crypto-assets. Gone are the days when London’s famous red buses would be carrying adverts promoting the dream of a shiny post-Brexit future for the NHS. As one ad (that has attracted the advertising regulator’s attention) read: ‘If [...]
Bitcoin dips after Donald Trump says cryptocurrency ‘seems like a scam’ June 7, 2021 Bitcoin’s price dipped today after former US President Donald Trump said the cryptocurrency “seems like a scam” and called for regulators to take action. In an interview with Fox Business Network, Trump ramped up the rhetoric against Bitcoin, complaining it posed a risk to the US dollar. “Bitcoin, it just seems like a scam,” he [...]
Despite Bitcoin mania, the Bank of England is in no rush to ‘go crypto’ June 7, 2021 The Bank of England today published a summary of responses to a discussion paper on digital currency. The central bank said payments made with ‘stablecoin’ should be regulated in the same way as payments made by banks if they become widely used. Governor of the Bank of England, Andrew Bailey, clarified that “the prospect of [...]
China blocks crypto social media accounts amid crackdown June 7, 2021 A string of cryptocurrency-related social media accounts have been blocked in China as Beijing stepped up its crackdown on bitcoin trading and mining. Over the weekend access was blocked to a number of widely-followed accounts on Weibo — the country’s equivalent of Twitter — with a message saying they “violate laws and rules”. Further action [...]
UK’s first cryptocurrency ETP launches as institutional demand for crypto returns June 7, 2021 CryptoCompare data shows the price of Bitcoin (BTC) has moved chiefly sideways throughout the week, starting at $36,000 and at one point rising to test the $40,000 mark, before it plunged to $35,000.
A sea of tranquillity for crypto markets, but are stormy waters ahead? June 7, 2021 The talk of the crypto town continues to be whether the big Bitcoin bull run is over, but those looking for decisive evidence either way this weekend will have been sorely disappointed.
‘Stablecoin’ payments must be regulated like banks, says Bank of England June 7, 2021 The Bank of England has said payments made with ‘stablecoin’ should be regulated in the same way as payments made by banks if they become widely used. Stablecoins are a type of cryptocurrency usually pegged to a traditional currency and thus are intended to avoid the volatility usually associated with crypto. “The prospect of stablecoins [...]
Anonymous say video message to Elon Musk over Bitcoin meddling isn’t theirs June 7, 2021 Guerrilla hacking group Anonymous has denied it was behind a public warning to Elon Musk over his Bitcoin tweets.
Bitcoin investors are growing weary of Elon Musk’s tiresome tweets June 4, 2021 Bitcoin holders throughout the world will eventually begin to ignore Elon Musk’s incessant tweets, and the Tesla chiefs influence will have no bearing on the market.