Bitcoin 

Bitcoin Price Back Above $8K as Pound Sterling Rises on Brexit Deal

Bitcoin (BTC) climbed back above $8,000 on Oct. 17 as news the United Kingdom had agreed on a deal with the European Union over Brexit ricocheted through markets. Cryptocurrency market daily overview. Source: Coin360 Bitcoin Price Reclaims $8K Data from Coin360 showed Bitcoin behaving more like the pound sterling (GBP) on Thursday, gaining 1.3% against the dollar to trade around $8,100. Previously, its trading range had remained under the $8,000 boundary since arriving there on Wednesday amid heavy selling pressure.  As has become characteristic of Bitcoin in recent months, sudden…

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Blockchain 

Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound

Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound (GBP) through the Faster Payments Scheme. Cryptopay revealed the development in a press release with Cointelegraph on Oct. 9, specifying that its United Kingdom-based users can now fund their accounts and make withdrawals with GBP, avoiding GBP to euro conversion charges. The release further explains: “Upon activation users will get their own sort code and account number, which means that the transfers will bear the account holder’s name, not Cryptopay. This is especially important as…

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Bitcoin 

Bitcoin Price Stable Compared to Pound Sterling During Brexit Debacle

With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling. The United Kingdom’s liberal-leaning daily newspaper The Independent reported on Sept. 3 that Bitcoin has, amid the country’s parliamentary drama and the pound’s tribulations, by contrast, seen a solid and protracted period of growth.  By press time, the top cryptocurrency is trading above $10,500 — up 8.36% on the week. The British pound, meanwhile,…

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Blockchain 

EU Exchange Bitstamp Partners with UK Firm to Offer Pound Sterling Onramp

Major European crypto exchange Bitstamp has partnered with digital asset brokerage BCB Group to enable direct transfers in British pounds sterling (GBP). A press release shared with Cointelegraph on July 29 revealed that following the new partnership, by the end of this year United Kingdom-based investors will be able to make GBP withdrawals and deposits directly to and from their Bitstamp accounts. In a statement, BCB Group founder and CEO Oliver von Landsberg-Sadie said that the partnership aligns with the company’s broader aim of providing robust and frictionless services infrastructure…

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Blockchain 

Binance Cryptocurrency Exchange Testing British Pound Stablecoin

Major cryptocurrency exchange Binance is apparently testing a British pound stablecoin on its native blockchain, Binance Chain, according to a Twitter post on June 3. Twitter user CryptosBatman noticed that the listing “$BGBP” appeared on the Binance platform. Screenshot of stablecoin on Binance Chain. Source: Twitter Binance CEO Changpeng Zhao has commented on the tweet, confirming that a pound stablecoin is in the testing phase, with only £200 minted. Zhao came under fire last month for posting about potentially rolling back transactions (re-org) on the exchange after a $40 million…

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Bitcoin 

Bitcoin Briefly Hits Monthly High Above $4,100, British Pound Marks 31-Year Low

Friday, March 29 — Bitcoin (BTC) has hit a monthly high of $4,112 today, while top 20 cryptocurrencies by market cap are trading sideways. Many of the top 20 coins are in red at press time, with Maker (MKR) seeing the biggest losses of almost 5 percent, while Tezos (XTZ) rallied over 15 percent over the past 24 hours. Market visualization from Coin360 The biggest cryptocurrency Bitcoin has hit a multi-week high of $4,112 earlier today, continuing a moderate growth over the day. Bitcoin is up around 0.3 percent at…

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Bitcoin 

Bitcoin Holds $4,000, British Pound Loses to USD as Brexit Anticipation Grows

Monday, March 25 — crypto markets have continued trading sideways, with Bitcoin (BTC) holding the $4,000 threshold at press time, according to data from CoinMarketCap. Most of the top 20 cryptocurrencies by market cap are in the red today, with Cardano (ADA) dropping by more than 4 percent to press time, while Tezos (XTZ) is up almost 5.7 percent over the past 24 hours to press time. Bitcoin has been stable over the day, seeing a slight decline of around 0.2 percent at press time. The biggest cryptocurrency is trading…

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