Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval:
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Not long ago, “most governments had believed that closer economic integration would promote long-term prosperity. Now, integration is seen as a source of risk and insecurity.” This is how London-based Capital Economics introduces an intriguing
Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According to an
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription:Lynne Funk (00:03):Hello everyone and welcome to another Bond Buyer podcast. I’m Lynne Funk, executive editor at The Bond Buyer, and I am very excited to welcome this year’s public and private sector. Freda Johnson Award winners to the show today. Megan
Fitch Ratings has upgraded Pennsylvania’s issuer default and outstanding general obligation bond ratings to AA from AA-minus. Fitch also raised the bonds supported by state appropriations to AA-minus from A-plus and the ratings on state school credit enhancement programs linked to the commonwealth’s IDR to AA-minus from A-plus. The rating outlook on all the bonds
Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the largest in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Adobe’s proposed $20bn merger with Figma would harm competition in product design software by uniting two of the main companies in the sector, the UK’s antitrust regulator has said in the latest challenge to the
Ethereum founder Vitalik Buterin’s blog post highlighting the threats he sees artificial intelligence (AI) could pose to humanity has attracted many fiery responses from AI and blockchain community members. On Nov. 27, Buterin published a blog post titled My techno-optimism, which discussed how AI is “fundamentally different” from other inventions like guns, airplanes and social media.
Stay informed with free updates Simply sign up to the Politics myFT Digest — delivered directly to your inbox. At the next general election, British voters will return either a centre-right government or a centre-left one. For comparison, the spread of plausible outcomes in the US includes a second term of Donald Trump. In France?
Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin’s historical milestones ahead of the next halving expected in April 2024. The first Bitcoin transaction occurred nearly 15 years ago on
If you’re planning on remodeling a bathroom in your home, particularly the one in your primary suite, you’re probably going to be incorporating some technology in the project. While that might seem counterintuitive, many of the top trends rely on smart home features to make your space more spa-like. These were highlighted in the recent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS chair Colm Kelleher said he would like to line up a shortlist of three potential successors for chief executive Sergio Ermotti within the next “couple of years”, aiming to emulate the smooth succession process
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The new minister for the City of London has said UK regulators need to be more comfortable with risk-taking by companies. Bim Afolami, who was promoted in a ministerial reshuffle this month, said on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel and Hamas are set for a fifth consecutive transfer of hostages and prisoners after the warring sides agreed to extend a pause in fighting for an additional 48 hours. Under an extension of what
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. President Joe Biden and other senior US officials have warned Israel that its planned offensive in southern Gaza must avoid the kind of mass internal displacement triggered by its bombardment of the north. According to
The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes. Hayes delved into the recent $4.3 billion settlement paid out by Binance in a lengthy Substack blog. This comes after the exchange and
Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation. Analysis: $43,000 BTC price is “most conservative level” Bitcoin is in a rare position on weekly timeframes when
ARK Invest, one of the companies that filed an application for a spot Bitcoin exchange-traded fund (ETF), is again taking profits on its Coinbase shares as the stock price surges. On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF, according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7
Stay informed with free updates Simply sign up to the Workplace pensions myFT Digest — delivered directly to your inbox. The writer is a contributing editor Chancellor Jeremy Hunt’s latest efforts, like his Mansion House reforms, point squarely at getting people and firms in the UK to save smarter for retirement. This misestimates the scale
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At Rome’s National Gallery of Modern and Contemporary Art, rooms recently devoted to an exhibition of Picasso drawings now hold more curious relics: a 19th-century travel trunk emblazoned “M. Tolkien”; dictionaries of old English dialects;