E55 S2 - Boris Couldn’t HODL Anymore

Boris Couldn’t HODL Anymore

Just yesterday, our prime minister Boris Johnson announced that he will be stepping down as conservative party leader and resigning his role as PM once his successor has been chosen. This comes only a few days after dozens of his minsters quit their positions. How will this affect the current crypto market in the UK and will promises still be kept once Bojo is out the door?

 

Boris Johnson, along with 60 other minsters, resign

Boris Johnson announced his resignation following more than 60 ministers resigning from the conservative party. Rishi Sunak being one of them. An avid crypto advocate, Rishi was only last week touting its benefits to at the British Chambers of Commerce’s annual conference. Will his past crypto promises be kept?

 

How many people invest in Crypto in the UK?
Research commissioned by HM Revenue & Customs found that about 6.7 million adults owned or have bought crypto assets. This is almost three times higher than estimates from the Financial Conduct Authority, the City regulator, which said that 2.3 million adults held crypto assets at the start of last year.

 

British Army's YouTube, Twitter Accounts Hacked, Used to Promote NFTs
Over the weekend, the British Army's official Twitter and YouTube accounts were compromised, with hackers using the accounts to promote various different NFT projects. On YouTube, videos were posted promoting Ethereum and Bitcoin scams.

 

WWOC: Korean Hedgefund Uprise  lost 99% of client funds while shorting LUNA during its price crash

Korean crypto startup Uprise lost virtually all of its client funds by shorting luna (LUNA) during its price crash and getting caught on the bounces. The lost funds represent about 99% of the funds that Uprise was managing on behalf of its customers.

 

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