United Kingdom

Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise,…

HSBC Reports 25% Savings in Forex Trade Settlement Using Blockchain

London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter,…

Institute of Decentralized Economics Launches in UK to Study Blockchain Economic Systems

The Institute of Decentralized Economics (IDE) has opened in London, the United Kingdom on Feb. 14, according to a press…

British Financial Historian Niall Ferguson Says Bitcoin Is “an Option on Digital Gold”

Niall Ferguson, British economic and financial historian, believes that Bitcoin (BTC) is “an option an digital gold,” as he said…

UK Customs Service Postpones Blockchain-Driven Border Project Until After Brexit

Her Majesty's Revenue and Customs (HMRC) has delayed further work on a successful blockchain project in the wake of Brexit,…

Standard Chartered Signs MoU With Chinese Blockchain Finance Platform Linklogis

London-headquartered multinational banking and financial services firm Standard Chartered has signed a memorandum of understanding (MoU) with Tencent-backed Chinese fintech…

UK Financial Watchdog: $255 Mln Lost in Crypto-Related, Other Investment Scams in 2018

The United Kingdom Financial Conduct Authority (FCA) has reported that common investment scams’ losses — including those crypto-related — amounted…

US Crypto Exchange Coinbase Launches Paypal Withdrawals Support for EU Users

Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency…

Isle of Man Gov’t Executive Agency Forms Global Blockchain Office, Regulatory Sandbox

An advisory body for the self-governing British dependency Isle of Man (IoM) has launched a hub to promote the development…

Kraken Buys UK Exchange Crypto Facilities for at Least $100 Million

United States cryptocurrency exchange Kraken has acquired United Kingdom-based cryptocurrency exchange and futures provider Crypto Facilities, the company confirmed in…

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