Britain Financial News

Neil Tansley is CEO of Efficient Frontiers International 

The UK government has announced its intentions to become a “global hub for cryptoasset technology and investment.”

Quoting people familiar with the project,the FT reports that Zuck Bucks would be controlled by Meta directly — much like the in-game currencies used on games such as Fortnite and Roblox.A spokesperson for Meta says the firm is "focused on building for the metaverse and that includes what payments and financial services might look like".In addition, Meta is exploring 'social tokens' or 'reputation tokens', which “could be issued as rewards for meaningful contributions in Facebook groups, for example,” the FT reports. The company is also apparently looking into traditional financial services like small business loans.Internal memos seen by the FT suggest that Meta is also exploring ways to monetize NFTs via "fees and/or ads".A new study by Vista conducted among 2000 UK adults suggests that third of UK consumers view the metaverse as a new shopping destination, ultimately populated by most high street brands.

The watchdog has granted a financial services licence to Blackfridge to undertake payment services and issue electronic money.Blackfridge is now set to launch its stablecoin product, called “poundtoken”, the first e-money instrument constituted as a GBP-pegged stablecoin issued in the British Isles.Lyle Wraxall, cheif executive, Digital Isle of Man, says: "Blackfridge is a cutting-edge business, and we’re pleased to have played a part in their journey as they reach this regulatory milestone ahead of the launch of their stablecoin.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Cointelegraph is delighted to announce the launch of its French edition, Cointelegraph France, providing the latest cryptocurrency and blockchain news en français and marking another historic milestone in the publication’s global presence.

British Prime Minister Boris Johnson and Chancellor Rishi Sunak will be fined by UK police for breaking Covid-19 lockdown rules, the British government said, reigniting a long-running scandal.

UK prime minister Boris Johnson has been fined over Downing Street lockdown parties.

US headline inflation for March came in at 8.5%, slightly above analysts’ expectations. The number is up markedly from February’s reading of 7.9%.

When Euan Munro arrived at Newton Investment Management in June last year, he walked into a business in the midst of change.

A new study has revealed staggering growth in crypto adoption across Nigeria, fueled by limited access to affordable fiat-based financial services in Africa. 

Emmanuel Macron goes into the French presidential run-off as the frontrunner ahead of Marine Le Pen, with his first-round lead over his rival slightly larger than it was in 2017.

Meta, the company formerly known as Facebook, may have turned its back on its once-grand stablecoin plans, but it is far from done with digital forms of money – with its metaverse pivot leading it to create “tools” that will let its users sell “digital assets.”

A review of its advertising guidelines is being proposed by the Irish Advertising agency, The Advertising Standards Authority of Ireland (ASAI) following the receipt of several complaints about the promotion and advertisements of “meme coin” Floki Inu.

The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as trading volume in crypto consolidates onto the platforms of only a few trusted companies.

When Euan Munro arrived at Newton Investment Management in June last year, he walked into a business in the midst of change.

Chancellor of the Exchequer Rishi Sunak has asked for the NFT to be created by the summer, says the Treasury in a tweet, adding: "This decision shows the forward looking approach we are determined to take towards cryptoassets in the UK." NFTs have exploded in popularity over the last year with many reaching multi-million dollar valuations. However, the sector has also garnered a reputation for attracting speculators, posers and scammers. The announcement attracted thousands of replies and quote tweets, the majority of them less than positive. "Can't wait until the treasury gets scammed out of all it's Royal Apes," wrote one Tweeter. "I feel like the only explanation for the way the U.K. is being governed is that we’re actually in a sim and a particularly malicious programmer is running an experiment to see how far they can wind us up," offered another.

Last year, cryptocurrencies reached a “tipping point,” according to Gemini’s 2022 Global State of Crypto report, “evolving from what many considered a niche investment into an established asset class.” 

Whitehall Capital, a London-based loan provider, struck a deal with an American digital asset securities marketplace Securitize to enable its investors to hold their units as blockchain tokens.

Hopes of a recovery in the battered IPO market could be hampered by wage inflation next year, according to consultancy EY's UK sector lead.

Exchanges have long been more than just trading platforms: they’ve been used for fundraising, marketing promotion, brand exposure and more. Cointelegraph talked to Katherine Deng, VP of MEXC and founder of MEXC Pioneer, about the true role crypto exchanges are playing in the current crypto market and what else they can be doing.