digital currency

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
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 cryptocurrencies such as Bitcoin are actually made
23 Sep 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
Visa partners with 50 platforms to support direct crypto payments
A man and woman paying for food at a restaurant using a contactless VISA card
digital currency

Visa partners with 50 platforms to support direct crypto payments

People can buy goods using cryptocurrency-linked Visa cards, with rewards administered like airline miles
8 Jul 2021
Cryptocurrency crimes have increased 12-fold since 2016
Cryptocyrrency stock markets
cryptocurrencies

Cryptocurrency crimes have increased 12-fold since 2016

An FOI request reveals that Action Fraud saw crypto crime incidents grow on average 124% every year
22 Jun 2021
Hong Kong considers own centralised digital currency
An image of the HKMA office in Hong Kong
digital currency

Hong Kong considers own centralised digital currency

The plans form part of the “Fintech 2025” strategy to drive the development of fintech in the region
10 Jun 2021
El Salvador becomes the first nation to adopt Bitcoin as legal tender
The El Salvador flag with a translucent Bitcoin logo pasted over it
cryptocurrencies

El Salvador becomes the first nation to adopt Bitcoin as legal tender

The shock move comes as many countries and institutions distance themselves from the ever-fluctuating cryptocurrency
9 Jun 2021
EU to unveil plans for 'bloc-wide' digital wallet
A smartphone over a map of Europe with a lock icon
digital currency

EU to unveil plans for 'bloc-wide' digital wallet

Plans for a biometrically secured app to be revealed on Wednesday and could be fully operational by next year
1 Jun 2021
HSBC CEO says "volatile" Bitcoin is "not for us"
HSBC logo on skyscraper with view from below
cryptocurrencies

HSBC CEO says "volatile" Bitcoin is "not for us"

Noel Quinn’s comments come as Bitcoin tumbled by almost 50%
24 May 2021
China signals major crackdown on Bitcoin mining
A graphic interpretation of the decrease in the cost of bitcoin, with a hand holding a coin with bitcoin logo
cryptocurrencies

China signals major crackdown on Bitcoin mining

The war on Bitcoin continues, with roughly 65% of the world's cryptocurrency mining based in China
24 May 2021
US Treasury calls for tougher IRS rules on cryptocurrencies
Two bitcoins held by Lady Justice in front of a US flag
cryptocurrencies

US Treasury calls for tougher IRS rules on cryptocurrencies

Businesses may be required to declare transactions over $10,000, as they do with cash, to combat money laundering and tax evasion
21 May 2021
Bitcoin value sinks to a three-month low
A graphic interpretation of the decrease in the cost of bitcoin, with a hand holding a coin with bitcoin logo
cryptocurrencies

Bitcoin value sinks to a three-month low

Fluctuations were also seen in other popular digital currencies such as Ethererum and Dogecoin
17 May 2021
UK exploring plans to launch its own digital currency
The sign outside of the Bank of England
digital currency

UK exploring plans to launch its own digital currency

A taskforce will examine the viability of creating a central bank digital currency alongside a wider package of fintech support measures
19 Apr 2021