Is cryptocurrency a good investment? Times Money Mentor

Crypto currencies continue to fall even when stock prices have recovered, and it's also possible that all of your funds could disappear if you pick the wrong place to put them. So, it's important within the crypto space to never bite off more than you can chew. The most regular scam is when someone creates a seemingly valid new how to make money with cryptocurrency and encourages people to invest in it. Once they’ve taken the money, the company will shut down and those initiating the scam will leave with the money.


Both sides in the Russia-Ukraine war are turning to cryptocurrencies. Saloni Sardana looks at the case for digital cash in times of war.

Regulators struggle to corral elusive crypto assets

This is the first study to systematically investigate key cryptocurrency industry sectors by collecting empirical, non-public data. The study gathered survey data from nearly 150 cryptocurrency companies and individuals, and it covers 38 countries from five world regions.

The timescales for this work have not yet been determined but is not expected to take effect before 2023. Cryptoassets are complex and volatile products that are also becoming increasingly popular and widespread in the UK. Because of the risks and complexities involved, advertisers of cryptoassets must take particular care to ensure they do not mislead consumers and are not socially irresponsible in the way they promote them. Some cryptocurrencies use a different kind of blockchain that doesn’t have the same environmental cost as it doesn’t rely on the same perpetually increasing amount of energy from miners.

Bank of England

Just set your buy and sell trigger and Skrill automatically converts your balance. You should also familiarise yourself with the Cryptocurrency Risk Statement. Your use of the Skrill Cryptocurrency Service is subject to the Cryptocurrency Terms of Use. Please note that the Skrill Cryptocurrency Service is not regulated by the Central Bank of Ireland. The FSCS is a lifeboat arrangement which comes to consumers rescue in the event of a financial calamity such as a provider going bust. Investment in any crypto asset is speculative and your capital is at immediate risk. Your will have no recourse to compensation if something goes wrong.

Others are used to create new types of financial application, or swap value between various digital currencies. Cryptocurrency firms may also be overstating how much investors could receive from investing in crypto, while minimising the risks. In November 2021, around £1 million–worth of cryptocurrency scams were being reported to Santander UK by its customers each month.

Owning both bitcoin and gold has proved a winning strategy – will it continue?

On the surface, anyone with access to a computer can "mine" for cryptocurrency, and with the value of single crypto tokens potentially being worth thousands of pounds, anyone can – in theory at least – become very wealthy. For children who’ve grown up in a digital world, the idea of a non-physical currency is probably something they’ve already got to grips with through playing online games. Many young people are turning to cryptocurrency as a way of making money and a US summer campeven offers an introduction to crypto-trading for children aged 5 to 17.

A huge increase on nine years ago, but some way off the all-time high of nearly $68,000 it achieved towards the end of 2021 . This ‘mining’ requires huge volumes of computing power and thus uses significant amounts of energy. Environmentalists have warned that the proliferation of cryptocurrencies could have a significant impact on global attempts to reduce energy consumption. Blockchain first came to prominence as the technology that underpinned Bitcoin when the cryptocurrency was originally mooted in a paper on peer-to-peer electronic cash systems in 2008. Only a limited number of Bitcoins actually exist – cryptocurrencies are likened to a digital form of an asset such as gold, where a perceived store of value is then subject to the laws of supply and demand. Cryptocurrencies can be bought with traditional cash such as sterling and can then be used themselves to buy an expanding array of day-to-day goods and services. Cryptocurrencies have the same value in each country, making person-to-person transfers around the world easier, while negating the issue of exchange rates.

CAF's evidence to the 2018 Treasure Committee Inquiry into Digital Currency

Listen as Withers’ cryptocurrency lawyers in the US, Europe and Asia share insights to help listeners navigate their cryptocurrency-related questions during this exciting and evolving time. The blockchain is the decentralised, shared public ledger at the heart of Bitcoin and other cryptocurrencies, but it also has far wider applications. This leads to the idea that in the future, ‘smart’ domestic appliances could become ‘AI philanthropists’.


Crypto has since gained a bit of a ‘get rich quick’ reputation. While most cryptocurrencies are similar in the fact they are based on a decentralized system and make use of the same blockchain technology, they do also have some differences. The regulatory uncertainty that surrounds bitcoin, and cryptocurrency in general, is one of the reasons so many investors discount it entirely. Some new cryptocurrencies are intended to replace traditional currencies such as pounds or dollars.

Author: Terence Zimwara

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