Tread carefully with crypto, says Bank official | Business

Cryptocurrency does not yet pose a risk to Britain’s financial stability, but a common regulatory system is needed, a senior Bank of England official has said.Acknowledging the growing interest in crypto assets from within the “traditional financial system”, Sarah Breeden warned that institutions must be cautious when approaching digital currencies, given their fluctuating prices and … Read more

Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business

Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business

Argo Labs will mainly focus on network participation and strategic diversification through the efficient deployment of the company’s crypto treasury assets. The network participation will consist of providing infrastructure support, running nodes and validators, and staking in innovative projects. Meanwhile, the other half of the business will include supporting early-stage projects, decentralized finance, NFT and … Read more

Bitcoin’s slump could be the start of a ‘crypto winter’ that sees prices crash, UBS says. Here are three reasons why. | Currency News | Financial and Business News

Bitcoin el salvador

UBS said there are a number of challenges that could trigger a crypto winter.Marvin Recinos/Getty Images A growing number of factors suggest a “crypto winter” could be on its way, analysts at UBS have warned. The case for bitcoin as a currency and inflation hedge is dwindling, and its tech has several flaws, they said. … Read more

Bitcoin, crypto and Web3 teeter on the brink of a $2 trillion bubble | Business

Brian Armstrong, the 38-year-old, bald-headed brainbox behind cryptocurrency exchange Coinbase, gave himself a Christmas present this year: an immense property in LA’s Bel Air. The price was a cool $133 million (£97 million). He’s unlikely to miss it. Armstrong’s net worth shot to an estimated $9.4 billion after Coinbase’s 2021 stock market float.The one-time Airbnb … Read more

crypto: Budget to decide if crypto investment is business income

crypto: Budget to decide if crypto investment is business income

Mumbai: The government has sought opinion from senior tax advisors on whether the income earned from trading or investing in cryptocurrencies could be treated as business income as against capital gains from this year onwards, said two people involved in the discussions. The move could substantially increase the tax burden of crypto investors. The government … Read more

Reddit cofounder Alexis Ohanian predicts play-to-earn crypto will be the only type of games people play in 5 years | Currency News | Financial and Business News

Alexis Ohanian, Reddit co-founder, at the Solana conference in Lisbon

Alexis Ohanian, Reddit cofounder.Solana Play-to-earn crypto will be the only type of games most people play in five years, according to Reddit cofounder Alexis Ohanian. “90% of people will not play a game unless they are being properly valued for that time,” he said in a recent podcast. He also expects most people will unknowingly … Read more

These are the 6 hottest crypto tokens you can use to buy real estate in the metaverse | Currency News | Financial and Business News

Metaverse digital cyber world technology, man with virtual reality VR goggle playing AR augmented reality game and entertainment, futuristic lifestyle

Metaverse digital cyber world technology, man with virtual reality VR goggle playing AR augmented reality game and entertainment, futuristic lifestyleThinkhubstudio/Getty Buying virtual plots of land became the new normal in 2021 as investors jumped to alternative investing trends. Sales of virtual land boomed towards the latter half of the year, with NFT-based worlds raking in … Read more

Robinhood is launching a beta version of its crypto wallet in January | Currency News | Financial and Business News

People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City.

A pop-up kiosk for Robinhood along Wall Street after the company went public.Spencer Platt/Getty Images Robinhood Markets is launching a beta version of its crypto wallet in January. After months of fine-tuning the new feature during the October alpha testing, Robinhood is now ready to move to the beta phase. Robinhood revealed common user feedback … Read more

China’s crypto crackdown sparks Thai crypto-mining boom | Business and Economy News

China’s crypto crackdown sparks Thai crypto-mining boom | Business and Economy News

Bangkok, Thailand – The moment the axe fell on China’s massive cryptocurrency mines, Thai entrepreneur Pongsakorn Tongtaveenan was ready to swoop – quickly buying up redundant computer processors needed to retrieve Bitcoin from the network and shipping them to Southeast Asia. “Chinese miners got rid of their machines and the price collapsed by 30 percent,” … Read more

Markets 2021: Stocks Soar, IPOs Explode, Crypto Goes Wild | Business News

U.S. News and World Report Logo

Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits.As of Dec. 22, the S&P 500 had risen 25%, its third-straight annual increase. Along the way, the benchmark index set 67 all-time highs.The market weathered a number … Read more

Jack Dorsey says VC involvement means crypto users don’t own Web3 — and Elon Musk seems to agree | Currency News | Financial and Business News

