Bitcoin in celebratory mood as a big week ahead looms for financial markets November 1, 2021 Bitcoin itself is up two per cent over the last 24 hours to just above the £62k mark, while Ethereum is also up 1.5 per cent to just above $4,300.
Jes Staley out at Barclays: CEO leaves bank after report comes out of Epstein links – CityAM : CityAM November 1, 2021 Barclays boss Jes Staley will leave the bank with immediate effect. The bank’s board saying it is “disappointed” with the outcome of the City watchdog’s report into his links to the late convicted sex offender Jeffrey Epstein. The bank said it was made aware on Friday night of the preliminary conclusions from the FCA’s investigation, [...]
Matt Damon becomes latest celebrity to endorse cryptocurrency October 31, 2021 Cryptocurrency has another celebrity backer – in the shape of Hollywood superstar Matt Damon, who is fronting a new advert for Crypto.com.
PE group in talks to sell Racing Post owner for up to £500m October 31, 2021 Spotlight Sports Group, the media entity that owns British horseracing the Racing Post, is reportedly heading towards a £500m sale at auction, as its private equity owner looks to cash in on the growing capital tied to sports betting data. Exponent Private Equity, which scooped up the horseracing publication in 2016, has begun talks with [...]
JCB agrees biggest green hydrogen deal with Australian firm October 31, 2021 An Australian company will become Britain's biggest supplier of "green" hydrogen in a deal struck with JCB, the construction equipment maker.
Ministers fear Bulb Energy collapse as energy crisis worsens – CityAM : CityAM October 29, 2021 Government ministers are increasingly fearful that Bulb Energy (Bulb) is on the brink of collapse and could cease trading as early as next week, according to Sky News. They are now accelerating contingency plans in case Bulb fails to find a rescue deal. The struggling energy firm has been working with US investment bank Lazard [...]
Big tech shirks probe into income from scam ads – CityAM : CityAM October 29, 2021 Tech mega caps avoided a probe into how much money they earn from paid-for advertisements on their platforms for unregulated financial products. Responding to questions from the Treasury Committee, Facebook said: “Quantifying advertising revenue from companies not authorised by the FCA to promote a regulated financial product poses challenges.” Also Read: Eurozone growth smashes expectations [...]
‘System out of the dark ages’: HMRC overcharges people taking money from pensions by more than £44m October 29, 2021 Between July and September of this year HMRC refunded £44,659,174 to people who were over-taxed when accessing their pension, according to new figures released today. People accessing lump sums from their pensions will initially be taxed as if they will take the same sum every month for the rest of the tax year., so those taking a [...]
Crypto and Likvidi Warm Up For COP26 October 29, 2021 How much has traditional finance depleted the world of its resources and how responsible is it for global warming, the real phrase for what was rebranded as ‘climate change’ by vested parties? Those in crypto are particularly fidgety when it comes to this subject. Aside from the boring tropes of money-laundering, drug-dealers and gun-runners profiting [...]
Crypto AM Daily in association with Luno October 29, 2021 This week in Bitcoin – A Crypto AM report from Russia With Jason Deane This week I was lucky enough to visit several Bitcoin mining facilities, including my own, in and around the area of the Russian town of Irkutsk, a few hundred miles north of the border with Mongolia. Although I’ve been mining consistently [...]