Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course. However, the path higher may not be easy.
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Texas Sen. Ted Cruz has said he will challenge more than $5.5 billion of federal transportation grants after the U.S. Government Accountability Office agreed with him that the grant criteria should be subject to Congressional approval. The GAO on Oct. 18 issued an eight-page ruling that found that the U.S. Department of Transportation’s Multimodal discretionary
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The conflict in Israel threatens much in the region and beyond. Rising tensions and security concerns also have potential repercussions on the country’s ambitions to grow its natural gas exports. In the space of little
Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress. In the latest on-the-ground video documentary from Cointelegraph, global reporter Joe Hall investigates the remittances market, cash economies, and the challenges and opportunities faced by small island nations worldwide. [embedded content] Cape Verde, officially the Republic
The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day moving average and 200-day moving average on the daily timeframe. Liquidity maps
Against the backdrop of a big state-funded property tax cut and with a bond guarantee program fully back in business, Texas public school districts are asking voters for almost $18 billion of debt Nov. 7. That accounts for the lion’s share of the $28.48 billion of bonds in 218 measures on Texas ballots, according to
Decentralized crypto exchange PancakeSwap now has portfolio manager functionality, according to an Oct. 30 announcement. The feature has been added in partnership with decentralized finance (DeFi) protocol Bril Finance. The new feature allows PancakeSwap users to deposit tokens into single-asset vaults via the exchange’s user interface. Once the tokens are deposited, they go into a
Analysts are certain the Federal Open Market Committee will not increase rates at the meeting that ends Wednesday, but the December meeting is still in play for the last 25 basis point rate hike that was predicted by the panel’s Summary of Economic Projections. The final 2023 meeting remains in play, according to Tony Welch,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government’s planning for the Covid-19 pandemic was “inadequate” with no real strategy in place to deal with the crisis that unfolded, according to Boris Johnson’s former principal private secretary. Martin Reynolds, who headed the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chair, putting the Big Four accounting firm in the hands of a consulting partner for the first time. Kande’s
No one really knew what would happen when Colorado legalized marijuana. Maybe the money would transform Colorado’s schools or destroy the Mexican drug cartels. Or turn the state’s youth into potheads and embolden the illegal market. In 2014, the year legal recreational cannabis hit the market in Colorado, the state pulled in $67 million of tax
A Bitcoin (BTC) educator based in Tanzania has scaled Africa’s highest peak, Kilimanjaro, financing the entire trip through Bitcoin and Nostr donations. Kweks poses with a Bitcoin and NOSTR flag at the summit of Kilimanjaro. Source: X (formerly Twitter) Kweks (not his real name) crowdfunded over $1,700 in Bitcoin (0.0018 BTC) to cover the costs
The Chicago Mercantile Exchange (CME), a regulated derivatives exchange that lists Bitcoin (BTC) futures, now stands just behind Binance in terms of notional open interest to rank second in the list of BTC futures exchanges. The CME’s open interest hit $3.58 billion on Oct. 30, pushing the regulated derivatives exchange platform to jump two positions
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Historians are fascinated by the outbreak of the first world war. How could the assassination of an Austrian archduke in Sarajevo in June 1914 have led, just a few weeks later, to a conflict that
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. A newly elected far right German politician has been arrested for sedition and possession of Nazi materials after a tense manhunt over the weekend. Daniel Halemba, 22, had been due to take up his seat
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK mortgage approvals sank in September to the lowest since January 2023 while money supply contracted further, according to official data that reflects the impact of high interest rates on lending days before the Bank
The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan. The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the United Kingdom’s
A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations. UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 terawatt-hours of electricity. During this timeframe,
Thailand’s Kasikornbank — one of the largest banks in the country — is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto exchange Satang. Kasikornbank, also known as KBank, acquired 97% of shares in the operator of Thailand’s Satang crypto exchange, according to an announcement published on Oct. 30 on
A video screengrab shows pro-Palestinian protesters storming the airport in Makhachkala © via REUTERS Russian police have arrested 60 people after an angry antisemitic mob stormed an airport in the southern city of Makhachkala on Monday, some waving Palestinian flags and searching for Jews among passengers on a flight from Tel Aviv on Sunday. Police
Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come. As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000. The highest weekly close since early May 2022 is the latest achievement for bulls, and so far, bid support has allowed