Bitcoin will gain political importance following Donald Trump and the Republicans’ United States election wins — and investors who don’t own the cryptocurrency can no longer ignore it, according to the New York Digital Investment Group (NYDIG). “While some investors have allocated to Bitcoin, the most common allocation for investors is still zero. There are
The Ethereum Name Service (ENS) token rose more than 10% as ENS Labs announced details of its new Ethereum layer-2 solution “Namechain.” Namechain is a purpose-built Ethereum layer-2 solution aimed at scaling blockchain identity by making it easier to register names at reduced costs via rollups, ENS Labs executives said in a presentation at the
Police officers stood around Adam Wellesley’s mother’s bedside as he kissed her goodbye. Two months earlier, the 83-year-old had been diagnosed with bone cancer. Unable to bear the pain, she had taken her own life earlier that day. Within hours of her passing, Wellesley and his sister were told they were under investigation for assisting
As Lehman Brothers hurtled towards bankruptcy in September 2008, the executives at the world’s largest derivatives exchange found themselves in a race against time: find a new home for the failed bank’s trading book or face more cascading chaos. In an early harbinger of a new era for markets, the winner of the bidding war
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thefts of packs of butter have highlighted the impact of skyrocketing inflation on Russia’s war economy. President Vladimir Putin’s splurge on arms and ammunition has helped Moscow to maintain an advantage on the battlefield in
Crypto traders betting on a market drop were hit with major liquidations as Bitcoin surged to an all-time high above $81,000, causing widespread losses in short positions. CoinGlass data showed that in the last 12 hours, about $180 million in short positions were liquidated across the crypto market. Bitcoin (BTC) has continued to rally in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank has fired 111 senior managers in its retail and private wealth unit as the division implements deep cost cuts to meet stretching 2025 targets. The Frankfurt-based bank is seeking to reduce the unit’s
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Years ago, a well-known Silicon Valley billionaire told me something I’ll never forget: “China is an autocracy, Europe is a technocracy and America is a company.” That statement has never felt truer to
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The re-election of Donald Trump as president of the US marks a new era in US and global politics. Eight years ago, his victory might have been viewed as an anomaly. This time,
Elon Musk’s role in delivering the US presidency for Donald Trump has given the world’s richest man a unique opportunity to reshape the federal government by placing his acolytes and allies inside the incoming administration. The billionaire’s influence continues after the election, with him joining Trump during a call with Volodymyr Zelenskyy, president of Ukraine,
Lingering consumer anger over high prices is hurting governments in advanced economies even though inflation is subsiding to normal levels, as a once-in-a-generation surge in costs leaves a toxic legacy for incumbent politicians. Discontent over the economy was a key motivator for Republican voters in this week’s US election, exit polling suggested — contributing to
Near Protocol has unveiled a crosschain AI agent in alpha that can launch memecoins in seconds and search the web to buy products for fiat. Additional functionality is coming soon that is expected to enable users to book flights or order takeaway food on Web2 sites. The NEAR.AI Assistant was launched by co-founder Illia Polusukhin
CryptoQuant CEO Ki Young Ju says Bitcoin may end the year under $59,000, citing an overheated futures market as one of the primary reasons for an end-of-year tumble. In a Nov. 9 post to X, Ki said he expects Bitcoin to close the year at $58,974 and asked others to speculate on the yearly close,
Haiti’s transitional council has removed the country’s interim prime minister, Garry Conille, amid an escalating gang war that a Kenya-led international police force has failed to quell. Conille, a former UN development official installed in May, will be replaced with Alix Didier Fils-Aimé, a local businessman who once ran for the senate. The announcement, made
Bitcoin has been on a roll this past week, rising above $81,000 on Nov. 10. Some analysts say the rally has just started and has a long way to go. Bitcoin analyst Tuur Demeester said in a post on X that “no rash action is needed, HODLing does the work for you.” Newbie traders may
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s allies have backed Florida Senator Rick Scott’s bid to be the party’s new leader in the upper chamber, seeking a loyalist to help push the president-elect’s agenda through Congress. The pro-Trump
Stay informed with free updates Simply sign up to the UK companies myFT Digest — delivered directly to your inbox. Big British companies from the London Stock Exchange Group to broadcaster ITV are set for an unexpected £700mn windfall after the UK won an appeal against a Brussels state aid clampdown that had forced London
In this article DIS HD HON WFC MS Follow your favorite stocksCREATE FREE ACCOUNT President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer
Edward Snowden, the privacy advocate and former National Security Agency (NSA) contractor, addressed decentralization during his appearance at Near’s Redacted conference in Bangkok, Thailand. Speaking on topics like cryptocurrencies, artificial intelligence and blockchain technology, Snowden also addressed the impact of venture capital (VC) on blockchain projects, using Solana as an example. He described Solana as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 200 bosses in the hospitality industry have warned Rachel Reeves that her national insurance tax increases will lead to “drastic” job cuts and business closures. The bosses, which include the heads of Fuller,
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Bitcoin has hit $80,000 for the first time as Donald Trump recorded victories in Nevada and Arizona in the US election, marking a clean sweep of the seven swing states for the president-elect