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U.K. space sector suffers a setback following a failed satellite launch

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satellite launch

British space scientists said  that they were disappointed but not discouraged. American company made an attempt by sending one of its rockets from Cornwall. The attempt got failed. Late on Monday, American company Virgin Orbit made an attempt at its first global launch by utilising a modified jumbo aeroplane to transport one of its rockets … Read more

U.K. royal aide apologises to charity head for racist remark

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U.K. royal

Lady Susan Hussey “sincerely apologised” to Ngozi Fulani at Palace. Hussey gave up her honorary royal position after the incident. The British royal family is once again getting a lot of attention. Royal officials said that Lady Susan Hussey “sincerely apologised” to Ngozi Fulani during a “warm and understanding” meeting at Buckingham Palace. A royal … Read more

U.K Prime Minister Boris Johnson resigns, dragged down by scandals

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U.K Prime Minister Boris Johnson resigns, dragged down by scandals

Scandal-ridden After drastically losing the support of his ministers and the majority of Conservative lawmakers, Boris Johnson said on Thursday that he will step down as prime minister of the United Kingdom. He added that he would continue in office until his successor was chosen. Johnson claimed that although it was obvious that his party … Read more

China urges U.S., U.K., Australia to abandon Cold War mindset

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China urges U.S., U.K., Australia to abandon Cold War mindset

BEIJING, April 6 (Xinhua) — A Chinese foreign ministry spokesperson on Wednesday urged the United States, the United Kingdom and Australia to face up to the aspiration of Asia-Pacific countries for peace, development, cooperation and win-win results, and abandon the Cold War mindset and zero-sum game, faithfully fulfill their international obligations and do more things … Read more

PayPal has expanded its cryptocurrency services to UK customers

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PayPal

Customers in the United Kingdom can now use the cryptocurrency services of PayPal. As per the PayPal platform, UK customers can purchase Bitcoin (BTC), ether (ETH), Litecoin (LTC), or Bitcoin cash (BCH) for as low as £1.

The step is the first global growth of its cryptocurrency services. Paypal will remain to utilize regulated crypto company Paxos for its services in the United Kingdom.

The service does not support PayPal business accounts. Clients are also required to verify their ID in order to become qualified for the service.

Head of PayPal’s crypto and blockchain division, Jose Fernandez da Ponte said, “We are committed to continue working closely with regulators in the U.K. and around the world to offer our support and meaningfully contribute to shaping the role digital currencies will play in the future of global finance”.

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Binance warned by Central Bank for operating illegally in Netherlands

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Binance

The Netherlands has imposed a ban on Binance. According to De Nederlandsche Bank (DNB), the company has failed to secure the necessary legal registration, making its services illegal in the country.

DNB said, “This means Binance is not in compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act and is illegally offering services for the exchange between virtual and fiduciary currencies and it is illegally offering custodian wallets”.

The central bank may take action against Binance. As of now the bank has not yet any details. A representative of De Nederlandsche Bank said.

In reply, Binance said that it aims to receive licensing approval from DNB “in due course.”

Binance has recently been the subject of intense regulatory investigation in the U.K., Italy, Japan, Canada, Poland, Thailand, the Cayman Islands, Malta, and other countries.

Changpeng Zhao, the company’s CEO, has even stated that he would be willing to resign if someone with a good compliance background was willing to take his place.

Zhao stated that hiring more workers with regulatory skills was his “top priority.”

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