UK

The post MetaMask Launches Pooled ETH Staking, Except For US UK appeared first on Coinpedia Fintech News MetaMask has launched its pooled staking service, which allows users to stake any amount of ETH and earn rewards for contributing to the network’s security. MetaMask’s move is supported by Consensys Staking. The company revealed that it has zero slashed validators and a 99.9% validator participation rate. Currently, the service is available to a small group of users, while a broader launch can…

Tallinn, Estonia, June 4th, 2024, Chainwire SwissBorg, a leading European cryptocurrency investment platform, is proud to announce its full compliance with the Financial Conduct Authority's (FCA) stringent rules on financial promotions in the UK. One of a few cryptocurrency platforms to ensure such compliance in the UK, SwissBorg ensures that UK users are equipped with the necessary knowledge and skills to navigate the world of cryptocurrency investments. SwissBorg has implemented robust measures to comply with the UK's financial promotions regulation,…

UK Judge James Mellor has publicly shared the approved judgment in the case involving Australian entrepreneur Craig Wright and the Crypto Open Patent Alliance (COPA). The term “approved” signifies that a decision or judgment has been formally accepted and ratified by a higher authority, making it legally binding. In a High Court ruling, Judge James Mellor dismissed Craig Wright’s claim to be Satoshi Nakamoto, the inventor of Bitcoin. The decision came after a five-week trial in March, marking a significant…

The post UK Elections Unlikely to Impact Crypto Regulation appeared first on Coinpedia Fintech News Industry stakeholders believe that the approaching UK elections will not affect the country’s progress in regulating the crypto sector. The UK became a crypto hub in 2022 with the introduction of the markets bill by the Conservative party, which enabled crypto to be regulated by the Financial Conduct Authority (FCA). The ruling Conservative party has promised to introduce legislation for stablecoins and staking in the…

The post UK Official Warns Against Strict Crypto Regulations Amid Political Uncertainty appeared first on Coinpedia Fintech News Bim Afolami, Economic Secretary to the Treasury of the UK government, had announced in February 2024, the government’s aim to introduce new regulations for stablecoins and staking services. However, Afolami now advocates for a swift implementation of stablecoin and staking legislation. In spite of the impending general election, Afolami remains confident that these regulations can be enacted in the coming few weeks,…

The decline in the inflows into Spot Bitcoin ETFs from the best crypto ETF platforms in the UK, such as BlackRock and Bitwise, could result from investors' mass adoption of ETFSwap (ETFS) due to its decentralized features and improved services.  Top 3 Crypto ETF Trading Platforms In The UK Crypto analyst Crypto Rover on X suggested May 1, 2024, was the worst Spot Bitcoin ETF outflow since launch as data from the Farside ETF analytical dashboard agrees that investors could…

The post UK Treasury Report: Crypto Identified as High-Risk for Money Laundering 2022-2023 appeared first on Coinpedia Fintech News A.U.K. Treasury report ranked crypto, alongside retail and wholesale banking, and wealth management, as the three highest-risk sectors for money laundering during 2022-2023. The Financial Conduct Authority’s risk assessments on 238 firms concurred with the outcome. Since 2020, the FCA has regulated crypto firms to comply with anti-money laundering rules. In fact, the U.K. has been fighting crypto crime by appointing…

In the ever-evolving cryptocurrency landscape, strategic alliances and partnerships often dictate the trajectory of emerging projects. With Hedera’s recent entry into the United Kingdom Crypto Asset Business Council (UKCBC), attention has shifted towards innovative projects like Rebel Satoshi ($RBLZ), positioning itself as a potential challenger to established meme coins like Shiba Inu. Hedera’s UK Crypto Council Entry: A Catalyst for Industry Collaboration Hedera’s integration into the United Kingdom Crypto Asset Business Council (UKCBC) marks a significant milestone in cryptocurrency. As…

A UK judge froze £6 million of Craig Wright’s assets amid concerns he’d evade court costs after losing a case disputing his claim as Bitcoin’s inventor. According to the judge’s ruling, Wright failed to prove he authored Bitcoin’s white paper or initial software versions. A UK judge issued a worldwide freezing order on £6 million of Craig Wright’s assets, amounting to $7.6 million, to prevent potential offshore transfer. The decision comes after a court case where Wright failed to substantiate…