Bruce Bentley

HIGH street banks are going 'to war' on cryptocurrencies such as Bitcoin after a spike in fraud, reports the Times One bank will use technology to ban several million customers from buying ANY digital currencies, it adds. Ashley Hart, head of fraud at TSB, said: "Platforms and exchanges are rife with fraudsters, and many do not have proper controls to prevent victims losing large sums of monty. "Crypto is a hotbed for fraud and urgently needs greater regulation and consumer protection. "Anyone approached to invest in crypto should be extremely wary." Despite the warning, Dubaicoin saw its value shoot up 1,000 per cent in just 24 hours despite the price of other cryptocurrencies continuing to fall. The city's government has denied any official link, with the authority even claiming it is part of an "elaborate scam". The dramatic price rise came as the value of Bitcoin and other cryptocurrencies such as Ethereum continue to struggle. Mean...

  Choosing the best cryptocurrency is a tricky business, not least because there are so many of them. We all know about Bitcoin and how rich we’d be today if we’d invested in it, say, 10 years ago. But what about all the other cryptocurrencies? There are hundreds if not thousands of them. Many are alternative — supposedly improved — versions of Bitcoin, but others, like Ethereum, are much more than just a currency. The choice is further complicated by what you it is that you want to do with your cryptocurrency: you can buy crypto to hold for a decade or two, or you can buy and sell it hoping to profit off its volatility. Either way, unlike 10 years ago, we now know that it is a legit asset, as big banks, funds, and millions of individuals include crypto in their investment portfolios. What is the best cryptocurrency? So, which is the best cryptocurrency to invest in? It’s hard to recommend investing for the long-term in anything other than Bitcoin and Ethereum at this point, becaus...