The U.S. stock market declined sharply on Thursday after the Bank of England (BOE) slashed its growth outlook for 2019, citing underlying risks tied to Brexit. The United Kingdom is struggling to carve out a clear exit strategy from the European Union …
By CCN.com: As the eurozone economy slows down and the European Central Bank (ECB) run out of ways to fuel the market, market strategist Russell Napier has said the euro may be in trouble. Speaking to FT, the analyst firmly stated that the global monet…
By CCN.com: As the eurozone economy slows down and the European Central Bank (ECB) run out of ways to fuel the market, market strategist Russell Napier has said the euro may be in trouble. Speaking to FT, the analyst firmly stated that the global monet…
The British pound fell from its two-month high early Friday as fears of a no-deal exit from the European Union rescinded. After hitting the $1.3000 mark on Thursday, the sterling pound is now trading around the $1.2940 level. While the sterling had hov…
Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were be…
The confidence of consumers in the mid-term performance of the U.S. economy has declined, placing more pressure on retailers like Walmart and Target that have been struggling since the beginning of the fourth quarter of 2018. Along with major technolog…
Over the past two months, despite the expectations of increased sales during the Christmas season, major retailers such as Target and Walmart have continued to record large losses. Since November 9, the share price of Walmart has dropped from $105 to $…
Revolut, a digital banking alternative that features an in-app bitcoin and cryptocurrency exchange, has received a European banking license as it seeks to expand its offerings and position itself as the “Amazon of banking.” Revolut to Offer Bank Accoun…
A member of the British Parliament wants UK residents to be able to pay their local taxes and utility bills using bitcoin. Eddie Hughes, a conservative MP (member of Parliament) for the Walsall North constituency, said this would be a great first step …
Regulatory uncertainty in Britain’s blockchain sector has emerged as one of the biggest concerns for distributed ledger technology firms in the country. According to research conducted by digital innovation agency Digital Catapult, 74% of blockchain fi…
The UK’s financial watchdog is stepping up its scrutiny of the cryptocurrency sector, even as prices continue to regain their position, over last week’s bloodbath, which saw the total market cap for cryptos shed almost 80 percent of it…
At a European Parliament meeting in 2013, British politician Godfrey William Bloom said that all major banks are broke and criticized the ability of banks to lend money they do not have, which is not possible with decentralized currencies like crypto. …
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Cryptocurrency derivatives including futures, options and contracts for differences could potentially be prohibited in the United Kingdom in the near future. According to a statement issued by the Financial Conduct Authority (FCA), UK’s financial watch…
A little over a month since legislators in the United Kingdom branded the domestic cryptocurrency market the ‘Wild West’ and called for its regulation, experts have warned that such a move could have disastrous consequences for the fintech market in th…
As the Irish border question has remained one of the thorniest issues in the Brexit talks between the United Kingdom and the European Union, a cabinet minister in Prime Minister Theresa May’s government believes the solution lies in technology. Accordi…
British lawmakers called for the regulation of the domestic cryptocurrency market which they claimed to be the “Wild West”, whilst insisting rules could help the UK become a “global centre for crypto-assets”. In a report published by the British Parlia…
Among the many potential roles that bitcoin could play in society, it is hard to imagine plugging holes in police budgets being one of them. Until now. Surrey Police have become the first law enforcement agency in the United Kingdom to convert bitcoins…
Conservative member of the British Parliament Eddie Hughes has said that the British government needs a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust. In a report issued today entitled ‘Unlockin…
The UK government’s food safety watchdog has completed a successful trial of blockchain technology for meat inspection in a supply chain. The Food Standards Agency (FSA) has concluded a successful blockchain pilot tracking meat from a cattle slaughterh…