The US and UK governments are currently conducting a comprehensive review of cryptocurrency transactions worth over $20 billion associated with Garantex, a Russia-based virtual exchange. This joint effort aims to address the issue of sanctions evasion, which has been supporting…
UK Analysis Of IP Trends Within The Digital Metaverse
The metaverse, a rapidly expanding virtual realm captivating the attention of individuals, businesses, and governments worldwide, is poised to revolutionize how we interact, work, and engage in this immersive digital environment. As this emerging technology gains momentum, countries, including the…
UK Sets Out Proposals to Bring Stablecoins into Real Economy
While the United States patiently awaits the progress of its stablecoin bill, the United Kingdom has taken a proactive stance by formulating a comprehensive proposal to regulate stablecoins. The UK has integrated stablecoins into the mainstream economy as an alternative…
PayPal Obtains UK Crypto License Following Temporary Pause on Local Bitcoin Purchases
We are thrilled to announce that PayPal, the global payment giant, has received approval from the Financial Conduct Authority (FCA) to provide crypto services in the United Kingdom. This significant development positions PayPal as a key player in the rapidly…
Coinbase CEO Slams JPMorgan for Banning Crypto Payments in UK, Suggests Government Should Act
Coinbase CEO Brian Armstrong has voiced his discontent with the recent decision by JPMorgan Chase to block cryptocurrency-related transactions through its U.K. digital banking subsidiary, Chase UK. Chase UK’s Crypto Transaction Block: A Point of Contention In an official notice…
The Challenges Faced by Crypto as Banks Withdraw Support
Crypto firms struggle to find banking services in the UK amid increasing regulations and risk aversion Declining Support from Banks The collapse of several crypto-friendly American banks has diminished the industry’s access to the traditional financial system, sparking concerns that…
UK Takes Steps to Strengthen Crypto Market with New Regulations
Overview The United Kingdom’s Government has recently announced ambitious plans to regulate the crypto-asset industry. This is in response to the growing concern about the risks associated with crypto assets and the need for greater consumer confidence and clarity in…
UK Legislators Enact Laws to Restrict Crypto Ads
On Thursday, a committee of the House of Commons enacted new legislation without resistance or additional discussion that prohibits crypto advertisements and makes it illegal for unregistered operators to offer services. Restrictions Now Formally Enacted The restrictions, which are now…
Former British MP Wants Bitcoin Banned For Energy Concerns
Nick Boles, a former UK Member of Parliament for Grantham and Stamford from 2010 to 2019, took to Twitter Tuesday to criticize Bitcoin over its negative environmental impact. He retweeted a post from BBC correspondent Rory Cellan-Jones showing that Bitcoin…
Bank of England considering a CBDC
News of a possible English CBDC are coming out of London after Bank of England governor Andrew Bailey revealed that they considering a digital currency. The head of the top bank made this public in a webinar while addressing some…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
