Hackers launch assault against Chinese central bank December 19, 2013 The People's Bank of China was hacked on Wednesday in possible retaliation for the country's crack down on the crypto currency Bitcoin. The attack made the Chinese central bank's website temporarily inaccessible. The website was disabled through a Distribute Denial of Service attack. The online Bitcoin exchange BTC China was also hacked. The attack follows [...]
What the other papers say this morning – 10 February 2014 February 10, 2014 FINANCIAL TIMES Quantum nets Soros $5.5bn George Soros’s Quantum Endowment fund had its second-best year in dollar terms in 2013, adding $5.5bn to the billionaire’s fortune and putting the $28.6bn fund back at the top of the table for the most successful hedge funds of all time. The $5.5bn return was the best for Quantum [...]
Bitcoin exchanges ask UK regulator for approval July 7, 2013 LEADING Bitcoin exchanges are campaigning for the City regulator to bring the fast-growing virtual currency within its remit, City A.M. has learnt. The companies want the Financial Conduct Authority (FCA) to give them the same approved status as other firms in the financial services sector – a move which the exchanges believe will help them build trust [...]
What the other papers say this morning – 14 March 2014 March 13, 2014 FINANCIAL TIMES Zuckerberg attacks US surveillance Mark Zuckerberg, Facebook founder and chief executive, has strongly criticised the US government for dragging its heels on plans to reform its mass surveillance programme. In a post on the social network, Zuckerberg said he had called President Barack Obama to express his “frustration” over the damage the government [...]
What the other papers say this morning – 13 February 2014 February 12, 2014 FINANCIAL TIMES Nigeria bank chief alleges oil racket Nigeria’s central bank governor has exposed a multi-billion-dollar subsidy racket inside the state-owned oil company that may explain huge shortfalls in what Africa’s leading oil producer is earning from its crude. Allegations by Lamido Sanusi about the mismanagement of Nigeria’s oil industry are ensuring a stormy end [...]
Steve Baker MP: Markets are hooked on kremlinology June 30, 2014 Bank of England staffers once used to a series of questions from MPs on parochial constituency matters have had to up their game. Steve Baker, the Conservative member for Wycombe, has just joined the Treasury Select Committee, and has brought with him a refreshing style of interrogation. I spoke to Baker just after his first [...]
What the other papers say this morning – 03 March 2014 March 3, 2014 FINANCIAL TIMES Britain to scrap VAT on Bitcoin trades Britain’s tax authority plans to ditch value added tax on Bitcoin trading only days after the collapse of Mt Gox, one of the virtual currency’s leading exchanges, losing almost $500m of customer deposits. In a meeting with a group of UK traders last week, HM Revenue [...]
Entrepreneur accidentally donates $13,000 to fund doge-themed race car March 25, 2014 The founder of payments platform Moolah.io has suffered from something of a fat finger. Instead of donating 2m Dogecoin to the fundraiser “Doge4Nascar”, while hungover Alex Green managed to accidentally enter an extra zero, and ended up giving 20m Dogecoin ($13,200) to the cause. Writing on Reddit, he blamed his “silly keyboard”, but says that [...]
Entrepreneur accidentally donates $13,000 to fund doge-themed race car March 25, 2014 The founder of payments platform Moolah.io has suffered from something of a fat finger. Instead of donating 2m Dogecoin to the fundraiser "Doge4Nascar", while hungover Alex Green managed to accidentally enter an extra zero, and ended up giving 20m Dogecoin ($13,200) to the cause. Writing on Reddit, he blamed his "silly keyboard", but says that [...]
Letters to the Editor – 10/03 – Political failures, Best of Twitter March 10, 2014 Political failures [Re: Cameron is alienating his core voters without attracting new ones, Friday] The day David Cameron ceases to be leader of the Conservatives, many lifelong Tories and ex-Tories will cheer. That day cannot come soon enough. At least all the other parties get to have a leader who actually believes in their own [...]