
Datavault AI has been unable to withdraw its bitcoin since June
Shares fell about 50% after the firm told the SEC a withdrawal from the Biconomy exchange has been incomplete since June. No theft has been alleged.
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Shares fell about 50% after the firm told the SEC a withdrawal from the Biconomy exchange has been incomplete since June. No theft has been alleged.

OpenAI's SAT result is subexponential, not polynomial, and nobody has shown an encoding from it to secp256k1 keys or SHA-256 mining.

Bitcoin Core will release fixes immediately for flaws an AI could rediscover in a single prompt, ending the embargoes that once ran for months.

A 10% base case, a -11.2% bear case and 55% annual volatility. J.P. Morgan Asset Management still won't put bitcoin in its main portfolio models.

Coldcard says a phishing link posted from its official X account led to a fake migration site built to collect wallet recovery phrases.

The SEC has cleared six 3x funds to list on Cboe BZX. The maths of a daily reset means a flat week for bitcoin can still cost a holder money.

Ledger's Morpho-powered loans let you borrow stablecoins against bitcoin, but the collateral leaves your device and sits in a smart contract.

HANetf has listed sterling and euro-hedged bitcoin ETCs in London, Frankfurt and Paris. Hedging strips out dollar moves, but it costs and cuts both ways.

The Fed's first rate rise since 2023 barely moved bitcoin, which held above $76,000. Why the 2022 pattern didn't repeat, and what it means in the UK.
Bitcoin is a way of holding and sending money that no company runs and no government issues. There is no head office, no customer service line and nobody with the power to freeze the system, because the system is a public record shared between thousands of computers, each holding an identical copy and checking the others' work. That record is the blockchain: a list of every bitcoin transaction ever made, growing by one page roughly every ten minutes.
The reason it exists is trust, or rather the removal of it. Every other form of digital money needs somebody in the middle keeping the ledger: a bank, a card network, PayPal. Bitcoin's design replaces that middleman with mathematics. When you send bitcoin, the network as a whole confirms the transaction, and once it is written into the record nobody can quietly edit it, including the person who wrote it.
The other unusual thing is scarcity. The software caps the supply at 21 million coins, and the cap is enforced by the same mathematics as everything else. Nobody can print more. Whether that makes bitcoin digital gold or just a very volatile collector's item is the argument the last fifteen years have been having, and this site does not pick a side in it. What we can tell you is how it works, what it costs, and what the rules are here.
You buy bitcoin through an exchange: a website or app where you swap pounds for coins. Any exchange serving UK customers is supposed to be registered with the Financial Conduct Authority for money-laundering checks, which is why they all ask for your ID. That registration is real but narrow. It does not mean the FCA has approved the exchange as an investment, examined its finances, or stands behind it if something goes wrong. Some UK banks also block or limit transfers to crypto exchanges, so how smooth this is depends partly on who you bank with.
This is the part most worth knowing. Money in a UK bank account is protected up to £85,000 by the Financial Services Compensation Scheme if the bank fails. Bitcoin has no equivalent. If an exchange collapses with your coins inside, no scheme makes you whole; you join the queue of creditors. The standard regulator's warning is blunt and accurate: do not put in money you are not prepared to lose.
HMRC treats bitcoin as an asset, like shares, not as currency. Sell at a profit, swap it for another coin, or spend it, and you may owe Capital Gains Tax on the gain above your annual allowance, which is small: £3,000 in recent tax years. Earning bitcoin, through mining or as payment for work, is usually treated as income instead. The rules and the allowance both move, so HMRC's own guidance is the place to check before you file anything.
UK figures last checked August 2026. Tax allowances and protection limits change; check the linked HMRC and FSCS guidance for the current position.
Nothing on this page is financial advice. Crypto is high risk: prices can go to zero, and if something goes wrong you are unlikely to be protected.
Someone using the name Satoshi Nakamoto, who published the design in 2008, ran the project's early years by email, and vanished in 2011. Nobody has convincingly proved who they were, and the roughly one million coins in wallets linked to them have never moved. It is one of the stranger facts about the world's largest cryptocurrency: its founder walked away from both the fortune and the credit.
Around 20 million exist today, of a maximum of 21 million that will ever exist. The last fraction will not be mined until around 2140, because the rate of new coins halves every four years. Millions are widely assumed lost for good: keys thrown out, passwords forgotten, owners gone. Scarcity is the point of the design, and lost coins only add to it.
Mining is how transactions get confirmed and how new coins enter circulation. Computers around the world race to solve a puzzle roughly every ten minutes; the winner adds the next page to the ledger and is paid in new bitcoin for doing it. The puzzle has no value in itself. It exists to make rewriting the record so expensive that cheating never pays for itself.
Every four years or so, the reward miners earn is cut in half. It is the mechanism that enforces the 21 million cap: the flow of new coins slows on a schedule everyone can see, until it stops entirely. Halvings get talked about endlessly because past ones came before big price moves. Whether that pattern means anything is a debate, not a fact, and we treat it as one.
Yes. Owning it, buying it and selling it are all legal. It is not legal tender, which means nobody has to accept it as payment, and the industry around it is only partly regulated. Firms serving UK customers must register with the FCA for anti-money-laundering checks, and promoting crypto to UK consumers is a regulated activity, but the coins themselves sit outside most financial rules.
No. A bitcoin divides into 100 million units called satoshis, and exchanges will sell you almost any fraction of one. The whole-coin price is what makes headlines, but the size of your purchase is your decision, not something the coin's price decides for you. Most people who own bitcoin own a fraction of one.
Two choices. Leave the coins with the exchange, which is convenient and means trusting the exchange with them. Or withdraw them to a wallet you control, which means holding a secret key and being entirely responsible for it: lose the key and the coins are gone, with no reset button and nobody to ring. People have lost money both ways, and which trade-off suits you is a genuinely personal question.
Because nothing anchors it. A share has earnings behind it, a bond pays interest, a currency has an economy; bitcoin's price is purely what the next buyer will pay. Sentiment, regulation and large holders moving coins can all swing it violently, and regularly do. It has lost half its value more than once, and it has also multiplied many times over. That range is the honest answer.
There is no switch. The network runs on thousands of computers across dozens of countries, and stopping it would mean stopping all of them at once. What governments can and do regulate is the edges: the exchanges where ordinary money flows in and out, which is where real-world pressure actually gets applied. The record itself has run without interruption since 2009.
No. The £85,000 FSCS protection that covers a failed bank does not cover crypto, whoever you bought it from. If the platform holding your coins goes under, you become one creditor among many. This is the single biggest practical difference between money in a bank and bitcoin on an exchange, and it is why the standard advice is never to keep more there than you could stand to lose.
Real and large. Mining consumes roughly as much electricity as a mid-sized country, which is either an outrage or the honest cost of running a financial system with no trusted middleman, depending on who you ask. Two things are true at once: the design makes heavy energy use deliberate rather than accidental, and miners chase the cheapest power available, which increasingly means stranded or renewable sources. Neither fact settles the argument.
Our guide compares the FCA-registered platforms on what they verifiably charge, which ones let your coins leave, and what protection you do and do not get.
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