United Kingdom

Bitcoin will likely reach $60K in 2021, says Investing.com analyst

Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first half of 2021. According to Cohen, Bitcoin’s growth in 2021 will be …

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Komainu to store crypto confiscated by UK law enforcement

Digital asset custodian Komainu is working with authorities in the United Kingdom to store crypto confiscated as part of criminal investigations. Komainu is a custody venture from Japan-based global investment bank Nomura, digital asset manager CoinShares, and hardware wallet manufacturer Ledger. The firm announced it has made an agreement  to “securely store digital assets seized …

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Coinbase Issues a Public Apology to EU and UK Customers — Did Not Address Its Global Issues

<div class=”featured_image_container”> </div> <strong>Cryptocurrency exchange Coinbase published a statement addressing their U.K. and E.U. customers, apologizing for system outages and account restrictions. The company also recognized their customer support “has not been at the levels” expected.</strong> High Flow of Incoming Customers According to the public apology, the U.S.-based crypto company said customers from both regions …

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UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach

<div class=”featured_image_container”> </div> <strong>Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is initiating a “regulatory approach to cryptoassets and stablecoins” for 2021 following the Brexit turmoil.</strong> Special Focus on Stablecoins Regulation According to the official announcement, the consultation mainly …

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FCA warns of crypto investment risks as Bitcoin dives below $33K

The United Kingdom’s financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets. In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with a high level of risk, stressing that investors should be ready to lose all their money …

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UK FCA gives crypto startups a hindering hand

Late last week, the United Kingdom’s Financial Conduct Authority issued temporary licenses to applicant companies looking to become licensed crypto-asset firms. However, with the publication of this list of temporarily authorized firms has come a large amount of confusion for those that applied or were thinking of applying. The deadline for companies to have acquired …

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CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds

Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual “Blockchain 50” list, which consists of 50 private companies applying or analyzing blockchain technology to solve business- or consumer-related problems across various industries. Jonathan Knegtel, CEO and co-founder of Blockdata, told Cointelegraph …

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World governments agree on importance of crypto regulation at G-7 meeting

Digital asset regulation has been a hot topic in 2020 and shows no signs of cooling. A recent G7 meeting concluded that the sector faces an ongoing need for regulation.  In addition to talking about COVID-19 and economic issues, the group “also discussed ongoing responses to the evolving landscape of crypto assets and other digital …

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Amazon workers plan Black Friday strikes and protests in 15 countries

ASSOCIATED PRESS Amazon warehouse workers in several countries are planning to carry out strikes and protests on Black Friday, one of the biggest sales events of the year for the company. Among other things, they’ll call on Amazon to improve pay and safety conditions, and respect their right to organize. Social and environmental justice activists …

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Watch out, fraudsters are claiming they are from Blockchain.com

Fraudulent actors currently float around the internet claiming association with crypto trading and wallet company Blockchain.com, as confirmed by the Financial Conduct Authority, or FCA, a United Kingdom-based regulatory entity. The copycats assert association with Blockchain.com under Blockchain Ltd, a clone version of the real company. The genuine Blockchain.com, under the agent Blockchain Access UK …

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