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 [...]
Exclusive: Real estate and crypto top list of UK investors’ alternative asset picks September 9, 2021 In the current climate of low interest rates and high valuations, UK investors are looking for new ways to get returns in less liquid areas that are relatively cushioned from yo-yoing equity and bond markets. This mood music has pushed almost half (43 per cent) of UK investors to consider alternative assets to make their [...]
Coinbase: Despite SEC threat, Gerber CEO bullish about crypto exchange’s prospects September 9, 2021 As Coinbase shares pull back amid concerns over a potential SEC lawsuit, Gerber Kawasaki CEO Ross Gerber explains why he’s bullish about the crypto exchange’s long-term prospects.
Protests and glitches on El Salvador’s first day of Bitcoin as legal tender September 8, 2021 Angry protests and confusion amongst citizens, technological glitches and a drop in market value plagued El Salvador yesterday, as the country made history by becoming the first in the world to adopt Bitcoin as a legal tender. As the change took hold, Bitcoin crashed to its lowest price in almost a month, plummeting from $52,000 [...]
Welcome to the one country where Bitcoin can be used as cash September 7, 2021 El Salvador has made history by becoming the first country in the world to make Bitcoin legal tender as part of a pioneering economic experiment. From today, Bitcoin will be accepted by businesses across the country alongside the US dollar. Every citizen will receive $30 worth of bitcoin pre-loaded onto a government sanctioned e-wallet. The [...]
A brief history of cryptocurrency in football – and how blockchain technology might shape our experience of the game in future August 30, 2021 Bitcoin and cryptocurrency have reimagined finance and money as concepts. Now more than ever, however, blockchain technology and, more specifically, NFTs and tokens are disrupting everything else. And that includes human culture. NFTs especially have captivated millions of people around the world. This is because we, as humans, have an innate desire to collect and [...]
Digital Rupee: Trial confirmed as worldwide interest in digital currency grows August 27, 2021 The Reserve Bank of India has announced the start of trials for an electronic rupee amid growing international interest in digital currency. Yesterday, central bank governor Shaktikanta Das confirmed that trials could begin as early as December. “I think by the end of the year, we should be able to – we would be in [...]
eToro crypto income jumps 2,245 per cent in a year August 26, 2021 The social investment platform, eToro, earned $264m from crypto trading commissions in Q2 2021, up from $11.26m the previous year. Commissions from crypto trading accounted for 73 per cent of a total $362m which the platform earned through trading fees. In the second quarter of 2020 crypto asset trades accounted for just 7 per cent. [...]