Nextcoin lands major endorsement at London’s PayExpo June 11, 2014 Nextcoin (NXT), the world's third largest cryptocurrency, has received a welcome endorsement from one of the biggest digital currency payment platforms – GoCoin. Speaking at the PayExpo conference in London, co-founder of Cointropolis John Manglaviti, announced that merchants will be able to integrate NXT via the GoCoin plugin into shopping carts such as PrestaShop, Opencart, [...]
UK savers know more about finance than you might think June 11, 2014 Good news for proponents of financial education. People in the UK have are more financially literate than almost every other nationality on earth, a new study has found. Brits came third in a global study of 16 countries that examined who knew their passive from their active, beating out countries such as the US, Japan, [...]
Bank of England deputy governor says Bitcoin is an “interesting” payment tech June 11, 2014 Bitcoin is an "interesting" technology, says newly appointed Bank of England deputy governor Ben Broadbent. Speaking before the Treasury Select Committee (TSC), Broadbent said that "the payment technology is interesting" but that the idea that it is a proper currency is "much less clear". Now responsible for monetary policy, Broadbent said that the first lesson [...]
Why one bank is rooting for Lonmin June 11, 2014 Talks to resolve the workers’ strike that has blighted South Africa’s platinum mining industry for the past 21 weeks dissolved without an outcome on Monday, sending Lonmin’s share price down over three per cent. Lonmin, along with its peers Anglo American Platinum and Impala Platinum, has reached a deadlock with the dominant Association of Mineworkers [...]
How your toilet could be the next hacker victim June 11, 2014 Most people have found reason to be excited about “the internet of things”. Having appliances wired up to your smartphone will make life a lot easier – and probably more fun. But experts are increasingly ready to voice problems that might occur, particularly those that aren’t readily obvious. Gunter Ollmann, chief technology officer of IOActive, [...]
Cash remains king in midst of Middle East’s e-commerce boom June 11, 2014 The Middle East has the fastest growing e-commerce sector in the world, providing opportunities for foreign investors, according to a report by Payfort. In 2004, 20m people in the Arab world were connected to the internet. Over the past ten years this has increased over seven-fold to 140m. As people go online, they have [...]
Pictures: The Boris Johnson-themed Japanese restaurant at County Hall June 11, 2014 London’s blonde-mopped mayor has had many a tribute to him in the capital; there’s Boris Bikes, there’s the oft-pedalled but as yet inexistant Boris Airport and now we’ve got the Boris restaurant. You might not have put Boris and Japanese cuisine together normally, but County Hall’s Izakaya Boris has. There’s a plastic [...]
In pictures: Uber cab protests in London and the rest of Europe June 11, 2014 European cities have come to a standstill as cab drivers protest against the rise of taxi apps such as Uber. Uber customers can hail a ride using their smartphone, which will show them the nearest vehicle available, rather than having to flag a cab. London, Barcelona, Madrid, Rome, Paris and Berlin have suffered traffic disruption [...]
Bank staffer Ben Broadbent: Housing market is greatest threat to UK outlook June 11, 2014 Fear housing market risks, not bond market bubbles, says Bank of England staffer Ben Broadbent. When quizzed by MPs on the potential for emerging bubbles in the UK economy, his words clashed with those of Andy Haldane, now the Bank's chief economist. He disagreed with Haldane's claim that the central bank has "intentionally blown the [...]
World Cup penalties: Less luck, more psychology June 11, 2014 The lottery of the penalty shoot-out. It’s unlikely that you will go the next month without hearing that phrase, but to what extent is this oft-repeated football cliche actually true? Is luck really a factor? Taking a look at the data, luck only really comes into it in during the coin toss to decide who [...]