United Kingdom | ForkLog

ForkLog 27 25.07.2024

Revolut Secures UK Banking Licence

Fintech firm Revolut Ltd. has secured a preliminary banking licence from UK regulators. This will allow the company to enter a mobilisation phase to test systems and gradually roll out new services. Once restrictions are lifted and a full licence is obtained, Revolut will become a fully-fledged online bank, able to offer overdrafts, loans, and […]

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ForkLog 12 20.06.2024

UK Leads Europe in AI Startup Numbers

The United Kingdom has established the largest number of generative artificial intelligence startups in Europe, accounting for 30% of the firms studied. This is reported by Reuters, citing data from Accel.

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ForkLog 11 08.05.2024

UK Cybercriminals Jailed for Blockchain.com Phishing Scam

In the United Kingdom, two cybercriminals have been sentenced for stealing cryptocurrencies worth £5.7 million ($7.1 million) through a phishing site mimicking the exchange Blockchain.com, as reported by BBC. Jake Lee and James Heppel created a counterfeit version of the original service, gaining access to victims’ assets. In total, 55 individuals from 26 countries were […]

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ForkLog 18 06.05.2024

Vodafone to Integrate Cryptocurrency Wallets with SIM Cards

British telecommunications giant Vodafone plans to merge SIM cards with cryptocurrency wallets. This was revealed by the head of the company’s blockchain division, David Palmer, in an interview with Yahoo Finance. According to his estimates, by 2030, there will be approximately 20 billion mobile devices in use. By the same time, the number of cryptocurrency […]

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ForkLog 4 26.04.2024

UK Police Granted Powers to Seize Cryptocurrency Without Arrests

The UK’s National Crime Agency and police have been granted powers to “seize, freeze, and destroy” cryptocurrency used by criminals. As part of investigations, law enforcement agencies will be able to confiscate passwords or memory cards and liquidate crypto assets if their return to circulation is deemed harmful to the public good. This particularly applies […]

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ForkLog 5 11.04.2024

London Mayoral Candidate Promises £100 in LONDON Tokens to Residents if Elected

London mayoral candidate Brian Rose plans to gift each city resident LONDON tokens valued at £100. The politician announced this on his Instagram.

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ForkLog 12 10.04.2024

Bitcoin Extortionists Abduct Businessman from English Golf Course

The St Albans Crown Court is examining the case of a suspect accused of kidnapping a Chinese businessman for cryptocurrency extortion, as reported by BBC. According to court documents, the attack took place on October 24, 2023, in Hertfordshire. The victim, 30-year-old entrepreneur Dylan Huang, was playing golf with three women when five armed individuals […]

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ForkLog 10 28.03.2024

US and UK Investigate Garantex Over $20 Billion USDT Transfers

Authorities in the US and UK are investigating USDT transfers amounting to $20 billion through the Russian exchange Garantex. This was reported by Bloomberg, citing informed sources. According to these sources, the investigation is part of efforts to combat sanctions evasion. All stablecoin transactions occurred after April 2022, when Garantex was added to the US […]

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ForkLog 12 24.03.2024

Kraken UK Considers Launching Bitcoin ETF in Britain

Kraken UK’s Managing Director, Beivou Das, expressed at the Digital Asset Summit in London his desire to see spot Bitcoin ETFs in the UK, as reported by The Block. According to him, the world has changed significantly since the FCA banned the sale of cryptocurrency-based derivatives and exchange-traded notes (ETNs) to retail traders in January […]

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ForkLog 21 21.03.2024

British Woman Convicted of Laundering $6 Billion in Bitcoin

A London jury has found 42-year-old Jian Wen guilty of laundering $6 billion in bitcoin linked to fraud in China, according to Bloomberg. Between 2017 and 2022, the accused assisted in legitimizing criminal funds for one Zhimin Qian, whom prosecutors described during hearings as a “supervillain.” Investigators claim the fraudulent scheme in China defrauded over […]

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ForkLog 9 11.03.2024

London Stock Exchange to Launch Bitcoin ETN Trading

In the second quarter of 2024, the London Stock Exchange (LSE) will begin accepting applications for the listing of exchange-traded notes (ETN) based on Bitcoin and Ethereum. The company outlined the requirements for crypto products in an information bulletin. These include: physical backing of assets without debt obligations; the presence of market valuation and other […]

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ForkLog 8 04.03.2024

UK and France Allocate £800,000 for AI Research

The UK and France have announced new funding and partnership initiatives aimed at enhancing global AI safety. Under the agreements, the parties have committed £800,000 for joint research. A partnership between the UK’s Institute for AI Safety and the French company Inria has also been announced. “It is right that we support our scientists and […]

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