The Securities and Exchange Commission has issued exemptive relief for 144A eligible fixed income participants under its Rule 15c2-11, which may impact the edges of the municipal market. Municipal securities are generally exempt from Rule 15c2-11 but the exemption will still have an effect on those “municipal adjacent” securities with corporate CUSIPs that sometimes trade
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boris Johnson believed the UK should “let old people” contract Covid-19 to protect the economy and young people from strict lockdown measures during the pandemic, according to the government’s former chief scientific adviser. In diary
Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States. Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31. The new licenses, granted by the New Hampshire Banking Department
From his childhood living in a ghetto on the east bank of the Yamuna river in Dehli to launching the $6-billion Polygon blockchain, Sandeep Nailwal has an incredible rags-to-riches tale. Now happily ensconced in the futuristic, air-conditioned cityscape of Dubai, he tells Magazine he was born in a farming village in 1987 with no electricity
It’s been noted the pandemic accelerated technology adoption, producing changes in months that otherwise might have taken a decade. Among the advancements propelled in that era was virtual staging, a convenience that enabled homes to continue selling during the lockdown. Like a number of other Covid-era movements, virtual staging has hung on following resumption of
Transcription: Keeley Webster (00:03):Hello, I am Keeley Webster here with another Bond Buyer podcast. Today I will be providing some insight into California Treasurer Ma’s run for Lieutenant Governor ahead of our broadcast of a fireside chat she did with Wells Fargo director Julia Kim at the California Public Finance Conference. Ma announced in June,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The aspirations and frustrations of the white-collar worker have been depicted by great fictional characters in novels and on the screen, notably Bartleby, the Scrivener, Revolutionary Road’s Frank Wheeler and The Office’s David Brent. To
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Odey Asset Management is to close five months after allegations of sexual assault and harassment against its founder Crispin Odey plunged one of London’s oldest hedge fund groups into crisis. “Odey Asset Management, including Brook
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Without looking it up, can readers of this newspaper name the chief diplomat of the EU? Or, to stand on ceremony for a moment, the “high representative for foreign affairs and security policy”? Can even one
Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023. Warren Buffett’s “crypto bet” up $130 million in 2023 The “Oracle of Omaha” purchased 107 million shares of Nu Holdings, a Brazil-based fintech company and owner of
A lot of No. 1 hits come out of Nashville, Tennessee’s country music industry each year. But Music City accomplished a feat of its own by ranking as the best overall real estate investment prospect for the third consecutive year while Florida cities lost some of their luster as development across the country slows and
In the shadowy corners of the digital world, where the glow of computer screens illuminates faces with eerie light, there exist tales of lost fortunes. These tales act as a terrifying reminder of the unpredictable nature and volatility present in the cryptocurrency markets and the need to adopt stringent security measures. 1. James Howells and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The collapse of cryptocurrency exchange giant FTX marked the depths of the crypto downturn. Yet the ensuing trial of founder Sam Bankman-Fried, accused of defrauding customers, has not dragged crypto prices down further. Despite negative
Bitcoin (BTC) has netted another adoption goal. Botev Plovdiv FC, Bulgaria’s oldest football club, has adopted Bitcoin and Lightning Network payments, as well as joining decentralized protocol, Nostr. Plovdiv’s stadium accommodates 18,000 people. Source: Manolov Effective immediately, fans can utilize Bitcoin for peer-to-peer payments at Botev Plovdiv FC’s fan shops and stands during matches in the
Supply and demand dynamics could mitigate concerns of a potential Bitcoin (BTC) market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn. The co-founder of the Netherlands-based cryptocurrency exchange weighed in on Bitcoin-related market movements in conversation with Cointelegraph during the European Blockchain Convention held in Barcelona. Related: There
Digital asset manager Valkyrie Investments is the latest firm to amend its spot Bitcoin (BTC) exchange-traded fund (ETF) filing with United States securities regulators. Valkyrie filed an updated spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC) on Oct. 30, according to the SEC database. The updated form S-1 registration statement for the Valkyrie
The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run. Pal, in
Bitcoin (BTC) has more wallet addresses in profit than ever before despite BTC price being 50% below all-time highs. The latest data from on-chain analytics firm Glassnode shows a record number of addresses “in the black.” $34,000 BTC price returns over 80% of Bitcoin addresses to profit Bitcoin may be nearing 18-month highs, but its
A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited for roughly $560,000 in various memecoins from users. On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ongoing hack on Unibot that went undetected. An exploit on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel said on Tuesday that its troops had moved deeper into the Gaza Strip as it stepped up its assault on Hamas, hours after Prime Minister Benjamin Netanyahu rejected calls for a ceasefire and said
“Today is a good day,” declares Graeme Watters, as he watches the 114 turbines at the giant Seagreen wind farm rotate. It is mid-October, and the project that began off Scotland’s east coast almost 14 years before is now fully operational. Seagreen, a joint venture between French group TotalEnergies and SSE Renewables, a division of