Receive free South African politics updates We’ll send you a myFT Daily Digest email rounding up the latest South African politics news every morning. Sometimes moral clarity strikes like lightning. One such bolt hit this month in South Africa when Wole Soyinka, Nigeria’s grand man of letters and Nobel laureate, was asked by students at
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Receive free Artificial intelligence updates We’ll send you a myFT Daily Digest email rounding up the latest Artificial intelligence news every morning. The writer is founder of Sifted, an FT-backed site about European start-ups Even though it was written 37 years ago, Melvin Kranzberg’s first law of technology resonates today in our fast-evolving world of
Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced that it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-US retail customers. Launched in May 2023, Coinbase International already offered crypto derivates services to institutional clients. With the latest regulatory approval, the crypto platform
Our phones, computers, watches and other devices prompt us to download updates to the operating system as often as there is a bug to fix or a new feature to roll out. Bernd Oswald, co-founder and head of business development at the German-Austrian proptech company Gropyus, is on a mission to update housing’s operating system,
Receive free FT Magazine updates We’ll send you a myFT Daily Digest email rounding up the latest FT Magazine news every morning. In 1988, James Hansen, head of the Nasa Goddard Institute for Space Studies, told a US Senate committee: “The greenhouse effect has been detected, and it is changing our climate now.” Thirty-five years
Bitcoin (BTC) Ordinals are boosting miner profits, but “income stress” is looming, new research warns. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode predicted fresh problems for miners after Bitcoin’s next block subsidy halving. Bitcoin halving impact on miners could be “severe” Bitcoin miner competition is exploding, with hash
The US economy is facing new peril as a federal government shutdown draws near, strikes in the US Midwest rumble on, and rising energy costs coupled with the expiry of pandemic-era fiscal support hit household budgets. The combination threatens to undermine consumers and businesses just as their resilience shows signs of cracking under the weight
Bitcoin (BTC) is still in a bullish reversal when looking at this year’s price chart. BTC price has gained 70% after bottoming out at around $16,800 in November 2022, defying rate hike fears while riding on growing ETF approval optimism. However, in recent months, Bitcoin bulls have failed to sustain BTC price above $30,000. Therefore, with
Receive free OpenAI updates We’ll send you a myFT Daily Digest email rounding up the latest OpenAI news every morning. OpenAI is in advanced talks with former Apple designer Sir Jony Ive and SoftBank’s Masayoshi Son to launch a venture to build the “iPhone of artificial intelligence”, fuelled by more than $1bn in funding from
Receive free Private equity updates We’ll send you a myFT Daily Digest email rounding up the latest Private equity news every morning. The writer is president and chief executive of the American Investment Council The US is a beacon for global investment and innovation. And private equity plays a vital role in building better businesses,
Receive free Denmark updates We’ll send you a myFT Daily Digest email rounding up the latest Denmark news every morning. Soaring sales of celebrity-endorsed pharmaceuticals have sparked fears that Denmark’s economy risks a similar fate to its Nordic counterpart Finland, whose over-reliance on Nokia led to a lost decade when the phonemaker’s fortunes turned. Ozempic,
The view from Heathrow airport’s 87 metre-high control tower stretches more than 20 miles, overlooking the constant flow of aircraft taking off and landing. For nearly two years during the pandemic, those skies were unusually quiet. But the travel industry has since roared back to life, propelling the UK’s biggest airport towards its largest passenger
Ethereum futures exchange-traded funds (ETFs) could start trading for the first time in the United States as early as next week, according to Bloomberg analysts. On Sept. 28, Bloomberg Intelligence analyst James Seyffart said it was “looking like the SEC is gonna let a bunch of Ethereum futures ETFs go next week potentially.” His comments
Shares of Evergrande have been suspended, Hong Kong’s exchange announced Thursday. The chairman of the embattled Chinese real estate developer has reportedly been placed under surveillance, according to Bloomberg News. Evergrande shares last closed at 32 Hong Kong cents on Wednesday. This is not the first time that Evergrande’s shares have been suspended. Trading was
Receive free UK house prices updates We’ll send you a myFT Daily Digest email rounding up the latest UK house prices news every morning. UK house sellers are increasingly cutting prices to secure deals even as the normally busy autumn selling season gets under way, according to data from property platform Zoopla. Discounts have increased
Receive free Mergers & Acquisitions updates We’ll send you a myFT Daily Digest email rounding up the latest Mergers & Acquisitions news every morning. Global dealmaking is languishing at a 10-year low as high interest rates chill private equity activity and a more hostile antitrust environment deters companies from pursuing rivals. At $2tn, the value
Bitcoin mining firm Marathon Digital has confirmed it mined an invalid Bitcoin (BTC) block during an “experiment” aimed at optimizing the firm’s operations. In a Sept. 27 post, Marathon said it utilizes a small percentage of the firm’s hashrate toward these experiments and stressed they weren’t trying to alter the network in any way: “In no
Argentina’s poverty rate reached 40.1 per cent in the first half of 2023, as the South American economy descended into its worst crisis in two decades. The figure, released by Buenos Aires on Wednesday, comes four weeks ahead of Argentina’s high-stakes presidential election. The poverty crisis is at its worst since the height of the
Pull your sats out of Minecraft now Back in our July edition, we announced Satlantis, an independent Minecraft server run by the game’s fans, enabled players to earn Bitcoin by completing in-game quests using play-to-earn functionalities. We noted Minecraft developer Mojang’s previous NFT ban and concluded, “Time will show how this integration fairs against the
The Micron Technology Inc. offices in Shanghai on April 6, 2023. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron said to expect a loss of
The United States Securities and Exchange Commission (SEC) has delayed reaching a decision on whether to approve or disapprove of spot Ether (ETH) exchange-traded fund applications from ARK 21Shares and VanEck. In separate notices filed Sept. 27, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed