London-based law firm Michelmores LLP has surveyed affluent millennials in the United Kingdom and discovered that 20% have invested in Bitcoin (BTC) and other cryptocurrencies. The survey, reported by FXStreet on Sept. 17, revealed that among those born between 1981 and 1996 with investable assets of £25,000 ($31,000) or more, 20% had invested in the new asset class. Almost 7 times the national average As FXStreet notes, this 20% figure is markedly higher than the national average of 3% — indicating that well-off millennials in the U.K. are almost 7 times more likely to invest in cryptocurrencies than the general …

City of London Police have arrested a 19-year-old citizen suspected of hacking major music acts in a bid to steal unreleased songs and sell them for digital currency, Canadian daily newspaper The Vancouver Sun reported on Sept. 13. The Manhattan District Attorney’s office initiated an investigation after receiving complaints from management companies of recording artists. Commenting on the matter, Detective Inspector Nick Court from the City of London Police Intellectual Property Crime Unit stated: “Today’s action marks a significant point in our investigation into the individuals responsible for stealing music and selling it on illegal streaming websites, worldwide.” Crypto facilitates …

Updated: Sept. 12, 11:30 PM UTC: Upon contacting the lawyers in the case, Cointelegraph has clarified that Coinbase had not settled in the case, but rather agreed to facilitate a transfer of funds from a hacker to the hacking victim. The article has been corrected accordingly. The United Kingdom arm of cryptocurrency exchange Coinbase has agreed to transfer lost Bitcoin to the victim of an email phishing attack (BTC) after a court order to reveal the hacker’s identity. Stolen Bitcoin diverted to Coinbase On Sept. 10, legal news site Law360 reported that Coinbase U.K. had agreed to transfer the 60 …

The United Kingdom, the United States, Hong Kong and Singapore have the largest number of registered digital currency exchanges, according to data from Bitfury’s blockchain analytics platform Crystal. Crystal published its “Report on International Bitcoin Flows 2013–2019” on Sept. 9, in which it provides insight into cryptocurrency operations and Bitcoin (BTC) transactions around the world between Jan. 1, 2013, and June 30, 2019. U.K. and U.S. lead the rating The findings show that the largest number of registered crypto exchanges are in the U.K., the U.S., Hong Kong and Singapore. Countries such as Argentina, India, Mexico, Russia and Indonesia report …

Nickel Asset Management, a United Kingdom-based hedge fund manager, has raised $50 million for its newly launched digital assets arbitrage strategy fund. The fund breaks new ground because it is the first run by a UK Financial Conduct Authority (FCA)-regulated manager. According to a report from Finance Magnates on Sept. 9, the hedge fund has raised $50 million for its newly launched crypto investment fund, Nickel Arbitrage Fund, which aims to take advantage of arbitrage trading in digital assets. In arbitrage trading, traders buy an asset on one exchange and sell it on another at a higher price, thereby profiting …

With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling. The United Kingdom’s liberal-leaning daily newspaper The Independent reported on Sept. 3 that Bitcoin has, amid the country’s parliamentary drama and the pound’s tribulations, by contrast, seen a solid and protracted period of growth. By press time, the top cryptocurrency is trading above $10,500 — up 8.36% on the week. The British pound, meanwhile, was at one point yesterday trading below $1.20 — a …

Distributed ledger technology (DLT) company Iota has partnered with auto manufacturer Jaguar Land Rover for a proof-of-concept (PoC) demonstration for tracing car energy with DLT. Tracking energy source and usage Iota announced the news in an official blog post on Aug. 30. Per the announcement, Iota is partnering with Jaguar Land Rover and French energy R&D center Engie Lab Crigen for the demonstration. The demonstration aims to show the public both the source and use of a Jaguar I-Pace’s energy at the Trondheim Powerhouse, the building whose inauguration forms the background for the proof-of-concept. Russell Vickers, the manager of Jaguar …

The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics since January 2019. The ASA received four complaints, each accusing the platform of being misleading about Bitcoin investment profitability. The court satisfied the complaints. However, this was not the first time that a state took a tough attitude toward advertisement of cryptocurrencies. Here is an overview of how cryptocurrencies are advertised — or not — in the world right now. Ban, no freedom The first …

A far-right party in the United Kingdom has published what it describes as the country's first coherent cryptocurrency policy. On Aug. 24, the National Liberal Party (NLP) wrote a post on its website arguing that the U.K.’s current cryptocurrency policy is non-existent — and alleged the government has failed to take a stance on regulation. Failures of the political mainstream The NLP struck an alarmist tone in its post — claiming “UK Citizens have been defrauded by crypto criminals to the tune of billions” and that fraudulent cryptocurrency schemes continue to target consumers and operate with impunity. It goes on …

A British judge has ordered the confiscation of $1.1 million worth of cryptocurrency from a hacker who used phishing attacks to steal personal data and sell it on the dark web. As The Telegraph reported on Aug. 23, judge Joanna Korner of Southwark Crown Court ruled that the police could confiscate $1.1 million worth of digital currency from Grant West. In his cyber attacks, West allegedly operated under the online pseudonym “Courvoisier” and used phishing emails to steal customers’ personal data — including financial data, as well as credit and debit cards details — before selling it on the dark …

"People always ask how I am coping with living on Bitcoin,” a British software developer told The Mirror in an interview this week, “but the truth is that my lifestyle hasn’t really changed.” The Mirror — a British daily tabloid founded over a century ago — ran its interview with 24-year old Zakk Lakin on Aug. 22. An employee at crypto exchange CoinCorner, Lakin was given the option to receive part — or all — of his salary paid in cryptocurrency, and he went the full monty. 100% Bitcoin Lakin noted “buying things with crypto is easier than people think,” …

It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank. While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British pounds at the exchange, ClearBank won’t offer the exchange the same service until at least the end of Q3 2019. Deposits and withdrawals in pounds for Coinbase’s U.K. customers, which once took seconds, will for now take days to process. In the wake of Barclay’s …