UK High Court: Brit who claims to have invented Bitcoin pursues damages claim October 8, 2021 The High Court is poised to reach a final decision in a defamation case involving an Australian computer scientist who claims he created Bitcoin. Dr Wright is pursuing a defamation claim against podcaster Peter McCormack who repeatedly accused him of fraudulently claiming to be Bitcoin’s pseudonymous inventor, Satoshi Nakamoto. The High Court today handed down [...]
Bitcoin is ‘overpriced’ as it is worth no more than $28k, says ByteTree’s investment chief October 8, 2021 Bitcoin, the world’s most popular cryptocurrency, is double the price it should be at fair value, according to the Chief Investment Officer of ByteTree. Charlie Morris of ByteTree, a provider of digital asset data, made the statement earlier today at the Token2049 conference in London, where he met with representatives from Coinbase and Galaxy Digital [...]
Elon Musk to move Tesla HQ from Silicon Valley to Texas October 8, 2021 Elon Musk has announced that Tesla is moving its headquarters from California’s Silicon Valley to Austin, Texas after 18 years in the Golden State. The move comes after Musk butted heads with Californian politicians earlier this year when he branded lockdown restrictions “fascist” after his factories were forced to close. While Silicon Valley is considered [...]
Starting salaries see biggest jump on record amid staff shortages October 8, 2021 UK employers are being hit hard by labour shortages giving new starters the upper hand when it comes to negotiating pay. A September survey by the Recruitment and Employment Commission (REC) found that nine in ten employers, some 88 per cent, said their biggest concern for the rest of the year was labour shortages. Amid [...]
Crypto exchange Gemini calls on UK firms to get serious about regulation October 7, 2021 Those in the crypto space need to engage proactively with regulators to help bring them up to speed according to crypto exchange, Gemini. At the Token2049 conference in London leading voices from the digital asset industry debated the best way to engage with regulation. “We’re in this crypto landscape now, it’s 12 odd years old, [...]
Banks increasingly keen to enter crypto space say industry experts October 7, 2021 Digital asset firms which specialise in serving institutional clients say that banks are increasingly willing to enter the crypto space. At the Token2049 crypto conference held in London today leading figures in the digital financial services space came together to discuss the state of institutional adoption in the crypto market. Michael Moro CEO of Genesis [...]
CMA closes investigation into Ryanair and British Airways October 7, 2021 The UK’s competition watchdog has closed an investigation into the legality of airlines failing to refund passengers who were prevented from flying by Covid restrictions. The Competition and Markets Authority (CMA) launched an investigation in June 2021 after British Airways offered customers vouchers or rebooking and Ryanair provided the option to rebook flights which could [...]
Shell earnings to take a $400m hit from Hurricane Ida October 7, 2021 Shell has revealed the severe impact of hurricane Ida on the company’s production of oil and chemicals in a Q3 trading update. In a statement, Shell said adjusted earnings from oil products are expected to drop by between $50m and $100m as a result of the storm. Adjusted earnings from chemical production are likely to [...]
UK house prices jump 7.4 per cent in a year October 7, 2021 Buying a home costs an average of 7.4 per cent more than it did a year ago with monthly prices rising at the highest rate for over a decade. In September the average UK home cost £267,587, up from £249,122 a year ago and a jump of 1.7 per cent compared to the previous month, [...]
Revolut could be launching its own crypto token October 6, 2021 The ultra fast payments service Revolut could be launching its own crypto token according to sources familiar with the matter. The company offers banking services through its flagship mobile app and already allows customers to buy and sell crypto currencies. The UK’s biggest FinTech company, valued at $33bn, wants to take things a step further [...]
