In a LinkedIn job posting the London Stock Exchange Group says it’s seeking a digital assets lead with a “passion” for digital assets, crypto and blockchain.
UK crime agency scouts for seasoned crypto investigators
The ideal candidate to join the National Crime Agency will be an existing member of the police staff who is a certified, accredited financial investigator.
Worldcoin may face UK data regulators inquiry days after launch: Report
The project has faced criticism from within the fintech world over its dystopian features and privacy concerns.
Crypto Hubs 2023: Where to Live Freely and Work Smart
With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.
London: The World’s Capital for Foreign Exchange Adds Cryptocurrencies to Its Ledger
Already a global hub for finance, the No. 3 spot in CoinDesk’s Crypto Hubs 2023 has a healthy grassroots crypto adoption rate and a prime minister eager to attract the digital asset industry.
How Peter McCormack is turning an unknown town into a Bitcoin hub
Bitcoin pitch invasion! A new Cointelegraph video examines a local soccer club’s impact on its town and national Bitcoin adoption.
UK to get ‘early or priority access’ to AI models from Google and OpenAI
It’s unclear at this time what access the U.K. will receive, but the reported commitment could be the first of its kind.
A16z Chooses London as Destination for First Office Outside U.S.
The venture capital firm plans to use the office, which will open later this year, to fund growth in the crypto and startup ecosystems in the U.K. and Europe.
Global impact of a Bitcoin soccer club: Decentralize with Cointelegraph
Can a Bitcoin-boosted football club breathe life into a tired town in the United Kingdom? This week’s “Decentralize with Cointelegraph” podcast tours Bedford.
Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo
The firm said it continues to invest in and grow its asset management business.
UK Financial Regulator Expands Enforcement Against Crypto ATMs to East London
The FCA began enforcing its proclamation that crypto ATMs are illegal last month, inspecting sites in the northern city of Leeds.
Technical discussions take center stage at Advancing Bitcoin conference in London
A look back on a highly technical Bitcoin conference hosted in London, in which ordinals, silent payments and the Lightning Network were studied and discussed.
London emerges as world’s most crypto-ready city for business — Research
An examination of eight key data points determined London to sport the highest crypto readiness to entice businesses and start-ups.
Crypto Stories: How Bitcoin helped a couple start a family
These Bitcoiners from London have “no regrets” about their decision to sell Bitcoin to start a family.
British investment managers call for the blockchain-traded funds’ approval
The Investment Association believes the new technology will bring significant cost savings for end investors.
Floki Inu resumes controversial ad blitz in London
The new campaign spanning buses and train stations across the city comes only a few weeks after regulators banned the previous ads from a marketing run Floki Inu conducted in 2021.
UK air traffic tech firm uses Hedera Hashgraph to track drones
The multi-drone trial was held in Port Montrose, Scotland, and Cranfield University in Bedfordshire in April and October of 2021 respectively.
London assembly member calls for ban on crypto ads in trains and buses
The lawmaker said that she wasn’t specifically targeting memecoin Floki Inu in the push for this crackdown, but rather as one of three current crypto advertising campaigns on London’s public transport.
KingTiger Casino Temporarily Shuts Down Due To Ethereum Network Congestion
KingTiger Casino recently went out of operation due to Ethereum congestion issues. The online casino announced that they wouldn’t be operating until they get a suitable solution for their users.
On their website, the company said they shutting-down due to congestion on the Ehereum network. According to them, it has become impossible to run their games on the network with their current format.
Related Reading | Coinbase Removes USD Coin (USDC)” Backed By Dollar” Statement
For now, KingTiger Casion is searching for a better solution to accommodate their new games and advanced features. Presently the casino services are not working, but users are still able to access their wallets.
Funfair Technologies, the owner of KingTiger, also allows users who wish to create new accounts to do it. Also, KingTiger Casino has assured non-custodial wallet users that they can still control their assets. They assured these users that they could keep their funds in their personal wallets until they want or move them to an ERC-20 address.
A Brief On Funfair And KingTiger
KingTiger was using the FUN token to operate. This is not surprising since the parent company, Funfair technologies, is behind the FUN token based on smart contracts. Funfair technology is a gaming platform using Ethereum smart contracts to execute transactions.
The platform is decentralized and was launched in 2017. The company is yet to make further statements concerning this temporary shutdown of its casino.
Ethereum Hard Fork To Provide Alternative To These Problems
One of the reasons that made the recent London hard fork commendable is that it aims at solving the Ethereum network issues. Before now, there were unsteady transaction fees and a lack of scalability.
Also, the network was becoming too congested following the rise of DeFi and NFTs on the network. But with this upgrade, the community is hoping to see a solution to the scalability issues.
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With the hard fork, there is now an additional 800 deflationary blocks formed following the excessive burning of ETH that surpassed mining rewards. As a result, this mechanism automatically decreased Ethereum supply temporarily.
At the time of writing, ETH targets to cross the $4k mark following Bitcoin’s growth | Source: ETHUSD on TradingView.com
After the upgrade, the price of Ethereum went as high as $2,000 and later broke the $3000 level. However, as of now, the transaction fees on the Ethereum network are still high. Before the upgrade in July, the transaction was as low as $4 but has now added $16. But even at its level, it is still lower than the $33 which Uniswap charges on its network.
Featured image from Pixabay, chart from TradingView.com
Cointelegraph Consulting: Measuring the effects of the London hard fork
The London hard fork comes with five EIPs. Most importantly, EIP-1559 impacts transaction fees and miner revenue, but how significant is it?