Bitcoin hack: Millions potentially lost after a bitcoin mining marketplace NiceHash was hacked December 7, 2017 Millions of dollars worth of bitcoin are potentially missing after a security breach at cryptocurrency mining marketplace NiceHash. In a post on its Facebook page late last night, NiceHash said it was investigating the nature of the incident and would stop all operations for 24 hours. “Importantly, our payment system was compromised and the contents [...]
I would kill to be the CEO of… British Airways December 7, 2017 On the face of it, those who know me will be thinking this is a weird choice. Why? Because I have a full-blown fear of flying. But those who share my irrational phobia might understand. When you fear flying – and it is an inevitable part of your business life – you tend to develop [...]
As the cryptocurrency booms, fear of a bitcoin bubble is not the only trouble December 7, 2017 Two baffling B-words dominate both boardroom and dining table conversations these days – Brexit and bitcoin. While the former is marred by talk of lack of progress, the latter is seemingly unstoppable. Bitcoin prices hit nearly $13,000 (£9,700) yesterday in a fresh record. The price surge is thanks to a flurry of investors jumping on [...]
Bitcoin mining explained: How does it work? Why does it use so much energy? Is there any way to fix it? December 7, 2017 All eyes are on bitcoin at the moment. The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. With recent reports pointing to the high energy cost associated with mining, the process used to create bitcoin, is there [...]
Careless employees are a bigger threat to cyber security than external hackers December 7, 2017 Cyber attacks are in the news every day. Uber’s recent hack affected 57m people worldwide, and made headlines when it was revealed the company had paid $100,000 to recover data and keep the breach secret. However, the attention given to high-profile hacks may be misleading – especially if they only focus on attacks from outside. [...]
Made in China? Xi Jinping could dethrone the nation’s counterfeit kings December 7, 2017 Imitation might be the highest form of flattery, but that is of little comfort to the western businesses that suffer at the hands of China’s infamous copycat kings. From apps to caps, few products avoid the risk of spawning an illegitimate twin. All eyes are now on President Xi Jinping, as Chinese industry looks set [...]
City patience over Brexit wears thin as DUP impasse continues while Davis admits no impact assessments, Hammond admits no “end state” discussions December 7, 2017 City chiefs are rapidly losing patience with the government’s handling of Brexit negotiations, as the deadlock on the Irish border continues to hold back talks. There was no end to the deadlock on the Irish border proposal yesterday, despite a “constructive” phone call between Theresa May and Arlene Foster, leader of power-brokers the DUP. The [...]
Islington is the best borough for entrepreneurs | City A.M. December 7, 2017 Islington has topped a list of the best places in the UK for entrepreneurs. The borough has become a hub for digital and creative industries, according to research by the Centre for Economics and Business Research and wealth manager Kleinwort Hambros. Read more: Politicians could use a business lesson from UK entrepreneurs Its success was [...]
Liverpool 7, Spartak Moscow 0: Jurgen Klopp delighted as Reds book Champions League last 16 place in spectacular style December 6, 2017 Liverpool 7, Spartak Moscow 0 Delighted manager Jurgen Klopp toasted Liverpool’s return to the Champions League knockout rounds for the first time since 2008-09 after they capped the group phase by routing Spartak Moscow. Philippe Coutinho scored his first hat-trick for the club, Sadio Mane struck twice and Roberto Firmino and Mohamed Salah got one [...]
European Commission unveils plans to deepen eurozone ties while the “sun is shining” December 6, 2017 Sweeping changes have today been unveiled by the European Commission, putting the eurozone on a path towards deeper economic and monetary union. Brussels wants to create a new fund to help bail out struggling member states and tabled a controversial idea of a European finance minister. The proposals do not go as far as leaked [...]