£12m in remortgages and drawdowns every single day: Homeowners release record £4.4bn in property wealth January 19, 2022 Older homeowners released a record £4.4 billion in property wealth last year at a rate of more than £12 million a day as customers helped family and secured their own finances by repaying debt or remortgaging existing borrowing, according to new data. Around one in five equity release plans (19 per cent) taken out in [...]
BDO exec on Treasury clampdown on crypto advertising: ‘We all knew this day was coming’ January 19, 2022 The Treasury outlined plans yesterday to legislate to address misleading cryptoasset promotions. Adverts will be brought into line with other financial advertising, ensuring they are fair and clear, with the new rules designed to increase consumer protection. “This is the day promoters of cryptoassets have known was coming for a long time, commented Adam Soilleux, [...]
€200bn moved across Irish Sea since Brexit: Balance sheets of global banks in Dublin swell to record €500bn January 19, 2022 The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros. As a result, Dublin is gradually becoming a major banking hub within the EU, adding as much as €200bn to banks’ balance sheets since the UK voted to leave the [...]
The world in 2022: a map to global politics January 19, 2022 In 2022 the fault lines of global politics will be tested again. City A.M. and the British Foreign Policy Group chart the year ahead. If the pandemic taught us anything, it is the deep ramifications that one country’s domestic politics have globally. From the future of the French President to continual Chinese aggression, here we [...]
Intel hints at low voltage Bitcoin mining chip January 19, 2022 Intel - one of the world's most recognisable microchip manufacturers - has suggested it may be about to release a Bitcoin mining chip.
Remembering the birth of the the metaverse January 18, 2022 Dr Chris Kacher looks back on the foundation days of the metaverse - a time when he was known as Damien the Dreaded and Redrum.
Could Bitcoin be powered by volcanoes? January 18, 2022 | City Talk One topic at the forefront of crypto conversions in 2021 has been energy consumption. Due to record blockchain growth, coupled with the copious amounts of electricity needed to mine bitcoin and other assets, the quest for more renewable energy sources has become a top priority for an industry looking to lower its carbon footprint. For [...]
Virgin Galactic distances itself from chairman after controversial Uyghur comments January 18, 2022 Virgin Galactic has distanced itself from comments made by its chairman yesterday, urging that his views do not reflect that of the company’s. Chairman Chamath Palihapitiya told the All-In Podcast audience that “nobody cares about what’s happening to the Uyghur Muslims.” Venture capitalist Palihapitiya, amidst a discussion of human rights, said “of all the things [...]
Global Britain goes on £11bn Brexit spending spree in Ireland as UK imports jump by a fifth January 18, 2022 Goods imported from Ireland to Great Britain in the first 11 months of last year hit £11.2bn, an increase of more than 20 per cent, according to new figures released in Dublin. Ireland’s Central Statistics Office (CSO) said the main changes were increases in the exports of chemicals and related products and machinery and transport [...]
Industry experts welcome UK crackdown on crypto adverts January 18, 2022 Crypto companies and legal experts have welcomed news that the UK government will crackdown on advertisements for digital assets.