Britain Financial News

16.06 / 04:53

regulation BitStamp UK FCA FCA Interactive Brokers UK crypto Bitstamp, Interactive Brokers Receive FCA Nod for UK Crypto Operations

The UK's Financial Conduct Authority (FCA) has approved Bitstamp and Interactive Brokers' application to join the financial regulator's registry of crypto asset service providers.

16.06 / 04:28

business Adoption Google Research Meta tech startups AI startup seed funding AI startup by ex-Meta and Google researchers raises $113M in seed funding

A brand new artificial intelligence (AI) startup dedicated to rival ChatGPT creator, OpenAI, raised $113 million in seed funding, bringing up its valuation to $260 million within two months of inception.

16.06 / 04:17

UPS BitStamp UK crypto Bitstamp scores UK crypto approval as FCA ends six-month drought

European crypto exchange Bitstamp has been rubber-stamped to operate in the UK by the Financial Conduct Authority.

16.06 / 03:56

regulation Bitcoin Regulation Bankruptcy Celsius Bitcoin reorganization Celsius seeks to convert alts to Bitcoin and Ether under reorganization plan

Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15.

16.06 / 03:27

HSBC Standard Chartered Ft HSBC, StanChart face pressure from Hong Kong to take on crypto clients - FT

HSBC and Standard Chartered are among lenders facing pressure from Hong Kong's banking regulator to take on crypto exchanges as clients, the Financial Times reported on Thursday, citing three people with knowledge of the matter. The UK-based lenders and the Bank of China were questioned by the Hong Kong Monetary Authority (HKMA) last month on why crypto exchanges were not being accepted as clients, according to the report. Standard Chartered is in regular dialogue with regulators on different subjects, it said in an emailed statement to Reuters, declining to comment further on the FT report. HSBC and the HKMA did not immediately respond to a Reuters request for comments.

16.06 / 03:16

FIVE MPs MPs question FCA’s oversight of Odey Asset Management

The UK parliament's influential Treasury Committee has questioned the Financial Conduct Authority's supervision of Odey Asset Management in the wake of a string of sexual misconduct allegations against its eponymous founder Crispin Odey.

16.06 / 02:36

Matthews dealmaking Inside BNP Paribas’ UK dealmaking push: ‘No excuses’

When Matthew Ponsonby set out a five-year plan to grow BNP Paribas’ UK investment banking business in 2020, he decided on a code-name: ‘no excuses’.

14.06 / 04:10

UBS Bank of China Bank of China Uses Ethereum Blockchain for $28 Million Digital Structured Notes – Crypto Adoption on the Rise?

Bank of China's investment arm BOCI has utilized the Ethereum blockchain network to issue $28 million worth of digital structured notes.

14.06 / 01:12

UPS US law firms on London hiring push: ‘It’s an easier market than New York’

US law firms are set to double down on their investment in London which has seen New York’s legal elite hire snap up leading partner talent from UK rivals, according to London’s top lawyers

13.06 / 22:24

business regulation Europe Google European Union Machine Learning Bard Irish data watchdog blocks Google from launching Bard in the EU: Report

The Irish Data Protection Commission (DPC) has reportedly blocked the launch of Google’s generative artificial intelligence (AI) service, Bard, in the European Union over privacy concerns.

13.06 / 19:49

Law regulation BitStamp Bitstamp now included on FCA's list of registered crypto firms

The United Kingdom arm of cryptocurrency exchange Bitstamp has joined the list of registered firms under the country’s Financial Conduct Authority.

13.06 / 08:51

Sport Football London Bitcoin How Peter McCormack is turning an unknown town into a Bitcoin hub

Can a football team backed by Bitcoin (BTC) really raise up a town? In the latest Cointelegraph documentary, reporter Joe Hall investigates the impact of a Bitcoin football club, Real Bedford, on the small commuter town of Bedford in the United Kingdom.

13.06 / 02:45

Technology Law regulation United Nations UN report highlights ‘serious and urgent’ concerns about AI deepfakes

The United Nations has called artificial intelligence-generated media a “serious and urgent” threat to information integrity, particularly on social media.

13.06 / 00:53

UPS Microsoft Landmark Activision Competition watchdog racks up £1.2m bill as Microsoft-Activision probe rumbles on

Staff at the UK's competition watchdog have racked up tens of thousands of hours and a seven-figure bill as a landmark battle stop gaming's biggest-ever takeover continues.

12.06 / 20:15

Provident Binance Cooper Ripple Extreme SEC coinbase Andreessen Andreessen Horowitz's Crypto Arm to Establish London Office – Next Crypto Hub?

Many US-based crypto firms have been keen on expansion moves amid heightened regulatory uncertainty in the United States.

12.06 / 19:27

business Blockchain Tokens Bank of China issues $28M in digital structured notes on Ethereum blockchain

On June 12, Bank of China's investment bank subsidiary BOCI announced the issuance of 200 million Chinese Yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes the BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the product for placement to its client in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, commented:

12.06 / 18:39

Blockchain UPS Provident Binance Digital SEC coinbase open Andreessen Andreessen Horowitz to open first office outside the U.S. in London in bet UK will become crypto hub

LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced Monday.

12.06 / 16:43

business regulation Machine Learning UK government London UK to get ‘early or priority access’ to AI models from Google and OpenAI

British Prime Minister Rishi Sunak recently announced that Google DeepMind, OpenAI, and Anthropic — three tech outfits widely considered the global industry leaders in generative AI technologies — have agreed to provide the United Kingdom with early access to their AI models.

12.06 / 15:53

HSBC HSBC promotes Lindsell to lead structured finance unit globally

HSBC has promoted a key dealmaker to lead its structured finance unit globally in the first new appointment by the global co-heads of its investment bank.

12.06 / 11:11

IPO MET CEO HSBC SVB HSBC builds innovation division from the bones of collapsed SVB UK

U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology sector following its eleventh-hour rescue of the U.K. subsidiary of failed Silicon Valley Bank (SVB) in March.

12.06 / 09:47

Pool A16z crypto opens first overseas office in UK

In a blog post announcing the move, the firm states: "While there is still work to be done, we believe that the UK is on the right path to becoming a leader in crypto regulation. The UK also has deep pools of talent, world-leading academic institutions, and a strong entrepreneurial culture.

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