**Prince Andrew Under Fire Over Private Cryptocurrency Meeting at Buckingham Palace**
Prince Andrew has once again found himself at the center of controversy following revelations that he hosted a private visit to Buckingham Palace for cryptocurrency businessmen. This visit is linked to a failed £1.4 million deal involving his ex-wife, Sarah Ferguson, raising serious questions about the use of royal privileges for private business dealings, according to an investigation by the BBC.
The businessmen in question, Jay Bloom and Michael Evers, co-founders of the Arizona-based Pegasus Group Holdings, were granted access to the palace in June 2019. Notably, this event took place while Queen Elizabeth II was present, intensifying scrutiny over Prince Andrew’s conduct.
Bloom and Evers attended Andrew’s Pitch@Palace business event and later joined Ferguson and their daughter, Princess Beatrice, for dinner. Pegasus Group Holdings had committed to establishing a large-scale Bitcoin mining operation powered by solar energy in Arizona. However, the project quickly fell apart, resulting in significant financial losses for investors. Court documents revealed that the company purchased only a small fraction of the necessary equipment and produced minimal Bitcoin.
Sarah Ferguson, who acted as a brand ambassador for Pegasus, reportedly received over £200,000. Her contract also included promises of an additional £1.2 million bonus and shares, as well as luxuries such as first-class travel and five-star accommodations. Despite these benefits, she held no responsibility for the project’s technical operations.
This incident has reignited concerns about the financial entanglements of Prince Andrew and Sarah Ferguson, and how their royal connections might intersect with private business ventures. In response, Buckingham Palace has confirmed that steps are underway to strip Prince Andrew of his remaining titles and his residence at Windsor.
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**UK Crypto ETN Market Heated Up Following FCA’s Retail Access Reopening**
In related financial news, the UK crypto exchange-traded note (ETN) market has experienced a significant shift. The Financial Conduct Authority (FCA) recently lifted a four-year ban on retail participation, allowing everyday investors to buy Bitcoin and Ethereum-linked ETNs through tax-free accounts such as ISAs.
Effective from October 8, this regulatory change has sparked a fee war among ETN issuers. Key players like Bitwise and 21Shares have reduced their fees, while financial giants Fidelity, Invesco, and BlackRock have introduced temporary discounts. CoinShares remains a market leader by offering zero management fees, offsetting costs through staking rewards.
The London Stock Exchange has seen a notable surge in trading volumes, with daily Bitcoin ETN turnover increasing significantly, signaling growing retail interest in cryptocurrency investments.
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*Stay tuned for more updates on this developing story and shifts in the cryptocurrency market.*
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