About 33 years after former junk bond king Michael Milken pleaded guilty to multiple counts of securities and reporting violations, Richard Sandler, his personal attorney and a childhood friend, has published a book on the investigation to “set the record straight.” “I can’t change the fact I wrote it now, rather than years ago,” Sandler
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s reliance on “fickle and flighty” foreign buyers of its government debt is a growing risk to the stability of the gilt market, the head of Britain’s fiscal watchdog has said. Richard Hughes, the
Bitcoin (BTC) is lining up an “early bull market” as a unique chart feature plays out for the first time in history. In a post on X (formerly Twitter) on Dec. 7, entrepreneur Alistair Milne drew attention to Bitcoin’s first ever weekly “golden cross.” Bitcoin goes from death cross to golden cross in 10 months
Financial payment processor Block, co-founded by Jack Dorsey, has launched its self-custody Bitcoin (BTC) wallet. Dubbed “Bitkey,” developers said during the Dec. 7 announcement that the wallet, available as a mobile app or hardware storage, will be accessible in over 95 countries. Bitkey will feature a two-of-three multi-signature wallet consisting of a mobile key, a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The largest private donors to the Conservatives and Labour in the current parliament were both called Lord Sainsbury, as cousins from the eponymous supermarket dynasty handed vast sums to Britain’s biggest parties. New figures from
A financial boost from a voter-approved $3.9 billion endowment fund for emerging research institutions in Texas has brightened the rating outlook for the University of Houston System (UHS). S&P Global Ratings this week revised the outlook on the system’s AA rating to positive from stable. “The positive outlook is based on our expectation of an
United Arab Emirates firm Phoenix Group has disclosed a new purchase of hardware equipment from WhatsMiner, aimed at expanding its portfolio of hydro cooling rigs. According to an announcement on Dec. 7, the $380 million deal represents WhatsMiner’s largest order in two years. Under the agreement, Phoenix received mining equipment valued at $136 million, with
As the Biden Administration attempts to make affordable housing a key issue, some experts and lawmakers would prefer less federal intervention. House Republicans would like to see changes in zoning, interest rates, and a reduced role for the Federal Housing Finance Agency. “As we confront these affordability challenges, what seems to get left out of
BNP Paribas Securities Corp. officially opened its Miami office on Wednesday with a ribbon cutting ceremony attended by bank officials and local government dignitaries. “Adding Miami as a key location for our corporate and institutional banking business will be an important part in getting closer to our many clients in the South Florida area and
Is a game even a game without bots? Pixels CEO doesn’t think so Some think that bots in games is a sign of the apocalypse, or perhaps just the makers trying to fill up an empty venue to make it look popular. But Pixels founder and CEO Luke Barwikowski says that conversely, if people aren’t
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022. Elijah Nouvelage | Bloomberg | Getty Images This year was the least affordable year for homebuying in at least in the past 11 years, according to a Thursday report
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the golden rules of business is to respect the customer. That principle has served Elon Musk brilliantly when it comes to Tesla or SpaceX. If you want to drive a cool car or
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘Black Wave’ and distinguished fellow at Columbia University’s Institute of Global Politics The second stage of Israel’s war against Hamas brings with it more devastation and death for Palestinians in
One of the first cross-border payment platforms in Russia has officially announced its launch and says it will be facilitating local legal entities to process international settlements in cryptocurrency. Exved, a local digital settlement platform — which describes itself as a “digital counterparty search system” — announced the launch on Dec. 7, stating that Russian
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s biggest electric-vehicle battery maker has hit back against accusations it poses a national security threat after the Chinese company’s technology was cut off from a US military base. “Accusations about CATL batteries posing
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