• JP Morgan boss Jamie Dimon backtracks on calling bitcoin a ‘fraud’

    JP Morgan boss Jamie Dimon backtracks on calling bitcoin a ‘fraud’0

    JP Morgan chief executive Jamie Dimon has backtracked on criticism of Bitcoin, saying he regrets calling the cryptocurrency a “fraud”. The Wall Street boss was one of the most high-profile critics of the digital currency, having said last autumn that he would fire employees found to be trading the digital currency for being “stupid”. But

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  • Torched RHIB shines light on strait drug traffic

    Torched RHIB shines light on strait drug traffic0

    A fast boat torched on a beach in La Linea this weekend laid bare the scale of drug trafficking across the Strait of Gibraltar. The boat was run aground on the shoreline close to Alcaidesa early Saturday morning and set alight by its occupants, most likely to destroy fingerprints and DNA evidence. It was one

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  • Smugglers torch RHIB on La Linea beach

    Smugglers torch RHIB on La Linea beach0

    Smugglers ran their fast boat aground on a beach near La Linea and set it alight before fleeing on foot. The rigid-hull inflatable boat, of a type commonly used to ferry drugs across the Strait of Gibraltar, was likely torched to destroy fingerprints and DNA evidence. It was abandoned on a stretch of beach between

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  • Visa cuts off Gib-based digital payment company

    Visa cuts off Gib-based digital payment company0

    Hundreds of thousands of pre-paid cryptocurrency cards issued by Gibraltar-based WaveCrest were deactivated yesterday after Visa terminated its relationship with the company. Visa’s decision impacted several companies which relied on WaveCrest for pre-paid cards, funded with cryptocurrencies such as Bitcoin and Ethereum, that enable customers to make payments and ATM withdrawals in regular currencies such

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  • BA boosts Gib routes with Gatwick summer flights

    BA boosts Gib routes with Gatwick summer flights0

    British Airways will use take-off and landing slots acquired following the collapse of Monarch to increase its London Gatwick flights to sunshine destinations this summer, including to Gibraltar. The Gibraltar/Gatwick route will operate six times a week – daily except on Tuesday – and is in addition to 11 weekly flights from Heathrow during the

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  • In Brexit process, Gib dialogue on the horizon

    In Brexit process, Gib dialogue on the horizon0

    Gibraltar remains open to “productive technical talks” with all relevant parties – including with Spanish officials – to mitigate any negative impact of Brexit, the Gibraltar Government said yesterday. No.6 Convent Place was underscoring its well-known position following a report in Panorama that the UK and Spain were poised to hold “technical talks” on Gibraltar.

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