The Blockspace Singularity

June 5, 2024 Leave a Comment

One of crypto’s biggest flaws – a lack of mainstream use – could be going away.

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Accused ‘Ghost’ app mastermind’s crypto millions seized by federal police October 2, 2024
Almost $10m of cryptocurrency was seized from Jay Je Yoon Jung, who faces charges including dealing with suspected proceeds of crimeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastCryptocurrency worth almost $10m has been restrained after police cracked an alleged criminal communication network.Almost $10m in […]
British gambling regulator prosecutes Sorare football game September 26, 2024
Gambling Commission accuses $4.3bn business promoted by Premier League of providing unlicensed gamblingBritain’s Gambling Commission is to prosecute Sorare, a multibillion-pound company that makes a fantasy football game promoted by the Premier League, for providing unlicensed gambling.Sorare, which is valued at $4.3bn (£3.21bn) and counts major international investment firms such as SoftBank among its backers, […]
Caroline Ellison sentenced to two years after serving as star witness against FTX’s Sam Bankman-Fried September 24, 2024
Ex-Alameda CEO and ex-girlfriend of fallen crypto mogul pleaded guilty, but prosecutors requested lenient sentenceCaroline Ellison, the former crypto executive and romantic partner of the disgraced FTX founder Sam Bankman-Fried, was sentenced to 24 months in prison in Manhattan federal court on Tuesday. Ellison was a central figure in the FTX bankruptcy saga and key […]
Trump launches new cryptocurrency venture but declines to share details September 17, 2024
Ex-president announces World Liberty Financial and publicly addresses second apparent assassination attemptDonald Trump launched his family’s cryptocurrency venture, World Liberty Financial, on a livestreamed interview on the social media platform X on Monday. The Republican presidential nominee gave few details about the venture but did offer his first public comments on the apparent assassination attempt […]
Asic taking down average of 20 scam websites a day August 18, 2024
Crypto scams accounted for 615 takedowns, the regulator says, as total number exceeds 7,300 in 12 monthsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastMore than 7,300 websites have been taken down in the first year of operation of the Australian Securities and […]

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Don’t book expensive driving tests through reseller sites, warns RAC October 15, 2024
Learners trying to beat backlog can pay up to £195 with brokers who buy up slots and sell them on, according to motoring organisationThe RAC has issued fresh warnings to desperate learner drivers trying to beat the backlog by booking tests through unregulated websites after it found they could be paying up to four times […]
Starmer calls it slashing ‘red tape’. In fact, he’s just capitulating to big business | Nicholas Shaxson October 15, 2024
Labour’s investment summit promoted the idea of a trade-off between regulation and growth. We know where that endsThere is a profound yet simple question about investment in our economy that all politicians should be forced to face: who benefits? At this week’s International Investment Summit in London, Keir Starmer offered a worrying answer. He is […]
BBC announces net reduction of 130 news and current affairs jobs October 15, 2024
Cost-cutting also includes axing of world affairs programme HARDtalk and BBC Asian Network’s bespoke news serviceThe BBC has announced its latest round of job cuts, involving a net reduction of 130 roles across news and current affairs departments, as part of a wider cost-cutting drive.The chief executive of BBC News, Deborah Turness, announced the changes […]
Google to buy nuclear power for AI datacentres in ‘world first’ deal October 15, 2024
Tech company orders six or seven small nuclear reactors from California’s Kairos PowerBusiness live – latest updatesGoogle has signed a “world first” deal to buy energy from a fleet of mini nuclear reactors to generate the power needed for the rise in use of artificial intelligence.The US tech corporation has ordered six or seven small […]
UK employer national insurance hike threatens jobs and pay rises, firms warn October 15, 2024
Business body covering pubs, hotels and restaurants says budget tax change would increase costsWhat are employer NI contributions and what would raising them do?British employers have warned that a rise in employer national insurance contributions in the budget could hit hiring and limit pay rises, hurting businesses including pubs, hotels and restaurants.Keir Starmer and the […]
Boeing seeks to raise up to $25bn through stock and debt offering October 15, 2024
Planemaker also enters into $10bn credit agreement in ‘challenging environment’ amid strikes and safety concernsBoeing is seeking to raise up to $25bn (£19bn) in an attempt to shore up its finances as the planemaker struggles with production delays amid a strike by 33,000 workers and ongoing safety concerns.A regulatory filing by the company on Tuesday […]
What are employer national insurance contributions and what would raising them do? October 15, 2024
Rachel Reeves has hinted she plans to put up the tax in the budget but some businesses have voiced concernsThe chancellor, Rachel Reeves, has dropped heavy hints that she plans to increase employer national insurance contributions (NICs) in her budget at the end of the month, and on Tuesday Keir Starmer twice refused to rule […]
Water firms ‘laying groundwork’ to appeal against Ofwat bill rise cap, says Moody’s October 15, 2024
Credit rating agency expects English and Welsh companies to challenge regulator’s ruling with CMA watchdogBusiness live – latest updatesWater companies are “laying the groundwork” to appeal against Ofwat’s decision to rein in how much they can increase customers’ bills, according to a leading credit rating agency.Moody’s said in a report on the water industry that […]
Former Post Office IT chief claims Horizon system has no fundamental flaw October 15, 2024
Mike Young said he saw saw only ‘minor bugs and glitches’ and defended ability to remotely access branch accountsThe former head of IT at the Post Office named by the ex-chief executive Paula Vennells as one of five people responsible for the Horizon scandal has said he still has not seen evidence of a “fundamental […]
BMW chief says EU combustion engine ban will shrink car industry October 15, 2024
Oliver Zipse tells Paris motor show 2035 cutoff point for CO2-emitting cars is ‘no longer realistic’Business live – latest updatesThe EU’s plans to ban the manufacture of traditional combustion engines from 2035 will shrink the industry, BMW’s chief executive has warned as the German car industry battles with increased competition from China in the electric […]

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