Gemma Hatvani has worked in the energy industry for 20 years but has not experienced anything like the past couple of months as struggling households flock to her Facebook-based service, Energy Support and Advice UK. “It’s horrendous . . . the demand from people needing food parcels, top-up vouchers . . . I know we hear this word a lot but it’s unprecedented,”
Almost two years ago, a dozen elite football clubs proposed a breakaway European Super League. The objective was to establish one single league competition that would boast a large number of the world’s very best players — and could grab a significant part of the sport’s multibillion-dollar revenues. The plan failed — victim of a
A Deutsche Bank probe into the mis-selling of risky foreign exchange derivatives in Spain has found that staff acted disingenuously, exploited flaws in the bank’s controls and broke EU rules, according to people with knowledge of the report. One of the people said employees acted in “bad faith” over years, pushing small and medium sized
Six months after tying the knot with actor Ben Affleck, actress and singer Jennifer Lopez is ready to part with her sprawling Bel-Air estate for $42.5 million. Records show that the “On the Floor” singer and “Shotgun Wedding” star bought the Los Angeles estate from actress Sela Ward and her husband, entrepreneur Howard Sherman, in
Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. “The economy is not only going to weaken, but weaken much more than the markets expect,” the economist stressed. Peter Schiff’s Warning Gold bug and economist Peter Schiff voiced his concerns regarding
El Salvador has been advised by the global monetary watchdog to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets. A Feb. 10 statement from the International Monetary Fund (IMF) emphasized that Bitcoin’s risks to El Salvador have “not materialized” yet due to the country’s “limited” use
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that “everything will crash,” including gold, silver, and bitcoin. However, he sees crashes as buying opportunities, noting that he will buy more bitcoin. Robert Kiyosaki Reiterates Market Crash Warning The author of Rich Dad Poor Dad, Robert Kiyosaki, has reiterated
The Chinese government is setting up a national blockchain innovation center in Beijing to focus on industrial applications and major use cases of blockchain technology, particularly those related to the Chinese economy. China Establishing New Blockchain Center China’s Ministry of Science and Technology has approved the establishment of a blockchain research center called the National
The US shot down an unidentified object that was flying over Canada on Saturday, in the second incident in two days that comes one week after the Pentagon took down a Chinese spy balloon off the US coast. Canadian Prime Minister Justin Trudeau on Saturday afternoon said he had ordered the shooting down of “an
Top Stories This Week Kraken reaches $30M settlement with SEC over staking as IRS seeks user information Kraken has agreed to stop offering staking services or programs to United States clients after reaching an agreement with the U.S. Securities and Exchange Commission (SEC). Along with ceasing operations, the crypto exchange will pay $30 million in
The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following opinion editorial was written by Bitcoin.com’s Business Development Manager
A second member of the European parliament has been charged with corruption and another arrested as Belgian prosecutors continued their investigation into the “Qatargate” scandal. Marc Tarabella, a Belgian socialist, was remanded in custody on Saturday after being charged with corruption, money laundering and participation in a criminal organisation. He was arrested on Friday, just
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold
To power their mining operations, Bitcoin miners either purchase electricity from conventional and renewable energy sources or develop and run their own renewable energy facilities, turning them into energy consumers. Miners typically purchase electricity from energy providers, such as utility companies or independent power producers, to mine BTC. They then use that electricity to power
As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high prices via over-the-counter (OTC) trades. A clone of the popular
sponsored Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than 90 million global businesses and up to 9%
Meta has delayed finalising multiple teams’ budgets while it prepares a fresh round of job cuts as Mark Zuckerberg’s plan to contain costs in his “year of efficiency” causes disruption at the social media company. Two Meta employees familiar with the situation told the Financial Times that there had been a lack of clarity about
Turkish authorities have arrested the developer of a large residential building that was toppled by this week’s devastating earthquake as president Recep Tayyip Erdoğan faces growing discontent over the quality of construction in the stricken region. A contractor for a building of luxury flats in the hard-hit Hatay province in Turkey’s south was detained on
Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week. Top NFT Collection of the Week: Otherdeed Leads with
Shares in small artificial intelligence groups have soared this year on the back of the hype surrounding ChatGPT and other generative AI models, leading analysts to warn of a “speculative” bubble in the making. Last year marked a breakout year for AI that can produce fluent textual responses to questions, draft poems and stories and
Shiba inu continued to move away from a recent one-week low on Saturday, as the meme coin rebounded to start the weekend. Although overall sentiment remains bearish, prices are starting the weekend relatively stronger. Litecoin also rebounded in today’s session. Shiba Inu (SHIB) Shiba inu (SHIB) saw its price climb marginally higher to start the