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Tag Archives: UK

U.K. Exchange Crypto Facilities Launches Bitcoin Cash Futures

Bitcoin cash, the fourth-largest cryptocurrency, took another step into the big leagues on Friday when a European derivatives trading platform launched the first regulated, USD-denominated bitcoin cash futures. This product, which began trading on the U.K.-based Crypto Facilities on Friday at 4 p.m. local time, allows investors to bet on the future price movements of bitcoin cash, as well as ...

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UK Regulator Warns Investors of Rising Cryptocurrency Scams

The Financial Conduct Authority, UK’s financial watchdog, is reminding consumers that cryptocurrency scams are rising in the country. Residents in the United Kingdom who decide to invest in Bitcoin or any other virtual currency are not protected by the regulatory framework given that cryptocurrencies are not regulated by the FCA. £2 Million Lost In Cryptocurrency Scams In June And July ...

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UK Watchdog Warns of Crypto Scams Using ‘Prestigious’ London Addresses as Smokescreen

The U.K.’s Financial Conduct Authority (FCA) has said that crypto investment scams are increasingly targeting British investors, in an official warning published August 17. The watchdog warns that fraudsters often use celebrity images, slick websites or “prestigious” City of London addresses as a smokescreen through which to lure prospective investors. It adds: “Scam firms can manipulate software to distort prices ...

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1 in 3 U.K. Businesses Hit by Cryptojacking in July: Study

A new study published by Citrix has suggested that approximately 30 percent of businesses in the U.K. fell victim to cryptojacking attacks in July alone, as criminals continue to push malware that secretly uses the processing power of their computers to mine cryptocurrency. The research, which was commissioned by software company Citrix, asked 750 IT executives from the United Kingdom ...

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More Than Half of UK Companies Hit by Cryptojacking Malware at Some Point

As much as 59 percent of U.K. companies have been affected by cryptojacking malware at some point. Roughly half of those cases took place in the previous month, news outlet Internet of Business reports August 15, citing a research commissioned by Citrix. According to Internet of Business, the research, commissioned by software company Citrix and performed by OnePoll, asked 750 ...

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UK Financial Regulator Warns Investors About ‘Clone Firm’

The U.K. Financial Conduct Authority (FCA) has warned investors about a so-called “clone’ company of investment firm Fair Oaks Capital Ltd., in a statement published Aug. 7. Clone firms are companies that carry out business activities under the pretense that they are a firm registered by the FCA. Almost all legal entities involved in financial services in the U.K. must ...

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UK Financial Authority Creates Global Alliance for Fintech Innovation Collaboration

The UK Financial Conduct Authority (FCA) has announced the creation of a global initiative to improve collaboration on fintech innovations — like blockchain — between regulators and companies, according to an official August 7 press release. The FCA states that the new alliance, the Global Financial Innovation Network (GFIN), will work in collaboration with 11 financial authorities and related organizations ...

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How Will the UK Deal With Crypto After Brexit: Expert Take

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV ...

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Coinbase Begins British Pound Support for UK Bitcoin Customers

Users at Coinbase will now be able to deposit and withdraw funds in British Pound, the San Francisco company announced on Wednesday. Until now, Coinbase UK users had to convert their cryptocurrency holdings into Euro and then into pound sterling via international transfers. The process owed costly intermediaries; for instance, SEPA fees that could go as much as ¢10 per ...

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