Jul 21, 2023 08:20

UK banks risk losing licenses for debanking customers over political views

The British government may impose tighter freedom of speech protections on banking permits following a public dispute between Nigel Farage and Coutts bank.

May 21, 2023 05:55

UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling

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.

Feb 24, 2023 10:10

Moscow Authorities Detain A Brit For Consulting North Korea On Crypto

What – In a new development, the Moscow Bureau of Interpol arrested and detained a British citizen Christopher Emms for conspiracy. Why – This was after [...]

Dec 22, 2022 07:55

Interest In Cryptocurrency Surges as New Miners Are Banned in British Columbia

British Columbia suspends new miners from accessing electricity in a bid to conserve 'clean' energy for electric vehicles.

Continue reading Interest In Cryptocurrency Surges as New Miners Are Banned in British Columbia at DailyCoin.com.

Dec 22, 2022 07:55

Crypto Flipsider News – FTX Execs Plead Guilty; MetaMask Expand Support; U.S. Stablecoin Bill; RBI Crypto Warning; BC HaltMiners

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Continue reading Crypto Flipsider News – FTX Execs Plead Guilty; MetaMask Expand Support; U.S. Stablecoin Bill; RBI Crypto Warning; BC HaltMiners at DailyCoin.com.

Dec 22, 2022 08:20

British Columbia to halt new power connections for crypto miners

British Columbia has cited prioritizing clean energy and job creation as the main reasons for suspending cryptocurrency mining operations

Sep 30, 2022 04:15

Trades of the British Pound to Bitcoin SPIKE 1,150% - Why UK Investors are Suddenly Embracing Crypto...

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.

GBP to BTC Volume via 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.

Still, this is one of multiple recent stories giving crypto investors a strong indication that it isn't a matter of 'if' the market will come back, but 'when'...  What does seem to now be proven is that investors globally are still interested in crypto, and willing to buy and trade it when they see an upside.

-------
Author: Mark Pippen
London News Desk 
Breaking Crypto News

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Sep 29, 2022 01:10

British pound drops to all time lows against the dollar

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.

Sep 11, 2022 02:15

Huobi Group Secures Regulatory Approval to Trade in the British Virgin Islands

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)

Jul 04, 2022 10:50

Scammers Hacked British Army’s Social Media Accounts To Promote NFT

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 […]

Jul 04, 2022 08:20

British Army’s social media accounts hacked by crypto scammers

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.

Mar 28, 2022 07:01

UK to Unveil Plans for Crypto Regulation, Eyeing Stablecoins

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)

Jan 19, 2022 10:25

Britain to Halt Deceptive Crypto Adverts in the Country

Britain plans to halt promotional crypto advertisement in the country. FCA or Bank of England will approve before companies can ...

Read More...

Feb 04, 2024 06:00

Coinbase enlists former British minister on its advisory council

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

Mar 17, 2023 02:10

Moscow City Crypto Exchanges Ready to Send Cash to London, Report

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.

Mar 15, 2023 10:35

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

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.

Jul 14, 2023 10:35

UK lawmakers propose metaverse-specific online safety bill

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)

Apr 03, 2023 11:10

[Event Recap] Southeast Asia Tech Week Sets Goal to Produce 100 Founder-Led Unicorns in PH

DTI Usec. Rafaelita Aldaba challenges private sector to produce 100 unicorns in the Philippines at the Southeast Asia Tech Week PH.

The post [Event Recap] Southeast Asia Tech Week Sets Goal to Produce 100 Founder-Led Unicorns in PH appeared first on BitPinas.