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Risk Warning - Notice to UK Users  

Estimated reading time: 2 mins

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

1.You could lose all the money you invest

The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.

The crypto asset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.

2.You should not expect to be protected if something goes wrong

The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.

The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm. Learn more about FOS protection here.

3.You may not be able to sell your investment when you want to

There is no guarantee that investments in crypto assets can be easily sold at any given time. The ability to sell a crypto asset depends on various factors, including the supply and demand in the market at that time.

Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your crypto assets at the time you want.

4.Cryptoasset investments can be complex

Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment.

You should do your own research before investing. If something sounds too good to be true, itprobably is.

5.Don’t put all your eggs in one basket

Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.

A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more here.

If you are interested in learning more about how to protect yourself, visit the FCA’s website here.

For further information about cryptoassets, visit the FCA’s website here.

A Deep Dive Into Ethereum Price UK

While Bitcoin is renowned for having a wild ride this year, Ethereum has been subjected to equally exciting price swings. In this article, we're going to explore how the Ethereum price UK has ridden the volatility.

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While Bitcoin is renowned for having a wild ride this year, Ethereum has been subjected to equally exciting price swings. In this article, we're going to explore how the Ethereum price UK has ridden the volatility waves of 2021 and come out singing. Before we dive into the details, we'll first touch on the basics of the network's contribution to the blockchain industry.

What Is Ethereum?

Ethereum is the second biggest cryptocurrency by market cap and was the first to provide the industry with a blockchain platform on which developers can build their own applications (known as decentralized apps, dapps for short). Through Ethereum, users are also able to create smart contracts, which are digital agreements built using blockchain technology that automatically execute once predetermined criteria have been met. These allow for fully automated, decentralised dealings that bypass any issues associated with human error and further drive the benefits of blockchain technology.

Ethereum has been the foundation of enormous innovation in the industry, with over 2,800 dapps, spanning 18 sectors (including games, finance, etc.), built on top of the network. This includes two of the top 10 cryptocurrencies that both used the ERC-20 token standard that Ethereum provides to built stablecoin networks. These stablecoins function as their own entities, however, they use Ethereum's decentralised network to execute transactions within their own enterprise. Whole industries have been built using Ethereum's blockchain foundation, including decentralised finance (more commonly referred to as DeFi).

Ethereum Price UK in 2021

The cryptocurrency opened in 2021 trading just below £545 (UK price), a reasonably high amount compared to the average trading price of £337 experienced in 2020. Five months later the price increased by 6x. Let's explore how it got there, and where it is today.

While Bitcoin also experienced a high increase in value, these two cryptocurrencies grew for two very different reasons. The first few weeks of the year saw gradual growth for Ether, almost tripling in value to a high of £1,400 in mid-February, before taking a dip falling to the £1,000 mark in early March.

This did not last long as the price saw an increase again due to the NFT craze which thrust Ethereum into the mainstream media spotlight. In March, news (both within and outside of the blockchain industry) went crazy over the sale of the world's most expensive NFT. A piece of digital art by an artist called Beeple was sold at Christie's for 38,000 ETH (just over £49.9 million at the time). This news led many outside of the crypto world to learn about Ethereum, as the market witnessed a gradual increase in retail investment over the coming months.

By the first of May, the ETH UK price reached the £2,000 mark for the first time in history, and this fast-paced incline was only just beginning. Three big aspects were about to push the Ethereum price UK to new highs. The first was the network's announcement that an update called Berlin launched, a leap forward in the project's move from a proof of work to a proof of stake consensus. This update was substantial in paving the way to reduce transaction fees, and subsequently drew a lot of attention (and support) within the industry.

Another contributing factor was the announcement that the European Investment Bank was planning to incorporate the Ethereum network in its first-ever digital bond sale, a move that would tie in industry heavyweights like Goldman Sachs, Banco Santander, and Societe Generale. This garnered a lot of attention for Ethereum outside of the crypto industry for a change, within the traditional financial sector.

The final catalyst for Ethereum's all-time high was the launch of Uniswap's V3. As one of the largest DeFi projects, Uniswap is a smart contract protocol set to optimize ETH trading. Both occurring in May 2021, this pushed the value of Ethereum to groundbreaking heights, reaching £3,167.19 on the 12th. Unfortunately, after this the market experienced a mass sell-off, causing the value to less than halve. However, by the end of May, the price had corrected from lows of £1,300 with no issues and was trading around £1,600.

Since the May peak, the cryptocurrency has been engaged in a sideways trading pattern, hitting several small increases and dips along the way. At the time of writing in July 2021, the price was sitting around the £1,400 mark.

Tap Into Ethereum Price UK

If you're looking to enter the market, this price point provides a possible opportunity before the next update launch, expected to take effect in early August. The platform is due to release its London hard fork, as announced by Ethereum developer Tim Beiko.

Another great entry point for traders in the UK into the Ethereum market is Tap Global. A seamless app that allows users to trade, spend, send and receive the second biggest cryptocurrency (among others). Through the platform's secure app, users are able to manage and store their crypto portfolios, as well as several fiat currencies. Learn more about Tap Global today, and change the way you trade.

The views expressed in this article are not financial advice and like any financial venture, you should do your own research before making any decision that could affect your capital.


This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.


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