UK Crypto-Skeptic’s Anti-Bitcoin Petition Looks Set for a Sad Fate

An outspoken British financial advisor’s petition to ban bitcoin (BTC) and crypto transactions in the UK has garnered just 124 signatures despite widespread media coverage.

British financial advisor calls on the gov’t to ban crypto transactions

Veteran financial advisor Neil Liversidge came to the UK Government and Parliament with a petition to ban crypto transactions. Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the owner of the independent financial advisory firm West Riding Personal Financial Solutions, started a petition urging local financial authorities to stop crypto transactions in the UK The petition reads: “Legislate to prohibit the payment by or acceptance of cryptocurrencies by UK resident businesses or individuals, and require UK regulators (the FCA and PRA) to prohibit transactions by UK financial institutions in cryptocurrencies such as Bitcoin.” Liversidge cited a common anti-crypto narrative, arguing that cryptos like Bitcoin have no intrinsic value and “can be a destabilising influence on society, and often used for criminal activity.” The advisor also thinks that cryptocurrency mining is “harmful to the environment.” According to the UK Government and Parliament website, the petition’s deadline is July 7, 2021.

Man Will Give 25% of Lost Bitcoin to COVID Relief if He Can Search Dump for USD 296M Haul

British media outlets have once again become interested in the case of a Wales-based IT professional who said he threw out a hard drive containing around BTC 7,500 (USD 296m) and who wants to search a landfill for the device, pledging millions of dollars worth of reward to coronavirus charities if he finds it. Per the South Wales Argus and the BBC, James Howells

Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager

His firm added exposure to Bitcoin before the winter surge. The chairman of a British investment firm says Bitcoin (BTC) is a seemingly “non-sensical” asset — but one that still makes sense after the coin’s winter price movement proved profitable.

British Banking Giant Blocks Bitcoin and Cryptocurrency Transactions

The largest bank in the UK by assets is refusing to transact with cryptocurrency exchanges.

New Report Studies Satoshi Nakamoto’s Inconsistent British and American Writing Techniques

On December 31, 2020, a new report was published that studies Satoshi Nakamoto’s writing style, the creator’s use of expressions, and spelling.

CEO of Financial Giant DeVere Has Sold Half of His Bitcoin Portfolio – Here’s Why

Cryptocurrency advocate and the CEO of British-based independent financial advisory company deVere Group, Nigel Green, is disclosing why he recently liquidated 50% of his Bitcoin.  In a blog post, Green says he sold half of his BTC late last month in order to capture some profits and with the expectation that he will buy back […] The post CEO of Financial Giant DeVere Has Sold Half of His Bitcoin Portfolio – Here’s Why appeared first on The Daily Hodl.

UK Judge Rejects US Extradition Requests for Julian Assange, Wikileaks Holds $800K in Crypto

On Monday, a British judge rejected the US request to extradite the Australian editor, publisher, and activist Julian Assange.

Blockstream Debuts Open-source Hardware Bitcoin Wallet

The Vancouver, Canada-based major blockchain firm Blockstream said it has launched an open-source, battery-powered hardware wallet for storing bitcoin (BTC) and digital assets issued on the Liquid Network, including tokens like the stablecoin tether (USDT). The wallet is named Blockstream Jade. Fronted by British Bitcoin OG Adam Back, a man some internet theorists

Augmented Reality Firm Nextech AR Joins the Bitcoin Treasuries Bandwagon, Buys $2 Million BTC

On the heels of the Canadian company Mogo purchasing bitcoin for treasury reserves, the British Columbia-based augmented reality firm Nextech AR Solutions has announced the purchase of $2 million in bitcoin.

UK Regulator Makes Temporary Register for Crypto Firms Awaiting Permits

The British Financial Conduct Authority (FCA) has launched a temporary program for registering crypto companies that are waiting to obtain approval permits.

Sean Ono Lennon sells NFT art piece for $3K in crypto

The son of Yoko Ono and John Lennon looks deeper into crypto with NFT art. Sean Ono Lennon, a British-American musician, songwriter, and producer, has auctioned a tokenized digital illustration on NFT marketplace, Rarible. According to Rarible data, Lennon sold a piece entitled “Etharian 1” on Dec.

