Finance minister Jeremy Hunt says the digital pound, or “Britcoin” would be issued and backed by the Bank of England, but won’t negate the use of cash. The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could “provide a new way to pay” without necessarily replacing...Continue Reading

Crypto firms in the United Kingdom could face some harsh punishments under the FCA’s proposed financial promotions regime. Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog.  In...Continue Reading

The co-founder of Webaverse said they somehow got their crypto hacked from their Trust Wallet during a meeting with two people claiming to be investors. The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby...Continue Reading

The agreement comes as a result of federal prosecutors looking to ban SBF from contacting current or former FTX and Alameda employees while on house arrest. Sam Bankman-Fried’s (SBF’s) lawyers have reached an agreement with federal prosecutors concerning his use of messaging apps. According to a Feb. 6 court document, both parties have agreed SBF...Continue Reading

Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval. Genesis Global has announced it has reached an “agreement in principle” with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of...Continue Reading