Crypto

Bitcoin has surged above $80,000 (c. £62,000) for the first time, following last week's US election result. This follows US President-elect Donald Trump's campaign promises to make the US "the crypto capital of the planet" by creating a strategic bitcoin reserve and appointing crypto-friendly

New powers allowing police to seize cryptocurrency and other similar assets, which have been illegally obtained by criminals or are being used to hide or launder the proceeds of their activities, came into effect in Scotland yesterday, writes Sally Clark. The new seizure powers are a key aspect of t

Always quick to spot an opportunity, criminals have increasingly turned to cryptocurrency as a means of hiding and, in many cases, laundering the proceeds of illicit activities, writes Sally Clark. As part of the law enforcement response, cryptocurrencies and other cryptoassets have now been specifi

The UK government has introduced a bill which permit cryptocurrency and other digital assets to be classified as personal property. The Property (Digital Assets etc) Bill, which enacts the recommendations of the Law Commission of England and, was introduced in Parliament yesterday.

The Financial Conduct Authority (FCA) has charged Mr Olumide Osunkoya, who is 45 and resides in London, for unlawfully running multiple crypto ATMs without FCA registration. Crypto ATMs are machines that allow you to buy or convert money into cryptoassets.

CB Payments Limited (CBPL) has been fined £3,503,546 by the Financial Conduct Authority (FCA) for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates a prominent cryptoasset trading platfor

More than a third of young adults in the UK believe crypto is an important electoral issue, according to new data. Research commissioned by Edinburgh-based fintech Zumo and conducted by Focaldata reveals 34% of both 18-24 and 25-34 year-olds think the growth of the crypto industry should be front of

The Financial Conduct Authority (FCA), working with the Metropolitan Police Service, has conducted an operation to arrest two individuals, aged 38 and 44, suspected of running an illegal cryptoasset exchange. More than £1 billion of unregistered crypto assets are believed to have been bought a

Kabosu, the beloved Shiba Inu who inspired the iconic "Doge" meme and became the face of Dogecoin, has passed away at the age of 18 after battling leukaemia and liver disease. Her owner, Atsuko Sato, shared the news on Instagram, expressing gratitude for the love and support Kabosu received over the

The UK government has granted greater powers for the National Crime Agency (NCA) and police to seize, freeze and destroy cryptoassets used by criminals, effective today.

The Financial Conduct Authority (FCA), has softened its stance on digital assets, allowing the listing of Bitcoin and Ethereum-backed exchange-traded notes (ETNs) on the London Stock Exchange for professional investors from April.

Two Scottish blockchain projects have joined forces to expand their user bases, enhance their offering, and add to the use cases of their respective tokens. Scotcoin (SCOT) will now be accepted on the Kin platform – operated by Better Internet Search – an ad-free, community-owned search

In recent financial developments, gold prices soared to a record high of $2,135.40 (around £1,690) an ounce, spurred by the anticipation of lower global borrowing costs, a weakening US dollar, and expectations of loosening global monetary policies.

Scotcoin has appointed Blockraise, the Zurich-based boutique Web3 venture accelerator firm, to support its plans for the next phase of its development. Blockraise will play a key role – similar to a nominated adviser – in making the ethical cryptocurrency accessible to a global audience.

The Financial Conduct Authority (FCA) has announced it will give some cryptoasset firms extra time to comply with new marketing regulations slated to take effect on 8 October 2023.