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digital currency

Why Rishi Sunak's NFT gambit will backfire on UK fintech
Rishi Sunak on Downing Street
blockchain

Why Rishi Sunak's NFT gambit will backfire on UK fintech

Plans for the Royal Mint to launch an NFT – part of wider government cryptoasset measures – is more than just another PR misstep
5 Apr 2022
UK to introduce stablecoins
Close up of a stack of British pound coins against a financial currency chart and graph
digital currency

UK to introduce stablecoins

Announcement comes three months after report from the House of Lords found no “convincing case” for the UK to introduce a CBDC
5 Apr 2022
Democrats propose privacy-focused digital dollar
The US dollar overlaid with digital lines
digital currency

Democrats propose privacy-focused digital dollar

The dollar would have to be able to make offline transactions and preserve anonymity
29 Mar 2022
What is cryptocurrency mining?
Two shovels next to Bitcoins being uncovered in mud to depict cryptocurrency mining
cryptocurrencies

What is cryptocurrency mining?

We explain how virtual currencies such as Bitcoin and Ether are actually made
23 Feb 2022
India reserve bank compares cryptocurrencies to Ponzi schemes
The logo of the reserve bank of India on the outside of a building
cryptocurrencies

India reserve bank compares cryptocurrencies to Ponzi schemes

The bank’s deputy governor said that banning cryptocurrency may be the best option for India
15 Feb 2022
China’s digital currency rollout could be a blueprint for the West
Graphic with several objects including circles overlaid on the Chinese flag
digital currency

China’s digital currency rollout could be a blueprint for the West

With China rolling out the digital yuan at the 2022 Beijing Winter Olympics, it’s the first major economy to launch a nationwide CBDC
4 Feb 2022
India to launch state-backed 'digital rupee'
The logo of the reserve bank of India on the outside of a building
digital currency

India to launch state-backed 'digital rupee'

The government is also introducing a 30% tax on income from digital assets
1 Feb 2022
IMF urges El Salvador to remove Bitcoin as legal tender
Fingers holding a 'bitcoin' in front of the flag for El Salvador
cryptocurrencies

IMF urges El Salvador to remove Bitcoin as legal tender

The country sought a $1.3 billion loan from the IMF last year, although this has been reportedly hindered by the fund’s Bitcoin concerns
26 Jan 2022
Federal Reserve warns foreign centralised digital currencies could decrease global use of dollar
Jerome Powell, chair of the Federal Reserve, giving a speech
digital currency

Federal Reserve warns foreign centralised digital currencies could decrease global use of dollar

New report argues CBDCs could level the playing field for private sector innovation but that network security remains a significant challenge
21 Jan 2022
No “convincing case” for UK centralised digital currency, says Lords committee
The sign outside of the Bank of England
digital currency

No “convincing case” for UK centralised digital currency, says Lords committee

A digital currency could increase financial instability and erode privacy protections, House of Lords warns
13 Jan 2022
Australia plans reforms to tackle digital wallets and cryptocurrency regulations
A collection of various coins with cryptocurrency logos embedded onto them
digital currency

Australia plans reforms to tackle digital wallets and cryptocurrency regulations

The treasurer has warned that if the country doesn’t introduce reforms, it will be Silicon Valley that determines the future of the sector
8 Dec 2021
Citigroup to create 100 blockchain and cryptocurrency roles
Citi EMEA headquarters building at Canary Wharf
cryptocurrencies

Citigroup to create 100 blockchain and cryptocurrency roles

The new positions are expected to be filled by the end of 2022
23 Nov 2021
El Salvador announces plans to build a 'Bitcoin city' at the foot of a volcano
A view of Conchagua volcano in El Salvador
cryptocurrencies

El Salvador announces plans to build a 'Bitcoin city' at the foot of a volcano

President Nayib Bukele said the country will harness the geothermal energy from the volcano on which the city will be built to mine the Bitcoin requir…
22 Nov 2021
US Treasury calls for stablecoin legislation
An image of cryptocurrency stock markets on a screen
cryptocurrencies

US Treasury calls for stablecoin legislation

The institution is trying to address concerns around the cryptocurrency, especially as it can be tied to the US dollar
2 Nov 2021
US links $5.2 billion in Bitcoin transactions to ransomware
Bitcoin logo on a dark background
ransomware

US links $5.2 billion in Bitcoin transactions to ransomware

A new report from the Treasury ties the cryptocurrency to ransomware payments over a ten year period
18 Oct 2021
Adoption of Bitcoin as legal currency sparks protests in El Salvador
A protester setting fire to an object in San Salvador, El Salvador, in September 2021, with a crowd behind them
cryptocurrencies

Adoption of Bitcoin as legal currency sparks protests in El Salvador

Protestors claim the currency could destabilise the economy and is being used to distract from wider issues
16 Sep 2021
Singapore and India to link fast payment systems for cross-border transactions
A pair of hands holding mobile phone showing payment success information on screen
digital transformation

Singapore and India to link fast payment systems for cross-border transactions

This will allow users in the two countries to transfer money using mobile numbers or virtual payment addresses
14 Sep 2021
Bitcoin becomes legal tender in El Salvador
Fingers holding a 'bitcoin' in front of the flag for El Salvador
cryptocurrencies

Bitcoin becomes legal tender in El Salvador

South American country is to install more than 200 ATM machines that convert dollars into Bitcoin
7 Sep 2021
Australia, Malaysia, Singapore, and South Africa partner on shared digital currency platform
Smartphone with banking technology surrounding it
digital currency

Australia, Malaysia, Singapore, and South Africa partner on shared digital currency platform

Reserve banks will test the use of central bank digital currencies for international settlements
2 Sep 2021
PayPal to let UK users buy, hold and sell cryptocurrencies
PayPal application icon on Apple iPhone smartphone screen
cryptocurrencies

PayPal to let UK users buy, hold and sell cryptocurrencies

Users can opt for either Bitcoin, Ethereum, Litecoin and Bitcoin Cash via the PayPal app or website
23 Aug 2021
Poly Network offers up $500k bug bounty reward to its own hacker
Poly Network logo seen on a mobile phone and a computer screen
ethical hacking

Poly Network offers up $500k bug bounty reward to its own hacker

The reward has been offered following the successful return of $610 million in stolen tokens
13 Aug 2021
Hackers lift $610m in cryptocurrency from Poly Network
Physical manifestation of Ether cryptocurrency buried in gravel
cryptocurrencies

Hackers lift $610m in cryptocurrency from Poly Network

The company has pleaded with the hackers to return the stolen tokens
11 Aug 2021
Met Police seize record £180 million of cryptocurrency
British Metropolitan Police Officer in Hi-visibility Uniform
cryptocurrencies

Met Police seize record £180 million of cryptocurrency

The amount tops the £114 million in cryptocurrency confiscated during a raid last month
13 Jul 2021