Britain Financial News

EY’s looming split offers opportunities for rival firms to hire away staff and poach clients, the boss of accountancy firm BDO UK said.

UK regulators fined Swiss private bank Julius Baer more than £18m for improper dealings with Russian companies dating back more than a decade.

Cryptocurrency exchange Binance plans to reenter the Japanese market after acquiring a 100% stake in a licensed crypto service provider in the country, Cointelegraph Japan reported.

A 33-year veteran of UBS is leaving the bank, in the latest senior departure from its UK dealmaking team.

If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leader, briefly lost its United States dollar peg on Nov. 10. In normal times, this might have raised alarm bells.

City minister Andrew Griffith has said the government will be taking a "pragmatic approach" to axing former EU financial services rules for London and take advantage of "select opportunities" from Brexit, in another sign that the Treasury is slowing the pace of its ambitious rule-cutting agenda.

Ukraine President Volodymyr Zelenskyy says Russian forces have shelled settlements in the southern Kherson region 258 times in the last week.

Cryptocurrency exchange Huobi has partnered with the Commonwealth of Dominica to roll out a digital identity and national token service that promises digital citizenship of the West Indian island nation.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Major cryptocurrencies were trading mixed early on November 29 as the global crypto market cap increased 0.98 percent to $822.27 billion, over the last day. The total crypto market volume increased 12.56 percent to $46.87 billion over the last 24 hours.

Despite venture capital funding halving in October, there seem to be funds that still remain bullish on this space investing in emerging markets, Web3 and infrastructure. But, most people do not know who these mysterious funds are or what they are made of, or if there is a project starting up, how to get in touch with these funds.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

The UK’s audit watchdog unfairly dismissed one of its staff who was suffering from stress when it made her redundant last year, a tribunal has ruled.

The crypto service is being rolled out across 11 European countries excluding the UK, as the fintech is still awaiting authorisation to offer crypto services there. “I think that offering crypto has become a necessity. Crypto, especially the leading coins, are quite mainstream as assets now.” “This is a transition phase, as we want to test it in a small scale way across Europe. Our current mission is to offer a large range of assets. US stocks were an easy starting point for us.. We want to enlarge the universe in terms of assets, so with crypto on one side and ETFs on the other, people can create a very diversified portfolio through Shares." He expects that some users will view crypto as a risky asset, allocating the majority of their funds toward traditional trades, leaving a smaller proportion to speculate on the crypto side.

Binance CEO Changpeng Zhao has warned users of an upcoming wave of phishing scams as hackers are selling up-to-date mobile phone numbers of nearly 500 million WhatsApp users.

Brexit has worsened doctor shortages in the UK, according to a study published on Sunday. 

Jesse Hemson-Struthers, CEO, BVNK, says: "It’s always been BVNK's mission to bridge the gap between traditional and digital finance to offer merchants a modern payments platform that they can trust.

KPMG UK is investing £5.5m in an overhaul of its Manchester office aimed at boosting collaborative working.

However, the crypto space is notoriously fickle, and the collapse of once-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars in crypto assets almost overnight.

Rare protests against China's strict “zero-COVID” policies continued in Shanghai and Beijing on Sunday afternoon, which had spread across the country after a deadly apartment fire in the northwestern city of Urumqi on Friday.

Ukrainian President Volodymyr Zelenskyy has said the number of people without power has been halved since the immediate aftermath of Russia's assault this week, but some six million are still cut off.