UK delays stablecoin regulation amid rise in crypto investing November 26, 2024 The government has delayed the rollout of a regulatory regime for stablecoins, it has been confirmed. City minister Tulip Siddiq confirmed that the government’s plan for stablecoin regulation, which had been expected this year, would be rolled into a larger regulatory plan for crypto next year. “Doing everything in a single phase is simpler, and [...]
Robinhood boss says UK’s stance on crypto trading is ‘backwards’ November 17, 2024 The billionaire chief executive of investment platform Robinhood has said UK policymakers' stance on cryptocurrency trading is "backwards" compared to regulated forms of gambling.
FTX hits Binance with lawsuit over Sam Bankman-Fried transactions November 11, 2024 FTX launched legal action against Binance, seeking the return of almost $1.8bn that was allegedly transferred fraudulently.
Bitcoin surges as Trump-fuelled rally continues November 11, 2024 The controversial cryptocurrency hit a record high of $82,313 earlier this morning.
St James’s Place: More changes in mandates to come, CIO says October 25, 2024 There will continue to be a significant shake-up in who manages some of the biggest funds at the UK's largest wealth manager, the chief investment officer of St James's Place has told City AM.
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 [...]
Khan says London is open for business as tech firms confirm expansion plans October 14, 2024 Three tech firms Mphasis, Constant Contact and Moonpay, are set to expand, invest and launch in London in the coming months, mayor Sadiq Khan has announced. The Indian IT giant, US-based marketing firm and Miami-headquartered fintech have all unveiled upcoming plans to boost their presence in the UK capital. Mphasis opened a new London office [...]
London’s FTSE 100 is ‘substantially concentrated’ as regulator frets over volatility risk October 10, 2024 The UK stock market is “substantially more concentrated” than Europe or even the US, analysts have warned, as regulators fret over the clustering of the biggest British stocks on London’s FTSE 100. In a speech earlier this week, Financial Conduct Authority chief executive Nikhil Rathi warned that market concentration was leading to a “sharp rise [...]
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 [...]
US accuses Georgia government of running scam call centres August 14, 2024 The Georgian government has been accused of operating scam call centres that defraud UK investors of millions each year. The Commission on Security and Cooperation in Europe – also known as “the Helsinki Commission” – called on the US State Department to launch an immediate crackdown on the Georgian Dream party. A statement released by [...]