Crypto ‘Wild West’: 85 per cent of crypto firms fail to meet minimum regulatory standards January 26, 2023 Around 85 per cent of crypto firms failed to meet minimum regulatory requirements when applying for registration with the Financial Conduct Authority (FCA), according to the watchdog. In a letter to the Treasury Committee, Sarah Pritchard, FCA executive director of markets, said “around 85 per cent of those cryptoasset firms that applied for registration were [...]
Minecraft makeover: This is what Sadiq Khan looks like with a perfectly square head January 26, 2023 Have you ever wondered what London’s long-standing mayor Sadiq Khan would look like with a perfectly square head? Now you can find out for sure after he was brought to life as a character in the video game Minecraft. With his grey hair, the faintest hint of 5 o’clock shadow and those kind, slightly sleepy [...]
Q&A: Fintech boss Janine Hirt on how London can stay ahead of EU rivals January 26, 2023 Fintech is an increasingly vital part of the UK’s financial ecosystem – so it’s high time to chat with Janine Hirt, the CEO of industry body Innovate Finance, on the challenges that come with keeping the UK out in front of Europe While the UK has historically been a global leader in FinTech – receiving [...]
Hackers from Iran and Russia have ‘ruthlessly’ hit British journalists and politicians, GCHQ’s cyber centre warns January 26, 2023 Officials warn Iranian and Russian hackers have been “ruthlessly” trying to steal sensitive information from British journalists and politicians. The National Cyber Security Centre (NCSC), part of GCHQ, issued a fresh alert on increased hacking attempts directed at individuals and groups, though not at members of the public. “The Russia-based SEABORGIUM (Callisto Group/TA446/COLDRIVER/TAG-53) and Iran-based [...]
Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn January 26, 2023 Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk. “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night. [...]
Reddit user’s outrageous pan project sends internet into meltdown January 25, 2023 There is an unlikely new star of Reddit: a user called fatmummy222 who has become perhaps the most famous cast iron pan seasoner in history after larding, buffing and heating the same pan 80 times until it glistens like a portal into another dimension. The user posted the epic experiment to the subreddit r/castiron and [...]
Microsoft: Teams, Outlook, Microsoft 365 and XBox Live down for thousands of users worldwide January 25, 2023 Microsoft is investigating an outage of Teams, Outlook, Microsoft 365 and XBoxLive after thousands of users worldwide were unable to use the platforms. The service status monitoring website Downdetector reported that thousands of users had reported problems accessing Outlook, Microsoft 365 and XBox Live on Wednesday morning. The site detected 4,132 incidents of people complaining [...]
Crown Estates sues Twitter over unpaid rent of its Piccadilly Circus HQ January 24, 2023 Twitter is being sued by the Crown Estates over unpaid rent relating to its Piccadilly Circus-based headquarters building. The Crown Estates manages property for King Charles III and the monarchy, which includes the 10m sq Twitter headquarters in central London. The estate filed the claim against Twitter Inc, which is also facing legal action over [...]
Oaknorth and Atom Bank call on Grant Shapps to boost lending to small businesses January 24, 2023 The Federation of Small Businesses (FSB) and a group of top fintech firms, including Oaknorth and Atom Bank, have called on Grant Shapps to improve small businesses’ access to borrowing, warning that failure to do so could further damage the UK’s economic growth prospects. The business lobby and a number of fintech lenders have warned [...]
Feared activist investor Elliott snaps up multi-billion dollar stake in Salesforce January 23, 2023 Activist investor Elliott Management has snapped up a multi-billion dollar stake in Salesforce as the software firm is rattled by a slowdown in growth and slashes its headcount. In a statement shared with City PM today, Elliott managing partner Jesse Cohn said Salesforce was “one of the preeminent software companies in the world” and Elliott [...]
