UK crypto hub ambitions at risk if it does not pass new rules quickly, experts warn Crypto regulation The government’s new plans to “robustly regulate” cryptoassets garnered mixed reactions from the crypto industry today, with experts saying that while the proposals were welcome there were still huge questions about the timeline for when they might come into effect. Nick Taylor from Luno, a crypto exchange, described the launch of the consultation as “a [...]
Crypto: Government is considering ‘world first’ regulatory regime in UK bid to become digital asset hub Crypto regulation The government has set out plans to “robustly regulate” the crypto asset industry as it seeks to become a cryptocurrrency hub despite the problems faced by the industry last year. The proposals include rules for crypto trading platforms and a “world-first” regime for crypto lending, as the government seeks to “embrace technological change”. Proposals will [...]
Crypto news live: Why Aptos is at an all-time high as Bitcoin’s price is up 2.3 per cent ALL-TIME HIGH Aptos is going from strength to strength this week, having more than doubled in value over the last seven days, reaching an all-time high of £15.17. The cryptocurrency, created by the team behind Meta’s abandoned Diem blockchain, has soared 145.8 per cent this week, 44.3 per cent of which it gained in the last 24 [...]
Crypto news today: Why Flow has sunk 11.9 per cent as Bitcoin price dips two per cent January 25, 2023 The native coin of eco-friendly blockchain Flow has taken a tumble in the last 24 hours, falling 11.9 per cent from its recent high on Monday. It follows a rapid jump in the coin’s value because of the announcement of The Flow mainnet spork, a hard fork which promised to improve the blockchain’s potential transactions [...]
Crypto market news live: Why Aptos is soaring 61.1 per cent this week as Bitcoin price is up 9.3 per cent January 24, 2023 Aptos is riding high this week, with record 61.1 per cent growth that has filled investors with confidence in the ‘Solana-killer’. The newly released token and blockchain, developed by the same team behind Meta’s abandoned cryptocurrency project Diem, was built to enable ease-of-use, widespread adoption and scalability with its proprietary programming language called Move. Consequently, [...]
Crypto market news live: Why Axie Infinity has soared 44.4 per cent as Bitcoin price dips January 23, 2023 Axie Infinity has surprised crypto analysts recently, soaring 44.4 per cent in the last 24 hours with a 921 per cent increase in volume of tokens traded. Based around a blockchain-based video game of the same name, Axie Infinity’s recent spike can be attributed to the announcement of a new gaming project from company co-founder [...]
FTX: Crypto exchange’s bankruptcy team recovers over £4bn in boost for burnt customers January 12, 2023 Collapsed crypto exchange FTX has recovered more than £4.1bn ($5bn) in assets, its bankruptcy team said yesterday, as the firm scrambles for cash to cover the billions of dollars lost by customers and investors. FTX, founded by disgraced former billionaire Sam Bankman-Fried, was valued at $32bn just over a year ago but imploded in early [...]
Aggressive institutional investors pushing into digital assets set to replace retail players January 10, 2023 Institutional investors are set to replace retail investors as the major holders of digital assets in 2023, according to new research shared with City A.M. today. More than 7 out of 10 of professional investors believe institutions will hold 60 per cent of digital assets within seven years, reversing the current status where institutions hold [...]
Crypto horse bolted well before US regulators’ warning shot, analysts say January 4, 2023 Crypto analysts warned that US regulators may be trying to “shut the stable door after the horse has bolted” today after the US central bank and financial watchdogs sounded the alarm over the risks that cryptocurrencies could pose to mainstream lenders. The Federal Reserve, alongside the Federal Deposit Insurance Corporation and the Office of the [...]
Crypto firms will need ‘sterile corridors’ on our watch, FCA warns December 7, 2022 The UK’s financial watchdog said today it will ensure crypto firms have “sterile corridors” between the different products and services they offer, as it assesses the wreckage of collapsed exchange FTX and prepares to bring the sector into its remit.