uk

Etoro CEO Yoni Assia on Reaching 12 Million Users and Why Cryptos Are a Gateway to Stocks 

Yoni Assia is the CEO and founder of multi-asset trading platform Etoro. The brokerage firm, which enjoys a high profile within the cryptosphere, enables digital assets such as BTC and BCH to be traded alongside stocks, ETFs, and commodities. Juxtaposed between the traditional and crypto investment realms, Etoro has a unique insight into the health...
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Wirex CEO Pavel Matveev Shares Expansion Plans for 2020

International payment and crypto service Wirex has enjoyed a productive year. Over the course of 2019, partnerships have been formed, a native token (WXT) released and the Wirex website and card completely redesigned. With the firm’s reach rapidly growing, CEO and co-founder Pavel Matveev has no plans to rest on his laurels. On the contrary,...
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A Better Alternative to Banking – Club Swan

The crypto community has had a rough relationship with traditional financial institutions with limited solutions available. Around the world, both early and recent crypto users have had bank accounts closed, transactions rejected, unnecessary delays in receiving their funds, or worse. To add to this dilemma, the availability of trustworthy and regulated solutions where both your...
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Crypto, Crypto, Crypto… CEO Says ‘Crypto’ 100K Times For Homeless Charity

The CEO of a digital currency exchange in the UK has set himself an incredibly bizarre challenge. People have been donating to Pete Wood of CoinBurp as he attempts to raise money for a homeless charity by saying the word “crypto” 100,000 times.Wood is live streaming the challenge via YouTube with public addresses displayed for...
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Kraken Enables CHAPS and UK’s Faster Payments Service Support

Numerous cryptocurrency exchanges provide fiat onramps for clients all over the world. One notably absent currency is the Pound Sterling, albeit Kraken is offering extra options in this regard.  It is crucial for any cryptocurrency trading platform to cater to users from all over the world. Kraken Expands its GBP Options Albeit the UK is...
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Tokens.net Seals Partnership With Bitcoin.com as an Official SLP Partner

Simple Ledger Protocol (SLP) is a protocol for token creation on the Bitcoin Cash (BCH) chain, promoting tokenization of assets in a simple and effective way. The Simple Ledger Protocol provides electronic wallets, block explorers, social media bots, token faucets and back-end infrastructure, as well as protocols for token creation and consulting for token resources...
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UK Officials Introduce Streamlined Cryptocurrency Taxation Guidelines

The current legal status of Bitcoin is difficult to gauge in the United Kingdom. A new taxation guidance update shows there is still some confusion to be cleared up. At this time, cryptocurrencies are neither currencies nor securities.  Governments around the world always try to derive taxes from revenue streams. This applies to income tax,...
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Crypto Derivatives Ban: UK Govt Won’t Interfere with FCA Decision

The UK government says it has no power to interfere with any decision by the Financial Conduct Authority (FCA) regarding the fate of crypto derivatives. This report comes amid speculation that the financial watchdog is moving to ban crypto derivatives over investor protection concerns. Meanwhile, several stakeholders have urged the FCA to reconsider its stance...
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UK Govt Official Swats Question on Proposed Crypto Derivatives Ban

The decision over whether to ban the sale of crypto derivative products to retail customers in the UK will be determined solely by the financial regulator. This was the message delivered by Economic Secretary to the Treasury, John Glen, in an answer to a question posed by the Member of Parliament for Shipley, Philip Davies....
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‘No-Deal Brexit Huge Positive for UK Cryptocurrency’ – How Brexit Could Affect the Industry

British lawmakers have voted to postpone a crucial Brexit vote and forced Prime Minister Boris Johnson to ask the EU for an extension. News.Bitcoin.com talked to the CEO of a local crypto exchange to find out the effects a no-deal Brexit could have on the crypto industry. Also read: SEC Wants Second Look at Bitwise...
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Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound

Crypto wallet and debit card service company Cryptopay now offers transfers with the British pound through the Faster Payments Scheme. Crypto wallet and debit card service company Cryptopay now offers transfers with the British pound (GBP) through the Faster Payments Scheme. Cryptopay revealed the development in a news release with Cointelegraph on Oct. 9, specifying...
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Crypto Derivatives Ban Is Not a Good Idea, Says WFE

