CBDC: UK is set to explore a digital pound
TL;DR Breakdown The UK government is set to research a potential CBDC, together with the Bank of England. An exploratory taskforce for CBDC is being launched between BoW and the UK Treasury. The United Kingdom has become the latest developed nation to announce interest in exploring a potential central bank digital currency, which might be […]
Survey: 30% of UK investors feel they ‘missed the boat’ on Bitcoin
TL;DR Breakdown Some UK investors feel they’ve missed the Bitcoin boat. About 25 percent of 2,000 investors surveyed said they would have made over $1.4 million from Bitcoin in 2020. The largest cryptocurrency, Bitcoin (BTC), has seen a significant surge in market value over the past year, and some UK investors don’t plan to invest […]
UK police appoint Komainu to custody seized cryptos
TL;DR Breakdown: Komainu has been appointed to provide custody service for cryptos seized by UK police. The development will help the police to properly handle cases involving crypto. The UK law enforcement authority has entered a new agreement with an institutional-grade crypto-assets custodian, Komainu, to store digital currencies confiscated during the course of investigations. As […]
Bitcoin scam: Residents in Cumbria are losing over $270k in investment scams
TL;DR Breakdown: Residents in Cumbria are losing over $270,000 in Bitcoin scams. The local authorities have warned residents to avoid such investment schemes. Bitcoin became an attention-grabbing asset following the recent parabolic rise of the value from below $20,000 to as high as $40,000 within one month. However, this has also provided scammers an opportunity […]
FCA extends deadline for crypto companies awaiting approval
TL;DR Breakdown: The UK regulator, FCA, has reportedly extended the operation deadline for crypto companies to the country, awaiting approval. Through the extension, the regulator would get more time to assess the applications. Crypto companies in the United Kingdom (UK), that already filed for registration with the country’s monetary regulator, Financial Conduct Authority (FCA), will […]
British investors are 38 times more interested in buying Bitcoin
TL:DR Breakdown: British investors have developed more interest in holding Bitcoin, following the growing price of the crypto. Sterling to Bitcoin trading has increased by 38 times, compared to the record last year. Since the past year, interest in Bitcoin (BTC) among British investors has increased notably, as the price of the leading digital currency […]
Ripple coin could be Brexit trade solution
Britain is scrambling to not end up in a no-deal situation, but the Ripple coin might be its solution. Today, Prime Minister Boris Johnson confirmed that what the EU was offering was not realistic in EU-Trade talks. The deadline for the UK to negotiate an EU deal is the 31st of December, which means the […]
Binance exchange is terminating its BGBP stablecoin
TLDR Breakdown Binance exchange is planning to terminate support for the BGBP stablecoin. The stablecoin is pegged 1:1 to the GBP stablecoin. Binance exchange to terminate its BGBP Stablecoin Leading cryptocurrency exchange, Binance has announced its plans to terminate support for BGBP, a stablecoin pegged to the GBP, the official currency for the United Kingdom, […]
Belfast authorities prepare to auction 47 Bitcoin and Gold
The Belfast government is planning to auction about 47 Bitcoins and other luxury items online. They were seized by law enforcement officers across the United Kingdom. Authorities in Belfast, the capital city of Northern Ireland (a part of the United Kingdom), is preparing to auction a whole of luxurious items, including cryptocurrencies, according to a […]
Archax seed round: FCA-regulated firm raises $8 million
Cryptocurrency exchange platform Archax conducted a funding round raising funds from a number of crypto venture and trading companies. Archax seed round actually raised more funds than it initially aimed for. The seed round was extended to facilitate the increased demand of the project. Archax seed round Archax is an upcoming cryptocurrency exchange platform that […]
FCA crypto derivatives ban may slightly affect UK market, experts claim
Crypto companies in the UK claim FCA’s announcement will slightly affect their business. Many of the traders might even shift to offshore exchanges to trade cryptocurrency derivatives. Many cryptocurrency enthusiasts were saddened by the recent announcement from the UK’s Financial Conduct Authority (FCA), which informed about the prohibition of crypto derivatives sales to retail digital […]
UK regulator, FCA bans crypto derivatives trading for retails
Starting January 6 2021, retail cryptocurrency traders in the United Kingdom (UK) will be prohibited from accessing crypto derivatives products, in an effort to protect the investors from possible risks associated. This comes as the final regulations of the country’s financial watchdog, the Financial Conduct Authority (FCA), concerning this product. The regulator also blacklisted the […]
Gemini exchange now available for UK crypto investors
Gemini exchange has launched in the UK. The exchange will serve both retail and institutional investors. This follows the recent EMI license awarded to the company by FCA. Cryptocurrency investors in the United Kingdom (UK) will now be able to access Gemini’s suite of digital currency services. The cryptocurrency exchange said in a press statement […]
ADD.XYZ collaborates DIA to decentralized data oracles on its DeFi platform
