Bitcoin Ownership Hits 9% In UK, YouGov Survey Reveals

Over 90 percent of UK residents have now heard of Bitcoin and up to 9 percent of some demographics own it, an upbeat new survey revealed November 7. 21 Percent See Bitcoin Being As Common As Fiat The findings by market research agency YouGov paint a surprisingly positive picture of consumer attitudes towards the largest…

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XRP is now available for Spread betting and CFDs on CMC Markets UK

On 6th November, CMC Markets, one of the global providers for CFDs and spreading announced the support for XRP. Tweet by CMC Markets UK: “Ripple is now available to trade with CMC Markets. It is both a platform used for the peer-to-peer transfer of currencies (RippleNet) and a digital currency (ripple XRP).” Contracts for Difference…

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Citi-Backed Blockchain Startup Setl Brings in BCG Executive as CEO

The appointment of Philippe Morel comes after Setl obtained French approval to maintain a central securities depository. UK-based blockchain startup Setl said on Tuesday it had hired Philippe Morel to serve as its new CEO. So far a high-ranking executive at management advisory major Boston Consulting Group (BCG), Morel is taking over the CEO responsibilities…

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Emma Integrates Crypto Exchanges into Money Management App

Emma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of “financial advocate” service, is designed to help millennials gain a better understanding of their finances. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage New…

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Brewdog Brand Welcomes Bitcoin Cash

One of Britain’s best known breweries is welcoming Bitcoin Cashers to its new bar. Scottish firm Brewdog, which boasts of making “beer for punks”, will be giving away £3,000 (US $4,000) at the opening of its Canary Wharf bar on October 19. The bar will be accepting BCH (and BTC) as payment, funded with the…

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London Block Exchange Announces GBP-Backed Stablecoin

London Block Exchange (LBX), a multi-cryptocurrency exchange based in the UK, is partnering with an unnamed bank to create a new cryptocurrency pegged to the British pound. Dubbed LBXPeg, LBX said in its announcement that the new cryptocurrency will be created on the ethereum blockchain and will be tied to the value of GBP held…

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“Wild West” Crypto Market Should Be Regulated, Says UK Treasury Committee

The UK Parliament’s Treasury Committee said that regulation is needed for the “Wild West” domestic cryptocurrecny market. In a report published on Wednesday, the Treasury Committee said that cryptocurrencies are a “Wild West industry” and need to be regulated to protect investors. The report called for the government to address the issues of poor security…

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

Following the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country. We’ve covered the escalation of the crackdown in The Daily. Also, Russia’s Interior Ministry wants to introduce criminal liability for shadowy…

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Mining Malware Hits UK Firms

The latest research has shown that almost 30 percent of the businesses based in the UK have confirmed that their infrastructure has been hit by a crypto mining malware in July 2018. With new ICOs launching every week and the awareness growing among the masses, such threats are enough to sabotage the businesses from entering…

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UK Financial Watchdog Issues Second Crypto ‘Clone Firm’ Warning This Week

The UK Financial Conduct Authority has warned investors over yet another crypto company impersonating registered firm. The UK Financial Conduct Authority (FCA) has sounded an alarm over yet another clone company on the cryptocurrency scene. In a second such warning in a week, the financial regulator said on Wednesday that a company called Good Crypto…

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Coinbase Adds British Pound Support, Speeding Fiat Transfers for UK Clients

Coinbase is now accepting also British pounds (GBP), enabling UK-based clients to make same-day fiat deposits and withdrawals. Leading US-based cryptocurrency exchange Coinbase said it is adding British pounds (GBP) to its list of accepted fiat currencies as of Thursday, in a move that will allow faster fiat deposits and withdrawals for its UK-based clients….

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UK Remittance Service TransferGo Adds Crypto Trading

UK-based service TransferGo has reportedly become the world’s first remittance operator to offer crypto trading, Bloomberg reported July 27. TransferGo now lets customers buy and sell five major cryptocurrencies –– Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). According to TransferGo CEO and founder Daumantas Dvilinskas, the crypto trading option was…

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UK Emerges As A Hub For Blockchain Tech

As blockchain technology continues to evolve and expand throughout the world, some countries are establishing themselves as world leaders in the blockchain and cryptocurrency industries. A few examples are Switzerland, China, Japan, and even the United States. However, although the United Kingdom isn’t fully recognized as a leader in the development of blockchain technology, a…

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UK Urged To Name Chief Blockchain Officer

A British politician has called for the creation of a Chief Blockchain Officer to oversee the implementation of Distributed Ledger Technology (DLT) in the UK Government. In a research paper, the Conservative Member for Walsall North, Eddie Hughes, argued blockchain would lead to greater efficiency and security in the running of government departments, potentially leading…

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The Daily: Report Sees UK as Crypto Leader, Jersey Adopts ICO Rules

The United Kingdom has what it takes to become a true leader in the crypto space, according to a new report covered in today’s Bitcoin in Brief. Also in The Daily, the British Crown dependency of Jersey has adopted new requirements for ICO projects to better protect participating investors, Malta now has a two-way bitcoin…

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Regulatory Round-Up: U.K. MP Calls for ‘Chief Blockchain Officer’, DLT Companies Enter FCA Sandbox, Bank of Finland Calls Crypto a “Fallacy”

In recent regulatory news, U.K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U.K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted into cohort 4 of its regulatory sandbox, and Finland’s Central Bank has published a report…

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UK Housing Minister Calls For UK Blockchain Chief

Eddie Hughes, the UK Minister for housing, has called on the UK government to appoint a Chief Blockchain Officer to enable social freedom, increase efficiency and rebuild societal trust. In a report released on Wednesday, Hughes said that by investing in blockchain and clarifying a regulatory framework around emerging technologies such as artificial intelligence (AI),…

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Binance Hack, Canadian Cannabis, & IRS Tracks Fraudsters – Bitcoin & Cryptocurrency News

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What World Leaders Think About Crypto, and How They Want Decentralization to Bolster Centralised Power

Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world's leaders —  and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past…

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UK Financial Conduct Authority Warns Banks Against Crypto Risks

The UK Financial Conduct Authority (FCA) has issued a letter to bank CEOs to advise them about the risks associated with cryptocurrencies. The letter acknowledged that there are many non-criminal motives for using cryptocurrencies, including using them as high-risk speculative investments or as a means of funding innovative technological development. However, the regulator said that…

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