Binance resumes customer withdrawals after record $6.3bn hack Crypto Binance has allowed its customer to start withdrawing funds from the platform, as it begins to resume servies after a record $6.3bn hack. The cryptocurrency exchange was hit by the theft on Thursday, forcing it to suspend withdrawals as it raced to fix the platform and investigate how hackers breached the system. Binance began a [...]
What does new City minister Rachel Blake have in store for the Square Mile? Politics The Westminster drama has hit the City in more ways than one. After Wes Streeting’s resignation triggered a mini-reshuffle, Felix Armstrong and Samuel Norman take a look at what the new City minister might have in store. In just under two years, the City has its fourth minister. Tulip Siddiq resigned in January 2025 after [...]
Farage fronts £2m bitcoin purchase despite price tumble Politics Reform UK’s Nigel Farage has fronted a £2m purchase of bitcoin by the Kwasi Kwarteng-led crypto company Stack BTC despite the cryptocurrency’s price tumbling over recent months. Farage was filmed in a promotional video for the crypto reserves firm buying around £2m of Bitcoin, with the business stating that the political leader was the first [...]
Cryptoasset regulation is a make or break moment for the City of London September 4, 2025 The UK must rapidly adjust to new digital assets technologies like crypto or risk losing our place as a global financial hub.
NCC Group pivots on cyber security amid rising demand June 19, 2025 FTSE 250 tech firm NCC Group said it was changing the strategic direction of its cyber security division after revenue took a hit in the first half of the financial year. NCC’s revenue from cyber security tumbled nearly eight per cent to £123.5m for the first half of the year, down from £133.9m for the [...]
Cyber attack: Coinbase warns of $400m hit after data breach May 15, 2025 Crypto exchange Coinbase has disclosed a significant cyber attack that could cost the company between $180m (£135m) and $400m (£300m), after hackers breached account data belonging to a “small subset” of its users. The news sent shares down three per cent in pre-market trading on Thursday. Coinbase said it received an email from an unknown [...]
Lord Cruddas’ CMC Markets takes control of blockchain firm May 7, 2025 CMC Markets, the firm founded by Conservative Peer Lord Peter Cruddas, announced on Wednesday it had acquired a majority stake in StrikeX Technologies. The London-based trading firm upped its holding in the blockchain firm to 51 per cent from 33 per cent previously. Shares in CMC Markets were up 0.3 per cent in midday trading [...]
Argo Blockchain shares tumble as it prepares to suspend trading amid widening losses April 30, 2025 Argo Blockchain has seen its stock tumble as it prepares to suspend trading of its shares over issues with its accounts as it posted widening losses. The crypto miner’s shares fell as much as 25 per cent as it conceded it had failed to finalise its accounts by the deadline required by London listing rules, [...]
Bitcoin plummets as chaos of Trump’s tariffs spread to crypto April 7, 2025 The chaos of Trump's tariffs has spread across Bitcoin and the cryptocurrency market, with digital assets taking a hit.
Bitpanda set to shake up UK crypto market after FCA approval February 12, 2025 European crypto platform Bitpanda is set to expand operations across the UK following approval from the City regulator. The Financial Conduct Authority (FCA) has permitted Bitpanda to bring its suite of 500 cryptocurrencies to the UK market. Bitpanda’s entry adds to the increasing pressures across traditional banks as they face competition from the modern abilities [...]