Fiv years ago, you couldn’t trade with fiat currency on Binance, yet the exchange was already garnering international attention with the highest trading volumes among its peers. That’s no mean feat in the cryptocurrency industry, even in 2018, with several well-established exchanges commanding established and loyal user bases. Critics questioned why the world needed another
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. David Cameron was not a centrist, but he did a remarkably good job of playing one on television. For six years as prime minister, he successfully posed as a middle-of-the-road Boden dad. The reality —
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. US authorities thwarted a conspiracy to assassinate a Sikh separatist on American soil and issued a warning to India’s government over concerns it was involved in the plot, according to multiple people familiar with
The crypto community on social media has greeted the news of the deal between Binance, Changpeng “CZ” Zhao and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF). The $4.3 billion settlement between the DOJ
Bankrupt crypto lender Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini to recover $689 million in preferential transfers, according to a Nov. 21 court filing. The lawsuit alleges that during the 90-day period before Genesis filed for bankruptcy in January, Gemini withdrew an “aggregate gross amount of no less than approximately $689,302,000”
Creditors of Mt. Gox, a now-defunct Bitcoin (BTC) exchange that lost 850,000 BTC to a hack in 2014, have reportedly received a new email hinting at soon-to-come repayments. Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, on Nov. 21 started sending out emails to rehabilitation creditors regarding the commencement of repayment, according
11/22/2023, 8:11:44 AM What businesses want from Jeremy Hunt Oliver Ralph For lobbyists, set piece financial announcements are a great opportunity to push the government for specific measures, and this year’s Autumn Statement has been no different. Here is what the main business lobby groups have on their wish lists: The Federation of Small Business
A former Facebook executive, an AI researcher, a tech entrepreneur and a computer scientist were the four OpenAI kingmakers who plunged the start-up into crisis last week when they fired its chief executive. The abrupt decision by board members Adam D’Angelo, Helen Toner, Tasha McCauley and Ilya Sutskever to oust Sam Altman set off a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ousted OpenAI chief Sam Altman is poised to return to run the company under the supervision of a new board, following days of speculation and turmoil at the leading generative artificial intelligence start-up. In a
Bitcoin’s (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%. Bitcoin dominance. Source: Coinmarketcap.com However, a closer analysis suggests that the concept of “Bitcoin dominance” might not be as informative as it seems, especially when considering the broader dynamics
A wrought-iron door guards the address near Central Park where Guzel Ganieva lives on the upper floors of a townhouse dating from the Gilded Age. On a winter morning two years ago, the doorman stationed there took a hard look at two uninvited guests. The visitors, a man and a woman, wore the thousand-yard stare
US President Joe Biden was leaving a White House event on the climate crisis on November 14 when he turned to answer a question about the state of talks to free hostages being held in Gaza. “I’ve been talking with the people involved every single day,” Biden told reporters. His message to the families? “Hang
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Home Office is examining a package of measures to cut legal migration to Britain and reduce the “abuse” of work visas, as it seeks to reassure the public it has a grip on immigration.
Executives from crypto asset manager Grayscale have met with the Securities and Exchange Commission to discuss details of its flagship Bitcoin (BTC) trust, which the firm wants to convert to a spot Bitcoin exchange-traded fund (ETF). A Nov. 20 SEC memo disclosed Grayscale CEO Michael Sonnenshein, legal chief Craig Salm, ETF head Dave LaValle and
Israel and Hamas have agreed a deal for the staggered release of 50 civilians held hostage in Gaza in exchange for some Palestinian prisoners and a four-day halt to hostilities. In a statement, the Israeli prime minister’s office said it had approved a deal that would see a four-day “pause in fighting” to facilitate the
After 45 days of devastating war, Israel and Hamas have agreed a hostage deal and a pause in hostilities, marking the most significant diplomatic breakthrough of the bloody conflict. The agreement was finalised early on Wednesday after weeks of complex negotiations brokered by Qatar, with input from the US and Egypt. It is expected to
11/22/2023, 3:51:45 AM South Korea suspends military agreement with Pyongyang after North launches spy satellite Christian Davies in Seoul South Korea will partially suspend a 2018 military agreement with its northern counterpart that sought to reduce the risk of armed conflict, after Pyongyang said it had “successfully” launched a military spy satellite into orbit for
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Nati Harnik | AP Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter that the conglomerate is “built
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Binance chief executive Changpeng Zhao has resigned and pleaded guilty to a US criminal charge of failure to protect against money laundering after federal prosecutors unveiled a sweeping case against the world’s largest cryptocurrency exchange.
Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement with Binance and that former Binance CEO Changpeng Zhao will plead guilty to one felony charge as part of a settlement over