Reddit website goes down as Gamestop shares jump February 24, 2021 Reddit, the self-titled “front page of the internet”, crashed last night as shares in amateur trader favourite Gamestop climbed once again. The site, which is accessed by millions of people daily, went down at around 9pm on Wednesday. Shortly afterwards Reddit tweeted that it had identified the issue and its systems had recovered. It came [...]
Before the Bell: Europe set for positive start as China data points to choppy recovery March 15, 2021 While US markets by and large have managed to retain their resilience, with new record highs for the Dow, S&P500 and Russell 2000 last week, the gains have been notably in sectors left behind by the huge tech rally that has help support most of the move higher in US equities over the last few [...]
Cash is still king for the majority of UK investors February 9, 2021 Cautious Brits have continued to pile money into cash savings even as interest rates remain at record lows. Some 70 per cent of Brits have put their money into cash savings with a further 38 per cent putting more in over the next year, according to research commissioned by broker HYCM. It comes even after [...]
Giving a helping hand to the unbanked with Kamari June 1, 2021 Crypto AM takes a look at African cryptocurrency Kamari and the KamPay wallet.
Crypto AM: Shines its spotlight on Mode June 2, 2020 Start A New Decade of Digital Banking with Mode We’re constantly reminded that we live in the age of digital banking. Most high street banks have been actively reducing their number of physical branches year-on-year since 2015, and according to comparison site Finder.com, an enormous two-thirds of UK banking customers say they are planning to [...]
The unforeseen reputational risks of NFTs and how to avoid them July 30, 2021 A look at the risks everyone should be aware of when entering the fledgling NFT market.
Bitcoin surges past $11,000 for first time since 2018 June 23, 2019 Bitcoin jumped past the $11,000 (£8,640) barrier over the weekend for the first time since January 2018. The cryptocurrency passed $10,000 on Saturday for the time since March 2018 before surging to a high of $11,121, according to data from Coindesk. Late last night it was trading just above $11,000. Last night’s price puts the [...]
Crypto app Abra launches interest accounts after illegal swaps penalty July 28, 2020 Cryptocurrency investing app Abra has today launched interest-earning accounts, as it recovers after settling with US regulators over allegations it illegally offered swaps to users. Abra will now offer investors up to nine per cent annual interest on their holdings of crypto and so-called US dollar stablecoins — digital currencies tethered to the value of [...]
Twitter to suspend 150,000 accounts in QAnon conspiracy theory crackdown July 22, 2020 Twitter is taking action against more than 150,000 accounts in a widespread crackdown on the QAnon conspiracy theory movement. The social media network said it would also block QAnon URLs from being shared and cease recommending content linked to the growing movement. QAnon has grown from a fringe conspiracy theory on the edges of the [...]
Twitter employee ‘helped attackers’ perpetrate blue tick account hack July 16, 2020 A Twitter employee was to blame for last night’s high profile hack of the social media, two sources have told Vice. In one of the most devastating data breaches in history, hackers managed to infiltrate Twitter’s most notable blue tick accounts and send scam tweets supporting bitcoin before the social network clamped down on the [...]