Bitcoin surges as Trump-fuelled rally continues November 11, 2024 The controversial cryptocurrency hit a record high of $82,313 earlier this morning.
Bitcoin’s surge is thanks to one thing: Donald Trump’s improving ratings October 22, 2024 Donald Trump’s rising chances in the upcoming presidential election are helping bitcoin’s price come back close to its all-time high. Bitcoin’s price is up 11.5 per cent in the last ten days, and 26 per cent from its seven-month low in September, and analysts are pointing to a simple reason for the spike: Trump. Trump’s [...]
FCA: First illegal crypto ATM operator pleads guilty September 30, 2024 The first person charged with illegally running a crypto ATM network has pleaded guilty after the Financial Conduct Authority brought a case against him earlier this month. Olumide Osunkoya pleaded guilty today to five offences at Westminster Magistrates’ Court, after running multiple crypto ATMs without FCA registration. In addition, he was charged for creating and [...]
Premier League fantasy football partner Sorare charged by Gambling Commission September 26, 2024 Cryptocurrency based fantasy football game Sorare, an official Premier League partner, has been ordered to appear in court next week on the charge of providing unlicensed gambling facilities to British consumers. The charges have been brought by the Gambling Commission, which first opened an investigation into Sorare in October 2021, and could lead to unlimited [...]
City regulator charges first individual with running illegal crypto ATM network September 10, 2024 The City watchdog has brought its first charges against an individual for running a network of illegal cryptocurrency ATMs.
FCA goes six months without registering a single crypto firm amid criticism of tough regime August 27, 2024 The City watchdog has gone six months without registering a crypto firm, amid criticism that its tough approach to regulation poses a risk to the UK's competitiveness in digital assets.
Britain missing out on billions of crypto tax revenue as HMRC fights back August 27, 2024 The UK could be missing out on billions in tax revenue from crypto investors that is currently going unreported. As Norwegian tax returns are public, recent research from Norway was able to find that 88 per cent of all Norwegian crypto investors fail to declare their holdings. While each tax-avoiding investor owed on average between [...]
Watchdog cracks the whip on crypto firms after compliance failures August 8, 2024 The Financial Conduct Authority has complained that crypto companies are failing to comply with new rules regulating their advertising, with many attempting to skirt the rules. “We have seen firms relying on industry comparisons to benchmark what is acceptable. Given the levels of poor practice in the market, firms should not be doing this,” complained [...]
Crypto-Friendly Sygnum Bank Posts Record Profit and $4.5 Billion in Client Assets July 31, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Sygnum Bank has announced its first-half profit for 2024, driven by a substantial increase in crypto trading volumes. The bank, which holds $4.5 billion in client assets, attributed this [...]
Political Winds Continue to Turn as Politicians Race to Show Support for Crypto July 30, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. The great political circus that is a US election has recently been running on overdrive. President Biden has announced he will not be running for re-election. Republican challenger Trump [...]