The founder of one of the largest cryptocurrency exchanges in the world, who “thought that he was above the law”, defrauded clients out of billions of dollars. A jury found the founder of FTX guilty […]
The Bank of England must consider data privacy and financial stability concerns within its proposed design for a “digital pound”, the Treasury Committee has said in a report. In 2020, the Bank of England said […]
The US Department of Energy is to begin a survey of cryptocurrency mines’ electricity consumption, following years of concern expressed by environmental advocates. Crypto mining is the process of validating new transactions and generating new […]
The Joe Biden administration has proposed a 30% tax on the electricity used for cryptocurrency mining operations in its budget for 2025. The computers that secure cryptocurrencies such as Bitcoin consume large amounts of power. […]
Hush money Only a handful of countries have active CBDCs in circulation but, by the end of last year, over 130 countries had announced plans to develop or pilot their own schemes. China has conducted […]
For the first time, Bitcoin has soared past US$81,000. Before Donald Trump sealed his return to the presidency last week, he pledged to make the US “the crypto capital of the planet” and create a […]
On 21 February 2025, hackers stole approximately $1.5bn in digital assets from Bybit’s Ethereum wallet. The Dubai-based cryptocurrency platform Bybit has called it the “biggest cryptocurrency heist ever recorded”. Bybit was founded in 2018 and […]
US tech entrepreneur Sam Altman’s biometric device The Orb – which distinguishes between real people and AI bots, helping to verify who is human online – is to be launched in the UK. Altman has […]
Hackers from North Korea have managed to steal the largest amount of crypto on record this year, an analysis from Elliptic has found. According to the UN, the rogue state uses these funds to help […]
The UK Treasury has announced it will implement “firm and proportionate” regulatory rules for crypto firms starting in 2027. The new rules mean that cryptoassets firms will need to be regulated by the Financial Conduct […]
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