#crypto investment in uk

[lizyoungthomas]

The Future of AI🤖

From TCAF 135 out now on YT and podcast platforms! Links in bio⏯️

#ai #tech #internet #money #finance #podcast #nvidia #stockmarket #socialmedia #robot

[kellyohgee]

Don’t miss out

[pankajfinance]

Your Ultimate Crypto Investment and Trading Guide | FinanceConductor

[ju6hy5gt4eftght]

RECOVERING LOST, HACKED, OR STOLEN CRYPTO - HACK-ANGELS

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[delhi-school-of-business]

Understanding the Challenges of Moving from LIBOR: Navigating the Tides

In the vast ocean of global finance, the London Interbank Offered Rate (LIBOR) stands out. It has long served as a crucial navigational beacon. Established in the mid-1980s, LIBOR quickly became the world’s most widely used benchmark for short-term interest rates. It’s similar to the financial world’s heartbeat. It underpins an estimated $350 trillion worth of financial contracts worldwide. These range from complex derivatives to simple home mortgages.

LIBOR represents the average interest rate for major global banks. They can borrow from one another in the international interbank market for short-term loans. LIBOR is published in five currencies: U.S. dollar, Euro, British pound, Japanese yen, and Swiss franc. It comes in seven different maturities ranging from overnight to one year. This provides a consistent, reliable gauge of the cost of unsecured borrowing in the London interbank market.

The importance of LIBOR in the financial system cannot be overstated. It serves as a reference rate for many financial products. These include syndicated loans, adjustable-rate mortgages, student loans, credit cards, and various types of derivatives. It’s the foundation of the global financial system. It influences borrowing costs throughout the economy. Moreover, it affects the finances of corporations, governments, and consumers alike.

However, LIBOR is the backbone of the financial world. Yet, it doesn’t come without its flaws. The financial world is preparing to navigate a future without it.

The Need for Transition from LIBOR

The journey towards a post-LIBOR world began with a series of unfortunate events. These events shook the financial world to its core. The LIBOR crisis erupted in 2012. It revealed that some banks had been manipulating the rate to their advantage. This led to a crisis of confidence in the benchmark. The scandal tarnished the reputation of LIBOR. It also highlighted its inherent vulnerabilities. One primary concern was that it was based on estimates and not actual transactions. This made it easier to manipulate.

The implications of the crisis were far-reaching. It led to billions of dollars in fines for the banks involved. Additionally, it casts a long shadow over the integrity of the global financial system. In response, it sparked a global conversation. The discussion centred around the need for a more robust and transparent alternative. This alternative needed to withstand the tests of market integrity and reliability.

How Everything Led to LIBOR’s End

In response to the crisis, regulatory bodies worldwide began pushing for a transition away from LIBOR. In the UK, the Financial Conduct Authority (FCA) made an announcement in 2017. It stated it would no longer ask or persuade banks to submit rates for LIBOR’s calculation after 2021. This announcement effectively set the clock ticking for the end of LIBOR.

The final nail in the coffin was in March 2021. The administrator of LIBOR, ICE Benchmark Administration, confirmed the termination dates for most LIBOR settings. It was announced that several LIBOR settings would cease after December 31, 2021. This included all the British pound, euro, Swiss franc, and Japanese yen settings. Additionally, the “one-week and two-month U.S. dollar settings” were included. The remaining U.S. dollar settings would cease immediately after June 30, 2023.

The announcement marked the beginning of the end for LIBOR. It set in motion a significant transition in global finance history. The transition from LIBOR is more than just a regulatory requirement. It’s a crucial step towards a stable and trustworthy financial system.

Challenges in the Transition from LIBOR

Navigating away from LIBOR is no small feat. The transition presents a multitude of challenges that financial institutions and market participants must overcome.

One of the most significant challenges is the complexity of replacing LIBOR in existing contracts, often referred to as “legacy contracts”. These contracts, which can extend beyond 2023, were drafted with LIBOR as the reference rate and often lack adequate provisions for the permanent removal of the benchmark. Modifying these contracts to replace LIBOR with a new rate is an enormous task, both legally and operationally, and raises the potential for legal disputes and market disruption.

