The tale of Big Tech’s reckoning was spelled out by Rockefeller’s downfall – CityAM : CityAM September 23, 2021 The Austrian economist Joseph Schumpeter described an effective free market as a “gale of creative destruction”. Old companies and outdated ideas would be cast aside by the market’s pursuit of the new, and the consumer would be the winner. It is little surprise then that incumbents tend to do all they can to arrest the [...]
Cinema chain boss says he wants to accept Dogecoin as payment method September 22, 2021 AMC Cinema chain CEO Adam Aron says he is now looking into the mechanics of accepting Dogecoin as a means of payment.
Trader sues UBS over stress induced mental health issues – CityAM : CityAM September 22, 2021 A UBS Group trader is suing his employer claiming the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate. Simon Rope, who has been unable to work since suffering a breakdown in 2018, is claiming upwards of £200,000 for negligence over an anxiety disorder which was caused by “the stress to [...]
FRC calls for businesses to better report longer-term viability for investors September 22, 2021 The Financial Reporting Council (FRC) has called for businesses to better report their longer-term viability and liquidity to investors – particularly during times of economic uncertainty. It forms part of the financial watchdog’s findings in a review of companies’ viability and concern disclosures amid the Covid-19 pandemic, which has pushed heightened levels of market [...]
Good day: Dapper Labs raises $250m and strikes deal with La Liga : CityAM September 22, 2021 The company behind NBA Topshot, Dapper Labs, has closed a $250m (£183m) funding round and announced a new deal with the Spanish football league. In addition to creating some of the NFT world’s most popular games Dapper Labs has built its own blockchain, known as Flow, to process high transaction volumes at speed. Today’s funding [...]
Crypto AM is delighted to announce GlobalBlock as a Silver Partner September 22, 2021 GlobalBlock will be a Silver Partner and participant in the upcoming Crypto AM Summit and Awards 2021 event that will take place on September 29 and 30.
Crypto AM is delighted to announce CEX.IO as a Silver Partner September 22, 2021 CEX.IO will be a Silver Partner and the participant in the upcoming Crypto AM Summit and Awards 2021 event that will take place on September 29 and 30.
Kwarteng hits out at energy companies ‘complaining’ about price cap September 22, 2021 Kwasi Kwarteng has launched an attack on energy companies calling for a lifting of the price cap so they can pass on soaring gas costs to consumers, saying that firms went into business with their “eyes open”. The business and energy secretary told MPs again today that he was committed to keeping the price control, [...]
Bitcoin briefly dips below $40k, but could positive Evergrande news spark recovery? September 22, 2021 The price of Bitcoin fell below $40,000 in the early hours of this morning for the first time in six weeks.
Exclusive: Chatrooms and Reddit groups increasingly drive traders’ decisions September 22, 2021 Chatrooms and social media groups are increasingly driving UK traders’ investment decisions, according to new data that was exclusively shared with City A.M. today. UK investors are catching the investment chatroom bug with nearly one in ten regular traders using chatrooms to research ideas, ETP provider GraniteShares has found. Subreddits such as WallStreetBets are increasingly [...]