Entradas

Mostrando las entradas etiquetadas como United Kingdom

Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer

Imagen
By William Suberg   One of the United Kingdom’s most senior lawyers said in a speech on May 2 that cryptocurrency and smart contract use will inevitably begin, but regulations are needed. Addressing the University of Liverpool School of Law and the Northern Chancery Bar Association, Sir Geoffery Vos, Chancellor of the High Court, dedicated time to exploring necessary changes in order for smart contracts and crypto assets to become widespread. “My starting point is to ask why smart contracts have taken so long to become ubiquitous,” he began. Vos continued: “We have been discussing how and when they may take over the world of mainstream financial services for several years. Yet, they seem never to make that breakthrough into reality.” Vos has revealed himself to be an advocate of technological reform in the legal sector, noting in a 2018 speech that the U.K. legal system was primed to cope with innovation. This week’s pitch repeated that idea,...

UK Parliament Member Suggests Making Bitcoin a Payment Option for Local Taxation System

Imagen
By  Adrian Zmudzinski A conservative member (MP) of the United Kingdom’s ( U.K. ) Parliament has said that making payments to local authorities and utility providers with Bitcoin ( BTC ) should be possible. The MP’s statements were reported by local news outlet Express.co.uk on Dec. 10. The article notes that Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, described himself as a “crypto enthusiast with amateur knowledge.” He notes that blockchain gets a lot of attention and members of the parliament “have a duty to understand it.” Hughes further explained that he recently met with the Royal National Lifeboat Institution, which accepts cryptocurrency donations, and that the encounter made him think: “What’s to stop us [from] being able to pay council tax and other bills with Bitcoin?” Those declarations come shortly after, as Cointelegraph reported at the end of November, the United States state of Ohio announc...

UK-Based Crypto Platform Launches $1.45 Million Crowdfund Campaign to Bank the Unbanked

Imagen
Image of @InfoNebeus By Maria Yavuz Nebeus, the London-based crypto platform, has launched a 1.1 million pound ($1.45 million) crowdfunding campaign as they set out their ambitious goal of bringing financial services to people around the world. According to the World Bank, there are 1.7 billion adults globally who remain unbanked, yet two-thirds of them own a mobile phone that they could use for online banking. The Nebeus’ campaign went live on Sept. 24, 2018 and has already attracted more than 400,000 pounds ($527,490). The goals of the campaign Backed by industry expert Brett King, the Nebeus campaign will last until October 23, 2018. Currently operating in 45 countries, they now plan for expansion across Europe, Asia and South America. The company wants to make banking simple for people and encourages a wider use of cryptocurrency in everyday spending, offering user-friendly Bitcoin wallets and its recently launched Exo card. The new prepaid card allows users to s...

At least 3,000 Bitcoin ATMs are available worldwide

Imagen
By Moris Beracha According to Coin ATM Radar, a company specialized for studying the Bitcoin ATM market, the number of automatic teller machines for purchasing and selling Bitcoin is growing by 10% on a monthly basis. Only in 2018, the number of bitcoin ATMs rose from 2,000 to 3,000 units distributed around the world. The company estimates that by the end of this year the number of Bitcoin ATMs will reach 6,300 units. Despite the negative price trend of Bitcoin at the beginning of the year, Bitcoin ATM industry is apparently following a different path. General Bytes and Genesis Coin are two companies that lead the market with respect to bitcoin ATM installation. So far this year, General Bytes stays on top with 76 new ATMs installed (10.4% increase), followed by Genesis Coin with 61 installations (6.7% increase). The United States still tops the countries with the highest number of Bitcoin ATMs installed, followed by Canada. In Europe Austria i...