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“# Another UK bank serves anti-crypto notice to customers ” Corporate clients of NatWest may soon lose their banking relationship with the United Kingdom-based lender amid recent negative cryptocurrency-related policy statements. According to a report by The Guardian, Morten Friis, the head of the bank’s risk committee, has revealed that NatWest will refuse service to…
“# EU regulators reportedly scrutinize Binance over securities law compliance ” Cryptocurrency exchange Binance’s latest product — digital stock tokens representing fractions of equity shares like Tesla and Coinbase — is reportedly being studied by European and British regulators over its possible non-compliance with securities laws. A new report from the Financial Times claims that…
“# Expert explains why Britain needs a digital pound ” The United Kingdom Chancellor of the Exchequer announced the launch of a CBDC task force this week, bringing together the Bank of England and Her Majesty’s Treasury to coordinate the exploration of a potential central bank digital currency. Depending on the feedback received from various areas…
“#TikTok faces claim for billions in London child privacy lawsuit” TikTok, the wildly popular video app, and its Chinese parent ByteDance could face a damages claim worth billions of pounds (dollars) in London’s High Court over allegations they illegally harvested the private data of millions of European children. Anne Longfield, the former Children’s Commissioner for…
“# UK government establishes central bank digital currency task force ” Her Majesty’s Treasury and the Bank of England have begun preliminary central bank digital currency studies that could result in the creation of a national digital currency. In a document published by HM Treasury, the exchequer announced the creation of a CBDC taskforce in…
“# The perils of suing crypto exchanges after ransomware attacks ” In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for…
“# Mick Jagger is using NFTs to raise money for indie music venues ” The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic. In an announcement from the music legend on Thursday, Jagger said he had started…
“# UK hedge fund reportedly plans to invest $84M in crypto ” Brevan Howard, a U.K.-based asset management firm, is reportedly planning to directly invest in digital assets after more than a year of exposure to the crypto space. According to a Bloomberg report, Brevan Howard Asset Management will be allocating 1.5% of the $5.6…
“#Princess Anne, Prince Edward pay tribute to dad Prince Philip” Princess Anne and Prince Edward paid a heartfelt tribute to late dad Prince Philip in interviews that aired after his death Friday — with Princess Anne declaring “life will be completely different” without him. “To have someone that you confide in and smile about things…
“#Prince Philip’s life was hard, he did his duty and it was a lesson to us all” Prince Philip was a quintessential Englishman. This was remarkable in itself. Philip was born a Greek of Danish and German extraction in 1921. He became British by a series of accidents but came to stand for the best…