Jack Dorsey and Elon Musk

“You don’t own ‘web3.’ The VCs and their LPs do,” Dorsey said on Monday.MARCO BELLO/AFP/Picture Alliance/Getty Images Jack Dorsey and Elon Musk are decrying venture capital influence on Web3. Crypto users don’t own the next version of the internet, venture capitalists do, Dorsey said. When Musk asked if anyone’s seen Web3, Dorsey said “it’s somewhere … Read more

We spoke to crypto mega-billionaire and FTX founder Sam Bankman-Fried. Here are the 5 biggest takeaways. | Currency News | Financial and Business News

Sam Bankman-Fried FTX founder crypto exchange

Sam Bankman-Fried co-founded the crypto exchange FTX in 2019.FTX Sam Bankman-Fried built a crypto trading empire worth almost $30 billion in just a few short years. The 29-year old founder has worked around the clock for years to fulfill his goal of becoming a major philanthropist. These are the five big takeaways from Insider’s recent … Read more

A DAO is aiming to fund crypto projects in partnerships with some of the biggest names in higher education | Currency News | Financial and Business News

University of California Berkeley Campanile clock tower

The EduDAO traces its roots to the University of California, Berkeley.David Madison/Getty Images The newly launched EduDAO will allocate $11 million a year to university-level students working on technology projects.  EduDAO is being financed by decentralized asset manager BitDAO in partnership with Mirana Ventures.  Harvard, UC Berkeley, and Oxford are among the first universities in … Read more

Mark Carnegie and Sergei Sergienko’s digital currency plans for business in pro-crypto Singapore

Mark Carnegie and Sergei Sergienko’s digital currency plans for business in pro-crypto Singapore

And wouldn’t you know, there’s a fee for everything.“As part of this arrangement, the Manager [MHC Digital Finance] shall receive a commission payment calculated by reference to the Timex spread from time to time (currently 1.00 per cent).”That’s some related party. With a minimum investment of $50,000, is it any wonder Carnegie is so keen … Read more

Battle of the metaverses and a billion-dollar hack — 13 expert predictions of what’s next for crypto in 2022 | Currency News | Financial and Business News

Traffic lights with green light replaced by bitcoin sign, clouds and light blue sky in the background

Experts share their predictions for crypto in 2022.WinzenT/Getty Images After an eventful 2021 in crypto, experts shared their predictions for the sector next year with Insider. Among them: Expect a battle for the metaverse, the first billion-dollar hack, and the use of bots to buy NFTs. The crypto economy will top $7.5 trillion in 2022, … Read more

To the moon? Terra’s luna crypto coin has shot up almost 80% in a week, vaulting past shiba inu and avalanche | Currency News | Financial and Business News

Moon's ashen glow, a phenomenon when the Moon's night side is lit by earthshine.

The name “luna” echoes crypto fans’ cry of “to the moon.”Albert Garnelis/Getty Images Terra’s luna cryptocurrency has gained around 80% in a week, making it bigger than either shiba inu or avalanche. A network upgrade and upcoming changes to how users report their tax liabilities have driven the surge. JPMorgan’s Nikolaos Panigirtzoglou said recently terra’s … Read more

The metaverse is a massive opportunity for crypto that calls for new platforms and tokens, Bank of America strategist says | Currency News | Financial and Business News

An art exhibit depicting the metaverse.

Viewers take in the art installation “Machine Hallucinations – Space: Metaverse” by Refik Anadol.Tyrone Siu/Reuters The metaverse is a massive opportunity for the crypto space, according to a Bank of America strategist. BofA’s Haim Israel predicted that cryptocurrencies will finally be used widely for transactions in virtual worlds. He said crypto-based platforms will need developing, … Read more

Crypto prices are plummeting in India as the country mull as ban on digital assets — and its creating an opportunity for savvy investors | Currency News | Financial and Business News

Bitcoin trading crypto cryptocurrency phone retail trader

SOPA Images/Getty ImagesSOPA Images/Getty Images Prices of shiba inu, dogecoin, bitcoin, and tether dropped on a popular crypto exchange in India. The declines came as the country mulls a crackdown on private cryptocurrencies. The declines created an arbitrage opportunity for savvy investors, but a tough one to capitalize on. Cryptocurrencies dropped in India Wednesday morning … Read more

German business morale darkens on supply bottlenecks, COVID wave

German business morale darkens on supply bottlenecks, COVID wave

The European Central Bank (ECB) and the skyline with its financial district are photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, April 13, 2021. REUTERS/Kai Pfaffenbach/File PhotoRegister now for FREE unlimited access to reuters.comRegisterIfo business climate index falls for fifth month in a rowDrop in November more severe … Read more

