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UK Investor Who Lost a Million Still Has Faith in Bitcoin

UK Investor Who Lost a Million Still Has Faith in Bitcoin

It’s a familiar story, but it still hurts for those who have had the same experience as investor Peter McCormack who lost $1 million in the recent bear market. But he has faith. McCormack claims that he got himself too “caught up in the hype’ during the buoyant and heady cryptocurrency market in 2017. The ex-London advertising agency manager decided …


ATMs Still Gaining Popularity Globally with 5 Daily Installations

ATMs Still Gaining Popularity Globally with 5 Daily Installations

The installation of cryptocurrency ATMs continues around the world as it has done throughout 2017, despite the crypto market downturn. Newly-published figures indicate that new installations have taken the number of extant machines around the globe past the 4,000 total. This illustrates the degree to which users are increasingly needing a convenient way to access their crypto assets. According to …


UK Crypto Businesses Boast £200 Million Investments in 2018

UK Crypto Businesses Boast Over £200 Million Investment in 2018 (1)

Cryptocurrency businesses in the UK in 2018 broke new ground, raising GBP 200 million (USD 255 million) from venture capital investors, demonstrating the health of the industry despite the market downturn last year. As for current concerns regarding a no-deal Brexit in the UK, Chancellor Philip Hammond‘s forecast last year that the UK could see an 87.7% hit to GDP and …


Ethereum Foundation Awards $5 Million Grant to Parity Technologies for Ethereum 2.0

Ethereum Foundation Awards $5 Million Grant to Parity Technologies for Ethereum 2.0

In a blog post by the Ethereum Foundation yesterday, the non-profit arm of the Ethereum development network announced a grant of USD 5 million awarded to UK-based Parity Technologies. It would seem the grant was given to Parity Technologies to fund developments of Ethereum 2.0 in the areas of scalability, usability, and security. Specific areas of interest highlighted included Parity’s …


Crypto Will Surge in 2019 as People Better Understand Underlying Tech

Crypto Will Surge in 2019 as People Better Understand Underlying Tech

Cryptocurrencies will surge moving forward according to Etoro managing director and cryptocurrency expert Iqbal Gandham. He is convinced that a greater understanding of cryptocurrency’s underlying technology will create a rally in Bitcoin and other digital currencies this year. Speaking on Sky News, Gandham still feels that “Bitcoin is the so-called ‘daddy’ of the crypto-asset market”, adding, “It is just as …


Overstock’s tZERO Wins Patent for Crypto Integration Platform

overstock tzero patent crypto integration bitcoinnews

Overstock’s security token trading subsidiary tZERO has won the patent for a “crypto integration platform” designed to integrate the cryptocurrency market with legacy trading systems. The design draws a premise from the fact that “recent increasing adoption of cryptocurrencies (e.g., Bitcoin) worldwide creates challenges for existing trading systems”. The integration involves a complex but precise process of communication between blockchain …


Coinfloor to Launch Derivative Crypto Futures Amid Tough Market

coinfloor derivative crypto futures markets bitcoinnews

Top UK cryptocurrency exchange Coinfloor has told Bloomberg, that it is venturing into the derivatives market despite the seemingly poor market outlook and fierce competition in the futures market, with physically-delivered Bitcoin futures the new emerging derivatives for the asset class. The CoinfloorEX spinoff of the Coinfloor cryptocurrency exchange will be offering the new physical Bitcoin futures services to sophisticated Asian …


Texas Department of Banking Considers the Possibility of Stablecoin Licensing

Texas Department of Banking Considers the Possibility of Stablecoin Licensing

A supervisory memorandum shared on 2 January by the Texas Department of Banking directed towards all cryptocurrency related businesses, addressed the subject of regulatory concerns for cryptocurrencies, and stablecoin licensing under the Texas Money Services. The Banking Commissioner Charles G. Cooper made his case towards the existence of cryptocurrencies and identified them as an “electronic medium of exchange,” however, lacking …


UK’s First Auction of Seized Cryptocurrency by Independent Body Scheduled

UK's First Auction of Seized Cryptocurrencies by Independent Body Scheduled

An independent auction house in Northern Ireland has become the first of its kind worldwide to facilitate a sale of seized cryptocurrency assets. The sale of 167.7 monero coins with a current exchange rate of £6,655.36 is to sell via a 24-hour live auction, enabling investors to have the chance to take part and place bids on the crypto. This …


UK’s FCA Continues Clampdown on Unauthorized Exchanges

FCA, UK, exchanges

The UK financial regulator, the Financial Conduct Authority (FCA), is continuing its probe into the activities of unauthorized cryptocurrency firms. According to information received to a freedom of information request by The Sunday Telegraph, the FCA had opened inquiries into as many as 67 cryptocurrency related inquiries since the middle of November. 49 of these inquiries are now closed, with …


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