**Prince Andrew Faces Controversy Over Private Buckingham Palace Visit by Cryptocurrency Executives**
Prince Andrew is once again 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 a BBC investigation.
**Prince Andrew Welcomes Crypto Executives Connected to £1.4M Deal**
The businessmen involved, Jay Bloom and Michael Evers, co-founders of the Arizona-based Pegasus Group Holdings, were granted access to Buckingham Palace in June 2019. Notably, this occurred while Queen Elizabeth II was present, adding to the scrutiny surrounding Andrew’s actions.
Bloom and Evers attended Andrew’s Pitch@Palace business event and later dined with Sarah Ferguson and their daughter, Princess Beatrice.
**The Failed Cryptocurrency Project**
Pegasus Group Holdings had pledged to establish a large-scale Bitcoin mining operation powered by solar energy in Arizona. However, the project quickly fell apart, leading to significant financial losses for investors.
Court documents revealed that Pegasus purchased only a fraction of the necessary equipment, resulting in minimal Bitcoin production.
**Sarah Ferguson’s Involvement**
Sarah Ferguson, who worked as a brand ambassador for Pegasus, reportedly earned over £200,000. Her contract included a potential £1.2 million bonus and shares, along with luxury perks such as first-class travel and five-star accommodations. However, she held no responsibility for the technical operations of the project.
**Growing Concerns and Official Responses**
This incident has reignited concerns about the financial dealings of Prince Andrew and Sarah Ferguson, highlighting the complex overlap between their royal status and private business ventures.
In response, Buckingham Palace has confirmed that measures are underway to strip Prince Andrew of his remaining titles and his residence at Windsor Castle.
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**UK Crypto ETN Fee War Erupts Following Regulator’s Reopening of Retail Access**
In related financial news, the UK crypto exchange-traded note (ETN) market has undergone a significant transformation. The Financial Conduct Authority (FCA) recently lifted a four-year ban on retail participation, allowing everyday investors to purchase Bitcoin and Ethereum-linked ETNs through tax-advantaged accounts such as ISAs.
Effective from October 8, this regulatory change has sparked a fierce price war among ETN issuers. Major players, including Bitwise and 21Shares, have reduced management fees, while Fidelity, Invesco, and BlackRock have introduced temporary discounts.
CoinShares continues to lead the market by offering zero management fees, balancing costs through staking rewards.
The London Stock Exchange has also seen a surge in trading volumes, with daily Bitcoin ETN turnover rising significantly.
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*Stay tuned for further updates on these developing stories.*
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