Inflation continues to cast a shadow over crypto markets August 9, 2022 The price of Bitcoin continues to hover at around $24k, dropping just 1.38 per cent over the past 24 hours to $23,810 this morning.
Musk urged to build Tesla factory in Teeside August 7, 2022 World's richest man Elon Musk has been urged to construct a Tesla plant in North East England by Tees Valley Mayor Ben Houchen.
Twitter takeover should go ahead if it coughs up proof of accounts, Musk says August 6, 2022 Elon Musk has revived hopes that his Twitter takeover may go ahead after writing the deal should proceed “on its original terms” if the social media site provides its method for confirming accounts are genuine.
Satellite duo in reported merge talks amid wave of sector consolidation August 4, 2022 A pair of US and Luxembourg-based satellite giants are reportedly in talks to merge, as the increasingly scrutinised sector undergoes a wave of consolidation. SES and stateside group Intelsat are in discussions, the Financial Times first reported yesterday. People familiar with the matter stressed that talks are still in their early stages. It follows UK [...]
Cryptocurrencies continue to struggle July 27, 2022 In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 [...]
Tesla’s Bitcoin holdings lead to £141.5m impairment charge and £53.3m profit July 26, 2022 Tesla had an impairment charge of $170m (£141.5m) on the carrying value of its Bitcoin holdings, while making a $64m (£53.3m) profit from selling the cryptocurrency in the first half of 2022, the company reported. In a filing with the Securities and Exchange Commission on Monday, the electric automaker said that it must recognise impairment [...]
OneWeb and Eutelsat ink £2.8bn deal to forge satellite powerhouse July 26, 2022 British satellite darling OneWeb and French competitor Eutelsat confirmed this morning that they will push ahead with the £2.8bn merger. Eutelsat is set to suspend its dividend for two years to pump investment into OneWeb’s low-Earth orbit satellite network, as part of the all-share deal. The deal is intended to forge a satellite powerhouse to [...]
OneWeb takeover by Chinese state-backed rival raises national security concerns July 25, 2022 The proposed takeover of British satellite darling OneWeb by French rival Eutelsat has caught scrutiny over national security. The joint company, estimated to be worth around $6bn (£4.9bn), would create a satellite and communications powerhouse to compete against Elon Musk’s SpaceX and Starlink – which currently dominates the satcoms industry. Eutelsat, which is partly owned [...]
Elon Musk denies affair with Google co-founder’s wife Nicole Shanahan July 25, 2022 Elon Musk pushes back against rumours that he had an affair with Google co-founder Sergey Brin’s wife. It comes after the Wall Street Journal reported that Musk’s alleged affair with Nicole Shanahan had caused a rift with Brin. Replying to the story on Twitter, the billionaire entrepreneur said the report was “total bs”. Musk added [...]
Crypto Spot Volumes Reach Record Lows for 2022 as Bitcoin Miners Offload Their BTC July 25, 2022 Data from CryptoCompare shows that the price of Bitcoin moved sideways throughout the last week, starting at $22,000 and quickly surging to $24,000, before enduring a correction that took BTC right back to where it started. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved slightly upward, starting the week at around $1,500 and moving [...]