London company fined after 14.8m spam texts sent

London-based firm Tax Returned Limited has been fined £200,000 by the Information Commissioner’s Office (ICO) for sending out millions of unsolicited marketing text messages. The ICO’s investigation found that, between July 2016 and October 2017, the company broke the law by sending 14.8 million marketing text messages without valid consent through a third party service provider. As the instigator of the campaign, Tax Returned should have taken reasonable steps to make sure the data they obtained complied with the Privacy and Electronic Communications Regulation (PECR), which includes getting specific, prior…

Temporary Crypto Shop Coming to London to Raise Awareness

The rise of cryptocurrencies has become a huge phenomenon across the world, but cryptocurrencies are yet to receive acceptance in the mainstream economic systems. Crypto experts often cite cryptocurrency awareness and education as the key to their adoption. Reality Gaming Group Opens Crypto Shop Mobile developer Reality Gaming Group has taken the initiative to promote cryptocurrencies among the people by planning to host an event in London which will focus on creating cryptocurrency and blockchain awareness. The shop where the event will be hosted will accept only digital currencies as…

Lloyd’s Of London to Insure Custody Platform for Digital Currency

U.K. insurance market leader Lloyd’s of London will insure a crypto custody platform by U.S.-based custodial firm Kingdom Trust, according to a press release published August 28. Founded in 1686, Lloyd’s of London is a British insurance firm that is active in over 200 countries. The company reportedly paid claims in the amount of £68 billion ($87 billion) between 2011 and 2016. Kingdom Trust, which serves over 100,000 customers and has $12 billion in assets under custody, is the reportedly the “first” regulated financial institution to offer qualified custody for…

Kingdom Trust | Secures Crypto Insurance from Llyod’s of London

Digital asset minding company Kingdom Trust, announced today that it has secured insurance coverage through Lloyd’s of London. The insurance is to protect investor assets against theft, destruction, and loss. Kingdom Trust is a qualified custodian of over 30 cryptocurrencies and holds assets valuing $12 Billion USD. Mainstream Involvement The announcement today has made investors sit up, as it is seldom that mainstream financial institutions have an involvement with the volatile and unregulated crypto industry; large banks rarely, if ever, handle cryptocurrency and well-renowned auditors tend to keep it ‘hush-hush’…

Kingdom Trust | Secures Crypto Insurance from Llyod’s of London

Digital asset minding company Kingdom Trust, announced today that it has secured insurance coverage through Lloyd’s of London. The insurance is to protect investor assets against theft, destruction, and loss. Kingdom Trust is a qualified custodian of over 30 cryptocurrencies and holds assets valuing $12 Billion USD. Mainstream Involvement The announcement today has made investors sit up, as it is seldom that mainstream financial institutions get involved with the volatile and unregulated crypto industry; large banks rarely, if ever, handle cryptocurrency. Is Llyod’s Ahead of the Game? The fact that…

UK Watchdog Warns of Crypto Scams Using ‘Prestigious’ London Addresses as Smokescreen

The U.K.’s Financial Conduct Authority (FCA) has said that crypto investment scams are increasingly targeting British investors, in an official warning published August 17. The watchdog warns that fraudsters often use celebrity images, slick websites or “prestigious” City of London addresses as a smokescreen through which to lure prospective investors. It adds: “Scam firms can manipulate software to distort prices and investment returns. They may scam people into buying non-existent cryptocurrencies. They are also known to suddenly close consumers’ online accounts and refuse to transfer the funds to them or…

Crypto Mining Firm Argo Blockchain Listed on London Stock Exchange, Raises $32 Million

Mining firm Argo Blockchain PLC has reportedly become the first crypto company to join the London Stock Exchange (LSE), raising around $32 million for a total valuation of about $61 million, The Telegraph reports August 3. London-based Argo offers customers to the ability to mine four cryptocurrencies — Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), and Zcash — through their own computers or mobile devices for a monthly subscription fee. The service provides immediate access to the firm’s mining rigs and enables direct deposits of all mined coins to…

First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million

A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE).  U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial goal of £20 million through the IPO.  Argo kicked off on the exchange with about 156 million shares accounting for 53.2% of its issued shared capital, according to a company document. Shares were priced at 16…

London School of Economics Introduces Online Course on Crypto

The London School of Economics (LSE) will be offering an online course on cryptocurrency investing, starting in August 2018, Financial Times reports Monday, July 9. According to the announcement, the new course dubbed “Cryptocurrency Investment and Disruption,” will help students learn some “practical skills to interact with cryptocurrency exchanges,” including how to use cryptocurrency wallets, as well as “evaluate the analytics” of initial coin offerings (ICOs). The LSE, which is alma mater to 36 “world leaders” and 18 Nobel Prize laureates, claims it is known for its motto to “understand…