October 27, 2021
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Business

A dollar spent on bitcoin ‘lottery ticket’ in 2010 now worth almost $4 million

Published time: 2 Dec, 2017 09:00 The incredible bitcoin rally over the past seven years has professional investors and novices alike scratching their heads. The timid are left to wonder and watch as the fearless make a fortune. It’s hard to believe, but one dollar worth of bitcoin bought in May 2010 is worth about $3.7 million today, that’s a surge of over nearly 370
Business

Bitcoin becoming hyper-inflated asset but fails to rival US dollar as currency

Cryptocurrencies and bitcoin have become the buzzwords of 2017. However, bitcoin is much more used as a commodity or asset rather than its original goal to be a replacement currency. “Bitcoin is a wonderful invention that has already begun to change the world, but at the moment it is too early to talk about it as an alternative or truly decentralized currency. It is most
Business

There’s going to be a supermoon on Sunday – here’s how to see it

Tomorrow, the first – and last – supermoon of 2017 will be visible in the UK. Also called the cold moon, the solar spectacle occurs when a full moon coincides with the moon reaching the point in its orbit where it is closest to the earth. This supermoon is expected to appear about seven per cent larger and 16 per cent brighter than normal, and an optical effect called
Business

Trump is one big step closer to signing his tax overhaul bill into law

US President Donald Trump is a step closer to passing his sweeping tax overhaul after approval from the US Senate. The bill was passed by 51 to 49 following a flurry of last-minute amendments. Talks between the Senate and the House of Representatives are set to begin next week to create a single bill for Trump to sign into law after the House passed a similar bill last
Business

The government has issued a warning over Russian anti-virus software

The government has set out a warning about the security risks of using anti-virus software made by Russian companies. The UK's National Cyber Security Centre's (NCSC) director Ciaran Martin yesterday wrote to government departments saying anti-virus software made in Russia should not be used for systems related to national security. Martin said the NCSC was in
Business

Whirlpool tumble dryers: MPs’ anger as replacement ends

MPs are demanding to know why the white goods manufacturer Whirlpool ended a product replacement scheme for dangerous tumble dryers. The Commons business committee says that more than a million of the defective machines remain in UK homes. In November a coroner blamed an electrical fault in a Whirlpool dryer for a 2014 fire that killed two men. The firm says it is still
Business

Barclays axes free Kaspersky product as a ‘precaution’

Barclays has stopped offering free Kaspersky anti-virus products to its customers following an official warning about Russian security software. The bank emailed 290,000 online banking customers on Saturday to say the move was a "precautionary decision". UK cyber-security chiefs are warning government departments not to use software from Russian companies for systems
Business

Arnold Schwarzenegger Award Rescinded By D.C. Watchdog Group Amid Controversy

Rex/Shutterstock Government watchdog group Common Cause has rescinded an award scheduled to be presented tonight to Arnold Schwarzenegger following an outcry over past sexual harassment allegations made against him. The group was scheduled to honor the former California governor with the “We the People Award” for his work on gerrymandering reform at the awards dinner at
Business

A political fog on eurozone reform — courtesy of Paris and Berlin

Political Economy is a column about the intersection of economics, finance and politics across Europe. PARIS — A European institution that hasn’t been used much for three years has become a showcase of the political hypocrisies surrounding talks to reform the eurozone. The bloc’s bailout fund — the European Stability Mechanism — is at the center of the debate on the