Tag Archives: united kingdom

Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC.UK Asset Manager Replaces Gold With BTCThe cryptocurrency community has discussed widely in the past few months that some institutions have taken funds out of gold investments and allocated them into bitcoin. While most...

Despite growing in price and popularity in the past few months, bitcoin still far away from receiving attention from the masses. A recent study compiled in the UK concluded that only 10% of the participants had purchased BTC, with Londoners being most akin to bitcoin exposure.10% Of UK Citizens Bought BTCFollowing the latest developments in the cryptocurrency markets when the prices started booming once again, Opinium and AltFi conducted a survey to garner people’s perspective on digital...

The anonymous identity of the creator of Bitcoin remains the most notable mystery within the cryptocurrency field, with numerous speculations on who (or how many) is Satoshi Nakamoto. The latest research on the matter asserted that Nakamoto lived and worked on BTC from London.The Researchers’ MethodologyAlthough the cryptocurrency community has seen a few claims (read mostly Craig Wright) insisting that they are Satoshi Nakamoto, the true identity of this mystery man (or men) is still a...

A 27-year old British citizen had appeared before a local court because of allegations that he had used Bitcoin to send money to help ISIS members escape Syrian prison camps. The man, Hisham Chaudhary, has reportedly been a member of the Islamic State for over four years. Terrorist Prison Breaks Funded By Bitcoin According to the Dailymail coverage, Chaudhary has been an accepted member of the Islamic State since early 2016 – an infamous terrorist organization banned under UK...

Ripple has expressed dissatisfaction over the regulatory uncertainty surrounding cryptocurrencies in the United States. Apart from this, the San Francisco-based firm has also decided to act. By moving out of its home turf. But where will Ripple move next? Here are the relocation options. Ripple’s Asia Options: Japan, Singapore & the United Arab Emirates When Ripple’s co-founder and Executive Chairman Chris Larsen threatened to move out of the United States over the...

Russian billionaire and owner of two giant UK newspapers Alexander Lebedev is looking into launching his own DeFi project. Dubbed The Independent Decentralized Financial Ecosystem (or bank 2.0), it aims to serve as a better performing bank, which benefits all participants.Lebedev Explains The Current Banking ProblemsLebedev, the owner of the UK-based London Evening Standard and The Independent, recently used the latter to publish a post regarding the issues within traditional finance and the...

Before implementing the ban on cryptocurrency derivatives sales in the UK for retail investors, the FCA asked over 500 firms, trade bodies, and competent authorities on their opinion. Interestingly, the results decisively concluded that 97% of all participants didn’t agree with the prohibition.97% Oppose The FCA Crypto Derivatives BanUK’s watchdog, the Financial Conduct Authority (FCA), initially proposed prohibiting the sale, marketing, and distribution to retail clients of cryptocurrency...

A recent study compiled with government authorities and regulators concluded that they still view the cryptocurrency industry as a significant risk source. Those establishments raised concerns regarding the field’s self-regulation and the number of illegal activities funded by digital assets.Unsurprising: Regulators Worried About Crypto RegulationsThe UK’s oldest defense and security think tank, the Royal United Service Institute (RUSI), published the study dubbed Cryptocurrency Risk &...

The UK Financial Conduct Authority, responsible for financial regulations in the country, is looking to introduce further legislation that includes cryptocurrency firms.Such companies operating on the island may need to submit annual reports on how they deal with financial threats and crimes.UK FCA Explores Further Crypto RegulationsIn its latest consultation report, the watchdog noted that in July 2016, it introduced an annual financial crime report obligation for specific firms. By...

The UK Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges. Those are the UK-based digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini.Archax Regulated By The FCAAs announced yesterday, the UK Archax platform became the “first-ever FCA regulated digital securities exchange and custodian” in the country. Consequently, digital issuances from across the world will be able to trade on an FCA authorized secondary market....