Britain Financial News

Bitcoin and Ethereum, the dynamic duo of the cryptocurrency world, have recently hit turbulent waters as a wave of risk-averse sentiment swept through the market, triggering a substantial 7% sell-off in the last seven days. 

High-profile venture capital firm Andreessen Horowitz has chosen London for its first international office as it plans to build a UK crypto outpost.

Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country.

Citigroup is planning around 50 job cuts within its London-based investment and corporate banking units as large firms continue to trim dealmaking teams amid slumping fees.

Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI). 

cryptoassets will get a 24-hour «cooling-off» period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. Cryptoassets, such as bitcoin, have little direct regulation globally, but regulators are taking a closer look after the downfall of FTX last year, which left millions of investors nursing losses totalling billions of dollars, some of them in Britain. The Financial Conduct Authority (FCA) said «refer a friend» bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to put in place clear risk warnings and ensure adverts were clear, fair and not misleading. The new crypto rules, which are similar to those imposed by the FCA last year to tackle advertising for high-risk investment in mainstream finance, come as Britain plans to regulate cryptoassets under a new financial services law this year.

The CEO of Euronext told trading chiefs at Financial News’s awards in London to go "above prejudices" and maintain a bond between the UK and European Union.

A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions.

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In a June 8 announcement, the United Kingdom’s Financial Conduct Authority (FCA) said that from Oct. 8, advertisers of crypto services in the U.K. would be subjected to stricter regulations.

Set to come into force in October, the new rules mean crypto firms must ensure that people have the appropriate knowledge and experience to invest in crypto. Those promoting crypto must also put in place clear risk warnings and ensure adverts are clear, fair and not misleading, similar to the rules introduced by the FCA last year to tackle misleading financial advertisements of high-risk investments. The UK's Advertising Standards Authority has previously banned several crypto firms’ promotions for being misleading and irresponsible.

The Financial Conduct Authority has introduced tough rules for crypto marketing in the UK to counter the risks associated with the emerging asset class.

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.

BNP Paribas has hired a senior JPMorgan banker to bolster its coverage of UK companies in the latest change at the French bank.

A London developer is denying claims from a Boston hedge fund, that it reneged on a deal over joint acquisition of a part of the city's Royal Albert Dock.

French luxury fashion house Louis Vuitton has announced its first non-fungible token (NFT) collection, with each iconic-trunk-turned-digital-collectible coming with a tag of nearly $42,000. 

The UK advertising watchdog has banned adverts from major oil companies for including misleading information over climate-related claims. 

UK asset managers are the most concerned about hiring and retaining staff compared to their rivals in other markets, adding to fears that London is losing its grip on talent to other major financial centres.

Silicon Valley Bank UK will continue to serve startup businesses from «seed funding to IPO,» the chief executive of its new owner, HSBC UK, said Tuesday.

France and Germany have failed to topple the UK’s dominance in financial services investment as the latter sees a double-digit gain in new projects.

Investors will soon be able to trade digital versions of FTSE100 shares and UK government bonds on the blockchain, as digital assets firm Archax gears up to issue prototypes of both this week.