Blockbeat

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

Blockchain technology and its impact on the legal profession

July 13, 2022

Crypto AM's Jonny Fry looks at how blockchain is being used in legal circles and the impact the technology is having.
Bitcoin holds just below $20k as sentiment remains low

July 13, 2022

The price of Bitcoin (BTC) remains below $20k this morning, flat over the past 24 hours at around $19,750 this morning.
Three Arrows Capital founders seem to be missing after crypto hedge fund’s bankruptcy

July 12, 2022

The founders of crypto hedge fund Three Arrows Capital (3AC) appear to have gone missing following the company’s bankruptcy. Lawyers representing the collapsed company’s creditors claimed that founders Zhu Su’s and Kyle Davies’ physical whereabouts were unknown ahead of a court hearing scheduled for today, according to court documents filed on Friday, CNBC reported. The [...]
Stability and regulation are needed now more than ever in crypto

July 12, 2022

The conversations we’ve had with government leaders in the UK and the US give hope that regulation will allow innovation to flourish.
FSB to put forward a global regulatory framework for crypto in October

July 12, 2022

The Financial Stability Board will propose global crypto regulations in October following the recent crypto crash. The global watchdog said it is working towards ensuring that crypto is subject to tight oversight and will “submit a public consultation report that proposes recommendations for promoting international consistency of regulatory and supervisory approaches to crypto-assets and crypto-asset [...]
BoE lays down crypto regulation plans following crash

July 12, 2022

The Bank of England laid down its plans for crypto regulation in the UK following the drastic instability from the “crypto winter.” Deputy Governor Jon Cunliffe said the Bank would apply identical regulation to different financial services in the UK, regardless of how they are provided, if the risks presented by them are the same. [...]
It’s time for the crypto world to get over FUD and FOMO

July 12, 2022

Fear, uncertainty and doubt have overtaken the primal fear of missing out, says AAX's research and strategy chief Ben Caselin.
Bitcoin dips below $20k as markets remain uncertain ahead of latest inflation figures

July 12, 2022

The price of Bitcoin is down 3.75 per cent over the past 24 hours this morning, changing hands for around $19,800.
Poundtoken launches as the first fully-backed GBP stablecoin regulated in the British Isles

July 11, 2022

Blackfridge has launched poundtoken - the first British-regulated stablecoin fully backed 1:1 by pound sterling (GBP).
Terra Luna crash shows need for ‘non-negotiables’ in crypto regulation, says FCA official

July 11, 2022

The Terra Luna crash this year caused investors to lose significant amounts of money and shows why “non-negotiables” in crypto regulation are needed, the FCA said. “When we look at the Terra Luna collapse, (the harm caused by it) is some people’s life savings,” said Richard Fox, Director of International at the FCA, at a [...]