UK company's stock jumps 20% after its blockchain mention

Veltyco has started discussions with blockchain and cryptocurrency providers about potential partnerships
21 December 2017   1950

Veltyco, a marketing company, which is generating marketing solutions for the gaming industry, saw its stock price leap higher today after telling investors it has started discussions with blockchain and cryptocurrency providers about potential partnerships.

Veltyco is planning to offer its customers the use of a crypto wallet that can be used across the platforms of all of Veltyco's partners, allowing customers access to each platform without having to make separate deposits on the individuals platforms as well as enabling Veltyco to cross-sell the different platforms to its customer base.

After the announcement Veltyco's shares, which are listed on London's AIM growth market, jumped 20%. The stock has pulled back a little since then but it is still up around 13%.

Veltyco ChartsVeltyco Charts

Recently, we have reported that Samsung SDS concluded a test on blockchain-powered storage in marine transport, with the expectation that the technology will take the shipping industry to a new level.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   6

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.