Huntington Beach City Attorney Michael Gates said he plans to appeal a federal judge’s decision to toss the city’s lawsuit challenging the state’s right to compel localities to approve housing development. Huntington Beach plans to appeal the decision to the Ninth Circuit Court of Appeals, Gates said, adding “the federal court decision was surprisingly light
Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3 ecosystem. Stani Kulechov, founder and CEO of Avara (formerly Aave Companies), tells Cointelegraph that the company’s growing number of offerings, including liquidity protocol Aave, the GHO stablecoin, Lens Protocol and Sonar, necessitated an
New Mexico lawmakers are mulling changes to capital financing programs as the amount of untapped funding allocated to projects from state appropriations or raised through bond issues is at a historically high level due to rising construction costs and a dearth of construction workers. The state’s Legislative Finance Committee this week reported an estimated $5
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Remember, remember the fifth of November! Gunpowder, treason and plot.” Thus goes the traditional ditty that British children (such as myself) have chanted in past Novembers, in memory of Guy Fawkes, the rebel who tried
It has been a good year for Jaime Alvarez. The 45-year-old was named Oregon’s director of debt management in October, after serving as deputy director/senior debt program manager for just under two years. A few weeks after his promotion, he found out the state’s March $989 million general obligation bond sale was named Far West
Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued. BTC/USD 1-hour chart. Source: TradingView Analysis: Door open to deeper BTC price correction Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day. The
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index
The historic lodges of America’s national parks owe much of their character to the use of native wood and stone in an architectural style nicknamed “parkitecture.” Structures built in the early days of parks such as Yosemite and Yellowstone were defined by a rustic, hand-crafted look intended to fit into the country’s dramatic landscapes. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alibaba has ditched plans to spin off its cloud business and paused the listing of its supermarket unit amid waning investor enthusiasm for the Chinese ecommerce giant’s radical restructuring plan. After reporting lacklustre earnings on
The European Union has been actively preparing for what it envisions as the future of money. Over the last year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets regulation (MiCA), which is due to take effect in 2024, after closing its second consultation in October. It has also made progress in its plan
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is founder of Sifted, an FT-backed site about European start-ups It is rapidly emerging as one of the most important technological, and increasingly ideological, divides of our times: should powerful generative artificial intelligence
BlackRock, the world’s largest asset manager, officially filed for a spot Ether exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC) on Nov. 15. The Ether (ETH) ETF, dubbed the iShares Ethereum Trust, aims to “reflect generally the performance of the price of Ether,” read the S-1 filed with the SEC. The iShares
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I grew up in the Netherlands and every time I return, I feel like a time-traveller. The country I have in my head is from the 1970s and 1980s, so when I popped back last
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Lenovo has reported its fifth consecutive quarter of declining revenues but said it was seeing clear signs of recovery in the technology sector that would power a return to growth for the world’s largest PC
Bitcoin (BTC) circled a key level into the Nov. 16 Wall Street open after copycat BTC price action produced a fresh attack on $38,000. BTC/USD 1-hour chart. Source: TradingView BTC price matches 18-month highs Data from Cointelegraph Markets Pro and TradingView showed a swift turnaround for Bitcoin, which reversed upward after a precipitous comedown earlier
It’s that time of the year when everyone is releasing their 2024 home design predictions — and these prognosticators may or may not be right. However, when Houzz released its top 10 predictions, we sat up and took notice. That’s because Houzz has 65 million homeowners and design enthusiasts in its community, along with 3
Ferrari’s decision to allow U.S. residents to buy its cars in exchange for cryptocurrencies like Bitcoin (BTC) has become one of the biggest market wins in 2023, according to the CEO of the Bitcoin ATM operator CoinFlip. Ferrari has been aware of the growing demand from clients for alternative payment solutions and decided to support
Ethereum layer-2 scaling network Starknet has outlined plans to improve the decentralization of three core components of its zero-knowledge (ZK) proof rollup solution. Speaking exclusively to Cointelegraph, Starknet product manager and blockchain researcher Ilia Volokh outlined the firm’s intent to address certain centralized elements of its protocol aimed at defending against censorship and making its system
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Home secretary James Cleverly suggested on Thursday that the UK would not have to leave the European Convention on Human Rights to force through a new plan to remove asylum seekers to Rwanda. “I believe
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pet food and confectionery giant Mars has announced it will buy ailing UK chocolate business Hotel Chocolat in a deal worth about £534mn, with a payday of about £280mn for the latter’s founders. The cash
The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of 2023, an investment that has gained 39% in value since the purchase. The NPS acquired 282,673 Coinbase shares in Q3