How stablecoins are bringing new trust to cryptocurrency November 13, 2018 Stablecoins are a response to the wild volatility of cryptocurrencies. As the name suggests, a ‘stable coin’ is a cryptocurrency that seeks price stability, often against the US Dollar (‘USD’) or other global currencies. Stablecoins enable businesses to accept cryptocurrency in everyday transactions without having to risk fluctuations in the value of payments from one [...]
Dare corporates not decentralise? November 13, 2018 How can a highly centralised organisation, in fact the apotheosis of centralisation, such as a top level mainstream global bank, decentralise? In a world where decentralisation is at the core of the next phase of the web and the internet this is a crucial question. The answer would seem to be it can’t. With Sir [...]
London’s iconic Burlington Arcade sold to billionaire Reuben brothers for £300m | City A.M. October 18, 2018 Billionaire brothers Simon and David Reuben have bought the iconic Burlington Arcade for £300m from New York property group Thor Equities and European private equity firm Meyer Bergman. The Mayfair arcade was bought by Thor Equities and Meyer Bergman for £104m back in 2010. Commenting on the sale, Joseph Sitt, CEO of Thor Equities, said: [...]
Our CANZUK friends should be welcome in post-Brexit Britain | City A.M. October 18, 2018 The flags around Parliament Square are up, the hotels, bars, restaurants, and meeting rooms of the City are fully booked, as the heads of 53 Commonwealth governments fly into town. But while we’re rolling out the red carpet for visiting dignitaries, there’s a chillier welcome to their citizens. Britain has never quite found its role [...]
Tesco boss Dave Lewis tells court of ‘shock’ at discovery of accounts misstatement October 11, 2018 Tesco chief executive Dave Lewis told Southwark Crown Court today of his “genuine shock” at being presented with an internal memo detailing a £250m misstatement in the supermarket giant’s accounts. Lewis, a witness at the fraud trial of Tesco’s ex-managing director Chris Bush and ex-UK food commercial director John Scouler, said he was presented with [...]
Scottish legal case to reverse Article 50 referred to European Court of Justice September 21, 2018 NULL