Crowdcube eyes Europe after raising £10 million from crypto business Circle

Crowdcube eyes Europe after raising £10 million from crypto business Circle

Britain’s biggest crowdfunding platform Crowdcube is eyeing major expansion to Europe and could one day put company stock on the blockchain after raising £10 million from a US cryptocurrency business.US business Circle is backing the crowdfunding platform, which has helped the likes of BrewDog, Revolut and Mindful Chef raise money from small time investors. Existing … Read more

Crypto exchange Kraken will delist privacy coin monero in the UK, according to an email shared on Reddit | Currency News | Financial and Business News

Kraken on a phone

Kraken on a phoneKONSKIE, POLAND Kraken will stop trading of privacy coin monero for UK customers this month, according to an email last week. By November 26, UK users will no longer be able to open or add to positions in monero. A Kraken spokesperson said the exchange was responding to guidance from the UK … Read more

Singapore business events bounce back post COVID, Hong Kong flounders

Singapore business events bounce back post COVID, Hong Kong flounders

Visitors attend the Restaurants Asia and Cafe Asia trade conventions in Singapore November 18, 2021. REUTERS/Edgar SuRegister now for FREE unlimited access to reuters.comRegisterSINGAPORE/HONG KONG, Nov 19 (Reuters) – Singapore is hosting top executives of big global companies this week at a host of conferences, marking its gradual return to normalcy and underscoring the contrast … Read more

Central Queensland business owners ‘in tears’ over looming COVID restrictions, meeting organiser says

A phone using the queensland check-in app in front of a QR code

Some frustrated businesses in regional Queensland say they fear they will have to “shut their doors” due to the state government’s impending tough COVID-19 restrictions for unvaccinated people.Key points:Roughly 400 business owners attend a meeting in Yeppoon discussing navigating impending restrictionsIt follows a similar meeting held recently in MackayState MP Brittany Lauga says business would be in a … Read more

Best books of 2021: Business

Best books of 2021: Business

The Conversation: How Talking Honestly About Racism Can Transform Individuals and Organizations by Robert Livingston, Penguin Business £14.99/Currency $28Starting with the uncomfortable, unavoidable conversations needed to bring about change in society and the workplace, Harvard psychologist Livingston lays out a clear blueprint for rooting out bias and racism. This unflinching guide is one of the … Read more

London’s massive public transport body is cracking down on crypto ads after meme token floki inu’s campaign flooded the city’s travel system | Currency News | Financial and Business News

Missed doge? Get floki? ad

Missed doge? Get floki? ad spotted in the London underground. Amanda Cooper Transport for London said at the weekend it would ensure crypto ads complied with its policies from now on. “Missed Doge? Get Floki ” posters appeared throughout the city’s travel system, touting the unregulated meme crypto coin. S​​iân Berry, Green party London Assembly … Read more

Business News | Stock and Share Market News | Finance News

Business News | Stock and Share Market News | Finance News

a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px ‘Lato’,sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop .dropdown-menu>li>a{display:block;padding:10px;margin:0;font:13px Roboto,sans-serif;color:#333}.header_desktop .arrow,.lang_link{display:inline-block}.header_desktop .dropdown-menu>li>a:hover{background:#30659f;color:#fff;border:none}.header_desktop .dropdown-menu>li:last-child{border:none}.lan_dropbx{float:left;padding:10px 0}.special_wrapbx{float:left;margin-left:20px}.lang_link{font:400 11px Lato,sans-serif;color:#666!important}.main_header_wrapper{width:1260px; position: relative; margin:0 auto}.searchBox{width:424px;position:absolute;left:50%;top:2px;margin-left:-212px;border:1px solid #bababa;border-radius:17px;background-color:#fff;z-index:0;height:30px;z-index:999}.searchBox .searchboxInner{background:#fff;border:0;height:27px;margin:1px;border-radius:17px}.searchBox .searchboxInner .txtsrchbox{margin-top:0px;width:100%;border:0;outline:0;height:25px;border-radius:17px;padding:2px 30px 2px 15px;font:400 13px Lato,sans-serif}.common_dropmenu.dropdown-menu{margin:0;border-radius:0}.header_desktop .dropdown-menu{border:1px solid #e2e2e2;box-shadow:0 2px 5px rgba(0,0,0,.175)}.common_dropmenu:after,.common_dropmenu:before{bottom:100%;border:solid transparent;content:” “;height:0;width:0;position:absolute;pointer-events:none;left:20px}.header_desktop .arrow,.logo_wrapper{position:relative}.common_dropmenu:after{border-color:rgba(255,255,255,0);border-bottom-color:#fff;border-width:6px;margin-left:-6px}.common_dropmenu:before{border-color:rgba(209,211,214,0);border-bottom-color:#e2e2e2;border-width:8px;margin-left:-8px}.header_desktop .arrow{border:solid #707070;border-width:0 1px 1px 0;padding:2px;margin-left:3px;top:-2px; width: auto; height: auto; margin-bottom: … Read more

A rich millennial reportedly plows 90% of his money into crypto and shuns adviser from Goldman Sachs | Currency News | Financial and Business News

Bitcoin is pictured in London, England.

