Coinbase shares tumble as Q3 financials disappoint November 10, 2021 Coinbase shares are down by 8.5 per cent today after third quarter revenue came in beneath industry estimates. The Nasdaq-listed crypto exchange reported revenue of $1.2bn in Q3, a sharp drop compared to the $2bn made in the previous three months and well below estimates of $1.6bn predicted by Factset. Sluggish market conditions over Summer [...]
UK Supreme Court blocks £3bn data privacy claim against Google November 10, 2021 The UK’s Supreme Court has voted down a £3bn lawsuit which would have seen 4.4m Brits compensated for data breaches by tech giant Google. The action led by former Which? director Richard Lloyd, supported by the campaign group Google You Owe Us, fought to bring a “representative action” against Google after it “illegally misused the [...]
Apple CEO Tim Cook admits to owning crypto November 10, 2021 Apple’s chief executive Tim Cook has admitted to owning crypto and said he has been interested in digital assets for a while. While speaking at a financial conference in New York Cook was asked whether he owns Bitcoin or Ethereum. He replied “I do. I think it’s reasonable to own it as part of a [...]
Supreme Court Google ruling sends shockwaves through legal community November 10, 2021 London’s legal community has been left reeling by the Supreme Court’s decision to vote down a £3bn lawsuit against Google. The action led by former Which? director Richard Lloyd, supported by the campaign group Google You Owe Us, fought to bring a “representative action” against Google for “illegally” collecting Safari browsing data through “clandestine tracking” [...]
Exclusive: Ripple launches liquidity service for top crypto assets November 9, 2021 Ripple has announced plans to launch a Liquidity Hub which will give its clients access to leading cryptocurrencies at competitive rates. The San Francisco-based company’s new Liquidity Hub will act as an aggregator to compare the cost of currencies across different sources, including exchanges, over the counter and market makers, to ensure investors get the [...]
Locals fight plan to turn the Truman Brewery into a shopping mall November 9, 2021 Local residents continue to oppose plans to build a shopping mall on the site of the historic Truman Brewery on Brick Lane after developers won approval from the local council. The Save Brick Lane Coalition is close to raising the £10k needed to pursue legal action against Tower Hamlets Council with the aim of blocking [...]
Bank of England to launch consultation on plans for a digital pound November 9, 2021 State issued digital currency promises to be the next big financial experiment as the UK’s Central Bank prepares to launch a consultation on the electronic pound. HM Treasury and The Bank of England have joined forces to explore issuing a digital currency backed by the UK’s central bank, known as a CBDC, and are planning [...]
LK Bennett to offer customers crypto cash back November 9, 2021 Kate Middleton could soon be among shoppers being offered crypto cash back with LK Bennett poised to launch a Bitcoin rewards scheme. The luxury fashion brand, which is a favourite of the Duchess of Cambridge, has announced a partnership with the open-banking payments platform Mode to provide customers with crypto rewards. LK Bennett’s customers will [...]
Rebecca Ferguson the latest celebrity to jump into the crypto craze November 9, 2021 Dune and Mission Impossible star Rebecca Ferguson has become the latest celebrity to dive into the crypto space by featuring in an ad campaign for Copper. The digital asset custodian, which provides crypto trading solutions to more than 400 institutional clients including banks, recently made headlines when former Chancellor of the Exchequer Philip Hammond joined the [...]
Bitcoin hits new all time high at $68k November 9, 2021 The world’s oldest cryptocurrency is barrelling towards the $70k price point for the first time with price up more than 3 per cent today. In the early hours of this morning Bitcoin set a new record price of $68,641 helping to keep the global crypto market’s value above $3tn for the second day running according [...]
