UK crypto hub ambitions at risk if it does not pass new rules quickly, experts warn February 1, 2023 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 January 31, 2023 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 ‘Wild West’: 85 per cent of crypto firms fail to meet minimum regulatory standards January 26, 2023 Around 85 per cent of crypto firms failed to meet minimum regulatory requirements when applying for registration with the Financial Conduct Authority (FCA), according to the watchdog. In a letter to the Treasury Committee, Sarah Pritchard, FCA executive director of markets, said “around 85 per cent of those cryptoasset firms that applied for registration were [...]
Crypto news live: Why Aptos is at an all-time high as Bitcoin’s price is up 2.3 per cent January 26, 2023 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 [...]
Crypto market news today: Why Enjin Coin is up 15.3 per cent as Bitcoin price gains 0.8 per cent January 20, 2023 NFT token Enjin coin is up 15.3 per cent in the last 24 hours, bringing its value to a point not seen since early November and making it the biggest riser over the last day. The NFT token is being bolstered by several factors, including the launch of the team’s non-fungible token marketplace NFT.io, as [...]
Davos: Top central bankers agree on need to regulate ‘crazy’ crypto markets January 18, 2023 Some of the world’s top central bankers today emphasized the need for introducing basic regulations for cryptocurrencies, but they remained equally wary that new rules could lend legitimacy to an industry that has been very unstable over the past year. The central bank chiefs agreed on the need for a basic level of crypto regulation, [...]
Crypto: What to expect as world leaders gather in Davos January 16, 2023 The future of global crypto regulation is set to fall into the spotlight at Davos this week as regulators and policy makers scramble to shore up the industry in the wake of FTX’s collapse last year.