Search results for Kwasi Kwarteng
Crypto
Former UK prime minister says Britain in structural economic stagnation, backs bitcoin
Former British Prime Minister Liz Truss said Britain has been stuck for decades and blamed the country\'s long-term stagnation on currency debasement and flawed monetary policy. She said inflation and new money issuance have driven down the pound\'s value and that the current financial environment has increased interest in bitcoin. Truss warned the system is designed to tighten centralised control through regulation and taxation and argued bitcoin can counter that trend.
Crypto
Reform UK leader Farage discloses $2.5 million bitcoin purchase
Nigel Farage, a British lawmaker and leader of Reform UK, disclosed a $2.5 million bitcoin purchase. The transaction was carried out through London-listed bitcoin treasury firm Stack BTC Plc and was described as the first case of a sitting British member of parliament publicly buying bitcoin. Stack BTC said its holdings rose to 68.19 BTC from 21 BTC. The firm says it converts surplus capital into bitcoin after acquiring profitable UK businesses.
Crypto
Reform UK leader Nigel Farage makes strategic investment in bitcoin firm Stack BTC
Nigel Farage (나이절 패라지), leader of Britain\'s Reform UK, has made a strategic investment in bitcoin firm Stack BTC, The Block reported on March 9. Stack BTC completed a share funding round worth 260,000 pounds ($347,000), with Farage and Blockchain.com participating as investors. Farage secured a 6.3 percent stake through his investment company. Stack BTC said it will use the funds to accumulate bitcoin and buy profitable businesses.