Uber CEO: We are absolutely going to accept cryptocurrency payments February 12, 2022 Uber boss Dara Khosrowshahi has revealed the global brand is actively looking at cryptocurrency transactions.
Manchester United sign blockchain platform Tezos as training kit sponsor February 10, 2022 Manchester United have confirmed a training kit sponsorship deal with blockchain platform Tezos. The multi-year agreement is believed to be worth more than £20m a season, representing an increase on their previous contract with insurer Aon. It will Tezos appear on the training kit worn by both United’s men’s and women’s team, starting immediately. “This [...]
Crypto M&A value soared 5000 per cent in 2021, says PwC report February 10, 2022 The value of merger and acquisitions in the crypto industry skyrocketed by 4,846 per cent in 2021 according to PwC.
Is the future of our financial system DeFi? February 3, 2022 | City Talk If Bitcoin is the Book of Genesis in crypto’s historical record, then DeFi (decentralised finance) might as well be the New Testament. Not a big religion buff? That’s ok – we’ve put together a way more detailed explanation about DeFi and its key components. While having knowledge of the broader cryptoasset market is key, DeFi [...]
How can the blockchain help tackle climate change? February 1, 2022 | City Talk When you think of all the use cases for blockchain technology, solving the existential threat that is climate change is probably not one of them. If anything, crypto has had to play defence in 2021 when it comes to environmental issues, as big questions have been posed about the industry’s energy consumption and sustainability. Well, [...]
A Smart Portfolio for DeFi January 27, 2022 | City Talk As of July 2021, DeFi has helped pull $50 billion into smart contracts on the Ethereum blockchain, and it shows no signs of slowing down. In fact, the dizzying pace of DeFi innovation makes it tough for even the most informed investors to keep up. That’s why eToro created the DeFi Smart Portfolio. This offers [...]
US extradition blocked for Brit accused of stealing £6.3m in crypto currency January 25, 2022 British hacker Corey De Rose was discharged by District Judge Sarah-Jane Griffiths late yesterday afternoon from an extradition request made by the Government of the US. The extradition was sought with regard to an alleged conspiracy to steal crypto currency valued at over £6.3m from an individual in the US. In July 2017, a team [...]
Financial services litigation in 2022: Push payments, crypto fraud, ESG and a jump in interest rates January 22, 2022 Push payments, cryptocurrency fraud and a jump in interest rates could lead to more litigation in the financial services sector in 2022, an industry expert discussed with City A.M. this weekend. One of the biggest drivers of financial disputes this year could be authorised push payment fraud. Authorised push payment fraud involves fraudsters duping consumers [...]
BDO exec on Treasury clampdown on crypto advertising: ‘We all knew this day was coming’ January 19, 2022 The Treasury outlined plans yesterday to legislate to address misleading cryptoasset promotions. Adverts will be brought into line with other financial advertising, ensuring they are fair and clear, with the new rules designed to increase consumer protection. “This is the day promoters of cryptoassets have known was coming for a long time, commented Adam Soilleux, [...]
Could Bitcoin be powered by volcanoes? January 18, 2022 | City Talk One topic at the forefront of crypto conversions in 2021 has been energy consumption. Due to record blockchain growth, coupled with the copious amounts of electricity needed to mine bitcoin and other assets, the quest for more renewable energy sources has become a top priority for an industry looking to lower its carbon footprint. For [...]