Standard Chartered to launch institutional-grade crypto custody in 2021

The major British bank is “rewiring the DNA in banking” with crypto. Standard Chartered, one of the biggest banks in the United Kingdom, has officially announced plans to provide institutional custody for major cryptocurrencies like Bitcoin (BTC). According to a Dec.

Coinbase UK Discloses 22% Profit Drop in 2019

The British arm of the US cryptocurrency exchange saw a sharp downturn in business in 2019.

Facebook’s Libra Rebrand Hits Another Name-Change Snag as UK Diem Lawyers up

Facebook’s latest efforts to rebrand its Libra stablecoin project, recently renamed Diem, appear to have hit the rocks – again – with a British fintech firm of the same name preparing legal action. The Libra Association, the project’s governing body, recently stated that it was renaming itself the Diem Association, Latin for “day,” in a bid to make a fresh

British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment

British politician and leader of the Brexit Party, Nigel Farage is lauding bitcoin branding it as the ultimate anti-lockdown investment.

Nigel Farage Has Become a Bitcoin Believer

Nigel Farage, leader of the British Brexit Party, said that it’s “crucially important” for people to get into crypto amid the pandemic.

Bitcoin Entrepreneur May Bail Out Ailing UK Soccer Club

Jonathan Rowland, founder of bitcoin finance app Mode, may make a bid for struggling British soccer club Wigan Athletic.

A Lesson From Gibraltar: How to Build a Blockchain Bastion

The crypto-minded Albert Isola handles financial services and gaming for the British territory of Gibraltar; he shared some thoughts on his government’s approach with Decrypt.

Blockchain Mag Gets Royal OK, Crypto Comedians Question Queen’s Bitcoin Interest

A letter from Queen Elizabeth II’s office pertaining to blockchain has sent the crypto community into a monarchic meltdown of speculation about the British ruler’s bitcoin (BTC) interest – with some jokingly suggesting the 94-year-old sovereign may be sitting on a stash of satoshis…or could even be the mysterious author the BTC white paper herself. The storm in

Bitcoin Movement launches collection of blockchain-backed streetwear designed by Zuby

Designed in collaboration with British influencer Zuby, each piece is linked to the VeChain blockchain for “Proof of authenticity”. On Friday, the online retail store Bitcoin Movement (BTCMVMNT), launched a limited edition streetwear line featuring a blockchain-backed system of “Proof of authenticity.” The 300-item collection, which was designed with input from British entrepreneur and rapper Zuby, consists of 50 hoodies, 125 Hats, and 125 T-Shirts, all bearing the logo ‘21 Million,’ representing the maximum amount of Bitcoins that will ever be mined. Each piece in the collection, which is titled “Take the Power Back,” contains an near-field communication chip linked to the VeChain blockchain.

Gibraltar is now an observing member of the Global Blockchain Business Council

The British Overseas Territory is making steps towards bringing blockchain adoption into the mainstream. The Government of Gibraltar has announced its official appointment as an observing member of the Global Blockchain Business Council, or GBBC.

Indian crypto industry expanding, regulators seem reluctant to engage

As Cashaa launches crypto banking services in India, the cryptocurrency industry continues to grow despite uncertain regulations. The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 branches in Northern India and plans to have expanded to 100 branches by next year.  Considering that India is largely a savings-driven economy, Unicas will also offer crypto saving accounts that pay interest on deposited crypto.

Alleged British ISIS member used Bitcoin to fund militants’ escape from Syrian prison camps

A British citizen who has reportedly been an ISIS member for over four years has appeared before a local court for allegedly sending money abroad (via BTC) to help captured ISIS militants escape Syria The post Alleged British ISIS member used Bitcoin to fund militants’ escape from Syrian prison camps appeared first on AMBCrypto.

British fintech firm opening physical crypto bank branches in India

The new venture will reportedly include 34 “physical branches and operations” in northern India. According to an Oct.

Gemini exchange partners with licensed crypto payments processor in UK

Gemini crypto exchange is streamlining fiat currency wire transfers for British clients. The Winklewoss twins' crypto exchange Gemini is continuing to consolidate its regulated services for clients in the United Kingdom. On Oct.

