Hacker steals £8.6m Bitcoin from pNetwork September 20, 2021 A hacker has stolen 277 Bitcoin, worth over £8.6m, from the cross chain protocol pNetwork by exploiting a bug in its code. pNetwork allows value to be transferred between blockchains by exchanging user coins, which are stored as collateral, for a wrapped token which can be used on a new chain. The attack targeted the [...]
Minister calls devastating La Palma eruption a “wonderful show” September 20, 2021 The Spanish Tourism Minister insisted that the island of La Palma was safe to visit after a terrifying volcanic eruption forced thousands to evacuate their homes. “The island is open,” Reyes Maroto told the radio station Canal Sur, calling the eruption “a wonderful show.” “There are no restrictions on going to the island,” she continued. [...]
Prospective dealmakers put off by tightening UK regulation September 20, 2021 A survey of dealmakers revealed widespread concern about upcoming changes to the UK’s regulatory environment which threaten to halt a flurry of activity seen during the pandemic. Cheap valuations of London listed companies post-Brexit have turned the UK into a prime location for dealmaking with approximately £166bn of merger and acquisition deals completed so far [...]
NATO appoints its first chief information officer in cyber security push September 17, 2021 NATO has announced Manfred Boudreaux-Dehmer will become its first Chief Information Officer, heading up IT procurement and cyber security, according to business technology publication The Stack. Boudreaux-Dehmer joins the organisation from Sierra Wireless, a global tech company where he served as Vice President of Systems and Technology. He will help the international defence alliance to [...]
St Andrews beats Oxbridge to be crowned top UK University September 17, 2021 The University of St Andrews has claimed the top spot in The Times’ 2022 rankings list, beating both Oxford and Cambridge in the process. Historically Oxford or Cambridge has always come in first place. This year Cambridge slipped to third place after taking the top spot last year while Oxford maintained its position as second [...]
Insulate Britain protestors return to M25 for third time this week September 17, 2021 Climate activists from Insulate Britain have been removed by police after blocking the M25 for the third time this week. This morning 79 campaigners, arrested for participating in demonstrations earlier in the week, arrived at sites along the M25 and once again glued themselves to the road. Activists arrived at Junction 28 in Essex, where [...]
FCA bans financial adviser convicted for grooming September 17, 2021 The UK financial watchdog has banned Jon Frensham from performing any regulated activity after he was found guilty of grooming teenage girls. In March 2017, Mr Frensham, the sole director and an independent financial adviser at Frensham Wealth Limited, was imprisoned after attempting to meet a child following sexual grooming. At the time he was [...]
El Salvador Court to investigate Bitcoin roll out September 17, 2021 El Salvador’s Court of Accounts will investigate government Bitcoin purchases and crypto ATMs after receiving a complaint from a human rights watchdog. Earlier this month El Salvador became the first country in the world to make Bitcoin legal tender, requiring businesses to accept crypto payments alongside the dollar. The policy, spearheaded by El Salvador’s popular, [...]
Cyber criminals are flocking to Telegram September 17, 2021 Telegram has become a locale of choice for cyber criminals looking to buy or sell stolen user data and share hacking tools. Cyber criminals have been lured to the encrypted messaging app from the dark web by Telegram’s lack of moderation and secure servers. On the platform stolen personal data is shared by hackers with [...]
Retail sales fall as reopening bounceback runs out of steam September 17, 2021 Retail sales volumes dropped 0.9 per cent last month as Brits rushed to dine out at restaurants when lockdown restrictions eased and stores faced supply disruption. A dip in food store sales of 1.2 per cent and a 1.5 per cent jump in automotive fuel sales suggests that people leaned into post-lockdown freedoms by travelling [...]
