United Kingdom

Blockchain.​Com Now Offers Crypto Lending Service to All Users

Amid the ongoing growth of the cryptocurrency lending industry, major crypto wallet service Blockchain.com launches a new lending product for all users, not just institutions. After first launching an institutional crypto lending desk in August 2019, Blockchain.com is now rolling out its crypto lending service to all users across more than 180 countries, the United …

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Coronavirus Leave Seats Empty At London Blockchain Week

In 2007, Lebanese-American essayist, statistician and risk analyst Nassim Nicholas Taleb introduced the world to the notion of a “black swan.” A black swan is Taleb’s metaphor for large, unexpected events that wreak havoc across finance, science and technology. Thirteen years on, the world is reeling from its latest black swan in the form of …

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London Blockchain Summit: Crypto Meets Coronavirus

Day One, March 5 The world has a fever. A fever for blockchain. But that’s not the only infectious substance in the room. The spectre of the spiralling Coronavirus crisis looms large over today’s conference in the United Kingdom. London has sold out of hand sanitizer and some of blockchain’s biggest names are fist-bumping and …

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UK Financial Watchdog Retracts Kraken Warning, but BitMEX Caution Stays Up

A UK financial watchdog hastily retracted an official warning about Kraken after apparently confusing the exchange with online scammers — but a similar warning about BitMEX remains active. On March 3, the United Kingdom Financial Conduct Authority (FCA) published a notice on its website cautioning citizens that the second-largest U.S. cryptocurrency exchange by volume, Kraken, …

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Whistleblower Outs ‘Wolf of Kyiv’ for $70 Million Bitcoin Scam

A whistleblower has revealed the existence of a 200-employee Ukrainian Bitcoin (BTC) trading scam that netted $70 million in 2019.  The whistleblower outed the scam by providing footage and internal company documents to Swedish newspaper Dagens Nyheter, which reported the news on March 1.  The scam predominantly targets investors based in Australia, New Zealand and …

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Bank of England Warns Crypto Adoption May Impact Credit Creation

Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance. In a speech delivered to the London School of Economics on Feb. 28, Cunliffe predicted that the integration of stablecoins …

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Cryptocurrency Payment Gateway Gocrypto Onboards 1,000 Locations Worldwide

</header> <strong>On February 28, Gocrypto CEO Dejan Roljic revealed the payment gateway has officially onboarded 1,000 merchant locations during a recent company update that expanded upon the firm’s growth. Roljic also explained Gocrypto now has several locations in five countries and the company recently started expanding into South America in November 2019. The Latin American …

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A Million EPayments Accounts Frozen Due to Regulation Control

EPayments Systems Ltd, a United Kingdom-authorized electronic money institution, must suspend online payment operations due to the Financial Conduct Authority’s anti-money-laundering (AML) procedures.  EPayments has released a short statement on its website and has sent out emails to its customers to give a few details on the FCA’s regulatory checks. This regulation has frozen ePayments …

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UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges

</header> <strong>Young and small cryptocurrency businesses will pay lower registration fees than big companies, the United Kingdom’s financial watchdog has decided after consultations with members of the industry. The revised fee scheme takes into account the firms’ income to determine the amount they’ll be charged to cover supervision costs. </strong> Also read: Singapore Introduces Licensing …

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UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case

A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject of a proprietary claim. On Jan. 17, the UK High Court released documents …

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