US regulator, the Securities and Exchange Commission (SEC), has sent a Wells Notice to Coinbase Global Inc (NASDAQ: COIN), a cryptocurrency exchange listed on Nasdaq.
Despite facing criticism, the CEO of British Gas has been awarded a bonus of £3.7 million.
Centrica, the owner of British Gas, has announced that its CEO, Chris O’Shea, will receive bonuses totalling £3.7 million after the company achieved record profits in 2022.
As traders move away from traditional banking, the price of Bitcoin has reached a nine-month high.
On Friday, Bitcoin achieved its highest level in nine months, as cryptocurrency traders moved their investments away from banks and became more receptive to quickly changing interest rate forecasts.
MPs are set to question the executives of British Gas and Ofgem regarding the pre-payment scandal.
Next week, the executives of Centrica and Ofgem will be summoned to appear before MPs. This comes after British Gas was discovered to have been compelling vulnerable customers to use
Bitcoin and Ethereum have failed to recover from significant losses in the cryptocurrency market.
Over the weekend, Bitcoin (BTC) failed to recover significant losses from the end of the week and instead traded within a range in the mid-US$22,000s.
Amidst a broader downturn, a crypto exchange listed a loss of €2.5bn in the previous year.
Coinbase, a crypto exchange listed on Nasdaq, has presented its latest results which depict a company deeply impacted by the crypto storm of the past year.
Bitcoin Tops $25,000 as Crypto Looks Past Regulatory Woe’s despite crackdown
An increase in Bitcoin saw the token rise above $25,000 for the first time since August. This was amid wide gains in crypto markets, as investors shrugged off concerns about
British Gas owner Centrica made record profits last year as energy bills soar
In 2022, Centrica’s adjusted earnings per share rose significantly, increasing eight times to 34.9p from 4.1p in the previous year.
More gas and electricity suppliers could go bust because households are unable to pay their bills
The industry body warned that more electricity and gas suppliers may go bankrupt because of the rising number of households who are unable to pay their bills.
UK energy suppliers will end prepayment meter installation at vulnerable homes
After damaging reports about how prepayment meters were installed in the homes of vulnerable customers, all UK energy suppliers have pledged that they will stop installing them.
Energy regulator Ofgem orders halt to pre-pay meters being forcibly installed
After an investigation revealed that agents working for British Gas broke into the homes of vulnerable customers to install prepayment meters, the British energy regulator Ofgem ordered all suppliers to