City London Financial News

White & Case partner Mark Clarke has resigned to join the firm's oil and gas client Proman in a senior in-house role.

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New listing rules designed by the UK’s financial regulator to attract overseas giants to London have flopped, as none have taken advantage of the regime so far, Financial News can reveal.

Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. The largest token is up 40% since the turn of the year, a first-month gain bettered only twice before when crypto was in its infancy. Smaller coins like Solana, Axie Infinity and Decentraland have doubled in value, part of a $280 billion January climb in digital assets overall, CoinGecko figures show. Bitcoin retreated 2.5% to $23,200 as of 11:37 a.m. in London on Monday amid broad declines in risk assets. The rebound from last year's deep rout is part of a wider revival in risk appetite on expectations that central banks will slow interest-rate hikes and perhaps even cut borrowing costs later this year as high inflation moderates. The rally in virtual coins has weathered ongoing fallout from the collapse of Sam Bankman-Fried's FTX exchange — such as the bankruptcy of crypto lender Genesis Global Holdco LLC and a spate of layoffs across the industry.

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Gavin Andresen, the former lead Bitcoin developer appointed by Satoshi Nakamoto himself, now regrets that he once supported the controversial Australian computer scientist Craig Wright.

Addicted to watching your crypto portfolio balance? Can't stop staring at those crypto prices? There are now rehab centers for that.

A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading.

Satvik Sethi, payments giant Mastercard's now-former non-fungible token (NFT) product lead, announced that the had resigned from this role on Thursday - but in a surprising and fitting move, he minted his resignation as an NFT.

PwC is pushing into the UK financial sponsors space after hiring a senior dealmaker from mid-market specialist Houlihan Lokey.

Citigroup has hired a senior JPMorgan dealmaker to head its healthcare investment banking team in Europe.

Ruja Ignatova, the Bulgarian fugitive behind the $4 billion fake cryptocurrency scam, is suspected to have resurfaced her London apartment was recently listed for sale, five years after she disappeared.

The Bitcoin (BTC) logo was placed atop Germany's tallest tower over the weekend in Berlin, Germany. The logo took the shape of a gigantic orange letter B and lit up the night sky. On January 21st, the Bitcoin logo was shown on the Berliner Fernsehturm tower, which is more commonly known as the TV Tower.

PwC has been accused of a "shocking breach" of confidence after one of its former partners allegedly leaked confidential information about a client.

US law firm Akin, Gump, Strauss, Hauer & Feld has hired debt finance partner Fergus Wheeler from White & Case in London.

The Treasury and the Bank of England are currently working together through the CBDC Taskforce to explore the case for a digital pound. "Treasury and the Bank of England have committed to consult jointly on a potential digital pound, and the successful candidate will lead the Treasury team in the wake of the consultation’s issuance, including working with the Bank of England to consider consultation responses," states the job posting. "The forward timeline for the work has been set out by Ministers and the Bank of England, and the successful candidate will be responsible for setting strategic direction within Treasury to deliver on that plan." The two-year posting, which has currently attracted 17 applications, can be based in London or Darlington on a salary of £61,260 - £66,500 per year. The Treasury will be running a drop-in session for potential applicants, on 6 February 13:30-14:30, to give candidates greater insight about the role as well as the chance to learn more about HM Treasury and the recruitment process.

US law firm Akin, Gump, Strauss, Hauer & Feld has hired debt finance partner Fergus Wheeler from White & Case in London.

Credit Suisse Asset Management has hired Christine Chow as a managing director and head of the firm’s active ownership unit.

An investing platform backed by the likes of oil giant Saudi Aramco and French soccer player Paul Pogba is launching a novel proposition in the U.K.: a physical branch and bank accounts backed by gold.

When Rob Rooney stepped down as chief executive of Morgan Stanley’s international business in 2018, a note went out to staff saying he was relocating from London after more than two decades to take up a new senior role in the US.

The Bitcoin (BTC) logo lit up the night sky in Berlin this weekend, adorning Germany’s tallest building with a giant orange B.