Crypto flash crash: Bitcoin gets Musk’ed with panic-selling across the board and Coinbase at record low May 19, 2021 How the tables have turned on Elon Musk and his Tesla’s Bitcoin investment. Bitcoin has now fallen over 50 per cent from record highs and erased away all the price gains that happened after the 8 February Tesla announcement that they would put Bitcoin on its balance sheet and accept it as a form of payment. [...]
HSBC rules out move into crypto market over volatility concerns May 24, 2021 HSBC will not enter the cryptocurrency market, its chief executive has said, amid concerns over volatility and a lack of transparency. “Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of course they are, but we are not promoting it as an asset class [...]
UK companies to help plot ‘constellation’ of satellites around the Moon May 20, 2021 UK space companies have begun developing navigation and telecommunication capabilities to put a ‘constellation’ of satellites around the Moon, according to the European Space Agency (ESA) today. With funding from the UK Space Agency, Surrey Satellite Technology Limited (SSTL), Inmarsat and MDA Space and Robotics have bagged £2m contracts with the ESA for the satellite [...]
Car dealer Pendragon speeds into profit as cost cuts cushion pandemic blow March 24, 2021 British car dealer Pendragon has recovered from a pre-tax loss of £31m in the first half of 2020 to finish the year with an underlying profit of £8.2m. Pendragon said cost cuts helped it report a profit for 2020, compared to a £16.4m loss a year earlier. The firm attributed its recovery to online sales, [...]
Virgin Media boss Schuler to lead £31bn tie-up with Telefonica’s O2 April 7, 2021 Virgin Media chief executive Lutz Schuler will lead the firm that results from their mega-merger with Telefonica’s O2. Schuler was confirmed in the role late last night. Schuler joined Virgin Media in 2018 as Chief Operating Officer and had been CEO since June 2019. O2’s Patricia Cobian will become chief financial officer of the combined [...]
Royal Court’s Rare Earth Mettle tarnished by antisemitism controversy November 19, 2021 There may be no such thing as bad publicity, but casually offending the Jewish community in a play that counts cultural sensitivity among its themes must come pretty close. Ambitious satire Rare Earth Mettle centres on the megalomaniac billionaire previously known as Hershel Fink, a man with no apparent ties to the Jewish community apart [...]
Where is Gary Gensler in this FTX debacle, and how did SBF and Alameda end up controlling so much money? December 2, 2022 How was it possible that Sam Bankman-Fried and Caroline Ellison ended up controlling such vast sums, and where is Gary Gensler in all this?
UFC owner Endeavor hits $11.6bn valuation on stock market debut April 29, 2021 Talent agency group and UFC owner Endeavor has secured a valuation of $11.6bn (£8.3bn) after taking its second shot at floating on the stock market today. The company, which was founded by Hollywood mogul Ari Emanuel, opened at $27 on the New York Stock Exchange, 12.5 per cent its offer price of $24. Emanuel founded [...]
Have the Teletubbies fallen down the Bitcoin rabbit hole? March 31, 2021 The Teletubbies - a massively popular kids' TV show - set tongues wagging in the crypto world today as Tinky Winky, Dipsy, La-La and Po adopted laser eyes and dropped a curious hint about Bitcoin.
Musk back in for Bitcoin? July 22, 2021 Having dipped briefly below $30,000 on Monday as the wider markets crashed, the Bitcoin price has rebounded back towards $32,000 today.