The transition also involves the adoption of new risk-free rates (RFRs) that are fundamentally different from LIBOR. Unlike LIBOR, which reflects the credit risk of unsecured interbank lending, RFRs such as the Secured Overnight Financing Rate (SOFR) in the U.S. and the Sterling Overnight Index Average (SONIA) in the UK are nearly risk-free, as they are based on actual transaction data from secure lending markets. This shift from a credit-sensitive rate to a risk-free rate could have significant implications for the pricing and risk management of financial products.

Adding to the complexity is the absence of term structures in the new RFRs. While LIBOR is quoted for different maturities, most RFRs are overnight rates. The development of term rates based on RFRs is still in progress, and until these are widely available and accepted, the transition will remain a challenge.

The impact of the transition extends to various financial sectors and products. From securities, where LIBOR is deeply embedded, to syndicated loans and adjustable-rate mortgages that reference LIBOR, the transition will require significant adjustments. Market participants will need to adapt to new pricing mechanisms, risk management tools, and system changes, all while ensuring minimal disruption to financial markets.

Potential Solutions and Strategies for the Transition

Despite the challenges, the financial world is not walking without a light in this dark transition. Several solutions and strategies are being developed and implemented to navigate the shift from LIBOR. A key part of the solution lies in the development of alternative RFRs.

In the U.S., the Federal Reserve has endorsed the Secured Overnight Financing Rate (SOFR) as the replacement for U.S. dollar LIBOR. SOFR is based on actual transactions in the Treasury repurchase market, making it a more robust and reliable benchmark.

In the UK, the Bank of England has identified the Sterling Overnight Index Average (SONIA) as the preferred alternative to the sterling LIBOR.

These RFRs, along with others being developed around the world, are set to play a pivotal role in the post-LIBOR era.

Another crucial strategy for the transition is the incorporation of robust fallback language in financial contracts. Fallback provisions outline the steps to be taken and the replacement rate to be used if LIBOR ceases to exist. The International Swaps and Derivatives Association (ISDA) has developed a standard fallback protocol, which many market participants have agreed to, providing a clear path for the transition in derivative contracts.

Technology and data also hold the key to managing the transition effectively. Financial institutions are leveraging technology solutions to identify and analyze LIBOR exposure in their contract portfolios. Advanced analytics, fintech solutions and AI are being used to extract and review contractual terms at scale, enabling institutions to manage the transition in a more efficient and risk-controlled manner.

The transition from LIBOR is undoubtedly a complex and challenging process. However, with the right strategies and solutions in place, the financial world can successfully navigate the shift and emerge with a more transparent and robust benchmarking system.

The Impact of the Transition on Global Financial Markets

The ripples of the transition from LIBOR are being felt across global financial markets. This is leading to significant changes and potential disruptions.

One of the most profound impacts is the change in market risk profiles. The shift from LIBOR, a credit-sensitive rate, to nearly risk-free rates changes the dynamics of interest rate risk.

Financial institutions will need to review their risk management strategies. This is because the new rates do not reflect bank credit risk. These rates could also behave differently from LIBOR under various market conditions.

The transition also has a significant effect on interest-rate products and securities. LIBOR is deeply embedded in these markets. Its replacement will require adjustments in pricing, valuation, and risk management of these products. For instance, the shift to SOFR in the U.S. will have effects. It could affect the pricing of interest rate swaps. This is because SOFR tends to be lower than LIBOR due to its nearly risk-free nature.

Moreover, the transition carries the potential for market disruption and legal disputes. The modification of legacy contracts to replace LIBOR could be problematic. It could lead to disagreements over the choice of replacement rate. The adjustment spread might also be a point of contention. This could potentially result in lawsuits. There’s also the risk of market fragmentation. Different jurisdictions or market segments might choose different replacement rates.

The Role of Regulatory Bodies and Financial Institutions in the Transition

Read the full article at: https://dsb.edu.in/understanding-the-challenges-of-moving-from-libor-navigating-the-tides/?utm_source=Tumblr&utm_medium=Tumblr&utm_campaign=Tumblr+LIBOR

[michelle-george]

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[madisonpo4]

Good things and opportunities must be appreciated, @cleansparkmining is really generating good earnings for investors.

You can join them as well tbh!!!!

