Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says ‘It’s G...
Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm. Former British Chancellor of the Exchequer Warns About Investing in Cryptocurrency Former British Chancellor Lord Philip Hammond has reportedly urged investors to be “extremely cautious”....
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Hammond was a UK Conservative MP for 22 years until a Brexit-fuelled uprising left him and others omitted from the party two years ago. Former Chancellor of the Exchequer in the United Kingdom, Lord Philip Hammond, has joined cryptocurrency custodial group Copper as a senior advisor with the ambition of “promoting the UK as a Global leader in digital asset technology.”The London start-up firm, which provides custodial and infrastructure services in the digital asset sector, reportedly facilitates over $50 billion in transaction value per month for in excess of 400 institutional clients.....
Source: ElsaHammond.com. Rower Elsa Hammond is planning to row her way through part of the Pacific Ocean from Monterey Bay, California to Hawaii. It's a a 2,800-mile journey, and it'll all be propelled with Hammond's own body strength. In preparation, Hammond needs to raise £100,000 (or just over $160,000 USD) to make the journey happen. As such, she's decided to accept bitcoin donations. As of this writing, Hammond has managed to raise 6.41174 BTC to her donation address, nearly $4,000 USD. Blockchain.info has even joined in on the fun, becoming one of Hammond's sponsors. Excess funds....
The former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading. A former Chancellor of the United Kingdom has raised concerns the country is slipping behind its rivals in the European Union when it comes to the regulation of crypto.Philip Hammond, who served as the U.K’s Chancellor of the Exchequer from 2016 to 2019 told Bloomberg that there has been a distinct lack of direction and cohesion when it comes to crypto policy. “Particularly in the area of digital asset trading, I feel that the UK has missed a trick [...] We are getting very....
If Bitcoin rises from the current level, it could boost the price of MATC, NEAR, ATOM, and HNT in the short term. After staying above $50,000 on Christmas day, Bitcoin (BTC) faced selling pressure on Dec. 26. One of the reasons for the possible dip in Bitcoin’s price is the increase in inflows to the Binance exchange. Data analysis account Material Scientist said that Binance’s inflows could be due to “a new player.” Although Bitcoin is almost certain to miss PlanB’s floor model price projection of $135,000 for December, the creator of the stock-to-flow price model remains bullish. He said....
The CEO of global investment bank JPMorgan has warned investors about investing in cryptocurrency. “Cryptocurrency has no intrinsic value. You are basically buying a token,” he said. “I would be very careful.”
JPMorgan Boss Jamie Dimon Warns About Investing in Crypto
JPMorgan Chase and Co’s (JPM.N) chief executive officer, Jamie Dimon, shared his thoughts on the U.S. economy, inflation, China, and cryptocurrency in an interview with CBS Boston, published Wednesday.
He was asked whether young people should invest in crypto in....