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Category: UK

awareness

FCA’s Fourth Consumer Report Shows UK’s Crypto Asset Ownership Increased 27% Since Last Year

The UK’s Financial Conduct Authority (FCA) has published a research report that reveals crypto asset ownership has increased a great deal. According to the study, crypto ownership spiked more than 27% since last year as the FCA’s estimates show 2.3 million adults hold digital currencies, up from 1.9 million in 2020. United Kingdom’s Regulator Publishes […]

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awareness

FCA’s Fourth Consumer Report Shows UK’s Crypto Asset Ownership Increased 27% Since Last Year

The UK’s Financial Conduct Authority (FCA) has published a research report that reveals crypto asset ownership has increased a great deal. According to the study, crypto ownership spiked more than 27% since last year as the FCA’s estimates show 2.3 million adults hold digital currencies, up from 1.9 million in 2020. United Kingdom’s Regulator Publishes […]

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App

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

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App

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

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21Shares

21shares to Launch Bitcoin ETP for Institutional Investors in the UK

Switzerland-based 21shares announced it’s going to offer its crypto exchange-traded product (ETP) to institutional investors in Britain. The platform said the aim is to provide U.K. investors with exposure to bitcoin without the need to deal with crypto custody and security. New Bitcoin ETP to Be Offered on London-Based Aquis Exchange The 21shares bitcoin ETP […]

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AML

UK Regulator Extends Temporary Registrations Regime as Crypto Firms Fail to Meet AML Rules

Many companies operating with cryptocurrencies are not meeting anti-money laundering regulations, the U.K.’s Financial Conduct Authority revealed. The government agency has extended its temporary registration scheme after facing a growing number of crypto firms that are withdrawing their applications. FCA Extends Temporary Registrations Regime Till End of March 2022 The Financial Conduct Authority (FCA) announced […]

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Bitcoin White Paper

Craig Wright’s Law Firm Granted Permission from High Court to Serve Bitcoin.org Operator Cobra

On April 22, published documents stemming from law firm Ontier LLP show London’s High Court is granting the law firm permission to serve legal proceedings over copyright infringement against the owner of bitcoin.org, a pseudonymous operator called “Cøbra.” The legal proceedings involve “hosting and publishing” a copy of the academic Bitcoin white paper. Copyright Infringement […]

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Bank of England

Bank of England and HM Treasury Launch a Central Bank Digital Currency Taskforce

Her Majesty’s Treasury and the Bank of England have revealed the establishment of a central bank digital currency (CBDC) taskforce. According to the announcement, the group’s purpose aims to explore a potential UK CBDC. UK Entities Invoke a CBDC Taskforce to Explore a Central Bank-Issued Digital Currency Central bank digital currencies (CBDCs) have been popping […]

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Business

Mick Jagger is using NFTs to raise money for indie music venues

The highest bid is currently $8,988, with 12 people having made an offer for the musical NFT.

The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic. 

In an announcement from the music legend on Thursday, Jagger said he had started a 24-hour auction on Nifty Gateway featuring a nonfungible token, or NFT, based on a new song with Foo Fighters frontman Dave Grohl. The digital piece designed by artist Oliver Latta, also known as Extraweg, features a loop of a figure running through two human heads, with Grohl and Jagger’s “Eazy Sleazy” song playing in the background.

“The 30-second audio visual piece evokes a surreal essence of breaking through the barriers of the human mind and pushing forward on the brink of social collapse to provide a much needed moment of artistic relief as the world slowly transitions out of lockdown,” said the announcement.

According to the NFT’s description on Nifty, the proceeds from the auction will help raise money for independent music venues in the United States and the United Kingdom through local charity groups Music Venue Trust and the National Independent Venue Association. A portion of the proceeds will also go to environmental causes. At the time of publication, the highest bid is for $8,988, with 12 people having made an offer for the NFT.

Many musical artists have become involved in NFTs in the past year. Last month, Crypto.com announced it would be launching an NFT platform featuring work from Snoop Dogg, Boy George, Lionel Richie and others. Major institutions have also been using NFTs to raise money for charity — New York Times columnist Kevin Roose auctioned off one of his articles for more than $550,000, which was donated to the publication’s The Neediest Cases Fund.

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