Britain Financial News

The United Kingdom’s bank regulator, the Prudential Regulatory Authority (PRA), will propose rules for issuing and holding digital assets, Bank of England (BOE) executive director of the Prudential Policy Directorate Vicky Saporta said in a speech at the bank Feb. 27. The rules will be developed with consideration for Basel III rules and the Financial Services and Markets (FSM) bill now being considered by the Parliament. 

The music streaming giant Spotify is increasing its focus on Web3 by conducting trials of token-enabled playlists in a number of important locations.

The price of Bitcoin has been calm and trading sideways in recent weeks. However, as the new week begins, there are signs of advancement for BTC. The big question on everyone's minds is whether Bitcoin can reclaim the $24k mark today. 

It's opening morning at London's Blockchain Economy Summit - the UK's largest gathering of crypto and blockchain companies. And Centralised Exchanges are a hot topic.

The Bank of England has said its new remit to promote growth and competitiveness in UK finance is a "big deal" that will revolutionise how it governs the City.

Ukraine has received over $70 million in the form of cryptocurrencies since the start of the Russian-Ukrainian conflict, providing the nation with military equipment and humanitarian assistance.

'Recycle to Earn' was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother's house to earn extra money for a Game Boy. 

U.K. Finance Minister Jeremy Hunt on Friday said that the government will look to cut taxes «as soon as we can afford to,» amid pressure from some lawmakers in his own party to reduce the country's levies.

Online music streaming giant Spotify is testing a new playlist function made specifically for non-fungible tokens (NFTs) holders.

A British citizen who is wanted by the FBI for allegedly assisting the North Korean government to evade U.S. sanctions via crypto is in the custody of Russian authorities. 

However, the UK was far from alone in seeing a drop off and remains the centre of European fintech investment, with firms attracting more funding than their counterparts in the rest of Emea combined.Karim Haji, UK and Emea head of financial services, KPMG, says: "Despite the drop in both value and volume, it was a strong year for the UK fintech industry. The UK is a major global player, with investment in UK fintech only behind that of the US and Australia."Total global fintech investment fell to $164.1 billion across 6006 deals in 2022, after reaching a record $238.9 billion across 7321 deals the previous year.Payments remains the strongest area of fintech investment globally, with $53.1 billion in investment compared to US$57.1 billion in 2021; Regtech was the only sector to buck the downward trend, with investment in the space rising from US$11.8 billion in 2021 to a record $18.6 billion.In contrast, investment in crypto and blockchain fell from $30 billion in 2021 to $23.1 billion in 2022.

Music streaming platform Spotify expands its Web3 efforts by testing token-enabled playlists in several key markets. 

LONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are that the economy may be holding up better than feared, according to veteran Schroders fund manager Andy Brough.

BlackRock dominated rival fund houses for sustainable fund flows in the UK last year in a sign the anti-ESG backlash in the US has not caught on across the pond.

On 21 February, Bitcoin [BTC] mining researcher Jaran Mellerud published a report on the state of Bitcoin mining in Iceland. He noted that the European country is the world’s largest hash rate producer per capita.

Lloyds on 22 February reported a rise in pretax profit for the fourth quarter of 2022 on higher income and a lower impairment charge and issued 2023 guidance as it updated its mid-term targets.

The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO, may soon put in an offer to purchase the newly marketed Spey Bay Golf Club in Scotland worth about $900,000. 

Chris Cummings is no stranger to the spotlight. But when the boss of the UK’s Investment Association appeared on the BBC’s Escape to the Country a little more than two years ago, he wasn’t expecting to be recognised.

One of England's top judges can foresee a future where robots decide legal cases.

The price of Ether (ETH) rallied 18% between Feb. 13 and Feb. 16 but has since been range trading near the $1,700 level. Despite the recent price improvement, Ether derivatives metrics remain neutral-to-bullish ponder the investors the tighter regulatory environment and the potential impact of Ethereum’s Shanghai upgrade.

HSBC plans to hire dealmakers in the Middle East this year as the UK lender anticipates a surge in activity in the region.