Cryptocurrencies

Why central bank digital currencies will never solve our challenges

The People’s Bank of China launched a trial of its e-CNY in Shenzhen in 2020 and has since extended its use to other cities

Bankers must recognise that they can have a digital currency, confidentiality or stability — but not all together

4 min read

The search for dedicated crypto expertise by Winton and boss David Harding comes amid rapid expansion into digital assets among hedge funds globally

London hedge fund Winton hunts for crypto hire

A job advert posted by Winton seeks an analyst to support development of its crypto systematic trading strategies

3 min read

Bailey and  El-Erian were facing tough questions on how digital currencies could reshape the economy at a Cambridge Union event

BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability

Threadneedle Street boss adds to concerns over the potential risks posed by surging cryptoassets

2 min read

Veteran emerging markets manager fears cryptos could collapse

Mobius warns ‘crypto could really blow up’: central banks should pay attention

Mark Mobius said higher rates of interest offered by crypto exchanges compared to banks were 'forcing people to gamble'

1 min read

Bitcoin’s price has slumped from its record high of more than $63,000 in April to around $33,000

Major investors dial down bitcoin price targets to $47,000

‘Some allocation to the asset class makes sense for any portfolio, the question is sizing’

2 min read

Elon Musk now thinks dogecoin could replace bitcoin, despite jokingly called it 'a hustle'  - Photographer: Gabby Jones/Bloomberg via Getty Images

Elon Musk working with dogecoin developers after Tesla suspends bitcoin payments

Musk's tweet drove dogecoin's price up by nearly a quarter in the past 24 hours to $0.54

2 min read

Elon Musk said Tesla wouldn't sell any bitcoin and would resume using the cryptocurrency for transactions as soon as mining transitions to more sustainable energy

Elon Musk’s U-turn on accepting bitcoin for Tesla payments kicks down crypto’s price

Bitcoin mining consumes about 148 terawatt-hours of energy annually, more than Sweden uses in a year

3 min read

The grand opening of Superchief Gallery NFT, a physical gallery dedicated exclusively to NFT artwork in New York

NFT investment firm set for London IPO

NFTs are one-of-a-kind digital collectibles that are authenticated using blockchain technology

2 min read

PayPal has said that it would allow users in the US to pay using cryptocurrencies via a new feature called Checkout with Crypto

Bitcoin nearing $60,000 as PayPal permits payment in crypto

‘The next chapter in driving the mass acceptance of digital currencies,’ says PayPal CEO

2 min read

Bitcoin’s exceptional volatility makes it “impractical as a store of wealth or payments mechanism,” the bank's analysts said

Bank of America slams ‘volatile’ and ‘impractical’ bitcoin

Bitcoin's volatility makes it 'impractical as a store of wealth or payments mechanism'

2 min read

SpaceX owner and Tesla CEO Elon Musk updated his Twitter bio, to simply say, '#Bitcoin' at the end of a week thats seen battered stocks like GameStop surge over 1,600%, driven en-masse by retail online retail investors

Bitcoin’s turn: Elon Musk updated his Twitter bio and triggered a surge in the crypto

Twitter boss Jack Dorsey, Reddit co-founder Alexis Ohanian and crypto trader Scott Melker also jumped on the bandwagon

Mohamed El-Erian, chief economic advisor for Allianz SE, admits he failed to consider a few technical details in his crypto trading

El-Erian on bitcoin: Bought at $5,000, sold at $19,000, thinking ‘I was the smartest person around’

The globally respected economist admits he failed to consider a few technical details in his crypto trading

Funds say that Bitcoin investment is limited to a handful of hedge funds and a select cohort of other professional investors

Fund managers slam ‘delusional’ narrative over Bitcoin rally: ‘It’s an interesting asset class, but that’s about it’

The comments come amid reports of growing institutional interest from hedge funds that are trying to catch a piece of the action

Hedge funds overall have struggled to consistently beat returns of equity indexes. Global hedge funds gained 4.49% in November, their best month since 2009, and posted a more than 8% gain in the first 11 months of the year, hedge fund tracking firm Eurekahedge found

Hedge funds ride 2020’s crypto boom to rally 156%

Hedge funds have warmed to cryptocurrencies as bitcoin boomed with a rally that is on track to end the year some 305% higher