Kate Winslet Joins Cast Of OneCoin Crypto Scam Movie

Kate Winslet. British star actress Kate Winslet has reportedly joined the cast of Fake!, a new motion picture in development that is to retell the story behind the OneCoin crypto ponzi scheme that scammed investors worldwide out of billions of dollars. Directed and written by Scott Z.

British fintech to expand banking services to Indian crypto customers

London-based banking company Cashaa will launch a crypto-friendly neo-bank in India The London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India.  Kuman Gaurav, the founder of Cashaa, told Cointelegraph that Cashaa India will allow Indian businesses and individuals to open a savings account with them and buy, store and save cryptocurrencies just like any other financial instrument. “For lending, we will be adding crypto assets class together with gold and real estate as collateral,” he said. Gaurav explained the need for a crypto-friendly bank in India, saying that most Indian banks are reluctant to provide banking services to the crypto users.

Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority

Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The

Former British Politician Godfrey Bloom Announces First Bitcoin Purchase

Godfrey Bloom, the former British Member of Parliament, has revealed that he is making his first purchase of Bitcoin.

Coinbase UK will share customer details with British tax authorities

Cryptocurrency exchange Coinbase UK will disclose customer data to the HMRC (or Her Majesty's Revenue and Customs) which is the UK's tax authority, in response to the British tax authority’s legal n The post Coinbase UK will share customer details with British tax authorities appeared first on AMBCrypto.

Former British MEP Makes First Bitcoin Purchase

Bitcoin’s latest high-profile convert is a 70-year-old former British MEP who called for the arrest of central bankers in 2013.

IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework

IOTA Foundation, a distributed-ledger technology developer, and Jaguar Land Rover, a leading British luxury car manufacturer, have introduced IOTA Access.

Gemini Adds British Pound to Accepted Fiats in UK After Registration With Watchdog

Cryptocurrency exchange and custodian Gemini announced on Thursday that its UK users, individual and institutional, will now be able to trade and store crypto using the Pound sterling (GBP).

Regulation and Liquidity To Determine Institutional Investments In Crypto

Clearer regulation and improved liquidity will drive institutional investors to cryptoassets in the years ahead, say British and American fund managers. These were the findings of a survey conducted by crypto asset insurance company Evertas, reports Institutional Asset Manager. The firm quizzed institutional investors who collectively manage USD 78.4 billion in assets,

FinCEN Files find British financial firm's connection to Mt Gox

Leaked documents as part of the FinCEN investigation showed involvement of traditional financial firms including one Mayzus Financial Services and its connection to the Mt Gox cryptocurrency hack and The post FinCEN Files find British financial firm's connection to Mt Gox appeared first on AMBCrypto.

GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion

California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp.

Fantasy authors turn the VulcanVerse NFT game into a trilogy of books

Two of Britain’s most successful gamebook authors will turn VeChain’s VulcanVerse NFT game into a fantasy trilogy series. Award-winning British fantasy authors Dave Morris and Jamie Thomson will write a new fantasy trilogy “The Vulcan Verses”.  The title is based on VeChain’s forthcoming Vulcan Forged non-fungible token (NFT)-powered collectible card game and decentralized virtual world VulcanVerse. With more than 100 books to their names, the authors are considered among the most successful British gamebook authors, writing the Fabled Lands, Fighting Fantasy, and The Crystal Maze gamebooks.

Digital Currency Group acquires cryptocurrency exchange Luno

After providing initial seed funding to Luno in 2014, Digital Currency Group has acquired the cryptocurrency exchange platform. One of the largest organizations investing in blockchain companies, Digital Currency Group, or DCG, has acquired the British multinational cryptocurrency exchange Luno. DCG first bought a stake in Luno by investing in the exchange’s seed round in 2014.

