Google partially u-turns on cryptocurrency ad ban September 26, 2018 Tech giant Google has partially u-turned on a decision to ban cryptocurrency related advertising. In an effort to protect consumers from the high risk of fraudulent marketing related to crypto-currencies, Google earlier this year said it would ban all advertising promoting cryptocurrencies and crypto firms. But now it has rowed back on the ban, [...]
Bank of England warns on cryptocurrency risks June 28, 2018 The head of the Prudential Regulatory Authority (PRA) Sam Woods wrote to chief executive officers (CEOs) of financial institutions today to warn of the risks of cryptocurrencies. The regulator, which is part of the Bank of England, warned that cryptocurrencies showed high price volatility and also raised concerns about vulnerability to fraud and manipulation as [...]
Bitcoin price falls back below $6,000 and off all-time highs October 22, 2017 The price of Bitcoin has fallen back from the all-time highs it hit on Saturday and back under the $6,000 mark. It smashed through that figure for the first time on Friday, just over a month after it first broke $5,000, and pushing the total market capitalisation above $100bn. Bitcoin has fallen back from highs, [...]
‘Wild West’ world of cryptocurrencies needs to be regulated, MPs warn Philip Hammond September 19, 2018 The "Wild West" world of cryptocurrencies needs to be independently regulated to protect customers and prevent money-laundering, a powerful group of MPs today demanded. A report from the Treasury Select Committee warns the current system of self-regulation is not fit for purpose, and adverts promoting digital currencies are often misleading. Among the problems facing cryptocurrency [...]
‘Wild West’ world of cryptocurrencies needs to be regulated, MPs warn Philip Hammond September 19, 2018 The "Wild West" world of cryptocurrencies needs to be independently regulated to protect customers and prevent money-laundering, a powerful group of MPs today demanded. A report from the Treasury Select Committee warns the current system of self-regulation is not fit for purpose, and adverts promoting digital currencies are often misleading. Among the problems facing cryptocurrency [...]
Bitcoin surge continues as $6,100 mark left behind for new record high October 21, 2017 The US dollar value of bitcoin flew past $6,100 (£4,600) today to hit a new record high as the astonishing acceleration of the cryptocurrency continued. Bitcoin only broke through the $6,000 mark for the first time on Friday afternoon, but a surge of buying quickly pushed its value almost as high as $6,200. One bitcoin [...]
Approach Blockchain with caution: Tremendous excitement around it but what’s the substance? July 10, 2018 "Blockchain” is a hugely popular buzzword. There’s all manner of promises being made — how good would it be if your business could get some or all of them? Beware the realities, though — there are good and useful parts of blockchain, but there’s a lot of hype. The promises Blockchain originated in Bitcoin, the [...]
Bitcoin swings to a fresh record high nearing $12,000 after Venezuela reveals plans for petro, an oil-backed cryptocurrency December 4, 2017 Bitcoin set a fresh high of more than $11,800 last night after the President of Venezuela announced plans to launch an oil-backed cryptocurrency called the petro. Nicolas Maduro’s cryptocurrency plans included few specifics, but would aim to overcome US-led financial sanctions. “The 21st century has arrived,” he said. Bitcoin’s price rose to more than $11,800 [...]
Stablecoins – the cryptocurrency pegged to reality – could save the market October 30, 2018 The last few years have seen the crypto market experience exponential growth, and at the time of writing, it was worth £152bn globally. However, predictions that cryptocurrencies will supplant conventional forms of money have so far proved to be unfounded, as their wild volatility makes them unsuitable for day-to-day use by consumers. But it isn’t [...]
There was a bitcoin flash crash this morning: Here’s what happened | City A.M. October 10, 2017 Bitcoin prices had a flash crash today following Russia’s decision to ban websites of exchanges that offer cryptocurrencies. According to CoinDesk’s popular price index, which aggregates prices from four exchanges, the digital currency fell more than $600 in just a few minutes. After plummeting to below $4,200, prices have since bounced back up to trade [...]