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The Latest Breaking News from Cryptocurrency

Global watchdog calls for UK to regulate crypto in same way as stocks and bonds

Iosco recommendation runs counter to MPs’ stance that cryptocurrency trading should be treated as form of gambling

The Guardian - UK

Crypto trading: politicians who say it should be treated like gambling are completely wrong

Cryptocurrency trading should be regulated in the same way as gambling, according to the UK parliamentary select committee in charge of scrutinising finance. The committee published a report arguing that this was necessary because digital assets such as bitcoin have “no intrinsic value, huge price volatility and no discernible social…

The Conversation

The Advantages of Choosing Arbitrum (ARB) over Other Layer 2 Solutions

As the cryptocurrency market continues to grow, the importance of scalability and transaction speed becomes more apparent. Layer 2 solutions have emerged as a viable option to address these issues, and Arbitrum (ARB) is quickly becoming a popular choice.

inkl

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Stellar: The Cryptocurrency for Cross-Border Transactions

Stellar, in collaboration with its Binance partners, is a popular cryptocurrency that is designed for cross-border transactions. It is a decentralized network that facilitates the exchange of digital currency and fiat money.

inkl

Scottish grandad loses £10,000 in cryptocurrency scam after his friend recommended it

Tom Roberts, 66, was left gutted after he lost £10,000 of his retirement funds through a 'cryptocurrency scam', and is now speaking out to warn others against fraudulent behaviour.

Edinburgh Live

Scots OAP cancer victim loses £10,000 of retirement funds in 'cryptocurrency scam'

Tom Roberts, 66, was gutted when he lost £10,000 of his retirement money and has now spoken out to warn others against investing in the “scam”.

Daily Record

Crypto market aflutter

Last year was a rough one for cryptocurrencies as Bitcoin, the largest digital asset in the world, lost nearly 65% of its market value.

Bangkok Post

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UK Members Worry About The Risks Of Cryptocurrency And Non Existing Regulations

UK lawmakers want to treat cryptocurrency trading like gambling as the fall of FTX has brought concern to world regulators.

Zenger

OpenAI's CEO to get $100 million to scan everyone's eyes for new crypto project

The father of ChatGPT seeks to use iris-scanning tech for his new global cryptocurrency Worldcoin. Here's all you need to know.

TechRadar

Westpac bans transfers to world’s largest crypto exchange Binance

Bank customers can no longer make payments to the cryptocurrency exchange, in a move to reduce scams

The Guardian - AU

OPINION - Tech & Science Daily podcast: Should crypto trading be treated like a type of gambling?

The Treasury Committee says that consumer cryptocurrency trading should be regulated as gambling.

Evening Standard

Cryptocurrency trading in UK should be regulated as form of gambling, say MPs

Report says people betting on prices of such assets ‘should be aware that all their money could be lost’

The Guardian - UK

Cryptocurrency trading should be regulated as gambling, says Treasury Committee

Unbacked cryptoassets pose significant risks to consumers, given their price volatility and the risk of losses, the committee said.

The Independent UK

Cryptocurrency trading should be regulated as gambling as it ‘serves no useful purpose’ otherwise, MPs say

The Committee said regulating cryptocurrencies as financial products risked giving people a false sense of security in the assets

Evening Standard

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The Independent UK

Crypto rules get final approval to make Europe a global leader on regulation

European Union states have given final approval to a sweeping set of beefed-up cryptocurrency rules, giving the 27-nation bloc a global lead in regulating the freewheeling sector

The Guardian - UK

FTX founder Sam Bankman-Fried ‘let me see everything’ for new book, says Michael Lewis

The Big Short author was given unlimited access to failed cryptocurrency exchange founder for Going Infinite: the Rise and Fall of a New Tycoon

Zenger

Hong Kong Banks Looking To Be The Leader In Cryptocurrency Moving To Virtual Assets

Hong Kong is encouraging banks to cater to the needs of licensed virtual-asset firms — a move that highlights the city's ambition.

Evening Standard

How to buy Cardano (ADA)

Cardano and its native cryptocurrency ADA were created by one of Ethereum’s co-founders in 2017.

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Reuters

North Korean hackers stole $721 million in cryptocurrency from Japan - Nikkei

Hacker groups affiliated with North Korea have stolen $721 million worth of cryptocurrency assets from Japan since 2017, the Nikkei business daily reported on Monday, citing a study by U.K. blockchain analysis provider Elliptic.

Bangkok Post

Crypto miners ‘stole B500,000 a month worth of electricity’

SAMUT PRAKAN: Authorities have seized cryptocurrency mining hardware worth more than 5 million baht from two houses in Samut Prakan where electricity theft exceeded 500,000 baht a month.

Zenger

Bitcoin Thief Who Stole Nearly $5 Million And Was Photographed In Cash-Filled Bathtub Gets 4 Years In Prison

On Thursday, Gary Harmon, a resident of Ohio, was sentenced to a four-year prison term after he pled guilty in January to stealing mo

Reuters

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges.

Daily Record

Scots dad's warning after losing £100,000 of life savings to cryptocurrency scam

Mick, who owns the Coffee Lodge in Hermitage of Braid, shared his story with customers after realising he had been conned.

Barchart

Bitcoin – Stuck In Neutral

Bitcoin is a highly controversial asset. Supporters believe cryptocurrency will replace fiat currencies as Bitcoin and the many other cryptos values reflect buying and selling interest without government intervention. Opponents say cryptos allow many nefarious market participants to operate. Speculators have flocked to cryptocurrency markets because of the extreme volatility…

Fortune

This artist just made a memecoin that skyrocketed to a $77 million market cap. He mostly used GPT-4

The artist still owns a little more than 10% of the tokens.

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