The United Kingdom Advertising Standards Authority has upheld a complaint lodged against cryptocurrency exchange Coinfloor for its publication of a Bitcoin (BTC) advertisement in a regional news outlet. The ad, published in the Northamptonshire Telegraph on Dec. 3, 2020, was deemed to have targeted retirees, according to the complainant, who claimed the ad was misleading and socially irresponsible. The ad led with the title “There is no point keeping your money in the bank…” and featured an image of a woman, aged 63, describing her decision to convert part of her pension into Bitcoin. The retiree depicted in the advert …

While the crypto community is talking about “altcoin season,” one of the world’s oldest crypto exchanges 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, Coinfloor is launching a range of new consumer-oriented investing and trading services in order to make Bitcoin easy for everyone, the firm said in an announcement shared with Cointelegraph on Feb. 19. Coinfloor wants to reduce stress of buying Bitcoin As part of its “no BS” …

London-based cryptocurrency exchange Coinfloor will delist all cryptocurrencies but Bitcoin (BTC) to focus on Bitcoin only services in January. The United Kingdom’s oldest crypto exchange will delist all cryptos including the second-biggest altcoin Ether (ETH) and Bitcoin Cash (BCH) in conjunction with the 11th anniversary of Bitcoin’s launch on Jan. 3, 2020, Coinfloor said in a blog post on Dec. 17. Bitcoin is the only cryptocurrency that is proven so far, Coinfloor CEO says Obi Nwosu, CEO and founder of Coinfloor, said that Coinfloor’s move comes in line with the company’s vision to focus on cryptocurrencies that are “proven” so …

CoinfloorEX, a unit of the United Kingdom cryptocurrency exchange Coinfloor, has been reorganized to offer trading of physical Bitcoin futures on the Asian market. The CEO of the company has revealed this in an interview with Bloomberg on Monday, Jan. 7. The rebranded CoinFLEX — short for Coin Futures and Lending Exchange — is reportedly owned by a consortium that includes Roger Ver, an early Bitcoin (BTC) entrepreneur and the supporter of the most recent controversial Bitcoin Cash (BCH) hard fork. The consortium behind CoinFLEX also includes another early BTC investor Mike Komaransky, United States investment banking firm Dragonfly Capital, …

British cryptocurrency exchange Coinfloor is laying off the majority of its staff, news outlet Financial News reported Oct. 8. Coinfloor is a London-based digital currency trading platform founded in 2013. Coinfloor is reportedly the oldest crypto exchange in the U.K. and is focused on institutional and sophisticated investors. According to CoinMarketCap, Coinfloor’s daily trading volume is around $1 million at press time. Two people familiar with the matter told Financial News that Coinfloor is laying off the greater part of its approximately 40 employees. The exchange’s CEO Obi Nwosu told Financial News that Coinfloor has “seen significant change in trade …

London-based Bitcoin exchange Coinfloor plans on raising funds for expansion and launch a Bitcoin exchange traded fund linked to traditional commodities. UK Bitcoin exchange platform Coinfloor announced it will start accepting deposits in USD, euros and Polish zloty starting from Tuesday, reported the Financial Times on October 19. Coinfloor banks with Poland's largest financial institution PKO Bank Polski, and has admitted that British banks weren't keen in doing business with the company due to the uncertainties surrounding Bitcoin's legitimacy in the UK. Thus, Coinfloor's announced acceptance of Polish zloties is rather a sign of the UK's skepticism regarding digital currencies. …