Digital Currency Group Snaps Up British Crypto Exchange Luno

Barry Silbert. The New York-based crypto investor the Digital Currency Group (DCG) has announced it has taken over UK-based crypto exchange Luno for an undisclosed sum. DCG made an initial investment in Luno back in 2014, but the platform has continued to grow in recent years, setting up bases in Singapore and Cape Town, South Africa. Per DCG and Luno press releases,

Bangladesh to get its first blockchain remittance service

Standard Chartered Bank has launched the first remittance service in Bangladesh. The South Asian nation of Bangladesh will soon get its first blockchain remittance system that will allow Bangladeshi expats in Malaysia to instantly transfer wage remittances to their home country. According to a report from The Business Standard, the British national banking service firm Standard Chartered Bank (SCB) today announced the blockchain-based cross-border remittance service for Bangladesh. SCB developed the remittance service in collaboration with the Bangladesh-based mobile banking platform bKash and the Malaysian remittance provider Valyou.

Just Eat adds Bitcoin payments for 15,000 restaurants in France

The price of Bitcoin will be calculated depending on its current price on Bitpay and the delivery platform. Just Eat, a major British online food order and delivery platform operating across 13 countries, has added cryptocurrency payment support for its France subsidiary. The company has partnered with the cryptocurrency payment provider Bitpay to allow its users to pay in Bitcoin (BTC).

Binance UK joins self-regulatory trade association CryptoUK 

In order to develop a regulatory framework for cryptocurrencies, Binance UK, the British affiliate of Binance cryptocurrency exchange, joined Crypto UK as its executive member.

Binance.UK Joins CryptoUK’s Executive Committee

The British arm of Binance will become an executive member of the trade association alongside Coinbase, eToro and Ripple.

Standard Chartered Conducts First Blockchain Trade in Bangladesh

Bangladesh is now on the blockchain map. Standard Chartered PLC,  a British multinational banking and financial services company headquartered in London, England, has successfully leveraged blockchain technology to conduct Bangladesh’s first blockchain trade transaction, according to Newage on August 16.  The Standard Chartered bank issued a Letter of Credit (LC) for the trade between garment exporter Viyellatex Ltd and Viyellatex Spinning on the Contour blockchain network.

Crypto-Friendly British App Revolut Reportedly Tripled Losses in 2019

Revolut’s losses in 2019 surged over 200% due to investment in international expansion, Revolut founder and CEO says. Revolut, a crypto-friendly trading app and one of the biggest fintechs in Europe, reportedly tripled its losses in 2019 despite growth in revenue and new customers. The London-based company reportedly posted a total loss of more than 106 million British pounds ($139 million), up from about 33 million pounds ($43 million) in 2018. Nik Storonsky, founder and CEO at Revolut, outlined that the massive losses in 2019 came despite a significant surge in customers, CNBC reports Aug.

British Farmer Attempted £1.4M Bitcoin Extortion from Tesco by Contaminating Baby Food

Nigel Wright, a 45-year-old sheep farmer from Lincolnshire, England, has been accused of trying to extort Bitcoin worth £1.4 million, approximately $1.8 million, from retail giant Tesco.

The Onecoin Debacle: Indictments Unsealed, 2 Dead in Mexico, Story Gets ‘Darker’

The Onecoin fiasco is still making headlines these days as a number of alleged money laundering companies were exposed on July 25, two Onecoin leaders were recently killed in Mexico, and the British author Jamie Bartlett revealed a new “Missing Cryptoqueen” episode is coming soon.

Robinhood Postpones UK Launch 'Indefinitely,' Freezes Global Expansion Plans

The popular stock and crypto trading app has put its global expansion plans on hold. Robinhood, the Silicon Valley-based stock and cryptocurrency investing app popular among younger generations for its "gamified," user-friendly interface and zero-fee trading, has reportedly decided to abort its launch in the United Kingdom “indefinitely”. According to CNBC on July 21, Robinhood informed its British customers who had been signed up to the waitlist since November that the company will be focusing on its home market in the near future.

UK Treasury Wants to Bring Crypto Ads Under Direct Gov’t Oversight

British consumers need stronger rules to protect them from deceptive crypto ads, says UK minister. The government of the United Kingdom believes that current rules do not go far enough to protect consumers from misleading crypto ads and is advocating change. New proposals published on July 20 would, if approved, bring the promotion of certain types of crypto assets under direct regulation from the Financial Conduct Authority — or FCA — for the first time. The UK’s Economic Secretary to the Treasury and City Minister, John Glen, said: “It’s important that people can understand the financial products they see promoted.

