All aboard the crypto train? February 22, 2022 | City Talk Are you a wealth manager who believes bitcoin and other cryptocurrencies are a passing fad or worse? You’re not alone. But you also may want to reconsider. The wealthiest clients certainly don’t agree and they are voting with their wallets. In fact, 72% of high-net-worth individuals (HNWIs) have invested in crypto, according to the 2021 [...]
UK’s top crypto chief calls out City watchdog for curbing innovation February 13, 2022 The City watchdog has come under fire from the chief of Britain’s biggest cryptocurrency firm after he suggested that the UK is falling behind its EU cousins. Peter Smith, the chief exec of Blockchain.com, told The Telegraph that the Financial Conduct Authority (FCA) had taken a “risk-management first approach” that came “at the expense of [...]
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.
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 [...]
The rise of the crypto lawyer – Glaisyers strikes deal with specialist crypto firm February 2, 2022 Commercial law firm Glaisyers ETL has struck a deal with a Stockport based law firm that specializes in recovering stolen crypto assets, amid a rise in scams and fraud linked to cryptocurrencies. Glaisyers’ investment in Wealth Recovery Solicitors (WRS) has seen the specialist crypto law firm move from their former headquarters in Stockport to [...]
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 [...]
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 [...]
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 [...]