Category: UK

Wikileaks Bitcoin Donations Soar Following Assange Arrest

Wikileaks' Bitcoin Donations Soar After Arrest of AssangeWikileaks’ bitcoin address has received a deluge of support following founding editor Julian Assange’s arrest. Donations have reached nearly $32,000 on Friday, 60% more than was raised the day before, when Assange was taken into custody. Also read: How Traditional Stock Markets Can Help Mainstream Cryptocurrency BTC Donations Reach $32,000 More than 6.3 BTC worth […]

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How the EU and 5 European Nations Regulate Cryptocurrency

How the EU and 5 European Nations Regulate CryptocurrencyLeading up to the G20 summit in June, the Financial Stability Board has detailed how the European Union and its member countries are regulating crypto assets, who the regulators are in each country and the scope of their oversight. In most cases, crypto assets are overseen by several regulators. Also read: Indian Supreme Court Postpones […]

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New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

New Crypto-Friendly Banking, Payment Services Offered in the UK and RussiaTwo companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. Developers say they will give crypto companies the peace of mind they need to focus on their core activities […]

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P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

P2P Markets: Russian Localbitcoins Trade Outpaces VenezuelaDuring the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51.51 million worth of trade. Of that, 3,593 was BTC traded via the Russian markets, 83 percent more volume than was produced by Localbitcoins’ second-largest market, Venezuela. Also Read: Turkish Real Estate Agency Sells 9 Houses […]

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UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency

British Regulator: 3% of UK Consumers Surveyed Had Bought CryptoassetsThe U.K.’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers. Also Read: In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina 3% of Brits Report Buying Crypto Assets The number of […]

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Platform for Crypto Payments to Bank Accounts Launching in the UK

Platform for Crypto Payments to Bank Accounts Launching in the UKA company based in London has announced it’s launching a payment service that can help increase the mainstream adoption of cryptocurrencies. It allows users to send or spend digital coins which are converted and then transferred in the form of fiat money to the recipient’s bank account. Also read: ‘Bitcoin to the Moon’ Signs Appear […]

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State Treasurer: Ohio Companies Now Paying Tax in BTC

Ohio Companies Now Paying Tax in BTC, Says State TreasurerTreasurer in the U.S. state of Ohio Robert Sprague has revealed that at least two companies have paid their taxes using bitcoin since the state launched its cryptocurrency payment platform in December. Sprague did not disclose details pertaining to the amount or companies involved, citing confidentiality. Also read: Liechtenstein Bank Creates Cryptocurrency Trading Platform for […]

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Kraken Acquires British Derivatives Platform Crypto Facilities

Kraken Acquires British Derivatives Platform Crypto FacilitiesCryptocurrency exchange Kraken has acquired Crypto Facilities, a British digital asset trading platform and index provider, in an undisclosed “nine-figure” deal. The acquisition means that Kraken will now be able to offer both spot and futures trading in bitcoin core, bitcoin cash, ripple, litecoin and ethereum while boosting revenue by attracting institutional customers. Also read: Cryptocurrency […]

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Pavel Durov Closes UK-Based Company Telegram Messenger LLP

Pavel Durov Closes UK-Based Company Telegram Messenger LLPRussian-born entrepreneur Pavel Durov is liquidating Telegram Messenger LLP, the Britain-based company behind the popular messaging service Telegram. The same entity is registered as the messenger’s operator in the Russian Federation, where Telegram is currently banned. Also read: 5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation Application for Voluntary Strike Off Filed in […]

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UK Crypto Ventures Raised Over $255 Million VC Funding in 2018

UK Crypto Ventures Raised Over $255 Million VC Funding in 2018Brexit and the sharp downturn in the cryptocurrency markets have not been able to stop the growth of the British crypto industry. End of year figures show that crypto-related companies in the United Kingdom have raised a total of over £200 million ($255.2 million) in capital venture funding during 2018. Also Read: Banking Agency Advises […]

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The Daily: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in London

The Daily: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in LondonIn today’s edition of The Daily we cover reports that Robinhood is working under the radar to hire staff in London for an expansion into the U.K., an auction of seized cryptocurrency in Northern Ireland, and comments from the founder of Fortnite developer Epic Games about rumored cryptocurrency partnerships. Also Read: Mckinsey: Despite Billions of […]

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67 Cryptocurrency Companies Probed by UK Regulator

67 Cryptocurrency Companies Probed by UK RegulatorThe U.K.’s Financial Conduct Authority (FCA) has reportedly provided an update of its investigations of crypto companies. A total of 67 inquiries were launched, 49 of which have been closed, leaving 18 businesses currently under investigation. The UK government has reportedly said it is ready to give power to the FCA to regulate the crypto […]

