Terrible Tuesday for Bitcoin as crypto tumbles 20 per cent in just two days with investors fleeing risk June 14, 2022 The price of bitcoin fell by another 10 per cent overnight, hitting an 18-month low of $20,834.70, before recovering to trade around $22,700 by 9am UK time this morning. In sterling terms, bitcoin is now trading around £18,665. Discussing the violent movements with City PM this morning, Adrian Lowery, financial analyst at DIY investing platform [...]
CoachHub rides pandemic momentum, snagging £164m in SoftBank-led funding round June 14, 2022 Online coaching startup CoachHub has snagged $200m (£164m) in its latest funding round, led by investment heavyweight’s SoftBank and Sofina. The Silicon Valley-approved startup, initially founded in Berlin in 2018, has several headquarters across Europe, including London. Its success comes off the back of Euan Blair’s Multiverse, which hit a valuation of $1.7bn (£1.4bn) last week. [...]
US regulators find over 75 environmental hang-ups with SpaceX’s mega-rocket Starship June 14, 2022 US regulators are still mulling the decision to hand Elon Musk’s SpaceX a launch licences for its mega-rocket Starship, after an environmental assessment found over 75 hang-ups. The eagerly awaited report from the Federal Aviation Administration (FAA) will require SpaceX to take more than 75 actions to mitigate the environmental impacts from its proposed plan [...]
Exclusive: Moneyfarm’s rising star CEO on disrupting finance and the M&G deal that got the City talking June 14, 2022 Moneyfarm is a pan-European digital wealth manager with around 80,000 active investors and more than £2.2bn invested on its platform. Until recently it has been better known in Italy than the UK, but this is likely to change very soon, a confident Giovanni Daprà – co-founder and CEO of Moneyfarm – tells City PM today. [...]
Tech giants concede to EU anti-disinformation code as bloc continues crack down June 13, 2022 Tech firms are gearing up to sign the European Union's fresh anti-disinformation code, having made concessions on the types of data they are willing to share with countries.
Wikipedia pushes back against Moscow content bans about Ukraine invasion June 13, 2022 The Wikipedia owner has filed an appeal against a Moscow court decision, which demanded that it remove information relating to the Russian invasion of Ukraine. It comes after The Wikimedia Foundation was fined 5 million roubles (£71,000) for refusing to remove “disinformation” from Russian-language Wikipedia articles and delete banned information. “This decision implies that well-sourced, verified knowledge on [...]
Apple set to rake in over £6bn in music and gaming revenue by 2025 June 13, 2022 Apple's revenue from gaming and music offerings is expected to jump 36 per cent to $8.2bn (£6.7bn) by 2025, according to estimates from JP Morgan.
Ministers unveil new digital strategy to boost UK tech sector June 13, 2022 Ministers have today unveiled plans to boost the UK’s tech sector and spur investment into the digital economy in a bid to cement the country “as a global tech superpower”.
Google engineer put on paid leave after outing AI chatbot as ‘sentient’ June 13, 2022 Google has placed a senior engineer on “paid administrative leave” after he made comments about the company's chatbot being “sentient”.
Google settles lawsuit for $118m over claims it ‘systematically’ underpaid female employees June 13, 2022 Google has agreed to pay $118m (£96m) to settle a class-action lawsuit brought forward by four of its former employees over claims the tech giant “systemically” underpaid 15,500 of its female employees. The Silicon Valley firm will also bring in an independent labour economist to analyse its pay practices to ensure female workers are not [...]
