Bitcoin price steady at $63k as Polkadot steals march November 2, 2021 The price of Bitcoin continues to hover around the $63k mark today, up almost $1,000 from 24 hours earlier.
The age of Brexit Blairism: Rishi Sunak bet his budget on New Labour’s success – CityAM : CityAM November 2, 2021 Last week, while many in Westminster were gripped to the BBC’s ode to New Labour, the Blair & Brown documentary, Boris Johnson seemed to take it literally. His boosterism has finally defeated Treasury orthodoxy. As such, this is a very different Conservative Government to the ones in the last decade. It is one that will [...]
Is Open Interest data pointing to an imminent Bitcoin sell-off? November 1, 2021 Open Interest in Bitcoin Futures is giving crypto analysts cause for concern as it closes in on its all-time high, leading to the possibility of a brutal correction.
Jefferies and Cantor reach settlement on banker poaching squabble in London court November 1, 2021 American finance bigwigs Jefferies and Cantor Fitzgerald have reportedly agreed to settle a London lawsuit after a years-long battle that centred around a mass migration of bankers between the firms in multiple locations. It brings an almost three year lawsuit to an end, after Jefferies first filed a lawsuit in London against the brokerage and [...]
Chinese-backed takeover review delayed amidst new UK security law – CityAM : CityAM November 1, 2021 A security review of the Chinese-backed takeover of Britain’s biggest microchip plant has been delayed until next year. Sources close to the £63m takeover of the Newport Wafer Fab by Wingtech-owned Nexperia said that a review ordered by Boris Johnson was unlikely to be reported before the new year. Nexperia, based in Amsterdam but owned [...]
Faith restored: Gothic-style converted church goes on sale for £2m in Brighton November 1, 2021 City workers hoping to escape the capital can look to Brighton for a ubiquitous converted church. The two bedroom property on Queensbury Mews, in the city’s desirable BN1 postcode, is on sale on RightMove, with a guide price of £2m. Its listing says it combines “the most wonderful mix of both contemporary interior design,” while [...]
End of investor lock-up causes further fall in Darktrace share price – CityAM : CityAM November 1, 2021 Shares in cybersecurity company Darktrace continue to fall sharply as share lock-up on insiders expires on Wednesday. The FTSE 100 company fell as much as 14.7 per cent this morning, and was down around 12.5 per cent by midday. A freeze on insiders offloading shares will end for the company’s biggest investors, meaning tech investors [...]
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.