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 [...]
Government’s ‘human error over many years’ to blame for UK pensioners underpaid by £1bn September 22, 2021 An investigation by the UK’s spending watchdog has found that “repeated human errors over many years” were to blame for the fact the Department for Work & Pensions (DWP) underpaid 134,000 pensioners over £1 billion in state pension. According to the National Audit Office (NAO), these errors occurred due to complex state pension rules, outdated [...]
Rising UK fraud levels branded a ‘national threat’ by banks September 22, 2021 Financial fraud rose by 30 per cent in the first half of 2021 resulting in losses of over £750m, according to the latest fraud report by banking trade body UK Finance, published this morning. Authorised push payment fraud, where consumers were unwittingly scammed into approving a payment into a criminally-controlled account, increased 71 per cent [...]
Cardano chief donates $20m to establish Carnegie University mathematics centre September 22, 2021 Cardano founder Charles Hoskinson has handed $20m to Carnegie University to establish a new mathematics centre.