United Kingdom news-Page 45
Following Launch of Services in the US, eToro Announces Listing of Tron
United Kingdom-based social trading platform eToro has announced the listing of Tron (TRX), the firm tweeted on Monday, March 25. The announcement comes on the heels of the launch of eToro’s crypto trading services in the United States earlier in March. The company announced it will offer crypto trading services to users in 32 U.S. states, listing 13 crypto assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM). The Tron token is the 11th top cryptocurrency, ranked according to its market capitalization of $1.55 billion. According to CoinMarketCap, TRX is trading at $0.023 …
Adoption / March 25, 2019
Blockchain Boom in Ireland, but Brexit Looms
Strong growth has returned to Ireland one decade after the banking crisis and international bailout. But, financiers and investors fear a “no deal” Brexit — in which the United Kingdom leaves the European Union without a trade agreement at the end of the month — could again destabilize Ireland’s boom-and-bust economy. The U.K. received 11 percent of Ireland’s exports of goods in the past year, while supplying more than one-fifth of its imports. The Irish central bank conjectures that an orderly exit from the EU would decrease the gross domestic product by 1.5 percent, according to a Reuters story. While …
Blockchain / March 18, 2019
Vonage Subsidiary Receives Patent to Secure Voice Communications With Blockchain
A telecoms firm owned by American cloud communications company Vonage has been awarded a patent for using blockchain technology to secure communications and recordings. The patent was published by the United States Patent and Trademark Office on March 12. NewVoiceMedia, Ltd. — a cloud service company based in Basingstoke, England — has been granted a patent for “system and methods for tamper proof interaction recording and timestamping.” Specifically, the development represents a system for securely recording voice communications, such as phone calls, using a distributed blockchain network. The system is purportedly designed to streamline secure file creation, storage and access …
Adoption / March 13, 2019
New Blockchain ETF Co-Operator Elwood Plans Fresh Crypto Investment Options
United Kingdom-based asset management company Elwood Asset Management is looking to increase its cryptocurrency offerings after co-launching a blockchain exchange-traded fund (ETF), Bloomberg reported on March 12. Elwood, which is owned by billionaire Brevan Howard creator Alan Howard, partnered with Invesco to bring a blockchain ETF to market this week. Now, the company told reporters that it is already eyeing what else it could offer institutional investors eager to gain exposure to the cryptocurrency arena. “The only way for institutions to get meaningful exposure to digital assets has been to buy Bitcoin, but many are reluctant or unable to buy …
Blockchain / March 13, 2019
Major UK Energy Company Acquires Stake in Blockchain Firm Electron
Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12. Kaluza — an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in Electron, a London-based energy tech company that uses blockchain technology. The move aims to facilitate Electron’s deployment of distributed energy trading platforms. Electron will purportedly use the proceeds of the investment to develop its energy platforms and systems, or its distributed flexibility marketplace. “The …
Adoption / March 12, 2019
HSBC Seeks Banking Partners in South Korea to Launch Voltron Blockchain Platform
United Kingdom-based banking giant HSBC is seeking banking partners in South Korea to deploy the blockchain platform Voltron in the country, Korean news outlet The Korea Times reports on Tuesday, March 12. As reported, Voltron is a platform that enables companies to process and settle their trading invoices via blockchain. The solution was launched in October 2018 by blockchain consortium R3 and eight banks — including HSBC, ING and Standard Chartered — and is currently at the pilot stage. HSBC's Innovation Director on Blockchain Joshua Kroeker, cited by The Korea Times, says that the company is planning to launch Voltron …
Adoption / March 12, 2019
Investment Firm Invesco Launches Blockchain ETF on London Stock Exchange
United States-based investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange (LSEG) today, March 11, financial newspaper Financial Times reports on March 9. Per the article, the Invesco Elwood Global Blockchain ETF will initially be targeting 48 companies involved with blockchain technology. The firms were reportedly selected through a proprietary scoring system developed by crypto investment boutique Elwood Asset Management. The article cites Apple, chip manufacturer Intel, graphics processing units manufacturer Advanced Micro Devices, mining hardware manufacturer Taiwan Semiconductor Manufacturing and United States exchange supporting Bitcoin futures CME Group as examples of companies …
Blockchain / March 11, 2019
UK Financial Regulator: Crypto Investors Are Driven by Interest to 'Get Rich Quick'
The United Kingdom’s Financial Conduct Authority (FCA) has published two pieces of research on Thursday, Mar. 7, which examine the attitudes of U.K. crypto consumers. The first study, conducted by research firm Revealing Reality, uses qualitative interviews to focus on the understanding of cryptocurrencies and motivations behind people’s decisions to invest in crypto assets. The researchers interviewed 31 crypto consumers and selected 17 of them for a follow-up interview. According to the interviews, many see cryptocurrencies as a way to “get rich quick” and a shortcut to wealth and easy money. Those who share this stance often mention others’ behaviour …
Bitcoin / March 7, 2019
Credit Agricole-Backed Blockchain Startup Setl Files for Insolvency in the UK
Setl, a Credit Agricole-backed blockchain startup based out of the United Kingdom, has filed for insolvency. The insolvency notice was filed on March 7 with U.K. authorities. Credit Agricole is reportedly the world’s largest cooperative financial institution, headquartered in France. Setl was founded by Peter Randall, one of the founders and former CEO of the alternative European stock exchange Chi-X, and Anthony Culligan, founder of peer-to-peer Bitcoin (BTC) trading venue Roolo, in July 2015. The company was granted approval from the French securities regulator to run a Central Securities Depository (CSD) in October last year. As Cointelegraph reported in January, …
Bitcoin / March 7, 2019
UK Financial Watchdog Warns Against Firm Claiming to be Authorized With FCA
The British financial regulator, the Financial Conduct Authority (FCA), has issued a warning against illegal crypto-related firm Next Coin Market, according to an official statement released on March 6. According to the FCA, Bulgaria-based Next Coin falsely claims to be authorized with the U.K. financial authority to offer cryptocurrency-related services to British residents. The FCA elaborated that Next Coin was sending users a link to a fake website that gives the impression that the firm is officially authorized by the FCA. However, Next Coin is not registered with the authority, the FCA said, claiming that the firm is involved in …
Bitcoin Regulation / March 7, 2019
Economic Historian Niall Ferguson: Crypto ‘Won't Turn Out to Be a Complete Delusion'
British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed. The historian — who authored a book on the history of currencies, “The Ascent of Money” — made his remarks at a private event during the Australian Financial Review (AFR) Business Summit earlier this week, the AFR reported on March 6. "I was very wrong. Wrong to think there was no […] use for a form of currency based on blockchain technology," Ferguson is reported to have said. Notably, as of last month, he sits …
Adoption / March 7, 2019
Crypto Futures Provider Volumes Increase 500 Percent After Acquisition by Kraken
United Kingdom-based crypto exchange and futures provider Crypto Facilities has significantly increased its trading volumes after being acquired by crypto exchange Kraken, according to the information shared with Cointelegraph Tuesday, Mar. 5. Cointelegraph spoke to Sui Chung, head of cryptocurrency pricing products at Crypto Facilities, according to whom the platform’s trading volumes have increased more than 500 percent. Chung said that company’s average daily trading volume was around $7 million per day in January. However, following the acquisition announcement, it has increased to $32 million per day in February, reaching up to $110 million one day that month. Chung linked …
United States / March 5, 2019