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The Sale of Perth Glory FC Seems Dead in the Water Based on the Crypto Firm’s Dark Past
The proposed sale of Perth Glory FC, an Australian soccer club, has been thrown into disarray following allegations that the potential buyers have an ongoing fraudulent misrepresentation case in the UK High Court. The claims point out that London Football Exchange (LFE), a London-based cryptocurrency company, and its owner Jim Aylward were facing a $2.2 million USD lawsuit brought forth by a Turkmenistan oil trader.
Bitcoin ATMs Reign Supreme in East and South London
The confidence of residents of East and South London has been boosted as they no longer have to fear crypto scams based on the flourishing number of Bitcoin ATMs. Based on statistics availed by BCB ATM, an operator of Bitcoin ATMs in East London, these machines are used 30 to 40 times daily.
Traditional Financial Giant Lloyd's of London Introduces Cryptocurrency Insurance for Hot Wallets
Insurance giant Lloyd’s has launched a new insurance product to protect digital asset holders against the rising threat of cybercrime in the crypto market.
EToro Boosts Insurance Cover-Up to £1 Million, but Crypto Investments Excluded
eToro has unveiled a new insurance plan that will cover up to 1 million euro for customers, but cryptoassets are excluded from the policy.
IOTA and Imperial College London Launch I3-Lab for Circular Economy Research
Imperial College London, in collaboration with the IOTA Foundation, launches the I3-Lab to drive circular economy research using digital tools.
ElevenLabs Establishes European Headquarters in London
AI audio company ElevenLabs has opened its European HQ in London to leverage the city's diverse talent pool and innovation ecosystem.
Animoca Brands subsidiary Darewise Entertainment Secures US$3.5M for Bitcoin Metaverse Ecosystem Token
Darewise Entertainment raised US$3.5 million via a token pre-sale on 17 October 2023, ahead of its Bitcoin metaverse ecosystem token launch, aimed at enhancing the development of its game Life Beyond. With significant backing from notable investors and strategic support from Horizen Labs for a 2024 token release, the project marks a substantial stride toward creating a Bitcoin-powered gaming metaverse.
Ondo Points Program Launches
Ondo Foundation's new Ondo Points program and ONDO token unlock plan mark significant steps in community engagement and token utility in the DeFi sector.
LSE Set to Launch Bitcoin and Ethereum ETNs
LSE readies for Bitcoin & Ethereum ETN listings in Q2 2024, aligning with FCA's updated crypto stance, signaling a landmark for regulated crypto investments.
Imperial College London Partners with FluidAI to Address Digital Asset Market Inefficiencies
Imperial College London, a top-ranking UK university, has announced a strategic partnership with the fintech startup FluidAI on August 21. The collaboration aims to address and rectify inefficiencies in the digital asset market using advanced artificial intelligence (AI) technologies.
London Hard Fork Saved Ethereum Users $844m in Transaction Fees via Base Fee Refunds
Since going live on August 5, the London Hard Fork or EIP 1559 upgrade sought to make the Ethereum network deflationary by injecting a scarcity parameter.
Ethereum Closed in Green for 7 Weeks amid Burnt Ether Topping $4b
Ethereum has made seven positive weekly closes, given that it has enjoyed a significant upward momentum this quarter.
Ondo Foundation Unveils ONDO Points and Token Unlock Plan
The Ondo Foundation introduces Ondo Points to enhance community engagement and proposes an unlock plan for ONDO tokens, advancing its mission in the DeFi space.
Sui Donates $1M to London Business School for Web3 Research
Sui, a leading blockchain platform, has donated $1 million to London Business School for Web3 research and education, aiming to prepare future technology and business leaders.
Blockchain May Jeopardize London’s Financial and Tax Collection Systems, Proclaims John Straw
John Straw, a senior advisor to IBM and McKinsey, has warned that blockchain could render the financial service sector in London irrelevant. He also noted that the city’s banks could be destroyed, making the collection of corporate and personal taxes cumbersome.
London is the Next Station for The Internationally Overarching Blockchain Summit
As the Most Prodigious and the Largest Blockchain & Crypto Conferences Hub, Blockchain Economy Summit has just successfully finished its Most Global Blockchain Event Ever in Dubai, UAE on 4-5 October, 2022 with more than 3000 profoundly gratified attendees from 74 countries all over the world. Blockchain Economy Dubai Summit hosted dozens of sponsors like GARI, Chingari, NAGAX, Codego, Point Network, Gton Capital and many more at this astounding 5th Edition of the Blockchain Economy Summit.
Ethereum’s Surge Above $2,700 for the First Time in 2 Months Causes Crowd Euphoria
Ethereum’s uptick above $2,700 not experienced in two months has made the crypto community excited.
