The SEC to sue Coinbase over proposed lending product September 8, 2021 The US Securities and Exchange Commission has notified Coinbase, the country’s most popular crypto exchange, of its intention to sue. The SEC has served Coinbase with a Wells notice, an official document alerting a company to the start of court proceedings, over its plans to launch the Lend programme. Lend is marketed as a high interest [...]
Case dropped against ex-Alibaba manager accused of sexual assault September 7, 2021 Prosecutors have dropped their case against a former Alibaba Group holding manager accused of sexual assault by a colleague. The manager, surnamed Wang, was investigated after a female subordinate published a viral account of being sexually assaulted and raped during a business trip. The female victim was ignored when she raised the assault with her [...]
Happy Bitcoin Day! Thousands pledge support as crypto becomes legal tender in El Salvador September 7, 2021 All eyes on El Salvador and the crypto markets today as president Nayib Bukele declares the cryptocurrency legal tender.
Retail sales growth slowed in August amid recovery warnings September 7, 2021 Retail sales growth has started to slow as shoppers’ pent-up enthusiasm has softened this summer. Total sales increased by 3 per cent in August, below the three month average growth of 6.9 per cent. Clothing retailers reported strong performances as Brits looked to stock up their post-lockdown wardrobes with outfits for weddings and returning to [...]
Dominic Raab’s House of Commons aide raises concerns about vaccine passports September 6, 2021 Dominic Raab’s parliamentary assistant has today raised concerns over the government’s plan to introduce mandatory vaccine passports for large events. Tory MP Joy Morrissey, the parliamentary private secretary for the Foreign Office, has broken with the government’s stance and tweeted she was “very concerned at the idea of vaccine passports generally, but in particular the [...]
Bitcoin looks to hold ground above $50,000 as battle begins for $51k September 6, 2021 Movement is starting to ripple across the boards today after Bitcoin was beginning to fail to match the expectation of many who were predicting a surge in price last week.
Get your Crypto AM Awards entries in now – only two weeks left! September 3, 2021 Bitcoin will lay down its marker in history next week when the flagship cryptocurrency becomes legal tender in El Salvador.
Shortages and price hikes: Brexit bravado risks ripping up retailers’ Christmas stockings September 3, 2021 The festive season may be months away, but major retailers usually start stocking up for Christmas in September. This year, however, the government’s “Brexit hubris” means it is refusing to allow EU-based drivers to return and end Britain’s HGV driver shortage, according to David Jinks, head of consumer research at international delivery firm ParcelHero. He told [...]
Govt’s Covid scientists receive suspicious packages for making ‘bad decisions’ September 2, 2021 A number of suspicious packages were sent to scientists who advised the Government during the coronavirus pandemic by people who feel they are “making bad decisions”, one expert revealed today. Professor Calum Semple, who sits on the Scientific Advisory Group for Emergencies (Sage), said he had been on the receiving end of a “particularly nasty” [...]
Another Goldman banker or a much needed hawkish voice: Who is Huw Pill? September 2, 2021 Much has been made over whether the corridors of the Bank of England will resemble a Goldman Sachs office following the appointment of Huw Pill as the Old Lady’s new chief economist. It does follow a string of high-profile appointments at the Bank in recent years from the pool of Goldman alumni. Mark Carney, who [...]