ADD.XYZ is relaunching its DeFi platform in collaboration with DIA The plan is to move it from an API-based to oracle-based solution DIA will provide their DeFi-centric data feed solution ADD.XYZ has announced the collaboration with DIA. This partnership should deliver decentralized data oracles to on its DeFi platform. The main goal is to power […]
FCA lists Gemini as the second UK registered exchange
Hours ago, reports noted that the Financial Conduct Authority (FCA) listed its first UK registered exchange, Archax. A glance at FCA’s ‘Registered Cryptoassets Firms’ today shows that Gemini, the United States cryptocurrency exchange is now the second exchange to have registered in the country. The companies’ registration is aimed at ensuring compliance with the UK’s […]
Milestone: Bitcoin ATMs nears 9,000, makes over 68% YoY increase
Bitcoin ATMs are being installed across the world at an increasing rate. The growing number of these machines shows how easier it has become for people to buy Bitcoin at convenient locations. Interestingly, there were only two Bitcoin ATMs as of October 2013; however, the number has surged to nearly 9,000 as of today. 8,936 […]
Opera crypto wallet activated for UK users
Following the launch of Opera crypto wallet in America, Europe, and Mexico earlier this year, the web browser has launched it’s integrated crypto browser into the UK. With the Opera crypto wallet launched in the UK market, users can now purchase cryptos directly through bank accounts or digital banking app Revolut. Before the launch, around […]
Opera crypto service opens to users in the UK
Popular Norwegian web browser, Opera, has announced today that it is expanding its cryptocurrency wallet top-ups to include users in the United Kingdom (UK). The Opera crypto service has been for users in mainland Europe, and the United States. Opera has seen increased activities in the crypto service so far. Opera crypto service expands to […]
Crypto Facilities secures first-ever UK crypto derivative MTF license
Crypto Facilities, a Kraken subsidiary, has secured crypto derivative MTF license granted by the United Kingdom’s Financial Conduct Authority. It is the only entity to secure a Multilateral Trading Facility (MTF) license giving it a monopoly with regards to the institutional crypto derivatives trading market. 📣 *ANNOUNCEMENT* @KrakenFutures becomes the first licensed crypto futures venue […]
UK crypto adoption surges research reveals, 4 percent residents own Bitcoin
Recent research carried out by the Financial Conduct Authority (FCA), revealed that UK crypto adoption is on the rise with 1.9 million people, 3.86 percent of the nation’s population owning the digital asset. More people have traded cryptocurrency in the country recently as digital assets have been changing hands very often. According to the FCA […]
UK police uncover $2M worth international drug operation
UK police have uncovered a multi-million dollar drug operation conducted by a former KFC worker, Paul Johnson, who also happens to be a dark web seller, Harborough Mail, reported on Monday. The UK police were shocked when they found out that an imprisoned ex-KFC employee, who pretended to be a humble tea trader, had $2.29 […]
Coronavirus crypto scammers turn attention towards remote workers
With the continuous ravage of the coronavirus pandemic and its role in surging numbers of crypto scams, coronavirus crypto scammers have now turned their attention and ramped-up attack on remote workers. The pandemic since its outbreak in the world has left a lot of people jobless and many others forced to work from home to […]
Crypto COVID-19 donation scams: Beware of NHS infected emails
Action Fraud (AF), a fraud and cybercrime reporting center in the United Kingdom, has come out to denounce scammers impersonating National Health Service (NHS) soliciting crypto COVID-19 donations. Crypto COVID-19 donation scams modus These scammers send fake infected emails impersonating NHS workers, usually to get crypto COVID-19 donations. Reportedly, these emails are infected with bitcoin […]
Pnxbet Live eSport is sports betting new kid on the block
Pnxbet live eSport is the latest to enter into the sport betting industry months after the coronavirus pandemic hit the globe. This has forced many into isolation and online gaming becoming a major pastime. With crypto influence in the gaming and coronavirus forcing many to stay indoors, the timing is just right. However, the gaming […]
Lukka launches Lukka Library to simplify crypto taxation
Cryptocurrency software and data management solutions company Lukka recently unveiled a brand new Lukka Library, dedicated to simplifying and untangling the cryptic world of crypto taxation. Anyone who owns a cryptocurrency knows that navigating through crypto taxation could be stressful and tricky. And while cryptocurrencies are no longer referred to as bogus, it is also […]
Bitcoin blackmail cases in UK hit all-time high with 562 cases, report
Recent research conducted by the Parliament Street reveals that the British police have received at least five hundred and sixty-two Bitcoin blackmail complaints in the past two years, implying that the concerns surrounding the Bitcoin ransomware could be much more ubiquitous than we anticipated. There is no doubt that Bitcoin blackmail and extortion cases are […]
FCA warning list now features nine new fintech and crypto firms
The updated FCA warning list released by the UK’s Financial Conduct Authority (FCA) on Monday featured the names of several new fintech and crypto firms, and specifically issued an advisory against an imposter of Ignis Markets, an FCA-authorized agency. The UK’s official conduct regulator for over fifty-eight thousand financial services firms has released the details […]
