Crypto Summit LIVE: Updates from the heart of the City September 30, 2021 Day 2 Yesterday, we were treated to keynote talks from Lord Chris Homes MBE, member of the House of Lords, Marcus Hughes of Coinbase and Alderman William Russell, Lord Mayor of The City of London and more! The day was topped off with an awards ceremony held at St Leonardo’s hotel in London. Closing thoughts [...]
Natwest chairman Sir Howard Davies on the ‘pandexit’ to China, levelling-up and crypto September 30, 2021 Sir Howard Davies is as near as the UK gets to the continental ideal of a polymath who is equally at home in the worlds of arts, industry, finance and politics. While currently serving as the chairman of banking giant Natwest, he is a former director of the LSE, a professor at Sciences Po in [...]
Exclusive: Institutional investors and wealth managers increasingly ‘test’ crypto market September 28, 2021 More than six in ten institutional investors and wealth managers from the US, UK, France, Germany, and the UAE that currently don’t have any exposure to cryptocurrencies and digital assets, expect to invest in these for the first time within the next year, according to new data, shared exclusively with City A.M. today. In most [...]
China in all-out crypto crackdown as it declares payments illegal September 24, 2021 China’s central bank has declared that all cryptocurrency payments are illegal, causing the global market to crash by 6.7 per cent at 5pm UK time. A Q&A posted on the People’s Bank of China’s website outlining government guidelines for cracking down on cryptocurrency trading has said all crypto payments are against the law. It comes [...]
Twitter jumps on crypto bandwagon as it rolls out Bitcoin tipping functionality September 24, 2021 Twitter will now allow people to tip their favourite content creators with bitcoin and it will test new ways to help users have a safer experience on the social media app, the company said last night. Watch the full report.
Google inks deal with NFT company Dapper Labs September 14, 2021 Google has confirmed a partnership with Dapper Labs, the team behind popular NFT collectibles game NBA Topshot, to help the company scale. Dapper Labs has already developed an in-house blockchain, Flow, which helps its users to scale apps and games. Google will help to finesse the product by acting as a network operator, providing developers [...]
Exclusive: Estonia’s PM firmly rejects Bitcoin, despite fierce lobby from Coinbase and crypto industry September 14, 2021 Estonia is widely considered to be one of the most likely contenders to regulate crypto in the EU first. After all, welcoming Bitcoin and other virtual currencies into its payment infrastructure would fit in nicely with Estonia’s ambitious digital agenda and its much-talked about e-residency program. However, the country’s prime minister – Kaja Kallas – [...]
Fake news: Walmart confirms it is not partnering with Litecoin September 14, 2021 The price of Litecoin soared 34 per cent in a matter of hours before crashing down to Earth when news of a partnership with Walmart turned out to be false. Yesterday, a press release distributed by GlobeNewswire, which was reported on in Reuters, Bloomberg News and CNBC, claimed that Walmart would accept Litecoin payments in [...]
Coinbase to raise over £1bn through bond sale September 13, 2021 Coinbase, the world’s fifth largest crypto exchange by trade volume, has announced plans to raise $1.5bn (£1.08bn) through a debut bond offering. The company said it will offer Senior Notes, a type of bond which carries a low degree of risk, which will be due in 2028 and 2031 as part of a private sale. [...]
All eyes on digital assets: Brevan Howard targets crypto September 13, 2021 Hedge fund Brevan Howard will “significantly expand” its focus on crypto and digital assets with the launch of a new unit focused on the sector, in the latest move indicating growing institutional appetite for the asset class. Brevan, one of Europe’s largest hedge funds, announced it has launched a new division, dubbed “BH Digital”, which [...]