Blockbeat

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

Bitcoin price continues to look flat amid recession concerns

June 23, 2022

The price of Bitcoin continues to hang around the $20k mark, having failed to sustain a push above that level earlier in the week.
Bank of England official compares crypto crash to dotcom bubble

June 22, 2022

The Bank of England’s Deputy Governor has compared the recent crypto crash to the dotcom bubble more than two decades ago. Jon Cunliffe said those that survived the crash could become the technology companies of the future and rival the likes of tech giants Amazon. “The analogy for me is the dotcom boom, when $5 trillion was [...]
Tether reveals stablecoin plans for GB Pound

June 22, 2022

Hong Kong-based Tether has revealed it will launch a British Pound Sterling form of its stablecoin, pegged to the pound.
Odds slashed on Bitcoin ending 2022 below $20,000

June 22, 2022

As the recent dip in Bitcoin's form continues to bite, bookmakers are looking to cash in on the price of the flagship cryptocurrency.
Sam Bankman-Fried offers money to affected crypto platforms amidst downturn

June 22, 2022

FTX CEO Sam Bankman-Fried is helping out crypto companies hit by the crash with monetary aid. FTX, one of the world’s biggest crypto exchanges, signed a $250m (£204m) revolving line of credit to crypto lending platform BlockFi, both companies announced on Tuesday. “We take our duty seriously to protect the digital asset ecosystem and its [...]
Stock markets look weak as price of Bitcoin fights to stay above $20,000

June 22, 2022

The price of Bitcoin saw a drop overnight and is down five per cent this morning, holding just above $20k.
Dogecoin increasingly connected to illicit activity, new report alleges

June 21, 2022

Cryptocurrency Dogecoin is increasingly being connected to illicit activity like terrorism financing and child sex abuse, according to a new study. Blockchain analytics firm Elliptic, who authored the report, claimed it had found evidence to suggest that the popular meme token was being used by illicit actors as payment for illegal activity. Dogecoin was accepted as payment [...]
How luxury goods brands are embracing blockchain

June 21, 2022

Protokol chief Lars Rensing examines why the luxury goods market is throwing its hat into the blockchain ring.
Musk, Tesla, SpaceX sued for alleged Dogecoin pyramid scheme… it’s all so depressingly predictable:

June 21, 2022

Crypto AM columnist Nigel Green is disappointed at the predictability of Elon Musk being sued over his 'Dogecoin mischief'.
Bitcoin price shows signs of recovery as major cryptocurrencies push to the upside

June 21, 2022

The price of Bitcoin is up another six per cent over the past 24 hours, changing hands for more than $21k this morning.