Meatpacking giant JBS dishes out £7.8m in crypto ransom after cyber attack June 10, 2021 Meat processing giant JBS has dished out around £7.8m in a crypto ransom to rid its networks of hackers in a major cyber-attack, the company confirmed last night. The meatpacker’s computer networks were hacked at the end of May, which forced some operations in Australia, Canada and the US to temporarily shut down. The ransom [...]
Businessman from Bury invents crypto mining machines that can run on cow poo June 9, 2021 Elon Musk’s eco worries over cryptocurrency mining may have been solved… by an entrepreneur from Bury who has invented a crypto mining machine that can be powered by cow poo.
El Salvador’s Bitcoin adoption as legal tender triggers start of market recovery June 9, 2021 Crypto markets show some signs of recovery as El Salvador becomes first country to make Bitcoin legal tender.
Next generation of investors: One in four students now own crypto June 8, 2021 With crypto fever once again making headlines in recent weeks, it seems that students are increasingly jumping on the digital currency bandwagon. A study of over 24,000 UK students, conducted by student website UNiDAYS, found that 24 per cent now own some form of the digital asset, with a further third intending to buy within some the next [...]
How to read Bitcoin’s curves and beat the government printing process June 8, 2021 Analyst Dr Chris Kacher takes a detailed look at how Bitcoin's curves can be used to find the right time to invest.
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 [...]