‘Wonder Woman’ Illustrator and British Artist Terry Flaxton to Sell Ethereum-Backed Art

The non-fungible token (NFT) and blockchain-backed collectible economy continue to see demand and the digital art market Makerplace has seen enormous growth recently.

Despite Rumors, Piers Morgan's ‘Announcement’ Isn’t Bitcoin-Related

The well-known British journalist clarified in a tweet prior to the announcement of his new book that the announcement was not related to Bitcoin. British journalist and TV personality, Piers Morgan, made his “big announcement” on Twitter on July 16 —  but despite social media rumors about a potential Bitcoin endorsement it wasn’t crypto-related  Instead Morgan said he’ll be launching a book related to a “liberal war” and COVID-19 called Wake Up.

Rare 4K digital art depicting fall of man hits Ethereum-based market

British digital artist Terry Flaxton has put his first piece up for sale on MakersPlace, a blockchain-based marketplace for rare art.

European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States

British digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the US Users in 49 US states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said.

Revolut's Crypto Trading App Expands to 49 States Following Significant Delays

UK fintech giant Revolut makes crypto available to its users in 49 states following significant delays. Major British fintech firm Revolut is expanding its cryptocurrency trading services in the United States. As of July 15, users across the country — with the exception of Tennessee — can trade cryptocurrency on Revolut's app. The original plan was to introduce this service in April.

Islanders Demand Return of ‘.IO’ Domain From Colonizers

The ‘.io’ domain name has become part of a complaint against the UK for alleged human rights violations tied to its continuing administration of territories in the Indian Ocean. The popular ‘.io’ domain name has become part of a complaint against the United Kingdom for  alleged human rights violations tied to its continuing administration of territories in the Indian Ocean.  Sales of the ‘.io’ domain name are being contested as a part of a complaint filed by former islanders of the Chagos Archipelago, which has been at the center of a territorial dispute between Mauritius, a former British colony, and the UK since the 1980s.  Now highly popular with numerous crypto, blockchain and other tech companies — not to mention various scams — ‘.io’ was formally the country code top-level domain (ccTLD) designation for “Indian Ocean.” Despite this, the domain name was acquired on the open market in the late 1990s by a UK-based firm, Internet Computer Bureau (ICB).  The UK government receives an undisclosed share of revenue from sales of .io, in what the complaint claims is part of its ongoing colonial expropriation of the economic property and livelihood of the former islanders: “The ccTLD .IO rights are a valuable property and generate millions of dollars in fees for ICB annually.

Binance Expands Fiat Gateway to Support 15 New National Currencies

Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform. According to a July 7 announcement, Binance added support for the United Arab Emirates dirham, Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound, Hong Kong dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty and Swedish krona. Binance added the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Binance CFO Wei Zhou told Cointelegraph that users can transfer the funds via SWIFT wire transfer, adding, "After linking Binance accounts to Etana accounts, Binance users can wire funds directly from their bank accounts to Etana, and then have their Etana fiat balance credited to the corresponding Binance accounts instantly and free of charge by initiating a fiat deposit request on Binance." A more accessible fiat onramp for Binance users Etana’s onboarding process includes Know Your Customer and Anti-Money Laundering checks compliant with the Bank Secrecy Act.

Russian TON Investors Decry UK Firm’s ‘c. USD 1.5m Commission Fee’

Russian investors in the failed Telegram Open Network (TON) token launch said they have reported a British brokerage they said is withholding almost USD 1.5 million of their funds to the Moscow-based federal investigating authority. Per a Telegram post from Baza, the group has taken its case to the Investigative Committee of Russia after alleging that an unnamed UK-based

Russia to Reportedly Investigate an Allegedly Fraudulent TON Offering in UK

Russian prosecutors are reportedly investigating a British firm that allegedly sold fraudulent Gram tokens. Shortly after lifting the country’s Telegram ban, Russian authorities began investigating potentially fraudulent offerings involving the company’s unlaunched token, Gram.

UK’s FCA: Number of British Investors Buying Bitcoin Doubled in 1 Year

The UK’s Financial Conduct Authority (FCA) says the number of British people buying Bitcoin doubled in a year.

A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies.