Britain may not be broken, to borrow an opposition slogan, but it is badly managed. Contrary to national myths, its civil service is not a Rolls-Royce institution and the NHS, its 75th anniversary marked with a church service, is not the envy of the world. There are two overarching themes behind the malaise — money
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If humanity were to amalgamate with artificial intelligence in the future, Bitcoin could be the native currency of choice for sentient machine intelligence, according to Tether CTO Paolo Ardoino. Ardoino delved into this hypothetical reality in conversation with Cointelegraph journalist Joseph Hall during an interview conducted during the Plan B Summer School in Lugano, Switzerland. Pick
Cryptocurrency-friendly bank DBS is cooperating with mainland China on the development of a new payment solution for the digital yuan, also known as e-CNY. DBS Bank China officially announced on July 5 the launch of the e-CNY merchant solution, allowing mainland businesses to receive payments in the central bank digital currency (CBDC). The new service
European stocks followed Asia lower on Wednesday, after service sector data from China fell below expectations, raising concerns that the world’s second-largest economy was struggling to recover after years of severe pandemic restrictions. Europe’s region-wide Stoxx 600 lost 0.4 per cent, dragged down by declines in basic materials and technology stocks, while France’s Cac 40
A lawyer leading the United Kingdom’s Law Commission’s review of the application of British laws toward digital assets has stressed the need for further clarity around cryptocurrency lending. Laura Burgoyne unpacked the details of the organization’s four major recommendations to the U.K. government in an interview with Cointelegraph. This comes after a lengthy review process of
Ukraine’s president Volodymyr Zelenskyy warned that Russia might be preparing to blow up part of the Zaporizhzhia nuclear power plant, the biggest such facility in Europe, as Kyiv’s military reported incremental gains in its southern and eastern counteroffensive. “The Russian military has placed objects resembling explosives on the roof of several power units of the
The Financial Conduct Authority has publicly confirmed its investigation into Crispin Odey and Odey Asset Management for the first time and defended its “intensive” oversight of the hedge fund group. In a letter to the Treasury select committee published on Wednesday, FCA chief executive Nikhil Rathi said that while there was a limit to how
Binance Australia is working with local authorities on meeting compliance requirements amid reports alleging that the company’s offices were searched on July 4. “We are cooperating with local authorities and Binance is focused on meeting local regulatory standards in order to serve our users in Australia in a fully compliant manner,” a spokesperson for Binance
Bitcoin (BTC) bulls face a tough task to bring BTC price action past $35,000, fresh analysis predicts. In its latest market update on July 5, trading firm QCP Capital flagged the mid-$30,000 range as a potential cooling-off point for the Bitcoin bull market. Bitcoin homes in on pot-FTX rally peak With BTC price stagnating around
The asset manager CVC has raised its largest fund aimed at jump-starting the market for securitising loans to junk-rated companies, in a sign that tight corporate lending conditions may be starting to ease. The $800mn fund, which will provide the equity needed to support $10bn in collateralised loan obligations, is the largest of its type
Estonia’s prime minister has warned western countries not to use bilateral security assurances to “blur” the debate over Ukraine’s bid for Nato membership ahead of the military alliance’s summit next week. Nato is divided over offering Ukraine a postwar pathway to membership at the summit in Vilnius next week. At the same time the US,
Xi Jinping personally warned Vladimir Putin against using nuclear weapons in Ukraine, indicating Beijing harbours concerns about Russia’s war even as it offers tacit backing to Moscow, according to western and Chinese officials. The face-to-face message was delivered during the Chinese president’s state visit to Moscow in March, the people added, one of Xi’s first
The writer is a science commentator The fizz may be about to go out of diet drinks. Next week, the International Agency for Research on Cancer, a research arm of the World Health Organization, is expected to list aspartame, an artificial sweetener 200 times sweeter than sugar and a staple of low-calorie drinks, as “possibly
Ukraine’s defence minister Oleksiy Reznikov was meeting US officials when he took a phone call from his top commander. Turning to his American visitors, Reznikov said: “I have good news for you. We downed a Kinzhal.” The Kinzhal was supposedly a fearsome Russian hypersonic missile which, Vladimir Putin boasted, flew so fast it could not
Visiting the London terminal of the Eurostar cross-Channel rail service, there is a clear sign of one way that changing circumstances have buffeted the operation. Four years ago, passengers were able to mill about in an open space near the gates leading to the security and passport checks at St Pancras International station. But, since
In today’s episode of let’s talk stocks, we will go into some technical analysis basics, and we’ll take a look at the cup and handle pattern. This can be both a reversal and a continuation pattern. We’ll talk about what the pattern looks like, it’s previous trend, volume, as well as some projections, entry points
Account abstraction, also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys. Speaking to Cointelegraph, the director of strategic initiatives at ConsenSys, Laura Shi, noted that the Ethereum and Web3 ecosystem has seen a strong expansion in Asia
7/5/2023, 2:25:00 AM South Korea to allow first new banks in three decades Song Jung-a in Seoul South Korea will allow new entrants to its banking sector for the first time in three decades to spur competition in the oligopolistic system, following hefty criticism over big bonuses paid to employees amid higher interest rates. The
Want to learn more about the VIX? Watch Kevin’s video “Trading the VIX: What You Need to Know”: https://www.youtube.com/watch?v=9isIKbziMYs IPATH SP 500 VIX SHORT-TERM FUTURES ETN: https://www.zacks.com/funds/etf/VXX/profile?cid=CS-YOUTUBE-FT-VID PROSHARES ULTRA VIX SHORT-TERM FUTURES: https://www.zacks.com/funds/etf/UVXY/profile?cid=CS-YOUTUBE-FT-VID VELOCITYSHARES DAILY 2X VIX SHORT-TERM: https://www.zacks.com/funds/etf/TVIX/profile?cid=CS-YOUTUBE-FT-VID CBOE: https://www.zacks.com/stock/quote/CBOE?cid=CS-YOUTUBE-FT-VID Vix: https://www.zacks.com/stock/quote/VIX?cid=CS-YOUTUBE-FT-VID VIX-based ETFs have some heavy gravity pulling their value down and this
Breakouts are like cheap tickets to a good movie. When they come out everyone wants them but only a few manage to get them. David Jones explains to the Trading 212 community how to see the early signs of a breakout and how to position yourself to jump in on a confirmed and more likely
Investors have spent almost $200mn trading theoretically worthless shares in Bed Bath & Beyond since the homewares retailer went bankrupt at the start of May, in the latest manifestation of the meme stock craze. Bed Bath & Beyond was one of a handful of unloved consumer brands that became popular with retail investors during the