The Biden administration’s Build America Bureau expects to close on $19.5 billion worth of transportation infrastructure projects in the next 18 months, executive director Morteza Farajian said Tuesday at the American Association of State Highway and Transportation Officials annual meeting in Indianapolis. “There’s a huge increase in the number of projects that we have in
Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). In January, Unstoppable Domains was granted its first patent, US11558344, which claims that Braden River Pezeshki, Matthew
Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as analysis hoped for a deeper BTC price comedown. BTC/USD 1-day chart. Source: TradingView Bitcoin traders map out likely bottoms Data from Cointelegraph Markets Pro and TradingView followed a retracement from intraday highs of $36,600. Having failed to establish a breakout beyond 18-month highs
While New York City’s $110.5 billion fiscal 2024 budget remains balanced, the costs associated with dealing with the influx of migrants will soar over the next several fiscal years, according to the November financial plan update released Thursday. So far, the city has already spent $1.45 billion in fiscal 2023 to provide food, shelter and
Former Chicago Chief Financial Officer Jennie Huang Bennett has landed at the University of Chicago. Bennett joins the university as associate vice president of finance. She served as Chicago’s CFO under former Mayor Lori Lightfoot from 2019 to earlier this year when Lightfoot lost her re-election bid. Bennett will be reporting to Ivan Samstein, who
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US defence group Northrop Grumman has pulled out of the first stage of a competition to build a new generation of satellites for UK’s armed forces, leaving just one shortlisted contender for the tender. Northrop,
Mark Wilson — the artist known as diewiththemostlikes — has a truly unique style to his art and a presence that could be described as grotesque, performative, thought-provoking and hilarious all in one packet of rolled-up ground beef. In a digital art market where supply can be infinite, the Indiana-based artist really stands out from
New York City has put together what city leaders say is a first-of-its-kind plan to use artificial intelligence in municipal government. The blueprint aims to develop a framework for city agencies to evaluate AI tools and weigh the associated risks while helping city employees build their AI knowledge and skills. New York City Mayor Eric
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Microsoft has tweaked its artificial intelligence image generator tool after concerns were raised over a viral social media trend where users created realistic Disney film posters of their dogs, highlighting broader copyright issues in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of the London Stock Exchange Group has argued that companies going public in New York do not receive a higher valuation than they would in London, responding to the drift of listings away
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British retail sales have fallen to their lowest level since February 2021 as consumers curb their spending in the face of punishing inflation, according to data that sent gilt yields lower. The quantity of goods
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investment bankers are different to footballers in many ways: they work longer hours, they cannot run as fast, and they have many fewer fans. But both operate in industries where stars are well rewarded and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Israel’s military said it was prepared to expand its ground operation beyond northern Gaza, as the UN warned against attempts to corral the population into a “safe zone” in the south-west of
Artificial intelligence (AI) and machine learning (ML) are demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin (BTC) miners are not jumping on the bandwagon just yet. Speaking to Cointelegraph journalist Joe Hall at Web Summit 2023 in Lisbon, Portugal, Heatbit founder Alex Busarov believes that mining farms, data
The global exchange-traded fund (ETF) provider WisdomTree filed an amended Form S-1 spot Bitcoin (BTC) ETF prospectus with the United States Securities and Exchange Commission (SEC) on Nov. 16. The update comes a few months after WisdomTree refiled its spot Bitcoin ETF application in June 2023, proposing a rule change to list and trade shares of the WisdomTree
Bitcoin (BTC) bull market “FOMO” has yet to appear despite BTC price being up 120% this year. Data from statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger” bitcoins. Bitcoin bull market analysis: “We’re still early” Bitcoin remains near 18-month highs and well beyond its bear market trading range
David Cameron had arrived in China with a plan to secure money for a $1bn UK-China fund that was set to make the former prime minister a rich financier and cement ties between London and Beijing. One of his fundraising targets during trips in 2017 and 2018 was China’s sovereign wealth fund, the China Investment
DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin swaps for its users across 30 different blockchain networks. Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without wrapping across several blockchains in what the team describes as a “native, decentralized
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The new head of the UK’s accounting watchdog has signalled he is relaxed about the continued dominance of the Big Four in Britain’s audit market, striking a more conciliatory tone towards the sector than his
On an industrial estate one hour south of Birmingham, a sign in red Cyrillic letters is the only hint that a small outpost of Russia’s military industrial complex is still quietly operating in the UK. The site is home to the British arm of VSMPO-AVISMA, one of the world’s largest titanium producers, which is part-owned
In the spring of 2018, the retired general Gal Hirsch stood on a tiny sliver of land occupied by Israel and reminisced about fighting Hizbollah in Lebanon. “I killed Arabs there,” he said, pointing to one hill, with his firearm poking out of his trousers. “I fought them there, and there.” But, he wistfully told