Britain Financial News

14.07 / 08:15

UPS IPO Platform stake Richard Branson takes a stake in Lightyear, a start-up hoping to become Europe's answer to Robinhood

Lightyear, a European challenger to trading platform Robinhood, has raised $25 million of funding in an investment round backed by British billionaire Richard Branson.

14.07 / 05:07

Art NFT Non-fungible tokens NFTs Winning Damien Hirst’s Art Experiment So Far as Over 2,000 Tokens Burned

As the deadline for Damien Hirst’s The Currency NFT burn is approaching, more and more owners proceed to burn their NFT in exchange for corresponding original work on paper. However, NFTs still seem to be winning this art experiment.

13.07 / 23:57

Law regulation Smart Contracts UK court allows lawsuit to be delivered via NFT

According to a Tuesday notice from U.K. law firm Giambrone & Partners, a case brought by Fabrizio D’Aloia against Binance Holdings, Poloniex, gate.io, OKX, and Bitkub over allegations someone was operating a fraudulent clone online brokerage has resulted in a legal precedent offering a digital solution to serving someone. On June 24, the judge in the case allowed parties to be served by airdropping NFTs into wallets originally held by D’Aloia but stolen by unnamed individuals.

13.07 / 21:53

Law regulation UK treasury committee UK Treasury Committee opens inquiry into crypto industry

The Treasury Committee of the United Kingdom’s House of Commons has called on the public to submit evidence related to the role of crypto’s risks and opportunities.

13.07 / 21:45

business Sunak Tory leadership: Sunak and Mordaunt lead race to succeed Boris Johnson after first vote

The race to succeed Boris Johnson as the leader of the Conservative Party in Britain — and therefore, as UK prime minister — tightened on Wednesday.

13.07 / 20:39

Adoption NFT Legal UK UK Court Allows Civil Case Claimant to File NFT Legal Documents

Non-fungible tokens (NFTs) have found a way into the British legal system – just weeks after a similar development in the United States.

13.07 / 19:51

Twitter Legal UK Bitcoin digital euro elon Twitter vs. Elon Musk, Digital Euro's Phase 2, New Investments + More News

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

13.07 / 19:31

business Blockchain Adoption Middle east Syrian refugee turned civil activist found calling as blockchain evangelist

There is an educational website for beginning crypto users called ZeFi. The site has helpful introductory lessons, some interesting articles and a look of sincerity, much like other sites. However, none of it is that different — at least not in English. Its special feature is the language button in the upper right corner that reveals the Arabic version of the website.

13.07 / 17:53

Binance Platform Court makes Binance, other exchanges responsible for stolen crypto: Here’s why it matters

Binance and other crypto exchanges will be made responsible for stopping criminals from moving assets off their platforms to avoid scrutiny, after a UK High Court judge ruled that exchanges should be recognised as trustees of stolen cryptocurrencies.

13.07 / 17:53

Twitter Deal National letter Twitter cites UK national security law in legal letter to Musk as $44bn deal teeters

Twitter cited a new British law in a legal letter to Elon Musk, in what lawyers say may indicate that the UK government had concerns about what the $44bn transaction would mean for UK national security.

13.07 / 17:53

Bitcoin lawmakers open UK lawmakers open inquiry into crypto risks

UK lawmakers have launched an inquiry into the risks and opportunities cryptoassets pose to businesses and consumers.

13.07 / 14:13

UPS Time Rothschild hikes junior banker pay for third time to keep pace with larger rivals

Rothschild & Co has hiked junior pay for an unprecedented third time as the independent investment bank keeps pace with larger rivals on salary rises for young dealmakers.

13.07 / 12:49

Citi PayDay City law firms post bumper paydays, but challenges lie ahead

City law firms are posting bumper results this year, as Simmons & Simmons becomes the latest to pass the £1m mark for average partner pay.

13.07 / 12:37

Lowe's Boeing Bitcoin Financial Crypto needs regulation — technology can't remove all financial risks, BOE's Cunliffe says

Regulators need to «get on with the job» of bringing the use of crypto technologies within the «regulatory perimeter,» says Jon Cunliffe, Bank of England's deputy governor for financial stability.

13.07 / 12:31

European Union abortion rights rights 'Demoralising and scary': Women in UK react to US reversal of abortion rights

From Olivia Rodrigo to Lily Allen, Kendrick Lamar to Billie Eilish, musicians and artists at Glastonbury, devastated and furious, condemned the US Supreme Court's controversial reversal of Roe v Wade – a 1973 court case that granted US women a constitutional right to abortion.

13.07 / 10:39

Racing Sunak Rishi Sunak gains early momentum in race to become prime minister

Rishi Sunak, the former British Treasury chief whose resignation spurred Boris Johnson's ouster as prime minister, gained early momentum in the race to become the country's next leader, as the Conservative Party began to whittle down a crowded list of contenders.

12.07 / 21:27

European Union UK politics: Meet the eight contenders vying to replace Boris Johnson

Eight politicians are vying to replace Boris Johnson as the next Conservative Party leader and British prime minister.

12.07 / 20:25

Law regulation Bank of England BoE official compares current crypto market regulation to 'unsafe aeroplanes'

Jon Cunliffe, deputy governor for financial stability at the Bank of England, has called for a clear regulatory framework for crypto to address risks amid the recent market downturn.

12.07 / 18:09

Neil Woodford’s UK comeback plans on the brink

In February 2021, former UK star fund manager Neil Woodford stunned his critics with an audacious comeback announcement — a move that also angered the hundreds of thousands of retail investors still trapped in his former flagship fund.

12.07 / 11:45

Adoption Bitcoin The UK's largest Bitcoin conference comes to Scotland

The bear market won't scuttle Bitcoin's adoption plans in the United Kingdom. From Oct. 21–22 this year, internationally recognized Bitcoin (BTC) experts, authors and content creators will take part in the United Kingdom’s largest Bitcoin conference to date.

12.07 / 02:07

Digital CEO Qori launches multi-channel pay by bank and pay by crypto tech

Qori will initially focus on France, Spain and the UK, promising a fully digital, multi-channel and cheaper alternative to card payments.The firm has secured EUR1.8 million in seed funding from backers including Hottinger, Golden Record Ventures, Firestartr, Systema VC and angels such as former Strip Europe head Guillaume Princen.The funding will be used to expand Qori's development team and deploy its product at scale into the luxury, hospitality and lifestyle sectors, as well as online marketplaces. “Today, two fundamental trends are disrupting the payments industry and challenging the central role of cards: open banking and crypto.

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