Relations with China are important, but so is the need to stand up to them May 17, 2019 China has become a significant player in the City and there can be no doubt that its activities in London help strengthen the Square Mile’s role as a global financial centre. Read more: City Corporation slammed for decision to ban Taiwan from Lord Mayor's show The average daily trading volume of the Chinese currency in [...]
What is Decentralised Finance? January 19, 2021 What is Decentralised Finance? Decentralised Finance or “DeFi” refers to networked applications or ‘protocols’ that are deployed as software or algorithms on a public blockchain and are community governed rather than controlled by a financial intermediary or a centralised entity. Because DeFi applications are deployed as open source software on a blockchain network like Ethereum, [...]
Bitcoin price (BTC): More than half of people say bitcoin will drop or collapse in six months January 26, 2018 Public confidence in bitcoin is quickly slipping away as new research suggests a majority of people think the cryptocurrency’s value will fall or collapse in the next six months. About 61 per cent of people surveyed by market research firm D-CYFOR said bitcoin would either decrease in value over the next six months (33 per [...]
Crypto Summit & Awards November 10, 2021 The curious and confusing world of cryptocurrency currently sits at a complex crossroads. Regulation and taxation loom large in the rear-view mirror, while governments and banks seem hell-bent on setting up road blocks to slow down the race towards mass public adoption of digital assets. Cryptocurrencies feature high on news agendas – and seldom for [...]
Bitcoin exchange Binance offers $250,000 reward to catch hackers March 12, 2018 A bitcoin exchange has offered a $250,000 (£180,000) reward for information leading to the arrest of hackers who attacked its platform last week. Cryptocurrency exchange platform Binance announced the reward yesterday following the attempting hacking attack on 7th March which it described as a “large-scale, organised effort”. The exchange said that in addition to the [...]
Blockchain is more than bitcoin – it has unlimited potential to transform society March 12, 2018 The popularity of crypto assets, such as bitcoin, in recent months has drawn attention to the technology that sits behind them – blockchain. Blockchain is a distributed ledger that records transactions between two parties in a verifiable and permanent way. Blockchain’s main advantage is that it’s decentralised, and therefore avoids the inflexibility and inefficiency of [...]
£4bn laundered through bitcoin and cryptocurrencies, Europol boss Rob Wainwright tells BBC Panorama – “Who Wants to be a Bitcoin Millionaire?” February 12, 2018 Criminals are funnelling billions of pounds of cash through bitcoin and other cryptocurrencies according to the head of the EU’s top law enforcement agency, Director of Europol Rob Wainwright has said that money laundering taking place via the unregulated digital cash could amount to as much as £4bn. That’s around three to four per cent [...]
Bitcoin: JP Morgan Chase’s Jamie Dimon says he regrets calling bitcoin a “fraud” January 9, 2018 The boss of JP Morgan Chase has now said he regrets calling bitcoin a “fraud”. Jamie Dimon’s infamous comments about the cryptocurrency in September dented bitcoin’s value, though at the time its was just trading around $4,000. Today, one bitcoin was worth about $15,000. The influential executive had also said he would fire an employee [...]
Cryptocurrency slump continues as regulation threat bites November 23, 2018 Cryptocurrencies continue to decline today amid a toughening regulatory environment. The world’s largest cryptocurrency bitcoin has fallen by 3.51 per cent to $4,314.68, according to data from Coindesk, while Ethereum has dropped 6.47 per cent to $123.34. Bitcoin is trading almost 80 per cent down on this time last year, after falling below $5000 to [...]
Investors in bitcoin futures are set to suffer, though bitcoin drove gains for investment managers in 2017 January 7, 2018 Investors who ploughed money into bitcoin futures are currently facing hefty losses, as the first contracts are set to expire in just over a week. Soon after bitcoin futures debuted on the Chicago Board Options Exchange (CBOE) in December, frantic trading caused the price of the January contract to rise from around $15,000 to almost [...]