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British Red Cross, a global humanitarian charity organization, has disclosed its endorsement of donations in cryptocurrencies like Bitcoin, Shiba Inu,…
The post British Red Cross Now Accepting Bitcoin, Shiba Inu, XRP first appeared on The Crypto Basic.
The McLaren Artura GT4 will use blockchain technology for real-time data analysis during the testing day at Circuit de Spa-Francorchamps.
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt withdrawal activity for the time being. British Virgin Islands-Based Digital [...]
The post Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident appeared first on Crypto Breaking News.
The British government may impose tighter freedom of speech protections on banking permits following a public dispute between Nigel Farage and Coutts bank.
A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being [...]
The post UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling appeared first on Crypto Breaking News.
What – In a new development, the Moscow Bureau of Interpol arrested and detained a British citizen Christopher Emms for conspiracy. Why – This was after [...]
British Columbia suspends new miners from accessing electricity in a bid to conserve 'clean' energy for electric vehicles.
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British Columbia has cited prioritizing clean energy and job creation as the main reasons for suspending cryptocurrency mining operations
British investors are turning to Bitcoin as a result of the recent decline in the value of the pound sterling (GBP) relative to the dollar, which has been driven by worries that the country's financial crisis will worsen.
The noticeable increase in bitcoin trading volume against pound reflects many investors view that Bitcoin offers an easily accessible place to move funds when they feel risk of inflation is high. Which is why the week began with Bitcoin trading volume of people buying with the British Pound hit a record high of GBP 840 million (valued at $881 million USD)
The average daily trade volume of bitcoin in pounds is seen in the chart below at slightly over $72 million. Making this an increase of approximately 1,150%...This is an amount too large to brush off as anything but a deliberate direct response."When a fiat currency is threatened, investors start to favor bitcoin." said James Butterfill, research director at coinshares.
Gabor Gurbacs, digital asset/crypto investment strategist at investment giant VanEck explains “Given that the UK is now outside of the EU bureaucratic apparatus, it will get another chance to become a Bitcoin hub. I think UK leaders will use this opportunity reasonably well.”
However, a number of analysts have noted that a strong US dollar is partly to blame for the recent declines in the value of the British pound and the euro, and it is extremely likely that this factor is also in the way of a crypto market recovery.
Or to put it another way, we might not notice a significant rise in bitcoin and cryptocurrency ownership until the US dollar starts to lose its position as the strongest currency in the world.
On September 16, 1992, the British pound dropped to its all-time low.
The post British pound drops to all time lows against the dollar appeared first on CryptoSlate.
Huobi Group will be one of the first digital assets trading platforms to be given permission to run regulated trading services in the British Virgin Islands (BVI) (Read More)
On July 3, hackers gained access to the official Twitter, Facebook, and YouTube accounts of the British Army and advertised fraudulent non-fungible token (NFT) collecting and cryptocurrency scams for over four hours. Just after 2 PM ET, the Ministry of Defence (MOD) Press Office of the United Kingdom tweeted that it was aware that the […]
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams.
According to CNBC, the U.K. government will announce a cryptocurrency regulatory regime in the next few weeks, with a focus on stablecoins, and the details of the plan are still being actively discussed. (Read More)
Britain plans to halt promotional crypto advertisement in the country. FCA or Bank of England will approve before companies can ...
Coinbase, the U.S. cryptocurrency exchange, has enlisted former British Chancellor of the Exchequer, George Osborne, to join its global advisory council. Osborne, a prominent political figure, served … Source link
An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the clients, Transparency International Russia reveals in a report. Russia-based Cryptocurrency Exchanges Swap Stablecoins for [...]
The post Moscow City Crypto Exchanges Ready to Send Cash to London, Report appeared first on Crypto Breaking News.
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s [...]
The post UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents appeared first on Crypto Breaking News.
Members of the House of Lords are of the opinion that activities taking place in the metaverse need to be included into any law that is written in the United Kingdom with the goal of regulating certain internet services. (Read More)
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