Bitcoin whales keep accumulating as ECB president calls for global regulations January 18, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $35,500 at the start of the week to a high close to the $40,000 as BTC was seemingly trying to move back to its all-time high. Bitcoin’s price advance was rejected, and the cryptocurrency is now trading above $36,000. Ether (ETH), the second-largest cryptocurrency [...]
High Court paves way to answer the question: Who invented Bitcoin? April 22, 2021 The High Court today paved the way for a case that could force the judges to take a view on who invented bitcoin, the world’s most popular cryptocurrency. The court has allowed Craig Wright, an Australian computer scientist who alleges he created bitcoin, to serve a copyright infringement lawsuit against the operator and publisher of [...]
Google critics call for EU to fast-track competition crackdown November 12, 2020 A group of 165 companies and industry bodies has urged the EU to accelerate its crackdown on Google’s alleged anti-competitive practices, warning planned new laws will take too long to come into force. In a joint letter to EU competition chief Margrethe Vestager, seen by Reuters, the critics accused Google of unfairly favouring its own [...]
Flutter hits back at Rupert Murdoch in row over US betting firm Fan Duel April 7, 2021 Gambling giant Flutter has hit back at Rupert Murdoch’s Fox in a legal row over a US sports betting firm, accusing the media mogul of trying to take a stake in the company at a cut-price rate. Fox Corporation last night filed a lawsuit against Flutter, which owns brands such as Paddy Power and Betfair, [...]
Google parent Alphabet returns to growth as advertisers flock back October 29, 2020 Google parent company Alphabet reported a return to growth in the third quarter as advertisers flocked back in their droves after a coronavirus-induced slump. The tech giant, which also owns Amazon, reported revenue of $46.2bn (£35.7bn) in the three months to the end of September, up 14 per cent on the same period last year. [...]
Post Office draws up plan to share profits with postmasters April 12, 2021 The Post Office is said to be considering plans that would enable postmasters to receive a share of the group’s profits. In a speech to senior executives last week, boss Nick Read said he wants ministers to approve a restructuring of the network that would create a “partnership of equals” by 2025. The plans would [...]
Deutsche Bank, ICAP and two German lawyers sued over tax bill January 19, 2021 Deutsche Bank, TP ICAP and two German lawyers are being sued by M.M.Warburg & Co. in an attempt to recoup a large tax bill it was ordered to pay over controversial Cum-Ex trades. The lawsuit was filed at a court in Hamberg, Bloomberg reported, where private bank M.M.Warburg is based. Last week Warburg said it [...]
Tesla sues Amazon-backed rival Rivian over technology secrets July 23, 2020 Tesla has filed a lawsuit against electric truck-making startup Rivian, accusing it of stealing trade secrets and poaching its employees. “Rivian is knowingly encouraging the misappropriation of Tesla’s trade secret, confidential, and proprietary information by Tesla employees that Rivian hires,” the company said in a lawsuit. The filing pointed to four former Tesla employees for [...]
Fiat Chrysler accuses General Motors of making ‘preposterous allegations’ August 10, 2020 Fiat Chrysler has said a recent filing by rival General Motors was like a “third-rate spy movie”, asking a US federal judge to dismiss its request to reinstate a racketeering lawsuit. Fiat Chrysler, which is set to merge with French carmaker PSA next year, said the filing was “full of preposterous allegations”. General Motors had [...]
The Sun losses balloon as Covid hits Murdoch’s newspaper empire June 11, 2021 Losses at the Sun newspapers tripled last year as the outbreak of the pandemic took its toll on Rupert Murdoch’s media empire. News Group Newspapers (NGN), which publishes the Sun and the Sun on Sunday, posted a pre-tax loss of £201m in the year to 28 June 2020 — three times the £68m loss posted [...]