Crypto markets pick up after US central bank chair suggests major rate rises may slow down July 28, 2022 The crypto markets have picked up again this morning, with the price of bitcoin climbing back up to just below $23k.
Crypto prices surge after Fed hikes interest rates July 28, 2022 Cryptocurrencies prices climbed after the US Federal Reserve raised interest rates by 75 basis points for the consecutive second month to tackle high inflation. Bitcoin jumped 7.5 per cent to trade at $22,965.5 today while Ether soared 11.14 per cent to trade at $1,624.9 after being pummelled by the crypto crash and investor uncertainty. The [...]
BAE Systems post revenue over £10bn with Saudi deals a tenth of this as new chair brought in July 28, 2022 BAE Systems reported higher sales and revenue for the first half of 2021 helped by work with Saudi Arabia as it met market expectations and announced a new Chair from next year. The defence company’s sales were up 2.8 per cent from the previous year’s first half to £10.6bn as its revenue climbed 4.3 per cent [...]
Law Commission proposes major legal reforms for crypto July 28, 2022 The Law Commission of England and Wales today published new proposals to reform the law around crypto and suggested recognising them as a new, distinct form of property known as “data objects.” The Commission highlighted the increasing importance of crypto and its numerous uses as it considered the principles of private law and private [...]
Law Commission proposes crypto reforms and suggests recognising it as new form of property July 28, 2022 The Law Commission of England and Wales today published new proposals to reform the law around crypto and suggested recognising them as a new, distinct form of property known as “data objects.” The Commission highlighted the increasing importance of crypto and its numerous uses as it considered the principles of private law and private [...]
January Blues: Brits face painful spike in energy bills as Kremlin puts West under pressure July 27, 2022 UK households are set to be hit by energy prices as high as £500 a month in the new year, according to new analysis.
Cryptocurrencies continue to struggle July 27, 2022 In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 [...]
Crypto crash does not have major impact on broader financial systems, says IMF July 27, 2022 The sell-off in the crypto market does not have a major effect on global financial conditions, the International Monetary Fund wrote in a report this week. “Crypto assets have experienced a dramatic sell-off that has led to large losses,” the IMF’s World Economic Outlook Update for July 2022 stated. “But spill overs to the broader [...]
Labour sacks shadow transport minister who defied Starmer and joined picket line July 27, 2022 Labour has sacked shadow transport minister Sam Tarry from its front bench after he defied Sir Keir Starmer’s order not to join a picket line. The disciplinary action comes as 40,000 RMT Union members at 14 unions walked out today and tomorrow over pay and conditions. A Labour Party spokesperson said the decision “isn’t about [...]
European gas prices close in on record highs as Russia cuts flows into Nord Stream pipeline July 27, 2022 European gas prices are closing in on record highs, after Russia followed through on its threat to further cut gas supplies into the troubled continent.