Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spending on temporary workers and consultants has increased across many UK government departments, sparking accusations that Whitehall has failed to invest in skills across the civil service. The number of temporary staff and consultants employed
There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts. In an Oct. 31 tweet directed at senior Bloomberg ETF analysts James Seyffart and Eric Balchunas, ETF commentator Dave Nadig posed whether
10/30/2023, 11:52:14 PM What to watch in Asia today George Russell in Hong Kong Events: Many Asia-Pacific cities celebrate Halloween, but Seoul will be cautiously marking a year since a surge of revellers resulted in 151 deaths and more than 80 injuries. Tokyo’s busy Shibuya district has imposed a policy of no alcohol in the
Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to. The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge fund manager Paul Tudor Jones, where he made comparisons between Bitcoin and gold
Crypto exchange-traded products (ETPs) saw their largest weekly inflows in more than a year, according to an Oct. 30 report from asset management platform CoinShares. Inflows were $326 million for the week ending Oct. 27, dwarfing the $66 million recorded over the previous week. Digital asset investment products saw inflows of US$326m, the largest single
The recent gains are a rare sight in 2023, even considering Bitcoin’s impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase. Deribit BTC options daily volume, in BTC. Source: Deribit It’s worth
Municipals were slightly weaker in spots, U.S. Treasury yields rose while equities made gains to kick off the FOMC-driven week. While most analysts do not expect the Fed to raise rates this week, uncertainty over December looms and volatility in U.S. Treasuries continues, moves that have mostly taken municipals along for the ride to higher
The Puerto Rico Oversight Board defended its proposed supplemental disclosure statement and plan of adjustment in a court filing, and asked the judge to dismiss objections claiming the plan was unconfirmable. The board asked the United States District Court for the District of Puerto Rico to reject the challenges made in mid-October by GoldenTree Asset
Overdue and over budget, a project to redevelop Connecticut’s New London Pier into an offshore wind energy hub for projects along the Atlantic coast is nearly complete. Its first shipments, components for a project in the Long Island Sound, are set to leave port early Tuesday. Launched in 2020 with an original price tag of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Social media platform X, formerly known as Twitter, has valued its equity at $19bn, the company told employees, a year after Elon Musk acquired it in a $44bn deal. In an internal note sent to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of mourners have flocked to Li Keqiang’s childhood home to pay their respects to a reformist politician many saw as the “people’s premier”, creating a potential political challenge for Chinese president Xi Jinping. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A British Conservative MP has been sacked from his role as a ministerial aide after breaking ranks with the government by calling for a ceasefire in Israel and Gaza. Paul Bristow was fired as a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli prime minister Benjamin Netanyahu sought to convince European leaders to put pressure on Egypt into accepting refugees from Gaza, according to people briefed on the discussions. The idea, which he put forward in meetings with
Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course. However, the path higher may not be easy.
Texas Sen. Ted Cruz has said he will challenge more than $5.5 billion of federal transportation grants after the U.S. Government Accountability Office agreed with him that the grant criteria should be subject to Congressional approval. The GAO on Oct. 18 issued an eight-page ruling that found that the U.S. Department of Transportation’s Multimodal discretionary
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The conflict in Israel threatens much in the region and beyond. Rising tensions and security concerns also have potential repercussions on the country’s ambitions to grow its natural gas exports. In the space of little
Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress. In the latest on-the-ground video documentary from Cointelegraph, global reporter Joe Hall investigates the remittances market, cash economies, and the challenges and opportunities faced by small island nations worldwide. [embedded content] Cape Verde, officially the Republic
The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day moving average and 200-day moving average on the daily timeframe. Liquidity maps
Against the backdrop of a big state-funded property tax cut and with a bond guarantee program fully back in business, Texas public school districts are asking voters for almost $18 billion of debt Nov. 7. That accounts for the lion’s share of the $28.48 billion of bonds in 218 measures on Texas ballots, according to
Decentralized crypto exchange PancakeSwap now has portfolio manager functionality, according to an Oct. 30 announcement. The feature has been added in partnership with decentralized finance (DeFi) protocol Bril Finance. The new feature allows PancakeSwap users to deposit tokens into single-asset vaults via the exchange’s user interface. Once the tokens are deposited, they go into a
Analysts are certain the Federal Open Market Committee will not increase rates at the meeting that ends Wednesday, but the December meeting is still in play for the last 25 basis point rate hike that was predicted by the panel’s Summary of Economic Projections. The final 2023 meeting remains in play, according to Tony Welch,