[crypto-news-26]

Top crypto signals

Signalight: Unveiling the Premier Crypto Signals Telegram Channel

[uk, 2022] — Crypto enthusiasts, traders, and investors now have a new beacon of guidance with the launch of Signalight, the latest and most reliable crypto signals channel on Telegram. Available at 

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or website 

Signalight is set to revolutionize the way individuals navigate the volatile world of cryptocurrency trading.

Signalight was created by a team of seasoned crypto analysts and traders with years of experience in the digital currency market. The channel offers precise, timely, and actionable signals designed to help users make informed trading decisions. Whether you're a novice investor or a seasoned trader, Signalight provides valuable insights to help maximize your returns in the fast-paced crypto market.

Key Features of Signalight:

- Accurate Trading Signals: Signalight delivers well-researched trading signals, including entry points, exit points, and stop-loss recommendations to help users manage their trades effectively.

- Real-Time Alerts: Stay ahead of the curve with instant alerts on promising trades, allowing members to act quickly in a dynamic market environment.

- Comprehensive Market Analysis: Subscribers gain access to in-depth analysis of the latest trends, ensuring they are equipped with the knowledge needed to succeed.

- User-Friendly Interface: Designed with ease of use in mind, Signalight is accessible to traders of all levels, offering a seamless experience on the Telegram platform.

- Community Support: Members of Signalight benefit from an active community of like-minded traders, providing additional support and sharing valuable insights.

“We created Signalight to empower crypto traders with the knowledge and tools they need to make profitable decisions,” said rafael , Spokesperson of Signalight. “Our goal is to create a trusted source of information that users can rely on for both short-term gains and long-term investment strategies.”

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Signalight is a leading crypto signals Telegram channel dedicated to providing accurate, timely, and actionable trading insights to cryptocurrency investors and traders. With a focus on empowering its members, Signalight combines expert analysis with a user-friendly platform to help users navigate the complexities of the crypto market.

---  

Press Contact:  

gal nav

dr crypto  

telegram user @Euros_500

[girlfriendsofthegalaxy]

tuesday again 5/23/2023

six sentences or less bc that's the kind of week it is

listening

straighten up and fly right from the nat king cole songbook, covered by sammy davis junior. i have a lot of fondness for the nat king cole songbook bc my grandmother had a lot of fondness for it, and this one was very comfortably in our (contralto) ranges. really burrowing into the comforting familiar as we enter the Cross Country Move Hellzone (tm). spotify

-

reading

lot of documentation for work bc i am trying to build a google sheet + calendar for our grants and reports such that when someone adds OR EDITS a row in the grant/report tracker it creates a new google calendar event OR UPDATES existing events. i may have to give up on that second half.

in non-work stuff, it is hysterical how many hackers brian krebs (infosec reporter/journalist/researcher) is able to interview. like when this guy was asked "yo is this your code targeting a specific mastodon server with a crypto scam" the response was

Clicking the “open chat in Telegram” button on Zipper’s Lolzteam profile page launched a Telegram instant message chat window where the user Quotpw responded almost immediately. Asked if they were aware their domain was being used to manage a spam botnet that was pelting Mastodon instances with crypto scam spam, Quotpw confirmed the spam was powered by their software.

“It was made for a limited circle of people,” Quotpw said, noting that they recently released the bot software as open source on GitHub.

we live in the stupidest possible cyberpunk future.

-

watching

i don't know jack about shit about cars and i don't know what the fuck jennings motorsports on youtube is talking about 80% of the time but a friendly guy with a calm voice talking through how he's going to get some cars in the worst shape you've ever seen up and running again? yes good thanks, i've blown through his entire backlog in the last week in my second monitor while i've cleaned data. this man is essentially rebuilding this rare limited edition shiny holographic car from half a frame and a panel LOOK how fucked this thing is.

love the Will It Run? videos bc the answer is almost always yes AND SOMETIMES HE EVEN DRIVES THEM DOWN HIS DRIVEWAY AND BACK even if the cars are barely holding themselves together. the horse souls in these machines can be coaxed back into resurrection with the proper burnt offerings and application of liquefied dinosaur

