From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money

From Buenos Aires to Beirut - Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own MoneyThe coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their own hard-earned savings. The news shows the great importance of censorship-resistant money and how […]

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Bank of England Predicts Worst Economic Crash in 300 Years for UK

Bank of England Predicts Worst Economic Crash in 300 Years for UKThe Bank of England has predicted the worst economic crash since the Great Frost of 1709. Economists are less optimistic than the central bank about the rate of recovery for the UK economy. “Current conditions are unprecedented in our lifetime and all forecasters are struggling to make out where the economy stands now,” one economist […]

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Tesla Files Application to Enter the UK as an Electricity Provider

Technology companies are always trying to increase their footprint on society. In the case of Tesla, the company is seemingly inclined to enter the UK electricity sector.  Most people are familiar with Tesla as a company right now. Tesla Eyes a Brand new Market Its main focus comes in the form of building and manufacturing electric vehicles. Following some recent developments, the company is trying to focus on the UK market. Not just in the form of electric cars either, but as an electricity provider. A license application was filed earlier in the week. If granted, Tesla will become active

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UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%

UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million ($875 million) a year earlier. By comparison, equity funding provided […]

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66% of Europeans Feel Optimistic About Future of Bitcoin, Study Shows

66% of Europeans Feel Optimistic About Future of Bitcoin, Study ShowsEuropeans are feeling more optimistic about the future of bitcoin. A recent study shows that more than two thirds of them believe cryptocurrency will remain in existence in 10 years time, with some convinced BTC will become a key part of the economy, both as a security and investment. Crypto exchange Bitflyer, which produced the […]

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Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents

Spain's Lawmakers Plan to Provide Basic Income to Low-Income ResidentsSpain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they plan to “do it as soon as possible, so it can be […]

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The UK’s FCA Shows a Keen Interest in Bitmex

TheMerkle BitMEX Bitcoin CashBitmex is one of the more interesting platforms related to cryptocurrencies. However, due to some very odd developments in recent years, the FCA is now officially investigating the platform. Any company providing access to crypto-related financial services needs to be scrutinized. Bitmex may Face Regulatory Scrutiny This is especially true when dealing with margin trading for volatile assets. In the case of Bitmex, the platform has seen some very unusual market developments. Every now and then, some market seems to temporarily crash, liquidating millions of dollars in positions. Not that long ago this happened to the XRP market. For the

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UK’s FCA Suspends Epayments Service – Over £100M Frozen and Alleged Onecoin Connection

UK's FCA Suspends Epayments Service - Over £100M Frozen and Alleged Onecoin ConnectionsEpayments, one of the largest payment providers in the U.K., has halted operations after the Financial Conduct Authority (FCA) suspended the company for “weaknesses” related to its anti-money-laundering (AML) process. Since Epayments shut down on February 11, customers have been complaining because they cannot access their money. Reports also detail that if the firm becomes […]

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Ireland Seizes Bitcoin Stash Worth $56M But Can’t Sell for 7 Years

Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996. A new era […]

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