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Report: Over 300 British Blockchain Companies Shut Down in 2018

Report: At Least 340 UK Crypto Companies Shut Down in 2018The demise of 2017’s cryptocurrency bull market, the rapid collapse of ICOs, and the fizzling out of corporate blockchain hype have made 2018 a challenging year for many startups operating in the crypto sector. A new report from the U.K. helps quantify the global slowdown. Also Read: Spot Develops New Bitcoin and Cryptocurrency Portfolio App […]

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Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass Banks

Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass BanksBefore cryptocurrencies started to be widely used for speculation, they were first of all meant to be an unstoppable method for people to control their own money. A new example that this is still a needed use case comes from the U.K., where Iranian students have to bypass the banking system which they can no […]

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Google Trends Reveals One of the Top Questions of 2018 — ‘What Is Bitcoin?’

Google Trends Data Reveals One of the Top Questions of 2018 — What Is Bitcoin?Google has just published its annual Year in Search query statistics for 2018 and the biggest question of last year was “What is Bitcoin?” According to Google Trends, searches for the term “Bitcoin” have declined rapidly since 2017, but web users querying its definition led internet searches last year. Also read: Indian Supreme Court Moves Crypto […]

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This London Taxi Driver Sells Cryptocurrency to Passengers

This London Taxi Driver Sells Cryptocurrency to His PassengersIf you hail a taxi in downtown London, you could wind up paying for more than just your fare. Pseudonymous cab driver Dave Jenkins is known as the Crypto Cabbie because as he drives passengers around London he provides the ability to purchase BTC. Also read: Only Five Bitcoin Mining Devices Released in 2018 Are Profitable […]

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UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use

Christopher Woolard of the United Kingdom (UK) Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit adoption of crypto assets amid increased adoption among local businesses and consumers. Despite announcing increased regulatory action regarding illegal use of crypto, Woolard stated he does not view crypto assets as […]

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Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading

Trade.io Acquires Brokerage Primus Capital Markets, to Offer Bitcoin-Backed Forex TradingTrade.io, a cryptocurrency exchange and investment company, has acquired British brokerage firm Primus Capital Markets Ltd for an undisclosed amount. The new subsidiary is to start trading foreign currency using digital assets as base currency under a new name, TIO Markets. Initially, customers will be able to make deposits and withdrawals in bitcoin core, ethereum, […]

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UK Government Moots Ban on Cryptocurrency Derivatives

Report: U.K. Government Moots Ban on Cryptocurrency DerivativesThe U.K. government is considering a ban on cryptocurrency-linked derivative products. The Financial Conduct Authority said in a report on Oct. 29 that it will begin consultations on whether to ban the sale of derivatives based on digital coins like BTC as well as to restrict crypto-based contracts of difference to the public. Virtual currency […]

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Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250M

Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250MIn recent news regarding cryptocurrency exchanges, a member of the British Parliament has quit his role with a cryptocurrency exchange just four days after joining the company, analysts have estimated the daily volume of the over-the-counter (OTC) cryptocurrency markets to be $250 million, and Poloniex’s new terms of use have banned residents of Germany, China, Pakistan, […]

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Emma Integrates Crypto Exchanges into Money Management App

UK Money Management App Emma Adds Cryptocurrency Exchange IntegrationEmma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of “financial advocate” service, is designed to help millennials gain a better understanding of their finances. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage New […]

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Nigerian Startup Kubitx Launches Bitcoin Exchange in Beta

Nigerian Startup Kubitx Launches Bitcoin Exchange in BetaKubitx, a Pan-African financial technology startup registered in Malta, announced the beta launch of its new cryptocurrency exchange on Thursday. The platform, which supports six digital coins, including BCH and BTC, will initially be available to users in Nigeria, before the company expands it to other African countries in the coming months. Also read: Billion-Dollar Startups […]

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London’s LBX Launches Solution for Bank-Shunned Crypto Companies

London-Based LBX Launches a Safeguarded Accounts Service for Third Party PaymentsCryptocurrency businesses that have faced difficulties in securing banking services in the UK now have a new option. LBX has launched a new service offering access to an account where clients can store, manage and transfer both their fiat currency and cryptocurrency holdings. Also Read: Mobile SMS Bitcoin Cash Wallet Cointext Expands to Asia “LBX […]

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Brewdog Brand Welcomes Bitcoin Cash

Brewdog Brand Welcomes Bitcoin CashOne of Britain’s best known breweries is welcoming Bitcoin Cashers to its new bar. Scottish firm Brewdog, which boasts of making “beer for punks”, will be giving away £3,000 (US $4,000) at the opening of its Canary Wharf bar on October 19. The bar will be accepting BCH (and BTC) as payment, funded with the […]

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