Prince Andrew Welcomed Cryptocurrency Entrepreneurs at Buckingham Palace for £1.4 Million Agreement: BBC

According to a BBC investigation, Prince Andrew allegedly organized a private tour of Buckingham Palace for two U.S. entrepreneurs involved in a failed cryptocurrency mining project that had promised to pay his ex-wife, Sarah Ferguson, up to £1.4 million.

Key Takeaways:

• Prince Andrew facilitated a private visit to Buckingham Palace for cryptocurrency entrepreneurs associated with a failed £1.4M agreement involving his ex-wife, Sarah Ferguson.
• Ferguson received over £200,000 from Pegasus Group Holdings, which saw its Bitcoin mining initiative fail.
• The disclosures arise as Buckingham Palace seeks to revoke his remaining royal titles.

The encounter occurred in June 2019 while Queen Elizabeth II was present, prompting renewed inquiries into Andrew’s utilization of royal privileges for personal transactions.

Prince Andrew Hosted Crypto Executives Associated with £1.4M Agreement at Palace Event

The entrepreneurs, Jay Bloom and Michael Evers, co-founders of Arizona’s Pegasus Group Holdings, were driven through the palace gates in the Duke of York’s vehicle before participating in Andrew’s Pitch@Palace business event later that day.

Ferguson, who served as a “brand ambassador” for Pegasus, dined with the two men that evening alongside Andrew and their daughter, Princess Beatrice.

Pegasus claimed to be developing a large-scale Bitcoin mining facility powered by solar energy in the Arizona desert, but the initiative failed within a year, leaving investors with significant losses.

Court documents later disclosed that only 615 of the 16,000 intended generators were ever acquired, yielding merely £25,000 in Bitcoin.

U.S. investors ultimately secured a $4.1 million arbitration ruling after alleging the company mismanaged funds, a decision Bloom is currently contesting.

Documents obtained by the BBC indicate that Ferguson was compensated over £200,000 for her role with Pegasus, with a contract that included an additional £1.2 million bonus and equity in the company.

Her agreement stipulated first-class travel, five-star lodging, and professional styling services but indicated she held no accountability for the company’s technical assertions.

The disclosures rekindle concerns regarding the financial connections between Andrew and Ferguson, as well as the ambiguous boundaries between their royal roles and private enterprises.

Buckingham Palace confirmed on Thursday that formal procedures are in progress to revoke Andrew’s remaining titles and his residence in Windsor amid ongoing examination of his past associations, including ties to Jeffrey Epstein.

Prince Andrew stripped of all titles.
King Charles formally removes Style, Titles and Honours of Prince Andrew. Done with immediate effect.
He will now be known as Andrew Mountbatten Windsor.
Also, he’s kicked out of Lodge too. pic.twitter.com/JA3XpBLzxE

— Dina Shakti (@Dina_Shakti) October 30, 2025

Pegasus co-founder Bloom denied having met the late Queen during his visit to the palace but acknowledged expressing gratitude to Andrew and Ferguson for organizing the tour.

UK Crypto ETN Fee War Erupts After Regulator Reopens Retail Access

As reported, a competitive pricing battle has emerged among UK crypto exchange-traded note (ETN) issuers following the Financial Conduct Authority (FCA) lifting its four-year ban on retail participation.

The decision, effective October 8, permits everyday investors to acquire Bitcoin and Ethereum-linked ETNs through tax-free accounts such as ISAs, representing a significant shift in the UK’s regulatory stance on digital assets.

This move prompted immediate fee reductions among major issuers. Bitwise reduced its Core Bitcoin ETP fee from 0.2% to 0.05%, while 21Shares cut its Bitcoin and Ethereum product fees to 0.1%.

Fidelity, Invesco, and BlackRock also joined the competition with temporary discounts, and CoinShares maintained its lead in the ether market by offering zero management fees, compensated through staking rewards.

Trading volumes on the London Stock Exchange surged following the policy change, with daily Bitcoin ETN turnover increasing from $2.1 million to $7.2 million.

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