Bitcoin has surged to record highs above $67,000 this year. Edward Smith/Getty Images Startup founder Michael Martocci tells WSJ that he puts 90% of his investment money into crypto. Like most rich millennials, the 26-year-old is overseeing his own wealth management. Martocci isn’t interested in playing golf with a Goldman Sachs adviser who wants his … Read more

A Gen Z crypto millionaire says ether could overtake bitcoin as the No 1 crypto before mid-2022 – and could ‘power the rails’ of global finance | Currency News | Financial and Business News

Rahul Rai

Rahul Rai, co-head of Market Neutral at BlockTower Capital. Rahul Rai Rahul Rai, a 24-year-old hedge fund founder, believes ether could overtake bitcoin in the next six or so months. The ethereum token has the potential to “power the rails of all global finance” through DeFi use, he told Insider. Ether has climbed to new … Read more

Millennial Money: What happens to your crypto if you die? | Business

Mexico Bitcoins

If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight. Sorry to be a downer, but YOLO — so make a plan … Read more

Crypto could be the ‘greatest innovation of our lifetime’ and other soaring predictions from JMP | Currency News | Financial and Business News

Bitcoin seen on display

Bitcoin. Rafael Henrique/SOPA Images/LightRocket via Getty Images JMP Securities believes the crypto economy and blockchain could be the “greatest innovation of our lifetime.” The crypto market continues the evolution toward automation, digitization, increased efficiency, and productivity, and analysts said it’s at a tipping point. They also compared blockchain technology to the internet and other hyper … Read more

A crypto project that raised $60 million overnight using a dog meme saw all of that money go missing in what may have been a phishing attack | Currency News | Financial and Business News

A close-up photo of an ornamental stature of Anubis, the dog-like Egyptian god of death

The AnubisDAO project was named after the Egyptian god of death. Khym Harrison/ iStock / Getty Images Plus $60 million in ether has vanished from a fundraising effort by a cryptocurrency project, The Block reported. AnubisDAO was promoted as a protocol update for a cryptocurrency named OlympusDAO. But hours before the related token sale was … Read more

Crypto trading hamster update: New rig, more money, and continued outperformance | Currency News | Financial and Business News

Mr. Goxx crypto trading hamster

Mr. Goxx trading cryptocurrencies. @Mr_Goxx Twitch Livestream Mr. Goxx, the crypto-trading hamster that went viral last month, is starting to capitalize off his early success.Mr. Goxx’s anonymous business partner has sold NFTs to help fund a larger portfolio and upgrade the hamster’s trading rig.Since the hamster’s trading journey began in mid-June, it has outperformed the … Read more

Crypto miners are hoarding bitcoin amid recent rally, creating ‘supply shocks’ that help boost prices further, Kraken says | Currency News | Financial and Business News

Bitcoin

Bitcoin. Sean Gladwell Sean Gladwell Crypto miners hanging onto their bitcoin are creating “supply shocks,” Kraken said in a blog Thursday. The supply shocks are helping to boost bitcoin prices even further. The trend indicates bitcoin’s bull run may have farther to go, Kraken said. Crypto miners are stockpiling bitcoin, driving a supply shock and … Read more

Police seize $2.7 million of crypto from a British teenager in a credit card fraud scheme | Currency News | Financial and Business News

A hand holds a bitcoin toward the sky in this photo representation of the cryptocurrency.

Bitcoin. Edward Smith/Getty Images Police in England seized more than $2 million worth of crypto from a 17-year-old involved in a credit card scam. Lincolnshire Police said seized 48 bitcoin and other cryptocurrencies after discovering money-laundering links in the case. The teenaged boy was charged with false representation and money laundering. Police in an English … Read more

Blockchain firm to buy control of crypto trading Gibraltar stock exchange | Business

A cryptocurrency company is to buy the Gibraltar Stock Exchange, which will enable investors to buy crypto, debt and equities on the same bourse.Valereum Blockchain, which aims to link fiat currencies — government-issued money not backed by a commodity, such as sterling or US dollar — to cryptocurrencies, has signed an option to buy 80 … Read more

Crypto investors still are not sufficiently protected in the $2 trillion market despite the success of the first bitcoin ETF, SEC chief Gary Gensler says | Currency News | Financial and Business News

Gary Gensler, chair of the SEC, testifies at a hearing in September.

