Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Joe Biden is not just an old guy. He is also a representative of an old idea — one that dates back to the 1940s. The US president believes that his nation and the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak used the word “change” 30 times in his speech to the Conservative party conference last month, as he vowed to break from the failures of the past and the “30-year status quo”. The
Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month. Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, the blockchain data provider Whale Alert reported. The latest USDT minting came just a few days after Tether issued another 1
Gresham’s law, explained Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money. Gresham’s law is a principle in economics that states that when two different forms of money are in circulation, individuals typically spend or trade the money they believe
While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working with each other. From Toronto in 2017 to now, we’ve taken #RippleSwell around the world. I closed out this year’s event with a fireside chat with CNBC’s
Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations. Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023. As Bitget decided not to apply for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has sacked Suella Braverman, the controversial home secretary, after she defied the prime minister’s authority last week, as the he launched a major reshuffle of his top team. In further developments on Monday
The Bitcoin (BTC) mining community recorded its annual all-time high (ATH) on Nov. 12 after raking in over $44 million in block rewards and transaction fees. The revenue from Bitcoin mining primarily comes from rewards for confirming Bitcoin transactions and creating new blocks using high-tech computer equipment known as mining rigs. Miners currently receive 6.25
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Land rebuffed an alternative tenant to replace Meta on a major London office lease in favour of trying to re-let the space itself at higher rents, underscoring confidence in top-tier offices from one of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gaza’s largest hospital has “ceased to function” after running out of fuel and being surrounded by Israeli troops, with air strikes and gunfire making it impossible for civilians to escape. Al-Shifa hospital, in the heart
The sacking of Braverman will anger some rightwingers given her role as a standard-bearer for that wing of the Conservative party. The Daily Mail, a rightwing popular newspaper, ran a front-page headline last week warning: “Come for Suella and you come for us all.” Rory Stewart, a moderate former Tory cabinet minister, said Rishi Sunak
An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter). An unknown Threat Actor(s) claim to have compromised Coin Cloud. They allege to have exfiltrated 70,000 customer selfies (via ATM cameras),
Bitcoin (BTC) starts a new week still riding high near $37,000 as macroeconomic data returns to the fore. The largest cryptocurrency continues to circle its highest levels in 18 months, with excitement over a possible exchange-traded fund (ETF) approval in the United States driving sentiment. That is getting increasingly greedy, however, as according to the
Native asset settlement protocol THORChain has recorded the third-largest trading volume among non-centralized exchanges in the last week with users seemingly attracted to the high yield offered adjacent to its native token Rune (RUNE). Over the last week, THORChain’s trading volume hit $1.32 billion third only behind Uniswap and PancakeSwap at $10.85 billion and $2.77
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s Takeover Panel has become an unexpected casualty of the dealmaking drought, reporting its first deficit in almost a decade. The City of London mergers and acquisitions watchdog, which funds itself from fees charged
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What should fiscal policy target? A debate has recently emerged over the merits of focusing on debt and deficits, as now, or a broader measure of public sector net worth, which includes assets and liabilities.
OpenAI plans to secure further financial backing from its biggest investor Microsoft as the ChatGPT maker’s chief executive Sam Altman pushes ahead with his vision to create artificial general intelligence (AGI) — computer software as intelligent as humans. In an interview with the Financial Times, Altman said his company’s partnership with Microsoft’s chief executive Satya
Hours after Sam Bankman-Fried, co-founder of FTX and poster child of the crypto industry, was convicted of fraud and money laundering in New York, one of his leading venture capital backers had his say. “Immediately after FTX collapsed, we extensively reviewed our due diligence process and evaluated our 18-month working relationship with Sam Bankman-Fried,” said
Top Stories This Week CME overtakes Binance to grab largest share of Bitcoin futures open interest Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Tony Blair, former UK prime minister, has let it be known that he would be willing to carry out a humanitarian role in Gaza if there were a realistic prospect of changing the course
The number of crypto wallet addresses holding more than $1 million in Bitcoin (BTC) has more than tripled this year. BitInfoCharts data shows the number of addresses with more than $1 million in BTC increased from 23,795 on Jan. 1 to 81,925 currently, a 237% increase in the last 11 months. Currently, 81,925 wallet addresses