Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

UK Crypto Businesses Boast £200 Million Investments in 2018

written by

Support free journalists: > send a tip

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 a GBP 80 billion black hole in public finances in a no-deal scenario holds no concern for many cryptocurrency experts moving forward towards D-day.

Mike Romanov, chief executive of Digital Securities Exchange (DSX), sees Brexit as a further way of the UK establishing its own rules for cryptocurrency trading which will push the sector forward, arguing, “Britain is already looking at how it can maintain its dominance in financial services post Brexit, even as some major players abandon ship ahead of March next year.”

Last year saw the world’s leading full-service blockchain technology company Bitfury launching its series A funding, raising GBP 61 million; this compared to 2016 where crypto companies combined in the UK received GBP 51.96 million, a figure which dropped GBP 19.11 million in 2017.

The figures were released as part of a recent report published by Pitchbook and London & Partners, which also revealed that London was way ahead of other European capitals such as Berlin, Paris or Stockholm. London’s Deputy Mayor for Business, Rajesh Agrawal, commented:

“These figures demonstrate that London is going from strength to strength as a global hub for technology, innovation, and creativity. The fantastic success of our tech sector is rooted in our city’s openness and our diverse, international talent pool.”

He went to assure the industry that regardless of Brexit, whatever the outcome on 29 March, London is still open for crypto business and new technology. Kay Swinburne, a member of the European Parliament for Wales, echoed these thoughts, suggesting the need to stay relevant in embracing blockchain technology, thereby remaining a major European hub for business.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy:

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter