In a sign of the shift in attitudes regarding traditional investments and finance, a study conducted by a real estate developer in the United Kingdom has revealed that 27% of male millennials consider bitcoin a better investment than property. Accordin…
The United Kingdom’s Financial Conduct Authority, the country’s markets watchdog and financial regulator, has confirmed that there are 24 investigations pending of cryptocurrency businesses, according to Citywire. The FCA, in response to a Freedom of I…
Described by his sentencing judge as a “one man cybercrime wave”, British hacker Grant West caused hundreds of thousands of dollars worth of damages through his activities stealing and selling personal and financial information on the dark …
The British government’s newly-established cryptocurrency task force has held its first meeting ahead of assessing what, if any, regulation is required for broad crypto and blockchain sector. The UK government’s ‘Cryptoassets Task Force’ – compri…
A senior Ripple official has called on British regulators to revisit their ‘wait and see’ approach to cryptocurrencies and called for new rules introduced by the likes of Japan. While cryptocurrencies are commonly seen as financial instruments meant to…
Britain’s financial regulator and markets watchdog outline its policy thinking on cryptocurrencies with a review to be published later this year. In revealing its business plan for the coming financial year, the Financial Conduct Authority (FCA) underl…
The British government has announced a plan to establish a cryptocurrency ‘task force’ that will include Her Majesty’s Treasury, The Bank of England and the Financial Conduct Authority. As a part of the UK government’s broader Fintech Sector Strategy, UK Chancellor of the Exchequer Philip Hammond is expected to introduce a raft of FinTech initiatives
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Popular peer-to-peer bitcoin exchange platform LocalBitcoins has announced that it will halve its trading fee for all bitcoin trades done in the UK, starting today. In an effort to increase bitcoin buying in the UK following the Brexit vote which saw the sterling pound fall in its valuation, P2P bitcoin exchange LocalBitcoins will slash its […]
The post LocalBitcoins Slashes UK Bitcoin Trading Fee Post-Brexit Vote appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Research suggests that while the U.K. may be behind the U.S. with the number of blockchain startups, it leads the way in diversity compared to any other country. The world’s first blockchain startup tracker was introduced by Outlier Ventures in May of this year. Its aim was to provide a comprehensive overview of the various […]
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London-based blockchain and fintech startup GovCoin Systems Ltd., has been chosen by the UK Department for Work and Pensions to trial a new blockchain-based trial for welfare payments. In a press release today, it is revealed that the United Kingdom’s Department for Work and Pensions has an ongoing proof-of-concept trial where welfare payments are being […]
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After a tumultuous Thursday that saw bitcoin price drop below $550, the cryptocurrency is making gains in trading again, scaling beyond $675. Bitcoin price has experienced volatility lately with observers pointing to a multitude of factors including increased buying interest from China supporting the price swell and the temporary outages suffered by digital currency exchange […]
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As bitcoin and ether prices scale in drastic ways, cryptocurrency exchange Gemini, founded by the Winklevoss brothers is now expanding to the UK as a part of a wider expansion plan. Starting today, the Gemini bitcoin and digital assets exchange opens in the United Kingdom, enabling registered users in the region to trade bitcoin and […]
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A UK survey spanning business owner-managers and entrepreneurs in the region revealed a few takeaways of their outlook on bitcoin. A majority of the respondents to the Smith & William Enterprise Index survey that polls entrepreneurs and owner-managers in the UK said bitcoin will fail to become a widely accepted payment method, reports UK publication […]
The post Survey: 60% of UK Business Owners See Bitcoin “failing” as Popular Payment Method appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Circle, a Bitcoin exchange and services startup is granted an electronic money license by the British government through its foremost financial regulator. The milestone marks the first time that Britain has bestowed a license upon a bitcoin company. The license was granted by Britain’s primary financial regulator, the Financial Conduct Authority. The move further Britain’s public and […]
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In a new major report submitted by the Chief Scientific Adviser of the UK today, the government’s Chief Scientist Sir Mark Walport explained the innovation has the potential to help governance to politicians and leaders of authority. The report, titled ‘Distributed Ledger Technology: Beyond Block chain’ sees Sir Mark Walport explain how distributed ledger technology or […]
The post The UK’s Chief Scientific Adviser and Scientist Recommends Bitcoin’s Blockchain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Finding a bank that makes it easy to buy and sell bitcoin continues to be a challenge. The problem doesn’t come as a surprise to CCN readers, given that some major banks have questioned the need for bitcoin. (Some of these same institutions have touted the benefits of blockchain technology, which strikes many observers as paradoxical.) […]
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NextBank, which bills itself as the first bitcoin-friendly bank and is slated to open in 2016, announced that it has received $1.4 million for 4% of the company from two venture capitalists in Europe and has called off its crowdfunding campaign. Crowdfunding investors can choose to be minority investors or have their contributions refunded. CCN reported last month that NextBank received $0.95 million in private venture capital and was accepting early registrations. The new investment brings the total investment $2.35 million USD. The company will continue to seek funding through venture capital avenues to “ease concerns of the public,” according […]
The post Bitcoin-Friendly NextBank Receives $1.4 Million, Calls Off Crowdfunding Campaign appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Coinbase, a leading Bitcoin payment processor and the first licensed Bitcoin exchange in the US, opened an exchange and online bitcoin wallet service in the UK on Tuesday. Coinbase enters one of the financial capitals of the world in the UK as the San Francisco-based company now allows people to transfer from GBP into bitcoins […]
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