Is the future of our financial system DeFi? February 3, 2022 | City Talk If Bitcoin is the Book of Genesis in crypto’s historical record, then DeFi (decentralised finance) might as well be the New Testament. Not a big religion buff? That’s ok – we’ve put together a way more detailed explanation about DeFi and its key components. While having knowledge of the broader cryptoasset market is key, DeFi [...]
Coinme hires former FBI agent to keep up with ‘rapidly evolving’ regulation January 27, 2022 Cryptocurrency exchange Coinme has hired a former FBI special agent as its first in-house lawyer, in a bid to keep on top of the “rapidly evolving global regulatory landscape” facing the crypto industry. The Seattle-based crypto exchange said it had brought in veteran counter-fraud expert Tom Davis to serve as its first general counsel. Coinme [...]
BDO exec on Treasury clampdown on crypto advertising: ‘We all knew this day was coming’ January 19, 2022 The Treasury outlined plans yesterday to legislate to address misleading cryptoasset promotions. Adverts will be brought into line with other financial advertising, ensuring they are fair and clear, with the new rules designed to increase consumer protection. “This is the day promoters of cryptoassets have known was coming for a long time, commented Adam Soilleux, [...]
Intel hints at low voltage Bitcoin mining chip January 19, 2022 Intel - one of the world's most recognisable microchip manufacturers - has suggested it may be about to release a Bitcoin mining chip.
Could Bitcoin be powered by volcanoes? January 18, 2022 | City Talk One topic at the forefront of crypto conversions in 2021 has been energy consumption. Due to record blockchain growth, coupled with the copious amounts of electricity needed to mine bitcoin and other assets, the quest for more renewable energy sources has become a top priority for an industry looking to lower its carbon footprint. For [...]
No Britcoin crypto: House of Lords says no to digital pound but Bank of England undeterred despite run on cash warning January 13, 2022 A bank run during economic downturns is a realistic scenario if an official British digital currency were to be created, a committee of peers has warned. The Lords Economic Affairs Committee said that the introduction of a central bank digital currency (CBDC) could pose “significant risks” in the UK. Bank of England officials are currently [...]
UK police seize £300m in Bitcoin but is only tiny fraction of crime-linked crypto wallets: ‘Criminals see huge returns from jail’ January 6, 2022 Police across the UK have seized bitcoin and other cryptocurrencies valued at almost a third of a billion pounds during multiple criminal investigations. A Freedom of information (FOI) request made by the New Scientist publication shows that 12 of the UK’s 48 police forces in Britain confiscated cryptocurrency in the past five years, totalling more [...]
Goldman Sachs predicts Bitcoin could hit $100k in next five years January 5, 2022 Global investment bank Goldman Sachs has predicted that Bitcoin's price could hit $100k (£73.8k) if the asset surpasses gold as a store of value.
NFT marketplace Opensea valued at $13.3bn after bumper funding round January 5, 2022 The world's largest NFT marketplace, Opensea, has reached a $13.3bn (£9.8bn) valuation after a nine-figure series c funding round.
Bitcoin hashrate touches new all time high January 3, 2022 Bitcoin's hashrate has reached a new all time high after surpassing levels last seen in April 2021, before China's crackdown on crypto miners.