Blockbeat

Get your daily update on all things crypto, blockchain and DeFi with City A.M's Blockbeat from Kaitlin Argeaux

The Elon Effect: Musk’s influence is waning over crypto

July 21, 2022

Elon Musk has clearly lost his powers over the price of cryptocurrencies - and we should welcome this news, says Nigel Green.
Cryptocurrency payments hold up despite harsh and merciless crypto winter

July 21, 2022

Crypto payments have remained stable in the first half of this year, according to new research shared with City PM today. Compliance platform Deel said that cryptocurrency payment remained stable at 5 per cent of all global payments withdrawn monthly from the platform. In comparison, in the second half of last year 2 per cent [...]
In cryptocurrency, the market is always the greatest teacher

July 21, 2022

Umesh Perera says we should remind ourselves that the cryptocurrency market has shown us the technology works.
Don’t read too much into Elon Musk’s ditching of Tesla Bitcoin holdings, says former banking chief

July 21, 2022

The founder of a major investment bank has branded Elon Musk's Bitcoin dealings as "inefficient and unattractive" to Tesla stakeholders.
Bitcoin sees pullback overnight, but continues to hold at around $23k

July 21, 2022

Bitcoin’s recovery continued yesterday, with the price of the leading cryptocurrency by market capitalisation briefly leapfrogging $24k.
Withdrawal suspension raises alarm among Zipmex users

July 20, 2022

Thai cryptocurrency exchange Zipmex has triggered alarm bells with investors after announcing withdrawals were being suspended.
Crypto markets continue to climb, as Bitcoin price approaches $24k

July 20, 2022

Bitcoin’s strong start to the week continued yesterday, with the price of the leading cryptocurrency climbing to more than $23k.
Does Singapore offer a viable model to crypto regulation?

July 19, 2022

Bryan Tan of Reed Smith asks if Singapore has found the holy grail for crypto regulation, or is there another side to the coin?
Celsius plans to mine more crypto to help fill £1bn balance sheet deficit

July 19, 2022

Crypto lender Celsius has a $1.2bn (£1bn) hole in its balance sheet which it aims to fill by mining more crypto. The collapsed firm, which filed for Chapter 11 bankruptcy last week, owes $5.5b (£4.6bn) in liabilities and has $4.3bn (£3.6bn) in assets. Crypto assets, which have experienced a sharp crash in prices as part [...]
Schroders testing the digital asset waters with strategic investment in Forteus

July 19, 2022

London-based asset manager Schroders has revealed it has taken a strategic minority stake in blockchain and digital asset specialist Forteus.