Unless it can find another service provider, crypto exchange Binance will suspend British pound sterling deposits and withdrawals starting on May 22, according to an email shared with Decrypt. The ema...
Tag: Pound
Binance suspended British Pound deposit and withdrawals for new users on March 13
Ad Binance confirmed to CryptoSlate that it suspended the British Pounds deposit and withdrawals for new users on March 13. In a March 14 emailed statement, a Binance spokesperson said its fiat partne...
Binance Loses UK Banking Partner for British Pound
Binance will discontinue deposits and withdrawals denominated in the British pound until it can find a new banking partner. The crypto exchange informed users of the development via email Monday...
Binance To Stop Deposits and Withdrawals in British Pound
Exchange News New users will no longer be able to fund their accounts with British Pounds. Current customers would retain access to their British pound funds. Binance, a cryptocurrency exchange, has a...
HSBC Acquires Silicon Valley Bank U.K. For 1 Pound
HSBC UK, the ring-fenced subsidiary of HSBC, has acquired Silicon Valley Bank UK for £1 ($1.21), according to a latest filing. In a statement from the Treasury, it said the Bank of England oversaw the...
HSBC Acquires Silicon Valley Bank UK for a Pound (Repor)
HSBC Holdings – the largest banking institution in the United Kingdom – will reportedly purchase Silicon Valley Bank UK Limited (SVB UK) for £1 ($1.20). Silicon Valley Bank made the headlines last wee...
Silicon Valley Bank UK arm acquired by HSBC for one pound
Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition. HSBC officially announced on March 13 that its subsi...
HSBC Subsidiary to Acquire Silicon Valley Bank’s U.K. Unit for 1 Pound
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Pound to rupiah stuck below key resistance
The GBP/IDR exchange rate moved sideways ahead of key economic numbers from the UK. The pair was trading at 18,426, which was a few pips below the year-to-date high of 18,466. It has been in a consoli...
Digital Pound, the Safe Place to Store Value
The deputy governor of the Bank of England (BoE) believes the digital pound could rescue citizens during a bank run, comparing it to the first-generation iPhone. Jon Cunliffe, the Deputy Governor of t...
BoE governor argues a digital pound could protect against bank runs
A new digital version of the pound might help safeguard customers in the event of a banking system collapse, according to Bank of England (BoE) Deputy Governor Jon Cunliffe, adding to the case for a p...
Wholesale digital pound is a question of how, not when, says Bank of England
While the UK government and Bank of England are pushing forward their exploration of a retail digital pound, work on a wholesale solution is also a priority — and a far more certain one. “The qu...
Is it safe to buy the British pound amid the Windsor Framework agreement?
British pound traders have been very busy lately as rumors hinted at a possible agreement between the EU and the UK on the Windsor Framework for the Protocol on Ireland/Northern Ireland. Yesterday, th...
Digital Pound Will Bring New Opportunities for Businesses – BoE
A Bank of England executive has stressed the importance of the digital pound and its benefits for business at the Annual BEAR Research Conference in London. Ben Broadbent, the deputy governor for mone...
Banks Torched After Pound Taps New Low Versus the US Dollar – Economics Bitcoin News
The Lebanese pound’s fall to its lowest ever versus the U.S. dollar, 80,000 to 1, has piled more misery on residents whose local currency-denominated savings have been decimated by inflation. The ongo...
Should you buy or sell the British pound amid inflation coming down?
This week it is all about inflation data. Yesterday, financial market participants learned that yearly inflation in the United States reached 6.4%, a tad higher than expectations, as written here. Inf...
Macro tailwinds favor the Indian rupee to pound
The British pound pulled back against key developed and emerging market currencies after the relatively encouraging UK inflation data. The GBP/INR price retreated to the psychological level of 100, wh...
The Weekend Shift: FTX, Digital Pound, Politics
Welcome to the 105th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write a...
The Bank of England is Looking to Build a Digital Pound
The Bank of England, along with the United Kingdom’s Treasury, is exploring the possibility of a digital currency that would purportedly maintain monetary stability in the UK’s economy. In a joi...
Bank of England Mentions Ripple in Its Digital Pound Consultation Paper
The BoE mentioned Ripple in a recently published CBDC consultation paper. Leading blockchain company Ripple has played significant roles in helping central banks in different parts of the world, inclu...
Digital pound could co-exist with private stablecoins — UK central bank
The United Kingdom is a step closer to launching a central bank digital currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Brit...
Bank of England Releases Paper on Digital Pound CBDC
On Feb. 7, the Bank of England and the HM Treasury department published a consultation paper on the “digital pound,” a UK central bank digital currency. It added that the CBDC would be subject to rigo...
‘Britcoin’ Consultation Lays Groundwork for UK’s Digital Pound
Britain is moving ahead with plans for a digital pound that could be in use by the late 2020s, the country’s Treasury and the central bank said yesterday. “While cash is here to stay, a digital ...
UK’s Bank of England launches digital pound project as ‘new form’ of money
The Bank of England, the UK’s central bank, launched its long-awaited digital pound project, pitching the potential to create a new payment system and form of money. The potential digital...
U.K. Central Bank and Treasury Believe Digital Pound is Needed
According to a story that was published by the Daily Telegraph on February 4, the Bank of England (BoE) and His Majesty’s Treasury feel that it is possible that the United Kingdom will need to d...
UK look to launch digital pound by 2030, roadmap to be released soon
The Bank of England (BoE) and His Majesty’s Treasury will introduce a roadmap to build a central bank digital currency (CBDC) next week, The Telegraph reported on Feb. 4. The BoE and Treasury are look...
Bank of England and UK Treasury Supports ‘Digital Pound’ Project, Says UK is Likely To Need CBDC
The Bank of England (BoE) and UK Treasury are set to back the development of the British central bank digital currency (CBDC), popularly known as “Britcoin” or “digital pound.” The discourse of a Br...
Bank of England predicts a digital pound CBDC by 2030 – Cryptopolitan
The Bank of England and the Treasury are set to introduce the idea of a “digital pound” CBDC in a roadmap to be launched next week. The central bank currency, which has been dubbed “Britcoin,” could b...
GBP to USD Weekly Forecast – British Pound Plunges During Tough Week
GBP to USD Forecast Video for 06.02.23 British Pound vs US Dollar Weekly Technical Analysis The British pound has broken down rather significantly during the course of the trading week, slicing throug...
European Investment Bank issues first-ever sterling pound digital bond on blockchain
The European Investment Bank (EIB) has announced the issuance of its first-ever sterling-denominated digital bond, leveraging both public and private blockchains. According to EIB, the digital bond wo...
NFT Collection Doge Pound Puppies Price, Stats, and Review
From the creators of The Doge Pound comes Doge Pound Puppies. They’re cute, adorable, and also ready for the moon!. Collect yourself an adult and a puppy and down the road you might just unlock ...
UK Bitcoin community reacts to incoming CBDC and digital pound rollout
The U.K. government’s economic and finance ministry, His Majesty’s Treasury, is recruiting for a head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is de...