Prince Andrew reportedly organized a personal tour of Buckingham Palace for 2 U.S. businessmen concerned in a failed cryptocurrency mining enterprise that had agreed to pay his ex-wife, Sarah Ferguson, as much as £1.4 million, in accordance with a BBC investigation.
Key Takeaways:
- Prince Andrew organized a personal Buckingham Palace go to for crypto businessmen tied to a failed £1.4M cope with his ex-wife, Sarah Ferguson.
- Ferguson earned over £200,000 from Pegasus Group Holdings, whose Bitcoin mining enterprise collapsed.
- The revelations come as Buckingham Palace strikes to strip him of remaining royal titles.
The assembly passed off in June 2019 whereas Queen Elizabeth II was in residence, elevating contemporary questions on Andrew’s use of royal privileges for personal dealings.
Prince Andrew Welcomed Crypto Executives Linked to £1.4M Deal at Palace Occasion
The businessmen, Jay Bloom and Michael Evers, co-founders of the Arizona-based Pegasus Group Holdings, had been chauffeured by means of the palace gates within the Duke of York’s automotive earlier than attending Andrew’s Pitch@Palace enterprise occasion later that day.
Ferguson, who was employed by Pegasus as a “model ambassador,” joined the pair for dinner that night with Andrew and their daughter, Princess Beatrice.
Pegasus claimed to be constructing a large-scale Bitcoin mining operation powered by photo voltaic power within the Arizona desert, however the undertaking collapsed inside a yr, leaving buyers hundreds of thousands out of pocket.
Courtroom filings later revealed that solely 615 of 16,000 deliberate mills had been ever bought, producing simply £25,000 value of Bitcoin.
US buyers finally received a $4.1 million arbitration award after accusing the corporate of misusing funds, a ruling Bloom is interesting.
Paperwork obtained by the BBC present Ferguson was paid greater than £200,000 for her work with Pegasus, with a contract entitling her to an extra £1.2 million bonus and shares within the agency.
Her settlement required first-class journey, five-star lodging, {and professional} styling companies however acknowledged she bore no accountability for the corporate’s technical claims.
The revelations reignite considerations about Andrew and Ferguson’s monetary ties and the blurred strains between their royal standing and personal ventures.
Buckingham Palace confirmed on Thursday that formal steps are underway to strip Andrew of his remaining titles and his Windsor residence amid ongoing scrutiny of his previous associations, together with his hyperlinks to Jeffrey Epstein.
Prince Andrew stripped of all titles.
King Charles formally removes Type, Titles and Honours of Prince Andrew. Achieved with rapid impact.
He’ll now be referred to as Andrew Mountbatten Windsor.
Additionally, he's kicked out of Lodge too. pic.twitter.com/JA3XpBLzxE— Dina Shakti
(@Dina_Shakti) October 30, 2025
Pegasus co-founder Bloom denied assembly the late Queen throughout his palace go to however admitted thanking Andrew and Ferguson for arranging the tour.
UK Crypto ETN Charge Conflict Erupts After Regulator Reopens Retail Entry
As reported, a worth struggle has damaged out amongst UK crypto exchange-traded word (ETN) issuers after the Monetary Conduct Authority (FCA) lifted its four-year ban on retail participation.
The choice, efficient October 8, permits on a regular basis buyers to purchase Bitcoin and Ethereum-linked ETNs by means of tax-free accounts corresponding to ISAs, marking a significant shift within the UK’s regulatory method to digital belongings.
The transfer triggered rapid charge cuts throughout main issuers. Bitwise slashed its Core Bitcoin ETP charge from 0.2% to 0.05%, whereas 21Shares lowered its Bitcoin and Ethereum merchandise to 0.1%.
Constancy, Invesco, and BlackRock joined the fray with momentary reductions, and CoinShares continued to steer the ether market by providing zero administration charges, offset by means of staking rewards.
Buying and selling volumes on the London Inventory Change surged following the coverage change, with each day Bitcoin ETN turnover rising from $2.1 million to $7.2 million.
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