-

playing

the charm of Powerwash Simulator is somewhat dampened by its extremely buggy achievements bc i KNOW i could get all 40 so fuckin easy if they just WORKED. i didn't get the "main campaign completed!" achievement despite spending nearly forty hours 100%ing every job, so i think the rarity of the achievements is somewhat inaccurate, bc it's more like, did you happen to play through that level at a time when the achievement was working? despite all that, it has been incredibly effective at damping generalized moving anxiety and it's a tremendous catch-up-on-podcasts game. it's hysterical to me this was published by square enix bc this style of simulator game is usually published by Playway or a Playway company, a shadowy network of about a hundred small polish studios, many of which went public and had IPOs in order to hand over a controlling interest of the company to Playway. long history of annoying business practices such as remaking more popular games with the serial numbers filed off and making demos to gauge interest and THEN only making about one full game for every twenty demos, which is very irritating for players. not this one tho, it's in fucking brighton in the uk, no relation!

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making

this is going to be cleaning and move prep for the next six weeks. i deep cleaned (even mopped!) my kitchen and bathroom last weekend bc it uh. really needed it, and that's the most exciting thing i did. no progress on cleaning the flip clock radio bc i do not currently have the patience to sit down with qtips and get in all the little grooves.

[gwgaccountant]

are in game currencies you can buy with real money covered under the same laws that make nfts and bitcoin taxable?

DISCLAIMER

I am not an international tax expert. Tax laws are obviously different in different jurisdictions; something that's true in the USA might not be true in the UK or Ukraine or India or Japan or Kenya or whatever. Also, the details of individual games can affect their legal standing. You may wish to consult a local tax expert before filing your return.

Disclaimers aside, probably not.

The thing about NFTs is that you can resell them. If you buy an ugly ape for etherium, you can later sell that ape for etherium and sell the etherium for cash, hopefully more than you paid in. That's what makes crypto stuff taxable; it's an investment.

Most in-game currencies cannot be exchanged for real-world money. You can't buy Fortnite VBucks at 5¢ to the buck and resell it at 7¢ to make a profit, and you can't sell anything for real-world cash. (This the main reason why gambling regulations usually don't apply to lootboxes.)

As far as the law is concerned, buying VBucks in Fortnite is no different from buying DLC on Steam.

Aside from blockchain games like the infamous Axie Infinity, the only ways I can think of for in-game currency purchases to result in taxable transactions probably violate the terms of service. Back in ye olde World of Warcraft days, people would sell their in-game gold for real-world money—profitable, despite (or because of?) being against the TOS.

Obviously, people can buy premium video game currency with their own money; that's what premium currency is for. But hypothetically, if you used that currency to buy an in-game item that you sold for real-world money, that would be a taxable transaction. The amount you sold it for minus the price initially paid for in-game currency would be taxable game.

Again, this is probably a violation of the terms of service you agreed to without reading, which would make this a breach of contract. In the US, you are required to report illegal income; however, as per the fifth amendment, you don't have to report anything that would incriminate yourself. How you report such income without self-incrimination is an exercise for any reader running a Fortnite money laundering business.

[archax]

Wondering how to invest in cryptocurrency in the UK? Our step-by-step guide simplifies the process, making it easy for you to enter the crypto world. For #HowtoInvestinCryptocurrencyUK, Click: https://archax.com

[lizyoungthomas]

That's a wrap on @futureproofac ‼️ Thanks for another great event ✌🏼

[systemtek]

New bill introduced in UK Parliament to clarify crypto’s legal status

The Property (Digital Assets etc) Bill, introduced in Parliament yesterday, will mean that for the first time in British history, digital holdings including cryptocurrency, non-fungible tokens such as digital art, and carbon credits can be considered as personal property under the law. The Bill will also ensure Britain maintains its pole position in the emerging global crypto race by being one of the first countries to recognise these assets in law. Previously, digital belongings were not definitively included in the scope of English and Welsh property law – leaving owners in a legal grey area if their assets were interfered with. The new law will therefore also give legal protection to owners and companies against fraud and scams, while helping judges deal with complex cases where digital holdings are disputed or form part of settlements, for example in divorce cases. Justice Minister Heidi Alexander said: Our world-leading legal services form a vital part of our economy, helping to drive forward growth and keep Britain at the heart of the international legal industry. It is essential that the law keeps pace with evolving technologies and this legislation will mean that the sector can maintain its position as a global leader in cryptoassets and bring clarity to complex property cases. Today’s news also means the UK legal sector will be better equipped to respond to new technologies, attracting more business and investment to the legal services industry which is already worth £34 billion a year to the economy. It is estimated that English law governs £250 billion of global mergers and acquisitions, and 40 per cent of global corporate arbitrations, so keeping the law up to date is vital to ensuring that the UK remains the law of choice internationally.  Read the full article

[24newspressblogs]

Golden Brokers review – Is goldenbrokers.my scam or good forex broker?

