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Tag Archives: united kingdom

Binance To Launch Regulated UK-Based Cryptocurrency Trading Platform This Summer

The leading cryptocurrency exchange, Binance, will launch a trading platform in the United Kingdom this summer, a recent report informed. It will allow both retail and institutional investors to use the platform, which will be regulated by the UK Financial Conduct Authority.Binance Goes To The UKAccording to today’s Reuters report, the popular cryptocurrency exchange will begin operations in the UK this summer with up to 65 digital assets initially and more to be added in time.The UK-based...

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Aeternity Co-Founder Launches A €100 Million VC Fund To Invest In Blockchain Projects

€100 million Venture Capital fund focused on blockchain investments called Meta Change Capital (MCC) was launched today. The London-based V.C. fund will focus on investing in the blockchain sector, primarily in underdeveloped markets.€100M V.C. Fund To Invest In BlockchainThe people behind the V.C. fund are Nikola Stojanow and Luka Sucic. Stojanow is an industry veteran as the co-founder of Lichtenstein-based æternity blockchain and creator of A.E. Ventures. Sucic used to serve as the head of...

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Tezos Jumps 6% As Coinbase Extends Staking Services To Some EU Countries

The US-based cryptocurrency exchange Coinbase has extended its staking services for Tezos (XTZ) to users from a few European countries. The price of the asset has increased by nearly 6% since the announcement yesterday.Europeans To Stake XTZ On CoinbaseAs CryptoPotato reported before, Coinbase added Tezos staking in late 2019 for users based in the US. Since then, the company said that customers had earned over $2 million in Tezos staking rewards.Now, the cryptocurrency exchange announced the...

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UK Seizing £150 Million From Dormant Accounts Proves Why We Need Bitcoin

Less than a week ago, the Government of the United Kingdom ‘unlocked’ £150 million from dormant accounts to help tackle the coronavirus pandemic. While it may look like a noble act on the surface, in reality, it reveals that governments, in collaboration with banking institutions and regulations, can easily lay a hand on private property.UK Seizing £150 Million From a Dormant AccountAccording to an official announcement on the website of the UK Government, authority “unlocked” £150 million...

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Popular UK Company Pays $2.3M in Bitcoin To Ransomware Hackers

Ransomware attacks are certainly not something new, but it appears that hackers are getting more and more challenging to deal with. In fact, a well-known UK-based company paid millions in BTC in an attempt to protect its information after suffering an attack of the kind.$2.3M In Bitcoin Paid For RansomTravelex, a London-based company, has reportedly paid nearly $2.3M in Bitcoin to hackers this January. According to The Wall Street Journal, the UK firm has suffered a network malware...

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Report: Transaction of One Bitcoin Consumes More Electricity Than A British Household In 2 Months

A recent report indicated that one transaction involving the largest cryptocurrency uses the same amount of electricity as a British household for nearly two months.98% Of Mining Rigs Never AchieveEssentially, Bitcoin mining is the process of creating new coins and confirming initiated transactions. It’s executed by “miners,” who are solving complicated equations. On average, every 10 minutes, a new block is added to the giant distributed public ledger of already existing transactions,...

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StellarX-Backed London Football Exchange Acquires Majority Shareholder Status of Perth Glory Football Club

In today’s headlines, the London Football Exchange (LFE) has recently announced its participation in a deal to acquire the Perth Glory Football Club (PGFC), 2019/2020 participants in the Australian Hyundai A-League Premiers, as well as the Asian Champions League.According to the recently announced Asset Sale and Purchase Agreement, the LFE has acquired the majority shareholder status of the well-known football club, the PGFC.Although preparations are currently underway, the change of control...

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Amid BREXIT: UK Makes It Cheaper To Start A Cryptocurrency Business

As the country officially left the European Union (EU) on January 31st, 2020, the UK has also taken steps to become more cryptocurrency-friendly. It has amended existing regulations to reduce the registration fees for crypto-related businesses.Encouraging Small Cryptocurrency FirmsThe UK Financial Conduct Authority (FCA), in a newly released document, has restructured the registration fee for crypto companies. The reduction is notable and it could be seen as a way to encourage small crypto...

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U.K. Tax Agency Offers a $130,000 Bounty on Privacy Coin Traceability

The U.K’s taxman clamps down on tax evasion and money laundering. HMRC offers $130,000 for anyone who can trace BTC, ETH, and an array of privacy coins. Will the UK become the next crypto hub? The U.K.’s taxman is looking to crack down on private transactions. HM Revenue and Customs (HMRC), the tax authority for the U.K., has granted a bounty of $130,000 (£100,000) for anyone that can effectively track and identify crypto criminals. But what does this mean for privacy...

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British Crypto Investigations Skyrocket 74% as Watchdog Proposes Derivatives Ban

Investigations into cryptocurrency firms by the UK Financial Conduct Authority (FCA) have surged by three-quarters this year, as the agency tightens the rein on the crypto sector. Scrutiny On the Rise According to research from Pinsent Masons, an international legal firm, active investigations into cryptocurrency firms have surged to a whooping 87 companies in 2019 from just 50 a year prior. Speaking on the rampant increase in scrutiny, David Heffon, a partner at Pinsent Masons, remarked...

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