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Why are cryptocurrencies seeing a boost after Trump's victory?

Bitcoin jumped in value following the news that Donald Trump had won the US election, as investors in the digital currency backed a boom in the so-called ' Trump trade ' that followed his victory. Unsurprisingly, Bitcoin is the currency that is hitting the headlines, but the rest of the crypto market also benefitted from Trump taking the White House, with 18 of the top 20 cryptocurrencies by market cap rising over the past few days. Trump was undoubtedly the more crypto-friendly of the two candidates, but what are his plans for the industry?

HMRC will also soon start automatically receiving information about individuals' trading activities from crypto platforms.

Having reached a record high price of $69,000 in late 2021, the cryptocurrency's value subsequently plunged by over three-quarters in the following 12 months.

Peter James: 'I bought £15k of bitcoin to research a Grace novel and sold it for £40k'

Award-winning crime writer Peter James has sold 21 million books. The 75-year-old author grew up in Brighton with his sister Genevieve and parents Cornelia and Jack - former glovemakers to Elizabeth II. His books are set in the resort and have been turned into the hit ITV drama series, Grace, starring John Simm. James tells York Membery how the series - for which he gets seven per cent of the overall profits - has boosted international sales of his books. He lives in Jersey with second wife Lara, 44, and their two dogs, Wally, a goldendoodle, and Spooky, a labradoodle.

MPs warn Britcoin could cause severe financial damage

A Treasury Select Committee report warned the Bank of England about concerns they had over a state-backed digital currency. These include fears that the UK may be more susceptible to bank runs in times of economic uncertainty if customers are able to switch large amounts of deposits into the digital currency. There is also a risk of higher interest rates on lending as banks attempt to make up for lost deposits from savers who will shift their cash to digital pounds.

Mishcon de Reya, whose clients have included Princess Diana, is planning a class action lawsuit in the High Court, we can reveal.

Alice was scammed into handing over £16,500 to scammers, and has been left penniless after hoping to make a bit of extra cash. We reveal ow the scam unfolded.

How do you split crypto with your ex after shock losses?

If you or your ex-spouse holds crypto, deciding how to divide it has pitfalls, and some issues have not yet been tested in the courts, explains solicitor Jessica Rush, pictured. She explains the options open to couples, whether the partner who bought it can be made to bear the losses, and how crypto is valued when markets are so volatile.

What is Worldcoin? ChatGPT founder's crypto project has raised security concerns

OpenAI's CEO, Sam Altman, who built ChatGPT, launched a new project founded on Monday known as Worldcoin which gives users digital coins for scanning their eyeballs. Worldcoin, which was founded in 2020, aims to create a new 'identity and financial network' which will use biometric verification such as facial recognition or iris identification and in return gives each user a 'World ID' which will differentiate humans from AI. This test is can be done by users taking an iris test and scanning a silver ball known as the Worldcoin 'Orb'.

Today the Treasury Committee has published a report into unbacked cryptoassets, finding that they pose risks to consumers given their price volatility and the risk of losses.

Fraudsters cash in on crypto as returns from investment scams jump by 58%

Cyber criminals are increasingly exploiting interest in cryptocurrencies to scam investors and prey on British pension pots new research has revealed. Crypto scammers have seen their returns grow by more than half in the last 12 months, according to cybersecurity company NordVPN. Total losses from UK investment fraud involving fake digital currencies, websites, apps or funds has risen to more than £226 million in the year to May 2022 - up from the £143 million lost during the 12 months before that.

With bitcoin down 70% since its all-time high close to $70,000 in November, a slight recovery back towards $20,000 did little to settle nerves.

Meta pulls the plug on its crypto payments wallet amid bitcoin crash

Meta is closing down its cryptocurrency digital wallet Novi less than a year after its launch, effectively ending the company's crypto ambitions. The closure comes amid a harsh crypto downturn. The crypto market has proved just as vulnerable to the global economy's wider issues leading to some market commentators to declare the arrival of a crypto winter.

More than 25,000 believers from across the world descended on Miami Beach last week for what was billed as a 'four-day pilgrimage' - as did sceptic Ben Wilkinson.

The Treasury said they intended to adjust the UK's legislation to bring stablecoins 'within the payments regulatory perimeter'.

What can I do if my ex is hiding crypto stash from me during divorce?

Luckily most people who invested in crypto love to boast about it, says lawyer Toby Yerburgh of Collyer Bristow. He explains what to do if you are getting divorced and one partner (or both) owns crypto. 'Tell-tale signs of crypto ownership may be found in bank statements where payments have been made to coin exchanges, in chat rooms where your spouse may have discussed their latest purchases and in your spouse's browsing history on the family PC,' he says.

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