The developers at Tether are in the process of preparing the release of innovative JavaScript libraries. These libraries are specifically created to facilitate the transmission of commands and signals to Bitcoin (BTC) mining hardware, encompassing popular devices like WhatsMiner, AvalonMiner and Antminer. As per a post shared on August 5 by Paolo Ardoino, the chief
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Dubai-based property developer Damac plans to buy London office space for the first time in a bet the struggling market will bounce back. The luxury group, known for developing Donald Trump’s golf course in Dubai, aims to snap up the offices at bargain prices and turn them into plush places to work that meet ESG
It has been 15 months since Italy impounded the Scheherazade, a $700mn superyacht linked to Vladimir Putin. But the time the yacht has spent sitting in the Tuscan port of Marina di Carrara has not been wasted: Italy has allowed its unnamed, but sanctioned, owner to pay not just for its staff and maintenance, but
Thousands of leaseholders in low-rise blocks of flats in England are facing large bills to replace cladding and correct other fire-safety defects after being excluded from legislation that capped the amount residents have to contribute to remedial works six years after the Grenfell fire disaster. Campaign group End Our Cladding Scandal has raised concerns with
Over breakfast in late June at the five-star Hotel Amigo in Brussels, the most powerful leaders of the EU began in earnest their discussions on how to bring Ukraine into the club. The heads of governments of the EU’s 10 largest states by population, including France, Germany, Poland and Romania, chewed over the myriad ways
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An influential South Korean lawmaker has strongly criticised Washington’s interventions in the global semiconductor industry, in a sign of the disquiet in Seoul over US efforts to corral Asian allies into its economic security agenda. Yang Hyang-ja, a former chip engineer and Samsung executive who chaired a ruling party committee on South Korea’s semiconductor competitiveness
China’s biggest mutual funds are nearing government limits on offshore investment, as they seek higher returns elsewhere against a backdrop of slower growth at home. China’s so-called Qualified Domestic Institutional Investor scheme, introduced in 2006, allows banks, brokerages and asset managers to bypass the country’s strict capital controls and buy securities abroad. Beijing has steadily
Chinese authorities are putting pressure on prominent local economists to avoid discussing negative trends such as deflation, as concerns mount about Beijing’s ability to boost a flagging recovery in the world’s second-biggest economy. Multiple local brokerage analysts and researchers at leading universities as well as state-run think-tanks said they had been instructed by regulators, their
Top Stories This Week The decentralized finance (DeFi) ecosystem experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks. This attack exposed vulnerabilities across DeFi projects and sparked efforts to recover stolen funds over the past few days,
In its July 2023 Market Update, Midtown-based brokerage Elegran described the Manhattan and Brooklyn markets as “neutral, where neither buyers nor sellers have a significant advantage.” While decreasing supply and a sharp decline in median listing discounts may point toward a seller’s market, a retreating demand and median price per square foot favor buyers. Just
NatWest has begun to sound out potential permanent successors to former chief executive Dame Alison Rose, but any appointment will only be made once the UK bank has installed a new chair, according to multiple people with knowledge of the process. The bank was already on the hunt for a successor to chair Sir Howard
Berkshire Hathaway’s cash and investments in short-term Treasuries surged to $147bn at the end of the second quarter, underscoring Warren Buffett’s faith in the backbone of global financial markets despite the rocky political climate in Washington. The sprawling conglomerate — which owns the BNSF railroad and Geico insurer — increased the holdings by nearly $17bn
At the beginning of August, CrowdStreet CEO Tore Steen stepped down amid fire after more than $50 million went missing, as reported in Bisnow. The funds had been raised for deals in Atlanta and Miami by New York real estate firm Nightingale Properties, and they never closed. Both the Atlanta and Miami entities filed for
Welcome back. Russia’s foreign ministry says an African version of the propaganda outlet Sputnik is now available as a smartphone app “for all those tired of the one-sided and biased western-centred coverage of all things Africa”. This shows how seriously the Kremlin takes the battle for public opinion in non-western parts of the world. With
A Ukrainian naval drone has struck a Russian oil tanker in the Kerch Strait near Crimea, in the latest in a series of bold strikes that signal Kyiv’s use of unmanned vehicles is becoming more aggressive and effective. The attack on the vessel took place early on Saturday morning according to Russian reports and a
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A shaky video posted online shows a drone swooping between the skyscrapers of the Moscow City business complex before exploding into the side of a glass tower. As a ball of fire erupts, a woman filming the scene screams: “We’re leaving tomorrow! We’re not staying here!” The attack on Russia’s capital on July 30 was
The classic buy and hold, or HODL approach to Bitcoin (BTC) outperformed the majority of crypto funds by 68.8% in the first half (H1) of 2023. According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half of 2023 (Jan.1 to June 30) ,
More than half a decade before its latest rebranding, I gave a speech in Berlin about environmental, social and governance investing. Unlike my infamous “Miami under water” presentation last year — which stated the bleeding obvious, I thought — this one was deliberately provocative. It forewarned that ESG (as a desired output of investing, not
Clop, a Russian-speaking hacking group specialising in ransomware, has its own website. Yes, this is a thing — criminals openly encouraging their victims to negotiate a ransom for the return of their data as though it were a legitimate commercial deal. Using language that is both business-like and chilling, it urges users to open a dialogue, stating