Tag: UK

It doesn’t take much expertise to know that two of the largest technological trends in modern times are blockchain technology and artificial intelligence (AI). While many countries all over the world are interested in how AI can apply to everything from the financial sector to the military sector; there are also many governments who are unsure about how to regulate…

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My Online Security, a UK-based cybersecurity website has discovered a spoofing attack which masquerades as the BBC‘s website, and redirects users to an affiliate bitcoin generation page and phishing platform, Security Intelligence reports on January 15. Email Scamming For Bitcoin Reportedly, an email scam is on the loose, and it was brought to light by My Online Security a few…

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During this series covering the regulation of blockchain and cryptocurrencies, BTCManager has taken a look at nations who have all taken relatively unique approaches in their attempt to accommodate the technology. While there may be some similarities, the pieces have focused on events that make them stand-out amongst the rest. This installment is no different as the United Kingdom has had…

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Her Majesty’s Revenue and Customs (HMRC), a non-ministerial department of the British government in charge of the collection of taxes, has published a paper highlighting the various types of fees applicable to blockchain-based virtual currencies and how cryptocurrency traders should handle their cryptos, according to a report released December 20, 2018, by the agency. Cryptoassets Are Properties not Money In…

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On December 10, 2018, a UK Member of Parliament (MP) spoke out in favor of cryptocurrencies, calling for colleagues to educate themselves further on the technology and, suggested they could be used to pay taxes. Pro-Crypto MP According to an article published by UK media outlet the Daily Express, Eddie Hughes, an MP belonging to the Conservative party, who are…

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The UK’s oldest bitcoin exchange Coinfloor is about to slash its staff numbers in a blow to bitcoin as well as London’s blooming cryptocurrency industry, Financial News reported on October 8, 2018. A Setback for the U.K.’s Fintech Industry Coinfloor, the U.K.’s oldest bitcoin exchange established in 2013, is in the process of slashing most of its approximately 40 employees….

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According to a report from the Big Innovation Centre, DAG Global, and Deep Knowledge Analytics, Britain has all the necessary resources, the government support, and the industrial will to lead the cryptocurrency and blockchain movement in the next few years. Britain has been quite progressive in 2018 when it comes to the cryptocurrency industry. Not only are they investing heavily…

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Recognizing the inherent potentials of distributed ledger technology (DLT), Eddie Hughes, a UK legislator and member of the Conservative Party, has called for the establishment of an office of the chief blockchain administrator, citing it as good leverage for accelerating the mode of governance. The Need for Transparent Governance Per a City A.M. report, the lawmaker has claimed that the…

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Ripple came under attack during a UK Parliamentary hearing in the UK that discussed cryptocurrencies and blockchain technology on May 1. Ripple Under the Spotlight The attacks didn’t come from members of Parliament, but rather Martin Walker and FT Alphaville editor Izabella Kaminska who spoke before the Treasury Committee. The pair also submitted written evidence saying that within the crypto…

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British energy giant Centrica announced April 30, 2018, that it plans to “deploy blockchain technology as part of Local Energy Market trial in Cornwall.” The platform, named Exergy, will enable small consumers and businesses to trade electricity with each other depending on need. Blockchain to Disrupt Traditional Energy Model The pilot project, to be implemented in partnership with LO3 Energy,…

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