Bitcoin surges as Amazon dips its crypto toe and Elon Musk mulls return July 26, 2021 When a simple job ad appears to spark resurgence in the value of Bitcoin, it shows how the crypto world is salivating for every nugget of news about the future use case for digital currencies. Although Amazon has scores of openings for blockchain specialists, it was the listing for a digital currency and blockchain product lead that has [...]
Crypto: 95 per cent of ASA’s scam alerts are related to Bitcoin July 15, 2021 Close to 95 per cent of all scam alerts sent by the Advertising Standards Authority to social media platforms have been related to bitcoin scams, the watchdog said today. Last year, the ASA created an ad alert system to pick up false adverts. Since then, the scheme has alerted 145 platforms to date. Crypto scams [...]
China’s crackdown on crypto continues as more mining projects shut down July 14, 2021 The cryptocurrency industry in China was further hit today as Anhui province said it would close all crypto mining operations due to energy consumption concerns. The province in east China will shut down the energy-intensive projects as part of a package of changes to address a power supply shortage. Cryptocurrency prices continued to drop overnight, [...]
Hedge fund Marshall Wace plots investments in cryptocurrency companies July 6, 2021 The London-based hedge fund group is planning to buy stakes in privately held digital asset companies that are at a late stage in their development. Marshall Wace is planning a long term crossover strategy to make late-stage venture capital investments in digital finance companies, a person with knowledge of the plans told City A.M. The [...]
John McAfee was not suicidal hours before he was found dead, widow claims June 25, 2021 Janice McAfee, the widow of John McAfee, the British-American tycoon who died in a Spanish prison this week while awaiting extradition to the United States, said today that her husband was not suicidal when she last spoke to him, just hours before he was found dead. “His last words to me were, ‘I love you [...]
Exclusive: CEO of deVere Group on why Bitcoin bashers have got it all wrong June 24, 2021 Bitcoin and other cryptocurrencies have experienced a major sell-off this week following China’s crackdown on the sector. Around $400bn in value has been wiped from the total digital currency market since Friday, when a major Bitcoin mining hub ordered miners to shut down operations. It followed reports saying that China’s central bank had a meeting [...]
China crackdown sends Bitcoin tumbling below $30,000 June 22, 2021 The price of Bitcoin tumbled below $30,000 for the first time since January, wiping out all its gains for the year. The world’s biggest cryptocurrency plummeted by as much as 12 per cent to $28,893 on Tuesday, after China’s central bank intensified a crackdown on cryptocurrencies. Bitcoin has fallen 50 per cent from its April peak [...]
Investors are balancing crypto volatility with lower-risk bets, study shows June 17, 2021 Investors are offsetting crypto risk by diversifying their portfolios with lower-risk bets, according to new research. The digital currency has seen a period of intense popularity recently due to increased savings during the pandemic, as well as through endorsements from big corporations and influential public figures. Money management fintech Plum today published new data on [...]
98 per cent of hedge fund managers plan to put investment bets on crypto June 16, 2021 Hedge funds are increasingly betting on crypto, as an ‘overwhelming majority’ of senior staff eye digital asset investments over the next five years, according to a new report. The report by Intertrust, which surveyed 100 senior-level professionals, found that 98 per cent expect funds to invest in digital assets in the next five years. The [...]
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto June 15, 2021 Bank of England boss Andrew Bailey has pledged “tough love” as policymakers look to regulate cryptocurrencies, warning that public interest must not be ignored for the sake of innovation. Speaking at TheCityUK’s virtual annual conference earlier today in the City, Bailey said while innovation can challenge existing rules, public interest must be at the heart [...]