The World Federation of Exchanges (WFE) has faulted the reported plan by UK regulators to ban crypto derivatives. This message comes after UK’s top financial regulatory body revealed it had concluded deliberations on the matter and may ban trading on crypto derivatives from 2020. Meanwhile, authorities in the UK say crypto scams continue to grow...
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UK Finance Watchdog’s Crypto Investigations Up By 74% in 2019

The number of investigations into cryptocurrency firms by the U.K.’s financial regulator, the Financial Conduct Authority (FCA), have seen a sharp rise in the last year. The Financial Times said on Monday that it had obtained information indicating that the FCA is now looking into 87 firms in the space, either as part of initial scrutiny...
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FCA Cryptocurrency Scam Probes Up 74% in 12 Months

UK regulators are increasingly shinning the spotlight on cryptocurrency businesses to root out bad actors. Combating Cryptocurrency Scams According to The Telegraph, the Financial Conduct Authority has initiated 87 investigations into cryptocurrency businesses over the last 12 months. This figure represents a 74% increase from the number of inquiries recorded as between October 2017 and...
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UK’s First Seized Bitcoin Auction Notes Major Global Interest

When law enforcement agencies target online criminals, there is usually a link to Bitcoin. In several cases, these agencies effectively manage to gain control over criminals’ Bitcoin holdings. Those funds are usually auctioned off to the highest bidder. In the UK, the first such auction took place this week. An intriguing development, primarily because other...
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FCA Pondering Crypto-Derivatives Ban

The UK’s Financial Conduct Authority (FCA) intends to ban crypto-related derivatives aimed at retail investors, according to a recent article published by The Economist. A consultation in this regard ended yesterday, and the verdict will be available early next year. FCA Concerned About Crypto Losses According to the Economist author, the British financial regulator is...
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A Royal Bitcoin Request? Scammers Pray on Britain’s Brexit Fears

Bitcoin has been involved in some pretty brazen efforts to scam people out of money. However, the latest might just be the most ludicrous.A fake letter, apparently from the desk of a member of the Queen of England’s staff, has been reported. In it, her royal highness appeals to the reader to donate Bitcoin to...
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Coinbase Pro Excludes UK And New York Traders After Adding Dash

A new PwC report is in the latest cryptocurrency news, showing that the interest in crypto fundraising is greater and greater as we speak. The majority of fundraising and M&A deals in the cryptocurrency industry are now happening in Asia and Europe – a statistic which shows that these markets are more dominant that the...
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UK Banks Fined $66 Billion For Insurance Fraud; Bitcoin Still Bad?

The arguments as to why bitcoin is superior to the banking system are pretty clear cut to anyone that has used it. A decade ago BTC was conceived to cut out the fatcat middlemen and allow people to transact between themselves. We are not quite there yet, but flaws in the way banks work and...
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Scammer Ordered to Forfeit $1.12 Million Bitcoin in Landmark UK Case

A scammer who sold people’s personal details on the dark web has been ordered to forfeit $1.12 million worth of Bitcoin. Grant West, also known as “Courvoisier “, gathered sensitive information about individuals using a phishing scam targeting a popular online takeaway ordering service and other well-known British retailers.The investigation and subsequent confiscation is the...
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Norwich Teen Hacker Pleads Guilty To Selling Personal Data For Bitcoin

19-year old Elliott Gunton has pleaded guilty to selling stolen personal data for bitcoin on the dark web, at Norwich Crown Court on July 4, 2019. According to the Eastern Daily Press, who reported the case, Gunton is not a first offender, as he had earlier been convicted of hacking TalkTalk when he was 16....
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U.K. Brewery “Brewdog” Announces Option to Buy Stock with Crypto

If you’ve been wondering how to use your crypto to purchase stock holdings in companies, a Scottish brewer might be right for you. UK craft beer company BrewDog announced that investors can purchase shares using crypto. The brewer also extended its crowdfunding round until 2020, in a published statement on its blog. The funding round is...
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Human Trafficking: Ambassadors Put Faith in Technology, Is it the Solution?

John Richmond, United States anti-human trafficking ambassador, and Princess Eugenie of the United Kingdom recently gave their views on how blockchain technology could help in the fight against human tracking, per a Reuters report. While at a conference in Austria hosted by the Organization for Security and Co-operation in Europe (OSCE), multiple experts bemoaned the...
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