The Financial Conduct Authority says crypto investors lost approximately $34 million from scams last year. The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018–2019 the Financial Times reports on May 20. According […]
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Calastone announced that it switched its entire system for fund trade clearing services to its blockchain infrastructure. London-based global funds network Calastone announced that it switched its entire system for fund trade clearing services to its blockchain Distributed Market Infrastructure (DMI) in a press release published on May 20. Per the release, the migration of […]
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The United Kingdom Jurisdiction Taskforce started a public consultation to develop a basis for the mainstream use of crypto. A British government-led jurisdiction team has launched a public consultation to determine the status of crypto assets under English private law, according to an official statement on May 9. In the document, the United Kingdom Jurisdiction […]
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In a new speech, High Court Chancellor Geoffery Vos highlighted the concept that neither crypto nor smart contracts were going away. One of the United Kingdom’s most senior lawyers said in a speech on May 2 that cryptocurrency and smart contract use will inevitably begin, but regulations are needed. Addressing the University of Liverpool School […]
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Three blockchain-focused firms are among the latest 29 companies accepted into the U.K. financial watchdog’s regulatory sandbox. The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29. Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing […]
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Dave Ramsden said that crypto assets are too volatile to be a store of value. Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an interview with CNBC published on April 30. Bank of England […]
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London-based West Ham United is partnering with blockchain platform Socios.com to launch a fan token. London-based West Ham United — a soccer team that plays in the United Kingdom’s Premier League — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. The news was revealed in a press release shared with Cointelegraph […]
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The teenage rapper, who has tens of millions of fans on social media, is now accepting Lightning Network payments for merchandise. American rapper Lil Pump has started accepting bitcoin (BTC) payments through his merchandise store Unhappy, according to his website. Fans of the 18-year-old, known for his catchphrase “Esskeetit” and his most recent album Harverd […]
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63% of Europeans are confident that crypto will still exist in 10 years, according to a survey from bitFlyer. 63% of Europeans are confident that crypto will still exist in 10 years, according to new research from bitFlyer. London-based fintech publication FStech reported on the survey on April 24. Tokyo-based crypto exchange bitFlyer, which was […]
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A major travel management firm in the United Kingdom has partnered with BitPay, which will allow it to accept bitcoins as payment. Corporate Traveller, the largest travel management firm in the United Kingdom, is now accepting Bitcoin (BTC) for payments, according to a press release on April 15. A newly announced partnership with crypto payments […]
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