Bitcoin’s started 2017 with a bang surging past $1,000 January 2, 2017 Bitcoin has got off to a roaring start in 2017 surging past the $1,000 "psychological barrier" for the first time in three years. Already on a tear in 2016, hitting a string of highs and more than doubling in value last year, the price passed the milestone late on Sunday according to Coindesk's bitcoin price index (BPI). [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Blockchain group Plug has just raised $65m to develop its framework March 20, 2018 An international blockchain group has secured $65m (£46m) in investment to continue developing its framework of distributed ledger technology. The company, PL^G, or Plug, is a collaboration between London-based blockchain specialists Qadre, New Zealand-based venture studio, Centrality, and Switzerland-based blockchain media house, SingularDTV. It seeks to build scalable and secure blockchain applications that operate in [...]
Harnessing the power of blockchain and AI to help lift millions of people out of poverty July 24, 2018 Blockchain conjures images of bitcoin millionaires and ICOs creating multi-million dollar businesses in hours. But how does that help the millions of people in the UK who live in poverty, or the 1.5m who don’t have access to mainstream banking? You’ve probably heard about the cost of living crisis a lot recently. So you should. [...]
FTSE roundup: Easyjet soars while housebuilders (Berkeley) temper blue chip index gains March 16, 2018 The FTSE 100 index has ended the day up 0.34 per cent, as Easyjet continued to climb after directors scooped up shares earlier this week. However the FTSE 100’s close, at 7,164 points, was substantially lower than last Friday’s close of 7224 points. BP helped to nudge the blue chip index up during the day, [...]
Ethereum just had a hard fork and ether prices are rising – here’s what happened and why October 16, 2017 Early this morning, the second-largest cryptocurrency by market capitalisation completed a so-called hard fork. Even if investors were paying attention to bitcoin back in August when it was rocked by its very own hard fork, questions are likely emerging about what all of this means for ethereum and its ether token. Will a new token [...]
Citi picks London for latest fintech innovation hub February 11, 2018 Citigroup has selected London’s tech hub as the next site in its innovation lab network, creating new jobs on the fringes of the City. Headquartered in one of WeWork’s shared workspaces in Moorgate, the London innovation lab will employ 75 technologists from different backgrounds. It is the latest in a string of technology hubs set [...]
Lloyds Banking Group cuts 930 jobs ahead of fresh three-year strategy February 5, 2018 Britain’s biggest bank has axed 930 jobs across multiple divisions ahead of a new three-year strategy to be unveiled later this month. A Lloyds Bank spokesperson said the majority of cuts were within the lender’s commercial banking unit, the chief information office, risk, community banking and insurance and wealth. A net total of 465 roles [...]
Coinbase granted licence from FCA as it ramps up UK presence March 14, 2018 One of the world's top cryptocurrency exchanges has received a licence from the UK's Financial Conduct Authority (FCA) as it seeks to ramp up its British arm. Coinbase, which is the largest cryptocurrency exchange in the US, said the new e-money licence from the FCA was an endorsement that its business meets certain anti-money laundering [...]