United Kingdom

Bank of England warns crypto adoption may impact credit creation

Bank of England Warns Crypto Adoption May Impact Credit Creation

Jon Cuncliffe, the deputy governor for the financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the crypto adoption 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 on social […]

Revolut raises $500M in a fresh funding round & hits $5.5B market cap

Crypto-Friendly Fintech Firm Revolut Raises $500M at a $5.5B Valuation

United Kingdom-based digital bank Revolut has raised $500 million in a fresh funding round and tripled its valuation to hit $5.5 billion. This, as the Financial Times reported on Feb 25, makes the crypto-supporting app one of Europe’s most valuable fintech firms. Since late 2017, Revolut’s app has enabled its users to complete transactions in […]

Brave Browser wants the UK to use GDPR to crack down on Google

Brave Browser Wants the UK to Use GDPR to Crack Down on Google

The team behind Brave Browser thinks that Google has an unfair competitive advantage due to its massive trove of user data. In a submission filed with the UK’s consumer protection agency, Brave argued that the country’s failure to enforce European data protection laws gives Google an unfair advantage. Brave Browser’s stance In an interview with […]

coinfloor now focuses on consumer btc services

Crypto Exchange Coinfloor Now Focuses on Consumer BTC Services

While the crypto community is talking about “altcoin season”, one of the world’s oldest crypto exchanges (Coinfloor) is calling BS on everything that is not BTC. After turning into a Bitcoin (BTC)-only exchange, the United Kingdom’s oldest cryptocurrency exchange Coinfloor is now expanding its consumer BTC services. Focused on Bitcoin, the world’s first-ever cryptocurrency exchange, […]

UK High Court freezes $1million bitcoin in ransomware case

UK High Court Freezes $1M of Bitcoin in Ransomware Case

A UK High Court ordered a proprietary injunction on Bitcoin obtained through a ransomware attack on a Canadian Insurance Company. The proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject to a proprietary claim. The UK High Court releases documents concerning a ransomware attack on […]

crypto cybercriminals

UK’s Tax Agency Wants to Deploy a Tech Tool to Combat Crypto Cybercriminals

To win over crypto cybercriminals, the UK’s tax authority HM Revenue and Customs (HMRC) wants to deploy a tech tool. The tool can help it identify cybercriminals trading in cryptocurrencies. It will be purely based on blockchain technology to effectively combat crypto cybercriminals. For this reason, the tax agency from Britain is now inviting suitable […]