Crypto investment products registered their sixth consecutive week of outflows for the week ending Sept. 24. According to data from CoinShares, digital asset outflows from crypto investment products reached $9 million last week. Weekly crypto asset flows. Source: CoinShares Bitcoin (BTC) registered a third consecutive week of outflows, reaching $6 million in the past week.
Arbitrum, a major Layer 2 solution for the Ethereum blockchain, has officially added the unclaimed tokens from the Arbitrum airdrop to its network’s treasury. The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB) tokens to the Arbitrum’s decentralized autonomous organization (DAO) treasury on Sept. 24, the foundation announced on X (formerly Twitter). The foundation emphasized
What is latency in cryptocurrency trading? The term “latency” in cryptocurrency trading refers to the delay or lag in the amount of time it takes for data to move between two points in a trading system. Latency may significantly affect a trader’s capacity to carry out orders and make informed choices. To acquire a competitive
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. European stocks followed Asia lower on Monday, as fears over the health of China’s property sector aggravated investors’ concerns that global economic growth was slowing. Europe’s region-wide Stoxx Europe 600 fell 0.3 per cent at
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt
Bitcoin (BTC) starts the last week of September with a retest of $26,000 as a stubborn range persists. An unimpressive weekly close sets the tone for the culmination of a traditionally lackluster month for BTC price action. Having shaken off a hectic week of macroeconomic events, Bitcoin has plenty more to weather before September is
Receive free Artificial intelligence updates We’ll send you a myFT Daily Digest email rounding up the latest Artificial intelligence news every morning. Amazon plans to invest up to $4bn in artificial intelligence start-up Anthropic, as the big tech group steps up its rivalry with Microsoft, Google and Nvidia to persuade AI companies to use its
Blockchain sleuths have flagged several Ether (ETH) transactions from a wallet associated with Ethereum co-founder Vitalik Buterin in September 2023, totaling over $3.9 million. Separate blockchain monitoring profiles shared details of a 400 ETH transaction, worth an estimated $632,000, from Vitalik’s wallet to Coinbase on Sept. 25. @VitalikButerin deposited 400 $ETH to #Coinbase at $1,579
Decentralized oracle network Chainlink has downplayed a recent change in the number of signers required on its multisig wallet — a move that garnered backlash on social media from vocal critics. Crypto researcher Chris Blec was among a number of users on X (formerly known as Twitter) who called out Chainlink for quietly reducing the
North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin (BTC), new data shows. According to data collated on Dune Analytics from 21.co, the parent company of 21Shares, wallets associated with the Lazarus Group currently hold around $47 million worth of digital assets, including $42.5 million
When Deloitte cautioned staff earlier this month that it planned to cut about 800 jobs in the UK, it blamed slowing growth and economic uncertainty. The warning only added to a sense of gloom about the prospects of the Big Four accountancy firms, three of which are planning at least some job losses and redeployments.
Receive free Global trade updates We’ll send you a myFT Daily Digest email rounding up the latest Global trade news every morning. One of the most important lessons from the 2008 global financial crisis was that financial models don’t always work. The idea that you could throw thousands of variables into an algorithmic black box,
Receive free Pensions industry updates We’ll send you a myFT Daily Digest email rounding up the latest Pensions industry news every morning. The writer is a former global head of asset allocation at a fund manager A year ago soaring bond yields and a collapsing currency threatened to bring down the British financial system. Fixed
Receive free Global Insight updates We’ll send you a myFT Daily Digest email rounding up the latest Global Insight news every morning. Russia and Ukraine are both supposed to hold presidential elections next March. Autocratic Russia will go ahead. But for democratic Ukraine, under constant threat of Russian attack and constrained by martial law, it
Western companies are slowly insulating their China operations from the mounting tensions over trade and geopolitics between Beijing and the west, as governments call for increased “de-risking”. The notion, which has replaced the radical “decoupling” as a diplomatic buzzword this year, is a sign that the west is seeking a less antagonistic approach to managing
South Korea cryptocurrency exchange Upbit has resumed Aptos (APT) deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real deal. On Sept. 24, Upbit abruptly halted Aptos token services after noting an “abnormal deposit attempt,” prompting an inspection of the wallet system. The problem appears to
Receive free EU-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest EU-China relations news every morning. Relations between China and the EU are “at a crossroads” and the two sides could “drift apart” because of Beijing’s support for Russia over Ukraine and “discriminatory” trade rules, one of Brussels’ most
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. A senior Nomura banker has been banned from leaving mainland China, a move connected to a long-running investigation into the country’s top tech dealmaker Bao Fan, according to people
Receive free British Business Bank Plc updates We’ll send you a myFT Daily Digest email rounding up the latest British Business Bank Plc news every morning. The British Business Bank fell to a £135mn loss after tax in its most recent financial year as its investments were hit by a decline in tech company valuations.
From skate parks and construction sites to train stations and bus stops, a pair of Bitcoin-loving graffiti artists from Barcelona, Spain have been working tirelessly to spread the good word about Bitcoin. Street Cy₿er, a collective of artists and enthusiasts, has been creating Bitcoin (BTC) street art all over Europe since its formation in January
Lego has abandoned its highest-profile effort to ditch oil-based plastics from its bricks after finding that its new material led to higher carbon emissions, in a sign of the complex trade-offs companies face in their search for sustainability. The world’s largest toymaker announced two years ago that it had tested a prototype brick made of