Fintech challenger bank Revolut hits back at Google, Microsoft, Facebook and Twitter over “heavy-handed” approach to crypto ad ban June 1, 2018 Banking challenger and fintech unicorn Revolut has openly criticised the clampdown on cryptocurrency advertising by tech giants like Google and Microsoft, saying that legitimate businesses like its own are going to get “unfairly caught in the crossfire”. The fintech stalwart’s head of mobile, Ed Cooper, has hit back at claims that the ad ban is [...]
Bank of England bitcoin rival would “strengthen” effects of monetary policy changes May 30, 2018 A central bank-run digital currency to rival cryptocurrencies such bitcoin and ethereum could make monetary policy changes a more effective tool, according to Bank of England research. The Bank has recently released a flurry of research weighing the potential risks and benefits of central bank digital currency (CBDC), with the potential to revolutionise monetary policy. [...]
Plus500 sets course for main market after crypto surge and record quarter results May 24, 2018 Broker and spreadbetting company Plus500 has announced that it is applying for all its shares to be admitted to the London Stock Exchange main market. The company, which is currently listed on the Alternative Investment Market (Aim), is announcing this move only a few weeks after revealing record-breaking first quarter results in which its pre-tax [...]
Revolut adds ripple and bitcoin cash to its crypto selection May 24, 2018 The fintech challenger bank Revolut has announced that it will be introducing the cryptocurrencies ripple (XRP) and bitcoin cash to its clients in addition to the cryptocurrencies it has already made available. Revolut, which gave clients the possibility to trade in cryptocurrencies in December last year, had already made bitcoin, litecoin and ethereum available for [...]
Investors’ mood the only factor that determines crypto value, study claims May 23, 2018 A study published by Warwick Business School claims that cryptocurrencies’ value are not driven by any specific economic factors but purely by the mood of the investors. Cryptocurrencies like bitcoin have been criticised in the past for their volatile price changes and unpredictable value patterns and, since the currencies are not linked to any national [...]
Bitcoin mining could take up 0.5pc of global energy consumption in 2018 May 20, 2018 A study has found that by the end of this year, bitcoin mining could be using as much as half a per cent of the world’s global energy usage, making it a significant threat to renewable energy efforts and potentially making it an inefficient investment. Bitcoin mining, which has received increased interest from both the [...]
Visa UK’s former chief executive Marc O’Brien joins world’s first crypto bank Crypterium May 20, 2018 Marc O’Brien, the former chief executive of Visa UK and Ireland, will be taking on the role of chief executive for the world’s first mobile cryptocurrency bank. O’Brien, who left Visa in 2014, will be leading crypto start-up Crypterium which is a mobile service that aims to simplify cryptocurrency transactions as many still struggle to [...]
Twitter’s Jack Dorsey endorses bitcoin hoping it will become the internet’s ‘native currency’ May 18, 2018 Twitter chief executive Jack Dorsey endorsed bitcoin at the cryptocurrency conference Consensus in New York saying that it should be the official currency of the internet. Dorsey, who is also chief executive of the mobile payment service Square, has now become a public supporter of cryptocurrencies saying he is a “huge fan” of the growing [...]
Microsoft follows Twitter, Facebook and Google in banning cryptocurrency advertising May 17, 2018 Microsoft has become the latest silicon valley firm to ban cryptocurrency advertising on its search engine Bing. It follows a number of other silicon valley giants, including Facebook, Twitter and Google also taking the same measures earlier this year. Read more: Bitcoin is down after Twitter announced a clampdown on crypto advertising The company’s advertiser [...]
Goldman Sachs to open bitcoin trading desk as it wades into crypto world May 3, 2018 Investment banking giant Goldman Sachs is set to launch a bitcoin trading desk – a first for a major Wall Street bank. “In response to client interest in various digital products, we are exploring how best to serve them in the space,” a Goldman Sachs spokesperson said. Goldman will not initially buy or sell actual [...]