Crypto firm puts out 10 per cent bounty for stolen funds after £157m vanishes August 5, 2022 Crypto firm Nomad announce today a 10 per cent bounty for the $190m (£157m) stolen funds it lost in a hack this week. The company said it would give the bounty to hackers who return at least 90 per cent of the funds and will consider them to be “white hats”, meaning Nomad would not [...]
Crypto regulation would promote financial stability and tackle ‘inefficiencies’, says Moody’s August 5, 2022 Crypto regulation would be good for financial stability, consumers, and industry efficiency as regulators around the world decide on appropriate laws, Moody’s says. Clear regulations that seek to prevent fraudulent activity and provide guidance to companies would “protect consumers and ensure that the industry does not become a source of financial instability,” the financial services [...]
London Stock Exchange Group says costs for integrating Refinitv after £22bn takeover unchanged August 5, 2022 The London Stock Exchange Group has said costs for the integration of its $27bn (£22.2bn) takeover of data firm Refinitiv remain unchanged. In interim results, the company also announced it was launching a £750m share buy-back programme. “We are managing costs well and we continue to make progress on achievement of synergies,” the group’s chief [...]
Dealmakers circle British firms as UK tops inward investment August 4, 2022 International dealmakers have set their sights on British firms this year with the UK now the top target in Europe for inbound and domestic investment, research today reveals.
Coinbase shares soar after BlackRock reveals Bitcoin partnership August 4, 2022 The world’s biggest asset manager BlackRock announced a partnership with Coinbase today to ease the way that institutional investors can buy and track Bitcoin, sending shares in the crypto bourse soaring beyond 30 per cent.
Fraud on the rise as cost of living soars, FCA warns August 4, 2022 The UK’s top financial watchdog sounded the alarm over rising fraud rates today as scammers look to swoop on vulnerable consumers amidst a cost of living crunch.
MPs set to scrutinise government crypto hub plans in fresh inquiry August 4, 2022 MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today.
Phoenix Group set to buy Sun Life UK in £248m cash deal August 4, 2022 Pensions giant Phoenix Group is set to snap up life insurance firm Sun Life UK today in a cash deal worth £248m, the firm announced this morning.
European venture funding plunges as inflation hits private markets August 4, 2022 European venture capital funding slumped in the second quarter of the year as an investment boom tailed off amid soaring inflation and market shocks brought on by Russia’s invasion of Ukraine, new research has revealed.
Michael Saylor quits as MicroStrategy CEO after Bitcoin losses August 3, 2022 Crypto advocate Michael Saylor stepped down as CEO of MicroStrategy after the software company took a near $1bn (£0.8bn) loss in Bitcoin. Saylor, a prominent supporter and investor of Bitcoin, will now be Executive Chairman after MicroStrategy faced an impairment charge of over $917m (£757m) on its Bitcoin holding in the second quarter of 2022 [...]