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?
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Crime writer Peter James: 'I bought £15,000 of bitcoin to research a Grace novel - it hit £70,000 then dropped but I still sold for £40,000'
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 - as the UK works on its own crypto currency
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.
How do you split crypto with your ex? A divorce lawyer says shock losses can be a minefield for estranged couples
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 project scanning users' EYEBALLS in exchange for crypto raises privacy 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'.
Crypto scams rocketed 58% to £226m in the last year as fraudsters cash in: Here's how to keep yourself protected from the bitcoin bandits
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.
Facebook founder Mark Zuckerberg dumps crypto: 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.
Think your ex has a secret bitcoin stash? A legal expert explains how to hunt one down and the stiff penalties for hiding crypto (and other assets) in a 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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