A Smart Portfolio for DeFi January 27, 2022 | City Talk As of July 2021, DeFi has helped pull $50 billion into smart contracts on the Ethereum blockchain, and it shows no signs of slowing down. In fact, the dizzying pace of DeFi innovation makes it tough for even the most informed investors to keep up. That’s why eToro created the DeFi Smart Portfolio. This offers [...]
US extradition blocked for Brit accused of stealing £6.3m in crypto currency January 25, 2022 British hacker Corey De Rose was discharged by District Judge Sarah-Jane Griffiths late yesterday afternoon from an extradition request made by the Government of the US. The extradition was sought with regard to an alleged conspiracy to steal crypto currency valued at over £6.3m from an individual in the US. In July 2017, a team [...]
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, [...]
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 [...]
Google searches for ‘Sell Ethereum’ up 972 per cent following crypto plunge January 7, 2022 Analysis of Google search data reveals that online searches for “Sell Ethereum” exploded 972 per cent in the UK yesterday, the same day that the cryptocurrency dropped by over £300.
Visa rolls out crypto advisory service for banks and retailers December 8, 2021 Visa has today launched a global crypto advisory service for banks and merchants, as digital currencies gain traction. The world’s largest payment processor will educate financial institutions, which are keen to attract and retain customers, about cryptocurrencies as demand for such services has rocketed. Their new offering is also aimed at merchants exploring non-fungible tokens, [...]
Citi to hire 100 new staff in digital asset push November 23, 2021 International investment bank Citi plans to hire 100 new staff to bring digital asset expertise to the institutional side of the business.
Binance amps up global compliance efforts, deepens ties with Ireland November 23, 2021 Embattled crypto exchange Binance has said it will deepen its international ties as it seeks to buttress support for the platform.
New cryptocurrency named ‘JRR Token’ blocked by lawyers for Lord of the Rings creator Tolkien November 23, 2021 Lawyers representing the estate of Lord of the Rings creator JRR Tolkien have taken action against the developer of a cryptocurrency named “JRR Token”. Representatives of the Tolkien estate said the product, which was launched in August 2021, infringed the trademark of the world-famous author. The domain name “jrrtoken.com” was successfully recovered without opposition by [...]