Blockbeat

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

Bitcoin more likely to fall to $10,000 than rise to $30,000, survey

July 11, 2022

The price of Bitcoin is more likely to drop to $10,000 than jump to $30,000. The biggest cryptocurrency will probably cut its current value of $20,372 by about half rather than surge, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey, Bloomberg reported. The rest saw it climbing back. [...]
Binance served Iranian crypto clients despite US sanctions, company ban

July 11, 2022

Binance processed trades by clients in Iran despite sanctions by the US ban and ban by the company on doing business in the county. The US imposed sanctions on Iran in 2018 with Binance banning business in the country the same year, but the world’d biggest crypto exchange ignored this and still served Iranian crypto [...]
Crypto exchanges’ Bitcoin balances plunge, and Ethereum closer to major upgrade

July 11, 2022

Data from CryptoCompare shows that the price of Bitcoin moved up at the beginning of last week, going from a $19,000 low to a $22,000 high
£15,000 NFT purchase for access to private members’ club in the City

July 11, 2022

by Eliot Wilson Lockdown was a tough time for private members’ clubs. After all, if your business model is posited on people meeting face-to-face in a physical location, social distancing is social death. Some managed to adapt: the Ivy Club offered online events for members, while the Ned dispatched cocktails to the homes of its [...]
Revolut launches ‘Learn & Earn’ crypto feature

July 11, 2022

Financial app Revolut is set to launch a Coinbase-style crypto 'Learn & Earn' feature on its banking platform.
Bitcoin sentiment continues to rise ahead of US inflation figures

July 11, 2022

The price of Bitcoin has slipped four per cent over the past 24 hours, down to around $20,460 this morning.
Money stolen from crypto fraud soars despite crash

July 11, 2022

The money stolen from crypto frauds has increased over the past year even as a crash has seen cryptocurrency prices plummet. Crypto fraudsters stole 58 per cent more money in the past 12 months with victims in the UK generally losing £36,250 per fraud, a report by cyber security company NordVPN revealed today. Total losses from crypto fraud [...]
Lawyers gearing up for ‘wave of litigation’ due to crypto crash: Furious Brits expected to claim losses back

July 10, 2022

The collapse in the value of crypto is likely to lead to a raft of claims from UK investors who believe they have lost considerable sums of money after being mis-sold cryptocurrencies, lawyers have told City PM today. Mis-selling claims may arise in cases where cryptocurrencies were marketed as a low-risk investment, yet subsequently dropped [...]
Stablecoins are a clear indicator that cryptocurrency can’t be ignored

July 8, 2022

Andrea Ramoino, Chief Strategy Officer at Contis, examines the significance stablecoin regulation.
How I (finally) got into crypto, 50 years on

July 8, 2022

Crypto AM's Monty Munford goes back through time to take a look at how he first got into crypto.