Golden Brokers is a Malaysian broker, offering a fine selection of currency pairs and various other CFDs, with a single account type, leverage of up to 1:100 and the MetaTrader5 platform. Golden Brokers is regulated by the local Labuan Financial Services Authority. For more information about their offer please check the following review.

Golden Brokers Advantages:

Regulated in Malaysia

We will credit Golden Brokers for their license. The broker is owned and operated by Golden Brokers Ltd., which is licensed and authorized by the Labuan Financial Services Authority (LFSA) – the official regulator in Malaysia, which similarly to well known institutions like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), by far the three most popular regulators in the industry, oversees forex and CFD brokers by requiring them to follow certain fiscal and ethical rules, to file regular reports and to allow external audits.

With brokers regulated in the EU or by the FCA in the UK however, you will even get additional protection by special client compensation funds, which in the case of FCA will cover up to 85 000 GBP of your trading account even in the unlikely case your broker files for bankruptcy. So here you may check as well our list of brokers, regulated in the UK:

Over 60 currency pairs, a good selection of CFDs

Golden Brokers offers 63 currency pairs, many of which minor or exotic like USD/ZAR, USD/TRY, USD/SGD, USD/SEK, USD/RUB, USD/PLN, USD/NOK, USD/MXN, USD/HUF, USD/HKD, USD/DKK, USD/CZK, USD/BRL and USD/CNH, as well as CFDs on silver, gold, platinum, oil, natural gas, cocoa, coffee, cotton, sugar, corn, wheat, aluminum, copper, nickel, zinc, a selection of indices, futures and stocks – all in all well over 700 trading instruments. 

As we do not see any crypto assets however, here you may check as well our list of brokers, trading with bitcoin CFDs: 

MetaTrader5 supported

Along the venerable MetaTrader4, MetaTrader5 ranks among the most widely used trading platforms on the market. Similarly to the MT4 it features numerous market indicators – well over 50, and customizable trading robots with the help of which one can easily run automated trading sessions. Here you may check the platform on the screenshot below.

And besides, MT5 comes with a very useful set of advanced charting tools, so here you may also check the link with our brokers, which support the platform as well:

Golden Brokers Disadvantages:

High spreads

As tested with a demo account the benchmark EURUSD spread floated above 3 pips and this is about twice the spread traders would usually find attractive with a standard account, without a trading commission. So here you may check as well our list of brokers, offering tighter spreads:

Does not seem to accept payments with Skrill

The broker accepts payments with bank wire transfers and major credit cards like VISA and MasterCard, but does not seem to accept Skrill, so here you may also check our list of brokers, which do accept Skrill:

No information about the minimum deposit requirement

Just bear in mind that most broker would ask for an initial deposit of about 250 USD, while some big and well known names like FBS and IG will let you start trading with just 5 USD or even less.

Conclusion:

A definite advantage about Golden Brokers is that they are both regulated and able to offer relatively higher leverage – 1:100. And they also support a professional trading platform – the MetaTrader5 with a good selection of currency pairs and plenty of CFDs. Unfortunately the spreads are far form attractive, and for an experienced trader this is not a minor issue.

[archax]

New to crypto? Our beginner's guide to buying cryptocurrency in the UK has you covered. Learn the basics and start investing with confidence. For #HowToBuyCryptocurrencyUKforBeginners, Visit: https://archax.com/

[lizyoungthomas]

New home sales surged to 739k, above consensus of 623k, and the prior month was revised up. Months supply of new homes (a measure of supply of new homes vs demand) fell to 7.5. Still pretty elevated though, which should mean muted price pressure