Category: UK
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UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%
UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million ($875 million) a year earlier. By comparison, equity funding provided…
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66% of Europeans Feel Optimistic About Future of Bitcoin, Study Shows
Europeans are feeling more optimistic about the future of bitcoin. A recent study shows that two thirds of them believe cryptocurrency will remain in existence in 10 years time, with some convinced BTC will become a key part of the economy, both as a security and investment. Crypto exchange Bitflyer, which produced the study, said…
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Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents
Spain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they plan to “do it as soon as possible, so it can be…
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UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection
Epayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been complaining because they cannot access their money. Reports also detail that if the firm becomes…
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Ireland Seizes Bitcoin Stash Worth $56M But Can’t Sell for 7 Years
Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996. A new era…
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Uphold App Now Lets Users Easily Trade Directly Between Over 60 Cryptos, Fiat Currencies and Metals
The new Uphold mobile app features an ‘Anything to Anything’ interface, which lets users easily trade directly between more than 60 assets. This means that Uphold users in the UK for example, can now directly buy bitcoin cash (BCH) with their local GBP fiat without having to use an intermediary currency such as USD or…
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EU Countries Commence Crypto Regulations as Mandated by New Directive
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU’s Regulatory Deadline: Jan.…
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Wirex CEO Pavel Matveev Shares Expansion Plans for 2020
International payment and crypto service Wirex has enjoyed a productive year. Over the course of 2019, partnerships have been formed, a native token (WXT) released and the Wirex website and card completely redesigned. With the firm’s reach rapidly growing, CEO and co-founder Pavel Matveev has no plans to rest on his laurels. On the contrary,…
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A Better Alternative to Banking – Club Swan
The crypto community has had a rough relationship with traditional financial institutions with limited solutions available. Around the world, both early and recent crypto users have had bank accounts closed, transactions rejected, unnecessary delays in receiving their funds, or worse. To add to this dilemma, the availability of trustworthy and regulated solutions where both your…
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Tokens.net Seals Partnership With Bitcoin.com as an Official SLP Partner
Simple Ledger Protocol (SLP) is a protocol for token creation on the Bitcoin Cash (BCH) chain, promoting tokenization of assets in a simple and effective way. The Simple Ledger Protocol provides electronic wallets, block explorers, social media bots, token faucets and back-end infrastructure, as well as protocols for token creation and consulting for token resources…