Blockbeat

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

Big institutions still investing heavily in cryptocurrency

May 17, 2022

Massive financial institutions remain unmoved in their plans to plough billions into investing in cryptocurrency.
Binance bulks up legal team as crypto firm faces mounting regulatory scrutiny

May 17, 2022

The world’s biggest crypto exchange, Binance, is seeking to bulk up its legal team by hiring more than 30 lawyers across Europe, Asia, and the Americas. The Cayman Islands headquartered firm posted more than 30 openings for legal professionals, including for six positions in London. The job ads come as the crypto industry faces mounting [...]
Bitcoin price rises with global financial markets as China eases Covid lockdowns

May 17, 2022

Bitcoin is currently changing hands for around $30,600, up 2.75 per cent over the past 24 hours as a promising start to the week continues.
Fiat “on-ramps” and “off-ramps” – what are they, and who needs them?

May 16, 2022

Raymond Hsu of Cabital explains the pros and cons of 'on-ramps' and 'off-ramps', what they do, and why we need them.
Russia using cryptocurrencies to avoid sanctions – reality or myth?

May 16, 2022

Crypto AM columnist Jonny Fry examines Russia's use of cryptocurrency, and can Moscow use it to swerve sanctions?
Bitcoin has no future in payments, warns top crypto boss

May 16, 2022

Crypto billionaire Sam Bankman-Fried has warned bitcoin will never function as a payments network due to its inefficiency, as the crypto world scrambles to steady the market after a sell-off frenzy in the past week.
Bitcoin steady as all eyes turn to WEF for sparks of life in crypto markets

May 16, 2022

The price of Bitcoin has now recovered to around $30k, after the leading cryptocurrency hit lows of around $26k on Thursday.
Crypto crash: Sharp falls will increase calls for regulation, say analysts

May 15, 2022

BITCOIN remained some 30 per cent down on the year last night as the crypto crash which saw a host of ‘coins’ drop significantly in value at the back end of the week showed no signs of an immediate halt. The ethereum coin was trading around $2,000 over the weekend, having hit as high as [...]
No LUNA rescue mission as $3 billion package is blasted as ‘fake news’

May 13, 2022

An asset management company reported to have put together a $3 billion rescue package for collapsed cryptocurrency ecosystem Terra has said the reports were FAKE.
FCA hosts crypto event to assess how digital assets can be regulated

May 13, 2022

The UK’s Financial Conduct Authority hosted a two-day ‘CryptoSprint’ event aimed at exploring how crypto assets could be regulated in the UK.