Blockbeat

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

Bitcoin is Boring.

March 31, 2022 | City Talk

Bitcoin is boring. At least, that’s what everyone is saying these days. Family, friends, even parents on the school run – everyone I talk to at the moment tells me, “Bitcoin is boring.” But is it? Having made headlines over the years for its “sudden surges” and “catastrophic crashes”, most people who have heard of [...]
Bitcoin Doesn’t Use Enough Energy

March 31, 2022 | City Talk

Controversial? Maybe, maybe not. Bitcoin energy usage is often attacked by the media, environmental activists, politicians, traditional finance and competitors with an agenda. But why does it get so commonly attacked? If we put agendas aside, the most obvious reason is how transparent Bitcoin is – one of the selling points of Bitcoin becomes an [...]
EU watchdog labels crypto a financial stability risk as it mulls new rules

March 31, 2022

The European Union is mulling rules to limit the exposure of banks to financial risk amid concern crypto is a threat to the economy.
Bitcoin levels off after eight days of upward movement

March 31, 2022

The price of Bitcoin today is, essentially, unmoved after another largely flat day, continuing to hover at just above the $47k mark.
Crypto firm raises $135m in round led by FTX Ventures, Sequoia and A16z

March 31, 2022

Layerzero Labs has closed a bumper $135m funding round led by crypto investment heavyweights FTX Ventures, Sequoia and A16z.
The metaverse – a peep into the virtual world

March 30, 2022

Crypto AM's Jonny Fry takes us by the hand and gently guides us through the mind-boggling world of the metaverse.
Crypto grandee Stani Kulechov dubs traditional finance ‘clunky’ and ‘boring’

March 30, 2022

The founder of crypto start up Aave has called out the world of traditional finance for being "super cocky" and "boring."
Hackers pilfer $600m from Ronin Network in massive crypto attack

March 30, 2022

Hackers have stolen almost $600m from a blockchain network connected to the Axie Infinity online game in one of the largest crypto attacks ever.
FCA spares UK crypto firms from ejection by waiving key deadline

March 30, 2022

The Financial Conduct Authority (FCA) has relented on a requirement for crypto asset firms in the UK to attain approval by 31 March.
Citi crypto lead lifts lid on ‘active’ digital asset strategy

March 30, 2022

A digital asset grandee at Citi Group has revealed fresh details about the bank's "active" involvement in the crypto sector.