News list for "London"
Bitcoin fell in light holiday trading after failing to sustain its recent gains above $100,000, according to the London Stock Exchange Group. The bitcoin's recent gains have been driven by the prospect of a friendlier cryptocurrency policy under US President-elect Donald Trump. While bitcoin's gains have stalled, it has more than doubled in value so far this year and some analysts expect it to reach $150,000 soon.
According to the data (as of the end of this week), since the activation of the London hard fork on August 5, 2021, the Ethereum network has destroyed more than 4.50 million ETH, worth more than $15.30 billion at current prices. The EIP-1559 included in this upgrade opens the mechanism to destroy part of the transaction fee, thus effectively reducing the supply of ETH in circulation. Although about 4.50 million ETH have been destroyed so far, ultrasound.money data shows that Ethereum has not bec...
Copper Technologies, a London-based crypto custodian company, has withdrawn its request to register with the UK financial regulator and instead focused on overseas markets. The decision follows the appointment of Amar Kuchinad, the company's new chief executive, who will seek licences or self-regulatory approvals in places such as Switzerland, Hong Kong and Abu Dhabi. Copper had planned to expand to the US after Mr. Trump's election to apply for custody or money transfer licences.
Tranched, a London-based blockchain-embedded asset financing platform, announced the completion of a $3.40 million funding round led by Speedinvest, with participation from Andressen Horowitz's Crypto Startup Accelerator (CSX) program, Blockwall, Kima and OVNI Capital. The specific valuation information has not been disclosed. Tranched aims to simplify the asset financing process through blockchain technology and eliminate the structural complexity and high fees involved in securitization. The n...
Matthe Wryan, head of market strategy at Ebury in London, said the market is bracing not only for Trump's comfortable victory in the Electoral College, but also for the prospect of Republican control of Congress, which is key to determining whether the incoming president has the ability to force a change in U.S. government policy.
London-based pension and investment management firm Legal & General (L & G), which manages $1.50 trillion in assets, is planning a foray into blockchain-based tokenization that is increasingly popular with financial giants. Tokenization - the use of tokens on the blockchain to represent traditional assets such as Treasury-backed money market funds - is gaining popularity among traditional financial firms. The trend has accelerated with BlackRock, the world's largest asset manager, launching its ...
Arkham CEO Miguel Morel confirmed that the company will relocate to the Dominican Republic from London and New York. Earlier in the day, Bloomberg reported, citing a person familiar with the matter, that Arkham was about to launch a crypto derivatives exchange and was currently applying for a license in the Dominican Republic. Arkham CEO Miguel Morel said he had "no comment" on the derivatives exchange plan.
Habibur Rahman, a resident of East Ham, denies charges of operating an unlicensed cryptocurrency ATM business and laundering money through cryptocurrency transactions. Rahman appeared at Medway Magistrates' Court and pleaded not guilty to charges of running an illegal machine without authorisation from the Financial Marekt Conduct Authority (FCA). Rahman is accused of exchanging 300,000 pounds of illegal cash into cryptocurrency between April 1 and June 16, 2022. Kent Police on April 28, 2023...
Andreessen Horowitz (a16z) has announced plans to host the first HACK UK hackathon in central London on October 5-6. The event aims to promote the development of the UK technology industry and focuses on five themes: blockchain applications, artificial intelligence enhancements, public infrastructure upgrades, digital identity verification and the future of healthcare.
Gold Ten Futures, September 10, London Metal Exchange (LME) futures and options data show that speculators have reduced the net long position of LME copper by 3,540 lots to 64,877 lots in the week ended September 6. Long-only positions fell by 16,093 lots to 361,204, the lowest level in six months. Short-only positions fell by 12,553 lots to 296,327, the lowest level in six months.
The UK's Financial Conduct Authority (FCA) announced on September 10 that it has charged Olumide Osunkoya, a 45-year-old London resident, for illegally operating multiple cryptocurrency ATMs that were not registered with the regulator. The FCA disclosed that Osunkoya-operated ATMs processed £2.60 million worth of cryptocurrency transactions in multiple locations between December 2021 and September 2023. The FCA said Osunkoya had been a director of Gidiplus Ltd, whose registration application wa...
London copper fell by more than 1% during the day, reported at $9326/ton. The main contract for Shanghai copper fell by 0.39% during the day, and is now reported at 74,630 yuan/ton.
Copper fell nearly 1 per cent to $9,083 a tonne after market news that BHP had reached a tentative deal with Chilean union leaders.
The High Court in London has announced a global asset freeze against Onecoin co-founder Ruja Ignatova and his associates. More than 400 investors have filed suit after losing millions of dollars in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova's wealth and could help victims obtain compensation.
The High Court in London has issued a global asset freeze order against those suspected of OneCoin fraud, including the notorious "crypto queen" Ruja Ignatova. OneCoin was launched in 2014 by Ruja Ignatova, a self-described "Bitcoin Killer" who was later revealed to be a Ponzi scheme without a token network. Ignatova used this scheme to defraud investors worldwide of $4 billion until it collapsed and disappeared in 2017.
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