Gary Gensler, chair of the SEC, testifies at a hearing in September. Evelyn Hockstein-Pool/Getty Images The first-ever bitcoin-futures that launched on October 19 was a massive success. SEC Chair Gary Gensler on Monday voiced concern that crypto investors are still not well protected. His comments led to some speculation among observers on social media that … Read more

The founder of DeFi network avalanche says success for crypto will be bitcoin losing its crown to a stablecoin | Currency News | Financial and Business News

Bitcoin crushed by US dollar

Bitcoin crushed by US dollar urfinguss “We are not anywhere near done until the number one coin is a stablecoin,” Emin Gün Sirer, CEO of Ava Labs, told Insider. Stablecoins have an advantage because they can be tied to assets like the dollar, which makes them less volatile. But stablecoins face questions from regulators about … Read more

Should you buy a bitcoin-futures ETF versus actual bitcoin or crypto stocks? Experts weigh in on the advantages of each. | Currency News | Financial and Business News

A gold Bitcoin seen on display with a stock market graph in the background

Bitcoin has pushed to an all-time high above $66,000. Rafael Henrique/SOPA Images/LightRocket via Getty Images Bitcoin futures ETFs burst onto the scene this week, marking a new milestone for the crypto market. Insider talked to market experts about how the new ETFs compare to owning actual bitcoin. ProShares and Valkyrie launched their ETFs this week, … Read more

Mark Cuban compares the crypto boom to the dot-com bubble, defends Robinhood, and calls for stablecoin regulation in a new interview. Here are the 10 best quotes. | Currency News | Financial and Business News

mark cuban

Mark Cuban. Steve Jennings/Getty Images Mark Cuban praised cryptocurrencies and Robinhood for encouraging young people to invest. The “Shark Tank” star compared bitcoin to gold, and called for stablecoins to be regulated. The billionaire advised parents to join TikTok and YouTube to understand how children learn today. Mark Cuban praised cryptocurrencies for enticing young people … Read more

Bitcoin briefly crashed 87% to about $8,000 on Binance’s US crypto trading platform | Currency News | Financial and Business News

Bitcoin

Bitcoin. Nurphoto Bitcoin plummeted to $8,200 on Binance’s US platform, Coin Telegraph first reported. The brief decline in the cryptocurrency was an 87% fall from $65,815. Binance’s CEO tweeted “expect very high volatility in #crypto over the next few months.” Bitcoin briefly plummeted to about $8,000 on Thursday – but only on the Binance US … Read more

Business News | Stock and Share Market News

Business News | Stock and Share Market News

li{flex: 0 0 50%; border-left:1px solid #ccc; padding:0px 15px;} .market_widget_cmn .market_wrapdata > li:first-child{border-left:0px;} .market_widget_cmn .market_wrapdata > li a{display:block; color:#0367A4; font:400 12px ‘Fira Sans’,sans-serif; text-transform:uppercase; text-decoration:none !important;} .market_widget_cmn .mrkt_value{ color:#000; font:700 16px ‘Fira Sans’,sans-serif;} .market_widget_cmn .grn_hilight { background: #50b973; color: #fff!important } .market_widget_cmn .red_hilight { background: #e3515a; color: #fff!important } .market_widget_cmn .mkt_dtflt{color:#333; font:300 19px ‘Fira Sans’,sans-serif; … Read more

IMF warns of the danger to the financial system from ‘disappearing’ crypto coins and the instability of stablecoins | Currency News | Financial and Business News

Bitcoin balloon

Bitcoin balloon Andriy Onufriyenko The IMF warned countries about the risks that came with the growing crypto space in a report Tuesday. More than 16,000 tokens have been listed on exchanges, but only around 9,000 exist today, the report said. The fund said stablecoins were vulnerable to volatility and investor runs despite being pegged to … Read more

Vietnam’s biggest city to start lifting COVID-19 curbs to spur business

Vietnam's biggest city to start lifting COVID-19 curbs to spur business

Motorbikes drive past a billboard warning against the coronavirus disease (COVID-19) after the government eased nationwide lockdown during the outbreak in Ho Chi Minh, Vietnam, April 25, 2020. REUTERS/Yen DuongJobs available as industry restarts – government99.6% of Vietnam’s COVID-19 cases recorded since MayCrisis centred largely in Ho Chi Minh CityHANOI, Sept 30 (Reuters) – Vietnam’s … Read more