UK CBDC by 2025?
The Bank of England believes that they need to create a CBDC, with a pilot potentially available by 2025.
Revolut Launches Crypto Staking
UK and EEA customers will be able to stake certain crypto assets such as DOT and ETH using Revolut.
UK Financial Conduct Authority Warns Crypto Companies
UK regulator warns crypto asset firms marketing to UK consumers that they will need to comply with the new UK financial promotions regime.
LevelField to Become an FDIC-Insured Bank to Offer Bitcoin Services
LevelField Financial is to acquire Burling Bank to offer customers a full-suite of traditional and digital asset products and services, whilst FDIC-insured.
Celsius Examiner Report Is Out
The Examiner reports that “The business model Celsius advertised and sold to its customers was not the business that Celsius actually operated.”
Celsius and Alex Mashinsky lacked adequate risk management practices and mislead customers about its business practices and financial health.
What are Crypto Wallets?
Crypto wallets include hot and cold wallets and store the public and private keys required to buy crypto and provide digital signatures that authorize each transaction.
Golden Rules of Crypto Investing
Don’t invest more than you can afford to lose
Nothing on exchanges
Don’t use leverage
Assume everything is a scam
Money is made in bear markets
Take profits