The rouble sank to its lowest level against the dollar since the aftermath of Russia’s full-scale invasion of Ukraine on Thursday, as the repercussions of Wagner’s aborted insurrection heap further pressure on a currency already groaning under the weight of western sanctions. The Russian currency has lost a third of its value since December, trading
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Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method that allows one party to prove to another party that something is true without revealing any information. The technology is vital for Ethereum layer-2 solutions to achieve blockchain scalability, and to the privacy and
Dressed in double denim, thick-rimmed black glasses and shiny leather boots, Mujinga Tshikuta Asamoah bears few signs of the hardship he endured as a child. From as young as 14 years old, he went down narrow holes as deep as 25 metres, carried 50kg bags and washed ore to produce the cobalt essential to the
Another day, another asset manager jostling for a bigger slice of the investment industry’s hottest neighbourhood. From MainFT’s new hedge fund correspondent Costas Mourselas: Hedge fund manager Man Group has acquired a controlling stake in $11.8bn credit fund Varagon Capital Partners, signalling its ambitions to grow in the private credit market. The group paid $183mn
A top official at the US central bank has called on the Federal Reserve to immediately resume raising interest rates after forgoing an increase last month, citing scant evidence that inflationary pressures are easing as needed. Lorie Logan, president of the Dallas Fed and a voting member this year on the Federal Open Market Committee,
Ether (ETH) price faced resistance after hitting the $1,970 level on July 3. A number of factors capped the rally, including higher odds of more interest rate hikes in the coming months and a tighter regulatory cryptocurrency environment. Macro headwinds from the Fed Besides the external factors, the Ethereum network has faced withdrawals from its
The UK government has lost its legal challenge over the Covid-19 inquiry’s request for Boris Johnson’s unredacted WhatsApp messages, notebooks and diaries, paving the way for a wider release of sensitive government communications from the pandemic period. The Cabinet Office had refused to supply the documents, arguing that some of the material the inquiry had
For decades, the economics consensus has been that fiscal and monetary policy should be largely separate. Governments should provide public services, foster an acceptable distribution of resources and ensure the sustainability of their public finances. Central banks should then set interest rates to maintain price stability. It is a neat and tidy model. The principal
Namibia has joined other African nations in embracing cryptocurrencies and digital assets by approving a bill in the National Assembly. The bill, which passed Namibia’s lower house of parliament on June 22, aims to regulate digital assets, cryptocurrencies and virtual asset service providers (VASPs) in the country. The legislation aims to establish a framework for licensing
The exterior of Sweetgreen’s Naperville location Source: Sweetgreen Check out the companies making headlines before the bell: JetBlue Airways — JetBlue Airways declined 1.3% in premarket trading after the company said it would end its partnership in the northeastern U.S. with American Airlines and focus on Spirit Airlines. Shares of American Airlines declined about 0.9%,
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week hit their highest level since the end of May, which in turn weighed on mortgage demand. Total mortgage application volume dropped 4.4% last week compared with the previous
During the second quarter of 2023, New York City’s real estate market has been as volatile as our stock market. While the market for ultra-luxury apartments, both condo and co-op, has remained slow, the smaller units, which were having a run in April and much of May, have now sunk into the doldrums as well.
Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen. Data shared with Cointelegraph highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club NFTs as well as
Last Saturday evening, I went out to the eastern Parisian suburb of Bagnolet to watch the riots. The night before, demonstrators had burnt a wall of the local police station. The image spread across social media. Working-class Bagnolet had elected communist mayors from 1928 until 2014. Today, like most Parisian suburbs, it’s inhabited by an
Russian warlord Yevgeny Prigozhin has been spending time in Russia, Belarusian president Alexander Lukashenko said, despite a peace deal with Moscow under which he had agreed to relocate to Belarus. Prigozhin’s Wagner Group fighters had also not been transferred as the deal specified, Lukashenko claimed, while suggesting the mercenary leader was unlikely to face repercussions
The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin mining destination in the Middle East. The region in the Middle East has established itself as a pro-Web3 destination for crypto-focused companies with 30 free trade zones in the country and by 2023, the region has slowly climbed up in the
Bitcoin (BTC) reached new 2023 highs on July 6 as a fresh bounce off key support buoyed bulls. Bitcoin analyst warns of “predatory range” Data from Cointelegraph Markets Pro and TradingView showed BTC price action surging through the top of its recent trading range. Analysts had previously reckoned on the largest cryptocurrency dropping further, potentially
Binance cryptocurrency exchange is preparing for another upgrade of its wallet infrastructure, warning users about the upcoming address migration. On July 6, Binance officially announced that it will be retiring selected deposit addresses in batches as part of a network address migration scheduled for Q3 2023. Binance’s latest wallet upgrade will affect a total of
European stocks fell and yields on US government debt rose on Thursday after minutes from the Federal Reserve’s last policy meeting indicated the central bank would resume interest rate increases to stamp out high US inflation. The pan-European Stoxx 600 lost 1.2 per cent, edging towards its lowest point since May, while France’s Cac 40
Ukraine’s president has vowed to retaliate after a Russian missile attack on Lviv in the early hours of Thursday killed at least four people, destroyed apartment buildings and shattered the relative calm in the western city that sits near the EU border. “There will definitely be a response to the enemy. A strong one,” Volodymyr Zelenskyy wrote
Barking with community-driven enthusiasm and bone-rattling potential, dog-themed coins are forming a pack on the stage of emerging digital assets. In recent years, the cryptocurrency world has witnessed a surge in the popularity of dog-themed digital assets. These endearing tokens, which drew inspiration from the popular Doge meme, have swept the cryptocurrency industry by storm,