Law Commission proposes crypto reforms and suggests recognising it as new form of property July 28, 2022 The Law Commission of England and Wales today published new proposals to reform the law around crypto and suggested recognising them as a new, distinct form of property known as “data objects.” The Commission highlighted the increasing importance of crypto and its numerous uses as it considered the principles of private law and private [...]
January Blues: Brits face painful spike in energy bills as Kremlin puts West under pressure July 27, 2022 UK households are set to be hit by energy prices as high as £500 a month in the new year, according to new analysis.
Cryptocurrencies continue to struggle July 27, 2022 In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 [...]
Crypto crash does not have major impact on broader financial systems, says IMF July 27, 2022 The sell-off in the crypto market does not have a major effect on global financial conditions, the International Monetary Fund wrote in a report this week. “Crypto assets have experienced a dramatic sell-off that has led to large losses,” the IMF’s World Economic Outlook Update for July 2022 stated. “But spill overs to the broader [...]
Labour sacks shadow transport minister who defied Starmer and joined picket line July 27, 2022 Labour has sacked shadow transport minister Sam Tarry from its front bench after he defied Sir Keir Starmer’s order not to join a picket line. The disciplinary action comes as 40,000 RMT Union members at 14 unions walked out today and tomorrow over pay and conditions. A Labour Party spokesperson said the decision “isn’t about [...]
European gas prices close in on record highs as Russia cuts flows into Nord Stream pipeline July 27, 2022 European gas prices are closing in on record highs, after Russia followed through on its threat to further cut gas supplies into the troubled continent.
Short selling on the rise as rosy retail investors go gloomy July 27, 2022 Sceptical retail investors are betting on a sustained slide on forex and commodity markets this year as short positions surged in the past quarter, new data has revealed.
EU regulator concerned about ability to hire specialised staff to enforce crypto rules July 27, 2022 The European Union’s banking regulator is concerned about finding specialised staff to oversee the EU’s proposed crypto regulations, the Financial Times reported. The European Banking Authority expressed worries over talent retention in the crypto industry as it gears up to regulate the EU’s MiCa rules for crypto, most of which will come into force from [...]
Spotlight on the week’s top performer: Trust Wallet Token July 27, 2022 As the “crypto winter” continues to grip the industry, there is some positive news for Trust Wallet Token, this week’s top performer. The token has gained 12.33 per cent over the past seven days and was up about 2 per cent today to trade at $0.95 (£0.79). The token from crypto wallet Trust registered a [...]
The best new London rooftop bars to visit this summer July 27, 2022 There’s nothing like a rooftop bar in summer – and while old favourites like Frank’s Cafe in Peckham, Radio in Covent Garden and The Boundary in Shoreditch are timeless places to drink, it’s always worth trying somewhere new. Here are a raft of fresh rooftops that have recently opened, all well worth raising a glass [...]