Nouriel Roubini interview (Part II): ‘Most crypto people are totally clueless’ April 11, 2019 When Nouriel Roubini talks, it’s worth a listen. Not known for his optimism, the well-known American economist bears the moniker ‘Dr Doom’. CFA Institute spoke to him about the prospects for global growth (see Part I). In Part II, we focus on cryptocurrencies. CFA Institute: Bitcoin and cryptocurrencies grew out of distrust for central bankers. [...]
Crypto users rally round WikiLeaks founder April 16, 2019 In a Crypto-themed twist to the news of the dramatic arrest of WikiLeaks founder Julian Assange at the Ecuadorian embassy in London, cryptocurrency users rallied to donate Bitcoin (BTC) to his organisation. Currently, nearly six BTC, worth about US$30,000, have been donated. This week has seen consolidation across the cryptocurrency markets after what was possibly [...]
Fintech leaders predict ethereum’s market cap will surpass bitcoin’s this year March 8, 2018 Finder.com, a price comparison website, predicts that 2018 will be a big year for ethereum. The site enlisted a panel of nine fintech leaders to analyse the top 12 cryptocurrencies — bitcoin, bitcoin cash, cardano, dogecoin, ethereum, EOS, IOTA, litecoin, mondero, NEO, ripple and stellar lumens — and predict their market caps, values per unit [...]
Can UK fintech companies succeed where legacy banks have failed so far with CBILS? April 14, 2020 Welcome to this weeks’ edition of City AM’s Crypto Insider, and I hope that you all managed to make the most of the Easter Weekend despite the obvious pain of social distancing. I sincerely hope that all of you and your loved ones are safe and well. The crypto market remains resilient, but nonetheless down [...]
Bitcoin slumps to four-month low as Japanese financial regulator issues money laundering warning June 23, 2018 There was more bad news for cryptocurrency investors yesterday as Bitcoin crashed to a four-month low after Japan's financial regulator warned six digital currency exchanges to improve their anti-laundering systems. Bitcoin's price fell as low as $6,085.59 on Bitstamp, and came close to hitting its lowest level for the year of just below $6,000. Despite [...]
Bank of England bitcoin rival would “strengthen” effects of monetary policy changes May 30, 2018 A central bank-run digital currency to rival cryptocurrencies such bitcoin and ethereum could make monetary policy changes a more effective tool, according to Bank of England research. The Bank has recently released a flurry of research weighing the potential risks and benefits of central bank digital currency (CBDC), with the potential to revolutionise monetary policy. [...]
‘I actually don’t know if Libra’s going to work’: Congress grills Zuckerberg over Facebook’s digital currency plans October 23, 2019 Facebook chief executive Mark Zuckerberg has appeared before Congress to defend the social media giant’s controversial proposed digital currency, Libra. Zuckerberg told US lawmakers that Facebook would not support Libra launching before the stablecoin has won the approval of all US financial regulators. Read more: Bitcoin falls to lowest level since June amid Libra concerns [...]
Alibaba founder Jack Ma hits out at Bitcoin amid launch of Ant Financial blockchain plan June 26, 2018 Billionaire business magnate Jack Ma has warned against speculating on the Bitcoin market after saying that the virtual currency could be a potential bubble. Ma, who is the founder of technology conglomerate Alibaba, made the remark yesterday as he launched his own “electronic wallet” which would make allow blockchain-based money transfers between Hong Kong and [...]
Police seize bitcoins from criminal hacker in first case of its kind May 25, 2018 Police have seized around half a million pounds worth of bitcoin from a “prolific” hacker in the first case of its kind for the Met. Grant West was responsible for attacks on more than 100 companies worldwide, obtaining the financial data of tens of thousands of people though phishing scams, which he would then sell [...]
UK regulator warns tech companies over cryptocurrency projects July 2, 2019 The UK finance regulator has warned Facebook to reject the mantra “move fast and break things” in relation to its libra cryptocurrency project, saying tech giants must “get it right the first time round”. Christopher Woolard, the executive director of strategy and competition at the Financial Conduct Authority, said regulators are facing issues that “could [...]