Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “A date that will live in infamy” was how Franklin Delano Roosevelt described December 7 1941 — the day that Japan attacked America at Pearl Harbor, killing 2,403 US personnel, including 68 civilians. In response,
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Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia. Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1 to Oct. 31, 2023,
Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip. BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum. The largest cryptocurrency continues to hold onto reclaimed ground, and while upside now
OpenAI’s convoluted corporate structure was designed to protect its board of directors from normal commercial pressures and ensure that the advanced artificial intelligence the company was building would always serve humanity. Instead, the unusual arrangement tipped off a crisis this weekend that threatened to tear apart the company at the forefront of the global race
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft has hired Sam Altman and Greg Brockman to lead a team conducting artificial intelligence research, days after the pair were pushed out of OpenAI, the company they co-founded. Writing on X on Monday, Microsoft
A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. In the interest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In tech founder mythology, rejection is a crucial stage of the hero’s journey, followed by triumphant return. OpenAI co-founder Sam Altman almost completed this arc in the space of a weekend. His departure leaves the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI’s board has selected Emmett Shear, co-founder of video streaming service Twitch, as its interim chief executive in an unexpected move which is likely to deepen rifts at the company exposed by the sacking of
The company behind Atomic Wallet has asked a United States court to dismiss a class action suit seeking damages from a $100 million hack arguing the claims should’ve been filed in Estonia where it’s based. In a Nov. 16 dismissal motion in a Colorado District Court the Estonian firm argued it has “no U.S. ties”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s military has laid waste to much of northern Gaza, badly damaging more than half of the buildings and large swaths of entire neighbourhoods during its 42 day offensive, according to analysis of satellite data.
On the evening of September 27, France’s financial and political elite mixed with Middle Eastern royalty at the Palais Garnier, an ornate opera house in the heart of Paris. The 1,000-strong crowd was gathered to pay homage to Ardian, one of Europe’s largest investment firms, and its chief executive Dominique Senequier, on the tenth anniversary
Stay informed with free updates Simply sign up to the Pharmaceuticals sector myFT Digest — delivered directly to your inbox. It’s rare that the presentation of the results of medical studies attract standing-room-only crowds. But that was the case a couple of weeks ago in Philadelphia, when medical professionals and media alike packed a ballroom
The wealthy non-domiciled residents of the UK are getting nervous. After years of cuts to their special tax privileges, people who live in Britain but do not have to be domiciled there for tax purposes now face the threat of this regime ending altogether. The opposition Labour party is polling strongly in advance of the
Argentina’s Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa. With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data. Massa, the country’s minister of economy, called Milei to congratulate
Javier Milei, a radical libertarian economist and first-term congressman, has secured a decisive victory in Argentina’s presidential elections, defeating economy minister Sergio Massa and pulling the country’s politics far to the right amid its worst crisis in two decades. With 93.4 per cent of votes counted, Milei had won 55.8 per cent, against 44.2 per
Javier Milei, a radical libertarian economist and first-term congressman, has won Argentina’s presidential elections, defeating economy minister Sergio Massa and pulling the country’s politics far to the right amid its worst crisis in two decades. At 8.10pm, almost an hour before the first official results were due to be published by Argentina’s electoral commission, Massa,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The White House’s chief energy adviser has said he is confident that Arab oil producers will not weaponise energy, despite mounting anger across the Middle East over Israel’s siege and bombardment of Gaza. Amos Hochstein
Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejections of the spot Bitcoin exchange-traded
Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses. According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (EOS), 0x Protocol (ZRX), Aave
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentines will vote in presidential elections on Sunday, facing a deeply polarising choice between Sergio Massa, the economy minister presiding over the country’s worst crisis in two decades, and Javier Milei, a hard-right libertarian outsider
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US and Qatar signalled on Sunday that they were edging closer to a deal to release a significant number of civilian hostages held by Hamas in the besieged Gaza Strip. Any breakthrough is expected