Best of 2022: Sir Geoff Hurst: ‘My own memory could fade. You expect it to happen’ Exclusive In this exclusive interview first published in July 2022, Sir Geoff Hurst says seeing most of his 1966 World Cup winning team-mates suffer with dementia convinced him to preserve his memories in the form of a digital artwork and raise money for Alzheimer’s charities. Every morning Sir Geoff Hurst goes for an hour-long walk through [...]
Shares tank 15 per cent for Argo Blockchain as it pens new crypto mining agreement blockchain Shares plunged nearly 15 per cent for Argo Blockchain after the cryptocurrency mining giant penned an agreement with an undisclosed party to host and operate mining machines at its Helios facility in Texas. Up to 32 megawatts of power capacity will be provided by the company, which is roughly enough to power over 10,000 mining machines. In [...]
‘The Future of Money’: book review City Talk Are cryptocurrencies the next big investment, a fad or a currency that will transform the economic and financial landscape? What are some of the advantages and shortcomings of digital currencies? Who will benefit from them? Eswar S. Prasad attempts to address these questions in The Future of Money: How the Digital Revolution Is Transforming Currencies [...]
Abrdn snaps up stake in London crypto startup Archax August 13, 2022 Scottish asset manager Abrdn has bought a stake in the UK’s first regulated crypto trader Archax in a major vote of confidence in blockchain technologies and cryptocurrencies. The acquisition, for an undisclosed sum, will see Abrdn become the crypto startup’s largest external shareholder, the crypto firm said in a statement. Launched in 2018, Archax is [...]
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 | City Talk In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]
Saturday Spotlight: Nigeria and China speed ahead of UK in digital money race April 9, 2022 A new index charting the readiness and adoption of central bank digital currencies (CBDC) has seen Nigeria top the ranking with the e-Naira, launched in October 2021. Nigeria’s lead is closely followed by other early CBDC adopters, the Bahamas, Mainland China, Jamaica and Eastern Caribbean. The findings, from the PwC Global CBDC Index, capture the [...]
Manchester United sign blockchain platform Tezos as training kit sponsor February 10, 2022 Manchester United have confirmed a training kit sponsorship deal with blockchain platform Tezos. The multi-year agreement is believed to be worth more than £20m a season, representing an increase on their previous contract with insurer Aon. It will Tezos appear on the training kit worn by both United’s men’s and women’s team, starting immediately. “This [...]
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 [...]
How can the blockchain help tackle climate change? February 1, 2022 | City Talk When you think of all the use cases for blockchain technology, solving the existential threat that is climate change is probably not one of them. If anything, crypto has had to play defence in 2021 when it comes to environmental issues, as big questions have been posed about the industry’s energy consumption and sustainability. Well, [...]
State news agency Xinhua releases NFTs amid China crypto crackdown December 22, 2021 Chinese state media agency Xinhua has announced plans to launch a line of NFTs despite a stringent nation wide crypto ban.