The conventional wisdom of the cryptoverse is that there is a boom-and-bust cycle to the blockchain and cryptocurrency industry. This cycle is led by the “King of Cryptos,” Bitcoin. Bitcoin (BTC) is programmatically set to have a halving cycle roughly every four years, which cuts the supply of new coins awarded to miners in half.
After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19. Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community. With 99% of the vote counted on Sunday, Nov. 19, Milei
A Bitcoin user paid 83.7 Bitcoin (BTC), worth $3.1 million, in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the eight-highest in Bitcoin’s 14-year history. The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 on Nov. 23, only to pay more than half the actual value in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Net migration to the UK hit a record 745,000 last year — 139,000 higher than previously estimated — with big increases in non-EU nationals coming for work, the Office for National Statistics said on Thursday.
Tron founder Justin Sun’s crypto businesses have come under repeated attack from hackers over the past two months, with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur. Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is founder of Sifted, an FT-backed site about European start-ups The failings of OpenAI’s corporate governance regime have been laid brutally bare in recent days. On Friday, the four independent board members of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Virgin Money has missed profit expectations as it made a bigger than expected provision for bad loans to account for rising credit card arrears owing to the cost of living crisis. The challenger bank reported
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I was chatting with my teenage daughter the other day when she mentioned climate change. Inevitably, it causes her anxiety. She will probably live to see many coastal cities go under, countries become too hot
Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine. BTC/USD 1-hour chart. Source: TradingView Bitcoin analysis: “Something is cooking” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength making a striking comeback to top out at $37,870. A subsequent cooling
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has left a £20bn hole in the budgets of strained public services by favouring tax cuts over higher public spending in his Autumn Statement, the fiscal watchdog said on Thursday. Richard Hughes, head
On a recent Saturday evening, the grand old railway station in the western Ukrainian city of Lviv was a sea of khaki. Soldiers of all ages milled around the central hall, saying goodbye to parents, children, grandchildren, lovers. All the while, units back from the front streamed out into the rain. One young vet had
When OpenAI announced Sam Altman’s return to the helm on Tuesday evening, an impromptu party broke out at the company’s San Francisco offices. As staff celebrated the reinstatement of the co-founder who was dramatically sacked just four days earlier, investors in the company and other tech leaders rushed to offer their support to Altman, with
Benjamin Netanyahu pledged to achieve two things when he launched a ground invasion of Gaza in response to Hamas’s deadly October 7 attack on Israel: to destroy the militant group and free the 240 hostages captured as its fighters rampaged through the south of the country. But even as Israel began inching towards one of
Donald Trump is planning to gut US President Joe Biden’s landmark climate law, increase investment in fossil fuels and roll back regulations aimed at accelerating the transition to electric vehicles if he is elected next year. Senior campaign officials and advisers to the former president said he would seek to radically overhaul US climate and
Binance’s $4.3 billion settlement with the United States was the final hurdle before the country’s securities regulator approves spot Bitcoin exchange-traded funds (ETFs), many industry watchers claim. The settlement involved Binance agreeing to Justice Department and Treasury compliance monitors for up to five years, allowing the agencies sweeping powers to keep the exchange in line
The director of Netflix’s sci-fi series Conquest reportedly used $4 million from the show’s budget to bet on Dogecoin (DOGE) and made $27 million in the process. Now the director, Carl Erik Rinsch, wants another $14 million from Netflix, according to a Nov. 22 report in The New York Times citing a confidential arbitration proceeding.
FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction. In a Nov. 21 mandate, the U.S. Court of Appeals for the Second Circuit said Bankman-Fried’s previous attempts to tamper with two witnesses while
Dutch far-right leader Geert Wilders is on course to win the most votes in parliamentary elections on Wednesday that were dominated by debate about rising immigration in the Netherlands, according to an exit poll. Wilders’ Freedom party is projected to win 35 seats, doubling its total, followed by a left-wing alliance led by the EU’s
As the year winds down, every gaming company and its dog are dropping year-in-review reports. A recent report from blockchain gaming accelerator Game7 suggests that many game developers had an enforced nap instead of pumping out new games. This year, just 223 Web3 games were launched which is a 65% drop from the 640 games
In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. In other news, game distributor
A firm tone and hearty appetite from investors was evident Wednesday as the municipal market prepared for a shortened week due to the Thanksgiving holiday. U.S. Treasuries were mixed and equities were better. The two-year muni-to-Treasury ratio Wednesday was at 63%, the three-year at 64%, the five-year at 65%, the 10-year at 67% and the