No Britcoin crypto: House of Lords says no to digital pound but Bank of England undeterred despite run on cash warning January 13, 2022 A bank run during economic downturns is a realistic scenario if an official British digital currency were to be created, a committee of peers has warned. The Lords Economic Affairs Committee said that the introduction of a central bank digital currency (CBDC) could pose “significant risks” in the UK. Bank of England officials are currently [...]
UK police seize £300m in Bitcoin but is only tiny fraction of crime-linked crypto wallets: ‘Criminals see huge returns from jail’ January 6, 2022 Police across the UK have seized bitcoin and other cryptocurrencies valued at almost a third of a billion pounds during multiple criminal investigations. A Freedom of information (FOI) request made by the New Scientist publication shows that 12 of the UK’s 48 police forces in Britain confiscated cryptocurrency in the past five years, totalling more [...]
Goldman Sachs predicts Bitcoin could hit $100k in next five years January 5, 2022 Global investment bank Goldman Sachs has predicted that Bitcoin's price could hit $100k (£73.8k) if the asset surpasses gold as a store of value.
NFT marketplace Opensea valued at $13.3bn after bumper funding round January 5, 2022 The world's largest NFT marketplace, Opensea, has reached a $13.3bn (£9.8bn) valuation after a nine-figure series c funding round.
Bitcoin hashrate touches new all time high January 3, 2022 Bitcoin's hashrate has reached a new all time high after surpassing levels last seen in April 2021, before China's crackdown on crypto miners.
Bitcoin sheds a fifth of its value following mass sell off December 4, 2021 Bitcoin shed a fifth of its value this morning as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.
Blockchain.com to launch its own NFT platform December 3, 2021 Crypto exchange and wallet provider Blockchain.com has announced plans to launch a marketplace for NFTs.
Adidas partners with Coinbase amid metaverse push November 25, 2021 Global fashion brand Adidas has announced a partnership with Nasdaq-listed crypto exchange Coinbase amid a push into the Metaverse.
El Salvador to build Bitcoin city at base of volcano November 22, 2021 The first country in the world to make bitcoin legal tender is planning to build a crypto fuelled city at the base of a volcano.
UK financial watchdog calls in Bitcoin experts to combat crime November 22, 2021 The City regulator is calling in Bitcoin experts to train its staff following concerns that crypto is being used by money launderers and terrorists.