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. [...]
Labour’s plans to crackdown on private equity are only the beginning of the political dog fight – CityAM : CityAM September 20, 2021 Political interest in private equity has ramped up over the last year. After a string of high-profile political interventions on recent PE deals, from defence to retail, the Labour Party has made it their mission to scrap the carried interest tax rules that PE fund managers benefit from. Returns would no longer be booked as [...]
Hacker steals £8.6m Bitcoin from pNetwork – CityAM : CityAM 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 [...]
Polygon and Nukkleus to support Bollant Industries with blockchain solution in India September 20, 2021 Nukkleus Inc is to collaborate with Polygon and Grassroots Economics to support India's Bollant Industries.
Prime Ministerial endorsement: Cognizant zooms in on UK with 2,500 new hires September 20, 2021 The Prime Minister has today announced that global consultancy Cognizant will expand its digital UK workforce by 35 per cent over three years. The announcement comes as Boris Johnson hailed the UK’s “tech revolution” in “creating jobs, driving growth and boosting investment across the country,” and at the start of London Tech Week. The move [...]
Jennifer Arcuri to give evidence to London Assembly tomorrow : CityAM September 20, 2021 Boris Johnson’s alleged former lover Jennifer Arcuri will tomorrow give evidence to the London Assembly over her dealings with the ex-mayor of London. Arcuri, an American tech entrepreneur, will face the assembly’s oversight committee over her presence on three foreign trade missions while Johnson was mayor. Also Read: Boris Johnson will not face criminal investigation [...]
Crypto markets take another hit amid darkening economic outlook September 20, 2021 It’s a sea of red across the cryptocurrency markets today, with Bitcoin falling below $45k for the first time since last Tuesday.
Labour plots crackdown on private equity tax loophole September 20, 2021 Labour will crack down on private equity bosses by closing tax loopholes on their bonuses if victorious at the next election. Shadow chancellor Rachel Reeves will today say that by ending the carried interest loophole, the government could raise another £440m in tax revenues. Carried interest payments are given as bonuses to private equity bosses [...]
CMA: UK businesses have until New Year to clean up greenwashing claims September 20, 2021 The UK’s competition watchdog has today given British businesses a deadline of the end of the year to resolve any misleading green marketing claims – so-called “greenwashing” – to avoid regulatory action. At the beginning of 2022, the UK’s Competition and Markets Authority (CMA) will carry out a full review of the environmental declarations made [...]
