Polygon co-founder Jordi Baylina says 2024 will see the amalgamation of Polygon’s various Ethereum layer 2 scaling networks to complete its “Polygon 2.0” cross-chain coordination protocol. Speaking exclusively to Cointelegraph, Baylina said next year will be a litmus test to see how the Polygon ecosystem’s various networks can scale and integrate through the implementation of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak said on Thursday that his new immigration bill fully addressed the concerns of the UK Supreme Court about his policy of sending asylum seekers to Rwanda. The prime minister said a new treaty
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Somerset Capital Management, the boutique fund manager co-founded by Tory MP Sir Jacob Rees-Mogg, is to wind down after large client redemptions made the business unsustainable. The move marks a dramatic reversal in fortunes for
Trading and brokerage firm Robinhood announced the launch of its crypto services for all eligible European Union customers on 7 December. The platform will allow traders to buy and sell more than 25 cryptocurrencies. Robinhood’s entry into the European crypto market comes just a week after the firm launched its stock trading application in the
Bitcoin (BTC) has gained a new generatio of “hodler” in the past three years as stubborn investors refuse to sell. Data from the popular HODL Waves metric shows that those who bought Bitcoin in late 2020 are still sitting on their coins. BTC price should go “way higher” for hodlers to sell Bitcoin’s longer-term investor
Bitcoin (BTC) wallet provider Samourai Wallet has accused BTC mining pool Ocean of censoring Whirlpool CoinJoin transactions and BIP47 notification transactions from Dec. 6. However, Ocean’s top executive has denied the claims while asking the Bitcoin wallet provider to fix a bug in their software. On Dec. 7, Samourai Wallet claimed that a new policy
Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China’s exports rose slightly in November, breaking a six-month run of consecutive declines and giving a boost to policymakers looking to revive a flagging recovery in the world’s second-largest economy. Exports rose 0.5 per cent
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Moody’s Investors Service advised staff in China to work from home ahead of its cut to the outlook for the country’s sovereign credit rating, a suggestion staff believed was prompted by concern over
Behind the glittery facades of London’s Selfridges and New York’s Chrysler Building, Austrian property billionaire René Benko assembled a financial time bomb. Benko’s Signa Group, which bought stakes in the two trophy assets and amassed a €27bn ($29bn) property portfolio, racked up at least €13bn in debt during the years when the cost of borrowing
In the 2,500 years since Herodotus delivered the first known written military history, a page-turner on the Persian wars, strategists have been busily studying conflict — not least to help their own states avoid “fighting the last war”. Just as the Napoleonic wars influenced tactics in the American civil war, so Europeans observed its killing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuela’s President Nicolás Maduro has dramatically raised the stakes in his country’s border dispute with Guyana, ordering state companies to exploit contested oil and mineral deposits and redrawing official maps after claiming an “overwhelming” mandate
Early each summer, the bus began to fill with teenagers. Tang Mingfang, a 40-year-old office manager, watched as his shuttle from the workers’ dormitories to Foxconn Hengyang, an Amazon supplier factory in southern China, grew more crowded with kids brought in to assemble Kindle ebooks and Echo speakers for Christmas. By the peak of the
EU leaders met President Xi Jinping in Beijing on Thursday, kicking off a summit during which they plan to press China on industrial overcapacity, amid signs it is pumping hundreds of billions of dollars of new funding into the manufacturing of products targeted at European markets. The EU delegation for the annual EU-China summit —
Crypto industry short sellers have lost at least $6 billion trying to bet against publicly-traded crypto firms this year, due largely to Bitcoin’s (BTC) outsized rally since Jan. 1. According to a Dec. 5 report from research firm S3 partners, traders who bet against publicly traded crypto firms such as Coinbase, MicroStrategy, and Marathon Digital
JPMorgan CEO Jamie Dimon is being hauled over the hot coals on crypto X (Twitter) after claiming Bitcoin (BTC) and cryptocurrency’s “only true use case” is to facilitate crime. “The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance,” Dimon said in a hearing before the United States Banking Committee
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In an episode of the first world war television comedy series Blackadder Goes Forth, the catastrophic absurdity of war is laid bare in parody by a court martial centred around the murder of a pigeon.
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023. China is ramping up pressure on banks to support struggling real estate developers, signaling President Xi Jinping’s tolerance for property sector pain is nearing its limit. Source: Bloomberg Bloomberg | Bloomberg | Getty Images BEIJING — China
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Republicans in the US Senate on Wednesday blocked an effort to provide more funding for Ukraine to fight its war against Russia, delivering another blow to one of the White House’s central foreign policy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. KPMG is planning to merge its UK and Swiss businesses in a tie-up that executives hope can boost growth and profits at the smallest of accounting’s Big Four. Partners in KPMG’s operations in the two
Shares of petcare retailer Chewy slid almost 9 per cent in extended trading on Wednesday after the company posted a wider net loss than expected and cut its full-year sales guidance. The company, which had beaten investors’ estimates for earnings for six straight quarters, missed expectations with a $35.8mn net loss. It also cut its
The UK government is facing more courtroom showdowns over its plan to send asylum seekers to Rwanda, lawyers have warned, despite new legislation designed to overcome legal blocks to the policy. Prime Minister Rishi Sunak said a package of measures unveiled this week — including a bill that seeks to sidestep human rights legislation —