Hacker in possession of $80m+ after crypto exchange attack August 19, 2021 Liquid, a crypto exchange based in Japan, confirmed that it has been the victim of an attack with a hacker now in possession of $80m+. The hack targeted funds stored in the exchange’s “warm wallets,” a term used to describe wallets which are made vulnerable to hacks because they are connected to the internet. In [...]
Robinhood transaction volumes hit $451m amid surging interest in crypto August 19, 2021 Robinhood, the trading platform made infamous by the GameStop incident in January 2021, has doubled revenues in the second quarter of 2021. Total net revenue for the three month period stood at $565m (£415m), a year on year increase of 131 per cent. Transaction volumes jumped by 141 per cent to $451 million, with the [...]
Antofagasta doubles EBITDA but sees shares dragged by falling oil prices August 19, 2021 Antofagasta, a Chile-based mining group, has published strong interim results with EBITDA hitting a record $2.4bn, up 132.7 per cent year on year. Revenue for the first half of 2021 was $3.6bn a 68 per cent jump compared to the same period in 2020 while profit before tax surged to $1.8bn, a £1.4bn increase. Shares [...]
Who’s Who: Top ten earning FTSE 100 CEOs take home £89.5m August 19, 2021 A new report has revealed that the top ten earning FTSE 100 CEOs took home £89.5m between them in 2020. Pascal Soriot, the chief executive of AstraZeneca, topped the list taking home a healthy paycheck of £15.45m. The report, published by the High Pay Centre, noted that Soriot’s earnings were well above the average pay [...]
The prodigal son returns: The hunger for Bitcoin signals an appetite for hard money August 19, 2021 This week marks 50 years since President Richard Nixon announced the US would abandon the Gold Standard. Instead of redeeming the dollar in gold, the government allowed its value to float freely on the market. So began a sharp devaluation of the world’s reserve currency of choice under the US-led Bretton Woods system. Priced in [...]
Crypto adoption jumps 881 per cent in a year August 18, 2021 Crypto ownership has surged during the pandemic with adoption rising by 881 per cent in the year ending on June 30 2021. New data shows that global crypto adoption has risen from an index score of 2.5 to 24 over the year. According to Chainalysis, the publishers of the Global Crypto Adoption Index, crypto ownership [...]
Top investors criticise BHP as it slashes dual nationality August 18, 2021 The FTSE 100 is set to lose its biggest company as miner BHP ditches its Anglo-Australian dual structure in favour of listing on Sydney’s stock market. Today, L&G which owns a 1.9 per cent stake in the company, said that the news BHP will give up its listing is “disappointing.” “Today’s announcement is very significant [...]
Binance hires former US treasury criminal investigator in compliance role August 18, 2021 Binance, the world’s largest cryptocurrency exchange by trade volume, has hired a former US treasury criminal investigator in a bid to placate regulators. The company today announced that Greg Monahan, who has more than 30 years of experience working in tax, money laundering and financial crime, has been appointed as Global Money Laundering Reporting Officer [...]
Millions of T-Mobile customers have data leaked in hack August 18, 2021 T-Mobile has confirmed that millions of customers have had their data stolen during a hack. Data from 7.8m postpaid, 850,000 prepaid and records from 40m former and prospective customers were breached. Two days ago reports emerged that a hacker was selling 30 million ‘fullz,’ a term which describes complete identity data, on the dark web [...]
AstraZeneca scientists begin trials for plague vaccine August 18, 2021 The scientists behind the AstraZeneca Covid vaccine have given the first trial volunteers a jab for the plague. The phase-one trial involves 40 healthy adults between the ages of 18 and 55 who will help to assess side effects of the jab and determine how well it produces a protective antibody response. The plague vaccine will [...]