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Bitcoin keeps climbing after Tesla backing

Bitcoin keeps climbing after Tesla backing

Technology
Getty ImagesMuch talked-about cryptocurrency Bitcoin has continued to hit record highs having broken through $ 50,000 (£35,700) last week.On Sunday, Bitcoin hit another peak rising above $ 58,000 as it continues its strong momentum this year.The cryptocurrency has risen more than 90% since the start of January, pushing its total market value above $ 1tn.The recent spike has been fuelled by Tesla and other big companies accepting it as payment.However, Bitcoin has a track record of wild price swings and has fallen sharply a number of times since it was created in 2009.Bitcoin hits new record of $ 50,000Man has two guesses to unlock bitcoin fortuneBitcoin consumes 'more electricity than Argentina'Bitcoin started the year at roughly $ 28,900, according to figures from cryptocurrency news site...
Virgin Atlantic races to land First Data rescue backing

Virgin Atlantic races to land First Data rescue backing

Business
Sir Richard Branson's Virgin Atlantic Airways is this weekend racing to secure the backing of a giant American payments group for a £1bn rescue deal that would save thousands of British aviation jobs.Sky News has learnt that First Data, a subsidiary of Nasdaq-listed Fiserv, has in recent days demanded stringent terms in return for its endorsement of a refinancing of the UK-based airline. Sources said on Saturday that Shai Weiss, Virgin Atlantic's chief executive, was trying to moderate First Data's demands that it holds on to all the cash generated by future bookings to protect itself against the risk of the carrier's collapse.Tens of millions of pounds of customer payments are understood to be at the centre of the talks.One insider said Virgin Atlantic was hopeful of reaching an agreement...
China furious as Trump signs law backing Hong Kong protesters

China furious as Trump signs law backing Hong Kong protesters

World
Donald Trump has signed into law legislation effectively backing civil rights protesters in Hong Kong.Beijing has reacted with fury, summoning US ambassador Terry Branstad to demand that the United States immediately stop interfering in its internal affairs and stop causing further damage to bilateral relations. The bill requires the US State Department to certify, at least annually, that Hong Kong retains enough autonomy to justify favourable US trading terms. It also threatens sanctions for human rights violations.A second bill banning the export of teargas, pepper spray, rubber bullets and stun guns to the Hong Kong police was also signed by President Trump.In a statement he said: "I signed these bills out of respect for President Xi, China, and the people of Hong Kong. They are being e...
Learning People attracts new backing from Talis

Learning People attracts new backing from Talis

Business
One of London's leading backers of technology start-ups is leading a multimillion pound investment in Learning People, an online training company which its backers believes is well-placed to capitalise on the explosion in corporate demand for cybersecurity advice. Sky News understands that Talis Capital, which is a shareholder‎ in businesses including Darktrace and Iwoca, will announce this week a fresh commitment to Learning People.‎The online training‎ group and its subsidiary, Skillsfox, will also unveil the appointment to their advisory boards of Tony Glass, former boss of the European operations of Skillsoft, a similar company sold to the buyout firm Charterhouse for $ 2bn‎.‎Talis's new backing for Learning People will follow an initial in...
Trump flies home to storm after backing Putin over FBI

Trump flies home to storm after backing Putin over FBI

World
Donald Trump is heading back to the US and into a furious storm of controversy after suggesting he trusts Vladimir Putin over his own intelligence services. US investigators believe Russian hackers and propaganda experts interfered in the 2016 election, in which Mr Trump beat Democrat Hillary Clinton.But in a joint news conference with the Russian leader, Mr Trump told reporters: "I have great confidence in my intelligence people but I will tell you that President Putin was extremely strong and powerful in his denial today."His comments have been strongly criticised by a long list of senior American political figures, including many from his own party who have expressed their disgust. Some have called his comments "thoughtless", others have condemned them as "shameful" - ...