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Report: Coinbase Deposits for UK Users Now Take 10 Days, Must Be Over £1,000

News United States cryptocurrency exchange Coinbase has abruptly imposed a minimum deposit amount of 1,000 British Pounds ($1,240) for United Kingdom account holders, staff reportedly confirmed in private emails on July 16. Report: Coinbase Suspends Faster Payments Deposits in U.K.Coinbase, which ..

UK Finance Minister Says Regulators Should Decide on Libra, Not Lawmakers

News The United Kingdom Finance Minister Philip Hammond said that regulators and not lawmakers should decide on how to regulate Facebook’s stablecoin Libra, CNBC reported on July 15. In an interview with CNBC’s “Squawk Box,” Hammond said that lawmakers should not decide to require the social media..

UK Royal Mint to Provide Custody for New Cryptocurrency

News Royal Mint, a government-owned manufacturer of coins in the United Kingdom, will provide crypto custodial services for the first time ever, according to a press release shared with Cointelegraph on July 15. The 1,100 year-old financial institution is participating in the launch of new cryptoc..

Middle East Blockchain Development Primed to Lead the Global Industry

The United Arab Emirates is currently spearheading the Gulf crypto revolution, Ethereum seeks partnership ties

UK’s Biggest Store Tesco Pumps Bitcoin With ‘Bill Gates’ Twitter Scam

News Hackers took over the Twitter account of the largest supermarket chain in the United Kingdom to promote a bitcoin (BTC) scam this week. The news surfaced via IT magazine Bleeping Computer on June 25. Tesco, which has almost 550,000 Twitter followers, lost control of its account and began clai..

Europol Arrests Six People Allegedly Behind $27 Million Bitcoin Theft

News Europol, in conjunction with the United Kingdom’s South West Regional Cyber Crime Unit, the Dutch police, Eurojust, and the U.K.’s National Crime Agency (NCA), has coordinated the arrests of six people suspected of stealing over $27 million in cryptocurrency, according to a press release on J..

UK Financial Watchdog Blacklists Clones of Two Major Financial Firms

News The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corporation, an FCA-authorized firm offering crypto investments, and another company that is a clone of Goldman Sachs, the regulator announced on June 14. The financial re..