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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The ‘it’s inflation, stupid’ thesis is strong. As MainFT highlighted in a big piece days before the vote and again on election day. inflation was clearly having a major effect on Kamala Harris’s
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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. Collapsed crypto exchange FTX is suing Binance and its former chief executive Changpeng Zhao for $1.8bn, over an allegedly “fraudulent” share deal. The dispute relates to a July 2021 deal in which Binance, Zhao and
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The FTX bankruptcy estate continues to pursue lawsuits against cryptocurrency companies as part of its ongoing bankruptcy proceedings. A group of firms involved in the FTX bankruptcy proceedings initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8 billion, according to a complaint filed on Nov. 10. In the filing, the plaintiffs argued that
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Supported by a new all-time high (ATH) market price above $81,000, the total market capitalization of Bitcoin crossed $1.6 trillion for the first time since its launch in 2009. On Nov. 11, Bitcoin (BTC) reached a market capitalization of $1.62 trillion amid the ongoing bull market, concurrently bringing up the global crypto market cap to
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Cryptocurrency analytics platform Nansen is expanding its capabilities beyond Ethereum by moving into Bitcoin through a partnership with the Bitcoin layer-2 (L2) network, Bitlayer.  Nansen is debuting Bitcoin (BTC) analytics services by delivering blockchain data analytics to Bitlayer, an L2 network supporting smart contracts and decentralized applications (DApps) on Bitcoin. As the first Bitcoin L2
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Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Company (Pimco), are reentering the crypto space amid a major market rally. Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on
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Bitcoin will gain political importance following Donald Trump and the Republicans’ United States election wins — and investors who don’t own the cryptocurrency can no longer ignore it, according to the New York Digital Investment Group (NYDIG). “While some investors have allocated to Bitcoin, the most common allocation for investors is still zero. There are
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As Lehman Brothers hurtled towards bankruptcy in September 2008, the executives at the world’s largest derivatives exchange found themselves in a race against time: find a new home for the failed bank’s trading book or face more cascading chaos. In an early harbinger of a new era for markets, the winner of the bidding war
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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. Thefts of packs of butter have highlighted the impact of skyrocketing inflation on Russia’s war economy. President Vladimir Putin’s splurge on arms and ammunition has helped Moscow to maintain an advantage on the battlefield in
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Years ago, a well-known Silicon Valley billionaire told me something I’ll never forget: “China is an autocracy, Europe is a technocracy and America is a company.” That statement has never felt truer to
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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The re-election of Donald Trump as president of the US marks a new era in US and global politics. Eight years ago, his victory might have been viewed as an anomaly. This time,
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Elon Musk’s role in delivering the US presidency for Donald Trump has given the world’s richest man a unique opportunity to reshape the federal government by placing his acolytes and allies inside the incoming administration. The billionaire’s influence continues after the election, with him joining Trump during a call with Volodymyr Zelenskyy, president of Ukraine,
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Lingering consumer anger over high prices is hurting governments in advanced economies even though inflation is subsiding to normal levels, as a once-in-a-generation surge in costs leaves a toxic legacy for incumbent politicians. Discontent over the economy was a key motivator for Republican voters in this week’s US election, exit polling suggested — contributing to
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