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 [...]
This Is The Best Day To Be In The Office August 1, 2022 We never thought we’d get there in the middle of the WFH-depths of the pandemic, but here we are: many of us are now back in the office a couple of days a week. It’s an opportunity to connect with colleagues, spend exorbitant amounts of money on overpriced oat milk lattes from the hipster cafe [...]
Winging it: Chicken supplies set to remain tight while KFC warns of shortages August 1, 2022 Chicken supplies are set to remain tight across the country, a report has cautioned, amid reports of KFC preparing to run out of stock of certain chicken items. High street staple KFC warned staff in a memo last week that supplies of chicken on the bone were among items running low, The Sun reported. KFC [...]
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 [...]
Tesla shareholders to vote on second stock split in two years August 1, 2022 Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years. “We believe the stock split would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity, all of which, in our view, [...]
Law Commission Breaks New Ground on Crypto August 1, 2022 The consultation on digital assets by the Law Commission is a seminal work and examines fundamental questions. The consultation, together with the Law Commission’s response, will likely serve as a legal textbook for the foreseeable future. In the last few years, we have only had semi-official guidance and a handful of superficial court decisions to [...]
HMRC suspects big firms are underpaying £1.4bn due to workers’ false ‘self-employed’ classification August 1, 2022 The taxman suspects big firms are underpaying tax to the tune of £1.4bn, by classifying workers as ‘self-employed’ when they’re actually full staff. Leading law firm Pinsent Masons claims HMRC (HM Revenue & Customs) suspects companies are classifying staff as self-employed to avoid making Employers’ National Insurance contributions. HMRC has been clamping down on the [...]
Google chief tells staff to be more productive August 1, 2022 Google chief Sundar Pichai has called out staff for being unproductive as the world of Big Tech continues to feel the sting.
UK launches register of overseas property owners in clampdown on ‘corrupt elites’ August 1, 2022 Individuals that own UK properties via chains of “secretive” shell companies will from today be forced to reveal their true identities, after the UK government launched a new register of UK property owners today. The first-of-its-kind register will require those seeking to buy or own UK property via offshore entities to list the identities of [...]
