Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO of Coinbase also said he will issue an update on his ongoing $1 million-dollar
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Fox News goes on trial on Monday over some of its anchors’ and correspondents’ suggestions that voting-machine-maker Dominion helped fix the last US presidential election for Joe Biden. The Delaware judge has already made one major ruling: “None of the statements relating to Dominion about the 2020 election are true.” Now Dominion needs only prove
Bitcoin (BTC) price action is right on track when it comes to sealing new all-time highs, new data suggests. A suite of price metrics from on-chain analytics firm Glassnode released on April 11 hints that Bitcoin’s current halving cycle is playing out in classic style. BTC price closely resembles prior halving cycles With BTC/USD up
The much-awaited Shapella update on Ethereum has gone live, paving the way for new features such as the unstaking of Ether (ETH). Members of the community celebrated with various responses to the newest update in the Ethereum ecosystem. Shapella is a term used by the community that blends together “Shanghai” and “Capella,” the upgrades that
When inflation in advanced economies is tamed, real interest rates are likely to drop to pre-pandemic levels, the latest International Monetary Fund (IMF) blog post has said. According to the authors of the blog post, the transition to a “cleaner economy in a budget-neutral way” could result in lower rates in the medium term. Recent
Popular social media platform Twitter is reportedly set to introduce a new feature that will allow users of the platform to trade cryptocurrencies and stocks. The new feature is being launched in partnership with fintech firm eToro, as reported by CNBC. Twitter users will be able to browse market charts for a wider variety of financial instruments
European stocks made moderate gains at the open on Thursday after the Federal Reserve predicted the US economy would go through a “mild recession”. The region-wide Stoxx 600 rose 0.3 per cent, Germany’s Dax was up 0.2 per cent, France’s Cac 40 added 1 per cent and London’s FTSE 100 was flat. Traders took heart
SoftBank’s decision to sell its South Korea-based venture capital arm to a company recently founded by the brother of its chief executive Masayoshi Son has drawn criticism from analysts over governance standards at the tech conglomerate. The Japanese group said it had taken appropriate governance measures over the deal, but sellside analysts and governance experts
According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari
Bitcoin (BTC) miners have pocketed over $5 million from creating nonfungible token (NFT)-like inscriptions using the Ordinals protocol. Transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to 5.2 million by April 12, according to Dune Analytics data. The rise came on the back of a rather slow period between Feb.
By now the US Treasury market’s unnerving fragility back in 2020 has been pretty comprehensively dissected. But the Office of Financial Research last week published an interesting new take on one of the freakiest financial mishaps of the past decade. For people blissfully unaware of what happened, in March 2020 Treasuries went from being an
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices
Getting our heads around large numbers can be hard. Few of us can comprehend the true scale of difference between a million, a billion and a trillion. But the events of recent months in the US may give us an incentive us to try. President Joe Biden has succeeded in passing three important acts that
The writer of this essay is an investor and co-author of the annual “State of AI” report On a cold evening in February I attended a dinner party at the home of an artificial intelligence researcher in London, along with a small group of experts in the field. He lives in a penthouse apartment at
EY’s UK bosses have told partners to prepare for a fresh cost-cutting plan and a stream of staff departures as they admitted to embarrassment at the collapse of the firm’s long-running attempt to split its global business in two. On a call with partners on Wednesday, Anna Anthony, UK managing partner for financial services, said:
We’re a curious bunch, us Brits. We boast two of the most revered and envied universities in the world, Oxford and Cambridge, which have educated huge numbers of global leaders, scientists and cultural figures, and produced all sorts of historically significant discoveries, theories and inventions. And yet calling someone “Oxbridge-educated”, in this country, is often seen
The writer is an FT contributing editor There is a clickbait argument that because the Federal Reserve has raised US interest rates so far and so fast, small banks — which provide almost 70 per cent of commercial real estate lending — are likely to see significant defaults, and when those loans go bad they
In October 2020, Zambia, struggling from an economic and financial crisis compounded by the Covid-19 pandemic, first missed an interest payment on its international bonds. Two and a half years later it remains in limbo, unable to resolve the default on most of its $31.6bn debts. That an impoverished and vulnerable country has for so
The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce CBDC consistent with appropriate standards, including the G7 public policy principle for retail CBDC,” said Japan’s Vice Minister
Cryptocurrency regulation tests aiming to help shape crypto laws in Zambia that simulate the real-world use of crypto are on track to finish by June. In an April 12 Reuters interview, Zambia’s innovation, science and technology minister, Felix Mutati, said the purpose of conducting the tests was to help the government “see what would happen
If rents continue to grow steadily, more residents will bite the bullet and purchase a property before paying higher prices for rent, Knight Frank’s Christine Li said. Fiftymm99 | Moment | Getty Images SINGAPORE — Foreign residents in Singapore continue to feel the pinch as home rental prices soar and show few signs of returning