Victims of $6.2B scam request China’s help with UK seized Bitcoin
Victims of a large investment fraud in China are calling on their government to recover $4.3 billion worth of Bitcoin. This amount was confiscated by the U.K. government in response to a money laundering attempt that failed. Those who have been wronged, through a pressure group have approached China’s Ministry of Foreign Affairs. They look […]
Silicon Valley Bank UK Limited faces insolvency following parent company’s collapse
In a surprising turn of events, the Bank of England (BoE) announced that it will be placing Silicon Valley Bank UK’s subsidiary into insolvency proceedings. This decision was taken following the collapse of the parent company in the US, leaving the UK subsidiary with no option but to cease accepting deposits or making payments. While […]
Coinbase customer data set to be handed to authorities over tax avoidance
British tax authority, Her Majesty’s Revenue and Customs (HMRC) have asked for Coinbase customer data in the U.K., who received over $6,470 in cryptocurrency in the 2018-2019 tax year. The U.S. based crypto exchange firm, however, informed customers in the U.K. that they would be giving their information to the authority. According to Coinbase, they […]
Analyst believes Bitcoin price to retrace before $8500
The king of cryptocurrency Bitcoin BTC is enjoying a bullish raise. On 6th April, following the rebound above $7,000 level, Bitcoin has been holding in the $7,300 region confidently. Whilst the traders seem to be displaying bullish behavior on Bitcoin’s future moves, however; few of them hope that it may go down first. In 4-8 […]
