The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.” On June 30, the FCA published the results of its latest research into how consumers interact with crypto markets in the U.K. It found that 1.9...
Month: July 2020
Canada’s Digital Dollar Should Focus on Inclusion and Accessibility, Say Experts
A digital Canadian dollar should imitate traditional banknotes in terms of availability and accessibility, according to staff from the country’s central bank, the Bank of Canada. In an analytical note on June 30, experts from the Bank of Canada revealed some of the goals for...
European Crypto Cards Reactivate as FCA Allows Wirecard to Resume Operation
Wirecard-issued crypto debit cards from companies like Crypto.com and TenX have been reactivated following permission from the United Kingdom’s Financial Conduct Authority, or FCA. On 29 June, the U.K. watchdog allowed Wirecard Card Solutions, a Newcastle-based subsidiary of troubled German company Wirecard AG, to resume...
Gold vs. Bitcoin: $2.8B Fake Bullion Scam Highlights BTC Benefits
The Bitcoin (BTC) versus gold debate rages on this week as reports reveal fake bars fuelled a $2.8 billion corruption scheme. As Chinese media outlet Caixin reported on June 29 via Nikkei, a loans deal between Chinese financial institutions and Wuhan Kingold Jewelry — with...
California University Pays Million-Dollar Crypto Ransom
The University of California at San Francisco School of Medicine reportedly paid a $1.14 million ransom in cryptocurrencies to the hackers behind a ransomware attack on June 1. According to CBS San Francisco, the UCSF IT staff first detected the security incident, stating that the...
Bitcoin Price Bulls Pin Hopes on Descending Channel Breakout to $10K
Bitcoin (BTC) price showed a bit of strength by briefly pushing to $9,235 as the daily close occurred, but at the time of writing, the top-ranked digital asset on CoinMarketCap is trading below the $9,200 resistance. Crypto market weekly price chart. Source: Coin360 As discussed in...