UK

Non-fungible token (NFT)

HMRC seizes NFT for the first time in a fraud case involving £1.4M in proceeds

Three NFTs have been confiscated by the UK tax authority as part of an investigation into a suspected VAT fraud involving 250 alleged phony firms

Countries

Brits spent over £2B on delivery and returns fees over one month

The research examined all delivery and returns costs for the top 100 retailers in the UK

Blockchain & Crypto

Cryptocurrency crash is top risk for young investors in UK: research

The majority would increase their allocation to cryptocurrencies if the asset class were regulated

Amazon

Amazon changes plans regarding Visa credit card ban

Ban was previously announced in November

Countries

More than half of crypto owners would like to get paid in cryptocurrency

The research surveyed a cross-section of 2,000 crypto owners living in the US and UK

Science & Technology

UK lost over £2B in fraud and cyber-crime cases during 2021

The total number of reported incidents reaches 487,035

News

British kids set to receive a pocket money pay rise this year

According to Barclays, children in the UK are set to receive a pocket money pay rise this year, as average weekly ‘salaries’ are to increase from £6.97 to £7.58 – almost twice the rate of inflation. New research from Barclays reveals how much parents value having their children lend a hand around the home, with […]

Barclays

Amazon customers in UK can now pay later for their orders

Customers need to meet certain eligibility requirements to apply for an instalment account

Italy

Here’s how much European marketplaces are estimated to value

50% of online shoppers use marketplaces

Countries

UK’s сryptocurrency race. Everything you need to know about Britcoin

In April this year, the British finance minister Rishi Sunak announced the UK’s plan to launch a “Britcoin” or a central-bank-backed digital currency. The objective, Sunak said, was to help overcome some of the challenges facing cryptocurrencies such as Bitcoin. To kick off, the minister said a joint Treasury-Bank of England task force was being […]

News

60% of Brits set to do all their Christmas shopping online: survey

Despite the fact we are coming back to normal and in-person stores are opening, the majority of British consumers plan to continue to do all their Christmas shopping online

News

How to apply for Starling bank account

The winner of 2021 British Bank Awards by Smart Money People – Starling bank – offers the best business banking accounts and current accounts, supplemented with an award-winning banking app. Here’s how to become one of its customers

Finance & Economics

eBay teamed up with InPost in the UK

The move is expected to provide sellers with more flexible postal solutions

Science & Technology

Railway stations across UK will soon get contactless ticketing

The idea to unveil digital ticketing in the UK rail network was unveiled in May

Finance & Economics

Amazon to stop accepting Visa credit cards in UK

Still, customers will be able to use Visa debit cards