The United Kingdom has emerged as a major cryptocurrency economy worldwide and the biggest crypto country in terms of raw transaction volume in Central, Northern and Western Europe (CNWE), according to a new study. The blockchain analytics firm Chainalysis on Oct. 18 released two new chapters of its 2023 Geography of Cryptocurrency report, including its
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Ethereum restaking — proposed by middleware protocol EigenLayer — is a controversial innovation over the past year that has some of the brightest minds worried about the potential ramifications. Restaking involves reusing staked or locked-up Ether tokens to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. Proponents believe
Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.” In an X thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground. Analysis: Enduring Bitcoin support “a great sign” Bitcoin is wedged between the 200-week simple moving
M. Elizabeth Walker and Jerimi J. Ullom have joined law firm Barnes & Thornburg’s Indianapolis office as healthcare and public finance partners. The pair moved over from national healthcare-focused Hall Render after more than 15 years there, according to Barnes & Thornburg. “Elizabeth and Jerimi’s legal prowess in the nonprofit healthcare financing arena is a
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters Mortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995. Total application volume fell 6.9% compared with
Puerto Rico Gov. Pedro Pierluisi announced Tuesday the privatization of four Puerto Rico highways Tuesday, a deal that will lead to the paying off the $1.6 billion of Puerto Rico Highways and Transportation Authority debt remaining after a 2022 restructuring. The U.S. District Court for Puerto Rico approved a HTA plan of adjustment in October,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Adidas rose 5 per cent on Wednesday after the company raised its full-year guidance for the second time in three months, indicating that the brand is recovering from its worst crisis in three
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley has reported a 9 per cent fall in third-quarter profits, as slower growth at the Wall Street bank’s juggernaut wealth management business was compounded by falling revenues in investment banking and trading. The
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation held steady in September at 6.7 per cent, maintaining pressure on the Bank of England to hold firm in its efforts to curb price growth. The rate of consumer price inflation had been
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US president Joe Biden landed in Israel on Wednesday amid a storm of recriminations over an explosion at a hospital in Gaza that, according to Palestinian officials, killed hundreds of people and inflamed tensions in
The IDF said that a misfired rocket launched by Palestinian Islamic Jihad, a Gaza-based militant group, is responsible for the explosion at a hospital in the strip that Palestinian authorities said has killed “hundreds”. Army spokesman Daniel Hagari said an IDF probe concluded that a rocket launched from a cemetery near the hospital just prior
Staying in a 5-star hotel is quite the sensory experience. The look, the feel, the smell, the sound (or lack thereof) can create a bedroom environment that you never want to leave. However, you can recreate the same level of lavishness at home. Jay Kallos, SVP of architecture at Ashton Woods in Atlanta, GA, tells
When Hamas released a clip of Mia Shem, the first video it has published of any of the dozens of hostages its militants took when they rampaged through southern Israel last week, the sign of life brought a slim ray of hope for her family that she might yet come back. But for relatives of
Western support for Israel’s assault on Gaza has poisoned efforts to build consensus with significant developing countries on condemning Russia’s war against Ukraine, officials and diplomats have warned. The reaction to the October 7 attack on Israel by Islamist militant group Hamas and to Israel’s vow to hit back against Gaza has undone months of
Joe Biden was betting that a whirlwind visit to the Middle East this week could help prevent the conflict between Israel and Gaza from spreading across the region, temper its ally’s response to the Hamas attacks and soothe fears in Arab capitals of a widening conflagration. It was a diplomatic mission fraught with risk, and
The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has seen a surge in growth this year as Ether (ETH) holders chose to stake rather than liquidate. Despite ETH withdrawals being enabled with the Ethereum Shapella upgrade in April 2023, an Oct. 16 LSDFi report from crypto data aggregator CoinGecko said the sector has grown by
Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.” The Community
Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the blockchain, has confirmed the launch of its mainnet. The team behind Scroll announced the launch in an Oct. 17 post and added that existing applications and developer tool kits on Ethereum can now migrate to the new scaling
Lockheed Martin executives are “optimistic” about the US providing additional funding for several geopolitical hotspots as Congress is embroiled in fights over the House speakership and the domestic budget. In any budget scenario, “there continues to be the option for supplemental requests related to support Ukraine, Israel and potentially Taiwan,” chief executive Jim Taiclet told
College towns, energy industry towns, Midwest and Northeast cities dominated rent price increases last month while Sunbelt rent growth that soared during the pandemic succumbed further to a heavy spate of construction. Twin Texas cities Midland and Odessa led the list of 20 smaller cities Dallas-area apartment software firm RealPage analyzed, posting rent growth of
The city of Fishers, Indiana, is planning a $170 million lease rental revenue bond sale to finance construction of an arena for a minor league hockey team, a move that sparked a downgrade to the city. The Fishers Town Hall Building Corp. is on the calendar this week to price $160 million of tax-exempt Series