UK’s Pensions and Welfare Department Eyes DLT for Faster Payments

To keep up with the changing face of payments, the U.K.’s pensions and welfare division of government, the Department for Work and Pensions (DWP), says it is investigating distributed ledger technology. In a blog post published late last week, Richard Laycock deputy director at the DWP’s Digital Delivery Shared Platforms, said that improvements are planned across the…

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73% of UK Consumers Say They Don’t Know What Cryptocurrency Is

Seventy-three percent of U.K. consumers don’t know what a cryptocurrency is or are unable to define it, according to a new survey from the country’s financial watchdog, the Financial Conduct Authority (FCA). Announced Thursday, the research indicates that those who are most aware of cryptocurrencies are likely to be men aged between 20 and 44. The survey,…

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UK: $2.5 Million Losses in Crypto-Related Scams Reported This Summer

British police have warned the public about fraudulent investment schemes involving cryptocurrencies, the volume of which has led to 2 million pounds ($2.55 million) worth of losses this summer, according to an announcement published August 10. In the announcement, the police cite statistics prepared by the Action Fraud national reporting center for fraud and cyber…

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Bitcoin Exchange Sponsoring Premier Soccer Club

News English Premier League soccer club Wolverhampton Wanderers (Wolves) are playing their season with a first-of-its-kind left sleeve: cryptocurrency exchange Coin Deal’s logo. While plenty of other examples of the intersection between professional sports and cryptocurrency exist, the arrangement between the exchange and the Wolves is a fairly big step in bringing the crypto idea to…

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Peter Gabriel, Former Genesis Frontman, Invests in Blockchain Startup for Food Transport

British pop star Peter Gabriel has invested in blockchain startup Provenance, according to a press release July 18. The amount of his investment has not been disclosed. Gabriel joins a group of investors led by Working Group Capital Fund, Digital Currency Group, Merian Ventures, and Plug and Play. With the new investment, U.K.-based Provenance hopes…

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Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Cohort in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”

Regulation In recent regulatory news, U.K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U.K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted into cohort 4 of its regulatory sandbox, and Finland’s Central Bank has published a…

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UK: 40% of Companies in Regulatory Sandbox Deploying Distributed Ledger Technology

The U.K. Financial Conduct Authority (FCA) has unveiled the 29 successful companies to apply to the fourth cohort of the regulator’s sandbox, whereof 40 percent are using distributed ledger technologies (DLT), according to an announcement published July 3. The regulatory sandbox is an initiative designed to help organizations test various products and services in a…

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