New London Upgrade Could Help Ethereum Hit $3,000, Crypto Expert Says
Ethereum is likely to increase its value based on the speculation and hype surrounding the London upgrade event.
Ethereum Tumbles as Low As $2,115 Partly Triggered by Delayed London Hard Fork Release
Ethereum is likely to extend its drop as indicated by a rising wedge chart.
German Deutsche Borse Exchange Seeks to Launch New Bitcoin Exchange-Traded Product for Trading
Bitcoin the world’s largest cryptocurrency is making another notable milestone in crypto history as it will be the first crypto asset listed as an exchange traded product (ETP). The company announced the exchange-traded product, popularly known as the Bitcoin exchange-traded crypto (BTCE) - is Bitcoin-backed security that would be listed and traded on Deutsche Borse’s Xetra market-based in Germany. ETP is a financial instrument whose value is based on the underlying security (such as currencies, bonds, and stocks) and is traded on stock exchanges.
Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record
Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark.
Ethereum’s Perpetual Swaps Open Interest Tops $8B for the First Time Since May
Ethereum’s open interest continues to be correlated with its price, as acknowledged by data analytic firm IntoTheBlock.
Ethereum is Set to Become Deflationary after the London Hardfork Went Live
Ethereum is expected to become deflationary, given that its value is anticipated to continue increasing with time on the foundation of slashed supply prompted by the London Hardfork or EIP 1559 upgrade.
Ethereum Leads ahead of Traditional Markets Performance over the Past 30 Days
The London Hardfork or EIP 1559 upgrade that got activated in August seems to have boosted Ethereum’s performance in the last 30 days.
Ethereum 2.0 Full Upgrade Will Prompt a 1% Annual Deflation Rate
A transition to the proof of stake(PoS) consensus mechanism through Ethereum 2.0 will prompt a 1% annual deflation rate on the ETH network.
Massive Outflows and Burnt Ether Stimulate Ethereum Scarcity to Continue
Ever since the London Hardfork or EIP-1559 upgrade went live in August 2021, Ethereum’s supply continues to be depleted based on the burning mechanism incorporated.
Ethereum’s Highly Awaited “London Hard Fork” Is Now Alive
The London Hard Fork – the major updated to Ethereum – is currently underway. Here are the key details of the upgrade.
Ether’s Net Issuance Dropped from Over 4% to 0.21% Last Week
Ethereum's supply continues to diminish based on the London Hardfork or EIP-1559 upgrade.
Burnt Ethereum Edges Closer to a Billion-Dollar Value
After the London Hardfork or EIP 1559 upgrade went live on August 5, the first-ever deflationary block on the Ethereum network occurred because scarcity was introduced every time Ether was burnt after being used in transactions.
Burnt Ether Tops $2B as Ethereum 2.0 Deposit Contract Continues to Grow
Burnt Ether stands at 608,567 ETH worth $2.089 billion since the London Hardfork or EIP 1559 upgrade went live on August 5.
Ethereum’s Transaction Volume Scales the Heights by Topping 2.14B ETH in 2021
With an annual return rate of 399.2%, Ethereum (ETH) has scaled the heights in 2021 thanks to increased adoption and notable upgrades like the London Hard Fork.
Ethereum is Burning at the Rate of 6.29 ETH per Minute
Burnt Ether is edging closer to the 1.2 million ETH mark, given that it's burning at a rate of 6.29 ETH, approximately $24,361, per minute.
Ethereum 2.0 Sees High Deposit Rate as London Hard fork Looms
Ethereum 2.0 deposit contract has seen more accounts deposit 32 ETH in the past days as investors prepare for the impact of the EIP 1559 upgrade launch
Ethereum Based Tokens Surge Following London Hardfork Launch
Thanks to the London Hardfork, which went public, Ethereum is surging with its associated tokens.
London Stock Exchange Acquires Cloud-based Tech Provider TORA for $325M
London Stock Exchange Group (LSEG) plans to buy U.S. cloud-based technology provider TORA for $325 million. The deal will add digital currency assets to its exchange to meet growing investor demand for diversified investment tools.
Blockstream Raises $210M And Acquires an Israeli Bitcoin Mining Gear Firm
Blockstream has raised funding and acquired mining hardware manufacturer Spondoolies to accelerate its Bitcoin mining capabilities.
Former Goldman Sachs Staff Launch DeFi Platform Ondo with $4M Funding Round
Two former Goldman Sachs staff have developed a new DeFi protocol Ondo to enhance how users interact with DeFi products, which has raised $4 million through an equity funding round.