Category: UK

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Crypto News Summary: Samsung’s ‘Private Blockchain’ Security System, Five Charged Over $2.5M NFT Theft

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Crypto News Summary: Samsung’s ‘Private Blockchain’ Security System, Five Charged Over $2.5M NFT Theft  Read more »Sign up for e-EUR – the progressive stablecoin

Google to Require Government Authorization to Provide Advertising Services for Financial Products in Spain

Google, the web search and software monolith, has announced that it will require authorization from government entities to lend advertising services to financial companies in Spain. This measure, which was also implemented in the U.K. back in 2021, is expected to be extended to more countries in coming months. Google to Require Government Authorization…
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Brits are Turning to Bitcoin as the Pound Plummets Against the US Dollar

Bitcoin (BTC) has been winning the attention of British investors amid a plunge in the price of the British pound (GBP) against the dollar (USD).  Data first pointed out by James Butterfill, head of research at Europe’s largest digital asset investment firm CoinShares, indicates that Bitcoin trading volumes have seen an explosion against GBP in…
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British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday morning. Pound Sinks Against Greenback…
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Web3 Metaverse Company Hadean Raises $30 Million in Series A Funding Round Backed by Epic Games and Tencent

Hadean, a company using computing to scale virtual and metaverse worlds, has successfully closed its Series A funding round, raising $30 million. Among the companies that invested were gaming giant Epic Games and Chinese entertainment behemoth Tencent. Hadean aims to keep developing its metaverse-scaling infrastructure and software. Hadean Closes $30M Series A Funding Round…
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FTX Met With UK Regulator Over Licensing but Ended Up ‘Surprised’ by the Warning, According to Reports

Major crypto exchange FTX has reportedly been discussing its licensing with the UK Financial Conduct Authority (FCA) – before the latter issued a statement against it.  As reported, the chief financial regulator in the United Kingdom issued a warning against Bahama-based crypto exchange, claiming it operates without authorization and is “targeting people in the UK.”…
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Hackers Attack EthereumPoW and ETH Vanity Addresses, Binance Partners With Ukrainian Varus, FTX Has $1BN for Acquisitions & Bailouts + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Hackers Attack EthereumPoW and ETH Vanity Addresses, Binance Partners With Ukrainian Varus, FTX Has $1BN for Acquisitions & Bailouts + More News  Read more »Sign up for e-EUR – the progressive…
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IMF Bailout Could Be in UK’s Future, Says Strategist

Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990 and it may be the worst since before that.” Strategist Discusses Possibility…
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Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt

Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008, as Italy faces political uncertainty, an energy crisis, and an inflation rate…
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India Surpasses UK as World’s 5th Largest Economy Based on IMF Data

India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to become the world’s third-largest economy by 2028-30. India Becomes 5th Largest Economy in the World India has leaped past the U.K. and become the fifth-biggest…
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