Jul 17, 2018Chelsea Roh
![UK Aims to Become Global Crypto Leader (1) UK Aims to Become Global Crypto Leader (1)](https://i0.wp.com/cryptocurrencynews.com/wp-content/uploads/sites/3/2018/07/U.K.-Aims.png)
UK blockchain: With its latest moves in the crypto space, the UK is well-placed at becoming a global leader in blockchain technologies.According to the group analysis by DAG Global, Big Innovation Centre, and Deep Knowledge Analytics, Great Britain has all the required resources to become a global hub for blockchain technology by the year 2022.CEO of DAG Global, Sean Kiernan, told The Guardian:
"The UK is a major global financial hub and in recent years has become a fintech leader as well. At the same time, it is starting to demonstrate significant potential to become a leader in blockchain technologies and the crypto economy. The gap between the two worlds of traditional finance and crypto economy remains, but in the coming years we can expect this to lessen and eventually disappear."
Report Findings
The authors of the report considered the £500 million worth of investments made between 2017–2018 into the UK's blockchain companies. Due to these calculations, the group concluded that the country could easily become a digital ledger and crypto leader within the next few years.This research was also supported by the all-party parliamentary group on blockchain.In the past, blockchain has been seen by the UK parliament as an emerging and important technology. Parliament has taken necessary strides in the past to support the accelerated development of the technology and to stay ahead of most countries. The country's leaders recognize its disruptive abilities and don't want to fall behind."We are still at the early stages of the blockchain industry's development and the huge impact it undoubtedly will have in Britain and globally," CEO of the Big Innovation Centre, Birgitte Andersen, told The Guardian.Andersen states that there are a variety of "government incentives" that are in place that will continue to drive more investments into UKblockchain companies.>> Robinhood Lists Dogecoin, Altcoin Surges: Much Wow, Very Cool!Featured Image:ghanatalksbusiness.com
STOCKS YOU MAY LIKE
Crypto News
Square Wins US Patent for Fiat-to-Crypto Payments Network
Jan 22, 2020Caileam Raleigh
Square, the payment services provider founded and run by Twitter's Jack Dorsey, has won a US patent to launcha new network that enables crypto-to-fiat transactions. Square was founded in 2009 by Jack Dorsey and Jim ... [Read]
Crypto News
Cryptocurrency Future- What Does It Look Like?
Feb 9, 2018Robert Herbison
Cryptocurrency Future - What would that actually look like? A cryptocurrency or digital currency is essentially virtual funding managed by sophisticated encryption methods, collectively known as cryptography. It first manifested back in 2009 in the ... [Read]
Crypto News
The Cryptocurrency Mania Will Expand Further
Jan 5, 2018Siraj Sarwar
The consolidated value of cryptocurrencies has recently crossed the $750 billion mark. Bitcoin, the most popular among cryptocurrencies, accounts for almost 40% the total market capitalization of crypto markets. Market capitalization is always considered as ... [Read]
Crypto News
Trending Crypto News | May 14 – May 18
May 18, 2018Caroline Harris
The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week's trending crypto news! Trending Crypto News | May ... [Read]
Blog
How Trending News Influences Crypto Markets
May 14, 2018Nick Rojas
Back in the 2000s, the only game in town for cryptos was Bitcoin. These days, there are so many coins that newcomers need guides to help them decide which ones to buy. Each crypto has ... [Read]
Exchanges
Bitcoin Exchange Platform Coinbase Becomes #1 Trending iOS App
Nov 27, 2017Jen Jiang
Coinbase has officially become the top trending search in the iOS App Store. Bitcoin was busy breaking records when the American Thanksgiving holiday arrived. Since the weekend, bitcoin price has risen around $1,600. The increase ... [Read]
Ethereum News
Ethereum Traders “Selling the News” During the Merge — Crash Ahead?
Sep 15, 2022Adewumi Victor
As the ETH exchange balance rises, Ethereum traders are banking on a "sell-the-news" scenario on the day of the Merge. On September 15, Ethereum's long-awaited shift to proof-of-stake was accomplished via "the Merge," while traders ... [Read]
Crypto News
Huobi Obtains License to Operate in the British Virgin Islands, States There Is No Timetable for Expansion Into the United Kingdom Yet
Sep 12, 2022Adewumi Victor
Huobi's affiliate Brtuomi Worldwide is one of the first exchanges in the British Overseas Territory to offer compliant crypto derivatives and trading services. In addition, Huobi, a major cryptocurrency exchange, is expanding its worldwide ... [Read]
Crypto News
Starbucks Announces New NFT Utility For Coffee Members
Sep 12, 2022Adewumi Victor
Starbucks The nonfungible tokens, or NFTs, are created on Polygon's proof-of-stake blockchain. Starbucks said on Monday that its U.S. members would be able to earn and purchase digital collectible stamps in the form of nonfungible ... [Read]