NFT cyber attacks on Discord have led to $22m losses since May August 1, 2022 Hackers have increasingly targeted NFT projects on social media platform Discord since May, causing $22m in losses. Research by blockchain intelligence company TRM Labs found more than 100 reports of Discord channel hacks, with phishing attacks linked to NFT mining scams via compromised channels increasing. Almost a dozen attacks to compromise accounts occurred in the [...]
Low-income crypto investors sold off holdings during crash August 1, 2022 Low-income crypto investors sold off their holdings as the crypto crash swept across the industry, while wealthier investors held on to their portfolios. 46 per cent of crypto investors sold their holdings, with lower income individuals the most likely to do so, a survey by US-based intelligence company Civic Science found in a survey of [...]
UK financial watchdog cracks down on marketing of ‘high-risk’ financial products August 1, 2022 The UK’s financial watchdog has vowed to crack down on those using “unclear” and “misleading” information to sell risky investments after bringing in tough new rules around the marketing of high-risk financial products. The Financial Conduct Authority’s (FCA’s) “stronger” rules require firms to use clearer and more prominent risk warnings, and ban companies from [...]
What is the “just transition” and why does it matter for investors? July 29, 2022 | City Talk You’ve probably heard of the concept of a just transition in relation to climate change, but what does it actually mean? The transition to a low-carbon world is gaining momentum with a dramatic increase in the number of countries and companies that have made commitments to transition their activities to net zero. Around 90% of [...]
UK services hamstrung by ‘bizarre’ neglect in trade policy, lobby group says July 28, 2022 The UK’s services sectors are being hamstrung by political neglect and a lack of attention in trade policy, a top City group warned today.
Startups restraining breakneck growth plans in hunt for funding, says VC chief July 28, 2022 UK startups are paring back growth-at-all-costs business plans and mapping out firmer routes to profitability as recessionary fears cause investors to pull back from higher risk bets, a top venture capital chief said today.
CMC Markets shares plunge after cost warning July 28, 2022 Shares in CMC Markets plunged over 20 per cent this morning after the online trading platform issued a warning that soaring costs would eat into profits in the six months ahead.
Schroders assets jump as inflows top £8.4bn July 28, 2022 Asset manager Schroders notched a jump in the value of its managed assets in the first half of the year as strong inflows helped buck sharp falls in equity and bond markets.
Short selling on the rise as rosy retail investors go gloomy July 27, 2022 Sceptical retail investors are betting on a sustained slide on forex and commodity markets this year as short positions surged in the past quarter, new data has revealed.
US investors get the jitters as global market confidence plummets July 27, 2022 Investor confidence has plunged this month as rampant inflation and global political uncertainty continues to batter public markets, according to a survey of investor sentiment today.