Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Swiss private bank Pictet has agreed to pay $123mn to US authorities after admitting to helping clients illegally shield more than $5.6bn of assets from tax in secret accounts from 2008 to 2014. The Geneva-based
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Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec. 4, indicating that the bulls are in no mood to slow down. The higher the price goes without a meaningful correction, the greater the feeling of missing out among traders. When traders chase prices higher, it could lead to a blow-off
Another private college in New York is shutting its doors after struggling financially and said it won’t make further interest payments to investors on its municipal bonds. The College of Saint Rose, a private Roman Catholic school in Albany, said Friday it plans to close after this academic year. It was founded in 1920 as
The next bull market could kick off as soon as next year, propelled by catalysts such as the upcoming Bitcoin (BTC) halving and potential approval of a spot Bitcoin ETF in the United States. In our latest Cointelegrph Report, we explain how to prepare for the next parabolic move in five simple steps. First, it’s
In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. 4. Traders and analysts have been abuzz with speculation, especially in the wake of the $100 million liquidation of short (bearish) Bitcoin futures within just 24 hours. However, when we dive into BTC derivatives data,
A trio of Chapter 11 bankruptcies filed by Southwest nonprofit entities this year in the wake of bond impairments are closer to wrapping up their cases in federal court with the help of asset sales or debt restructuring. Legacy Cares, which filed for bankruptcy in May after defaulting on $284 million of revenue bonds to
Minneapolis received a bump from Moody’s Investors Service, which revised its outlook on the city to positive from stable and affirmed its Aa1 issuer and general obligation unlimited tax bond ratings. The Nov. 29 action affects about $875 million of GO debt, Moody’s said. “The positive outlook is based on improving credit metrics including growing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International Though Indian Prime Minister Narendra Modi is in his 10th year in office, his position is as strong as ever. The Bharatiya Janata party’s overwhelming election victories in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Freshfields Bruckhaus Deringer’s former global head of tax is “highly likely” to be found guilty of aiding and abetting tax fraud in a landmark trial, a senior judge said on Monday. Ulf Johannemann, who was
Jan3 CEO Samson Mow has said that comparing Bitcoin to crypto is like comparing “an aircraft to a paper airplane.” Ripple CEO Brad Garlinghouse said, “It will be a multichain world.” These opposing statements are the latest front in the longest-running feud in cryptocurrency — the battle between Bitcoin (BTC) and everything else that followed.
Bitcoin (BTC) faces sharp volatility as the new week begins with BTC price action focusing on $42,000 — can it endure? The largest cryptocurrency, fresh from weekend gains that topped 10%, is still keeping traders guessing over its next move. While a trip to $40,000 was well anticipated, the question now is whether or not
According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin (BTC) investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%. “Of course, we have no intention of selling; that has never been our objective,” said Bukele. “We are fully aware
The cryptocurrency exchange Bybit released its fourth quarter report on Dec. 4, highlighting and comparing trends between its institutional and retail investors. The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in Bitcoin (BTC), 15% in Ether (ETH) and only 5% in altcoins, which the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Home secretary James Cleverly is set to unveil measures to reduce migration to the UK after official figures showed net legal migration soared to 745,000 last year. Changes expected to be announced on Monday include
Bringing the global crypto and blockchain communities together in Istanbul, Turkey, the Binance Blockchain Week 2023 was a clear indicator that the Web3 ecosystem continues to grow regardless of price movements. Despite being a Binance event, the conference housed several key players from the crypto industry. Among them was Trust Wallet, a decentralized Web3 wallet
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Quantum computing is starting to fulfil its promise as a crucial scientific research tool, IBM researchers claim, as the US tech group attempts to quell fears that the technology will fail to match high hopes
Brazilian bank Itau Unibanco has launched a cryptocurrency trading service for its clients as part of its investment platform, Reuters reported on Dec. 4. Itau, the largest bank by assets in Brazil and one of the leading lenders in Latin America, is debuting crypto trading with Bitcoin (BTC) and Ether (ETH), digital asset head Guto
The hardware cryptocurrency wallet firm Trezor has continued its efforts to promote Bitcoin (BTC) education globally by launching a new educational initiative in Africa. The Trezor Academy was officially launched at the Trezor-backed Africa Bitcoin Conference in Ghana’s capital of Accra on Dec. 4, the firm announced to Cointelegraph. The academy is an educational program focused
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bitcoin has surged to its highest price in nearly 20 months on optimism the toughest regulatory punishments for the industry have passed and that US regulators will shortly approve stock market cryptocurrency funds. The cryptocurrency
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. How many international conflicts can one superpower handle at the same time? The Biden administration is currently trying to deal with wars in the Middle East and Europe, while preparing for a surge in tensions between
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU’s top leaders meet this month for the last European Council of the year. How decisive they manage to be could make the difference between a summit that would rank among some of the