The Guardian - Cryptocurrency News Sites

Move to change law would see assets subject to the same FCA rules as shares and insuranceThe government has unveiled plans to crack down on misleading cryptocurrency ads by making them subject to the same regulations as marketing for other financial products such as shares and insurance.The Treasury has responded to rising concern over a surge in ads promoting cryptoassets, which are unregulated in the UK, and the potential for naive investors to lose money given the highly volatile price swings of digital currencies such as bitcoin. Continue reading... […]

League has ‘utterly immoral form’ on ‘chipping away at the integrity of the sport’, gambling reform campaigner saysGet our free news app; get our morning email briefingThe AFL has “immoral form” and is “corrupting and compromising the sport” with deals such as its $25m sponsorship deal with cryptocurrency firm Crypto.com, Reverend Tim Costello of the Alliance for Gambling Reform has said.The AFL announced the five-year partnership on Tuesday, saying Crypto.com would be the official cryptocurrency exchange and trading platform for the AFL and the AFLW.Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading... […]

Speculators rush to sell off their kit as Balkan state announces a crypto clampdown to ease electricity crisisFor bitcoin enthusiasts in Kosovo with a breezy attitude to risk, it has been a good week to strike a deal on computer equipment that can create, or “mine”, the cryptocurrency.From Facebook to Telegram, new posts in the region’s online crypto groups became dominated by dismayed Kosovans attempting to sell off their mining equipment – often at knockdown prices. Continue reading... […]

Plans by crypto-evangelists for the lavish hideaway have courted mockery and controversy, and now the island is back on the marketWidely mocked plans to establish a tropical haven for cryptocurrency enthusiasts have run into trouble after a contract to buy an island in Fiji for US$12m fell through.A group of crypto-evangelists, led by Max Olivier and Helena Lopez, outlined plans for the island, Nananu-i-cake, in a lavishly animated YouTube video, featuring a wide-eyed crypto bro named Christopher landing by helicopter and being given a guided tour by a talking coin called Connie. Continue reading... […]

Engineers are focused on reducing its carbon footprint, ignoring the governance issues raised by the technologyWhen the cryptocurrency bitcoin first made its appearance in 2009, an interesting divergence of opinions about it rapidly emerged. Journalists tended to regard it as some kind of incomprehensible money-laundering scam, while computer scientists, who were largely agnostic about bitcoin’s prospects, nevertheless thought that the distributed-ledger technology (the so-called blockchain) that underpinned the currency was a Big Idea that could have far-reaching consequences.In this conviction they were joined by legions of techno-libertarians who viewed the technology as a way of enabling economic life without the oppressive oversight of central banks and other regulatory institutions. Blockchain technology had the potential to change the way we buy and sell, interact with government and verify the authenticity of everything from property titles to organic vegetables. It combined, burbled that well-known revolutionary body Goldman Sachs, “the openness of the internet with the security of cryptography to give everyone a faster, safer way to verify key information and establish trust”. Verily, cryptography would set us free. Continue reading... […]

Fears rise over how unregulated trading and promotion of crypto assets are creating a new generation of addictsCryptocurrency ads reach record high on London transportDogecoin value soars after Elon Musk moveSteven has lost more bitcoin than most people will ever own.Raised on the remote Shetland archipelago, he left school at 13 to become a trawlerman before moving into construction, eventually earning £85,000 a year digging tunnels for Crossrail.“But my mind would twist and I’d go all in, like a poker player that thought he had the perfect hand. I was convinced I was going to be a bitcoin millionaire.” Continue reading... […]

As the legitimate use of digital currencies grows, there has been a comparable rise in abuse, cybercrime experts sayGet our free news app; get our morning email briefingWhen the cops arrested scammer Evan Leslie McMahon in March 2019 they found a lot more than just the bootleg Netflix logins that enabled his clients to watch The Witcher on the cheap.Also in the possession of the early-20s hacker were nine electronic wallets containing an alphabet soup of cryptocurrencies – bitcoin, bitcoin cash, ethereum, digibyte, XRP, stratis, bitcoin gold and litecoin – that he bought with the proceeds of his crimes. Continue reading... […]

Exclusive: Mayor urged to implement promised ban on gambling adverts on TfL – and to extend it to crypto companiesCryptocurrency firms bombarded Londoners with a record number of adverts on public transport during 2021, fuelling calls for a ban to prevent people being lured into risky investments.The surge in adverts for crypto assets, which are unregulated in the UK, has prompted concerns about the risk of addiction and financial harm, particularly given the wild volatility in the price of digital currencies such as bitcoin, which reached record highs last year before crashing again. Continue reading... […]

Cryptocurrency with shiba inu dog meme rises 15% after billionaire’s tweet about merchandiseDogecoin, the cryptocurrency with a shiba inu dog meme, soared in value by 15% on Friday after the billionaire Elon Musk said it could be used to buy Tesla merchandise.Dogecoin rose to $0.20 after Musk’s tweet early on Friday, and has soared by 5,859% over the past 12 months, according to data from the Coinbase website. Continue reading... […]