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A top UK fund manager has defended domestic pension funds for cutting their exposure to London-listed stocks, warning that the City has fallen into the “backwater” of global equity markets. Nick Train, who co-founded investment firm Lindsell Train, which manages over £18bn, said that “the sad fact is you can understand pension fund asset allocators’
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On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution
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Donald Trump on Thursday became the first former president to be indicted in the near-250-year history of the US. Trump, who leads in polling to be the Republican candidate for president in 2024, was charged by a New York state grand jury following an investigation by Manhattan district prosecutors led by Alvin Bragg. Trump, 76,
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China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural Gas (LNG) with a French company using yuan as payment.
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Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology
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China’s non-manufacturing sector activity expanded at the fastest rate in more than a decade in March, but manufacturing growth dipped from the previous month in further signs of an uneven recovery as the economy struggles to emerge from the shadow of the pandemic. The National Bureau of Statistics non-manufacturing purchasing managers’ index, which includes the
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The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to
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I’m not sure people on my side of the Atlantic fully appreciate quite how much better off the average American is than the average European. A car-wash manager in Alabama can now earn $125,000, about 50 per cent more than the head of cyber security at the UK Treasury even after accounting for different living
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The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated at least $900,000 for personal use, including gambling.” SEC Charges Crypto Exchange Platform Beaxy The U.S. Securities
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