Cryptocurrency trading bot Wallet is debuting its global rollout on the Telegram messenger in several countries in Latin America and Africa. The Open Platform (TOP), the Dubai-headquartered investment platform affiliated with TOP Labs and Wallet, announced the global rollout of the Wallet crypto bot on Nov. 10. Wallet, a third-party Telegram bot allowing users to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has asked a group of 53 major financial institutions to model the impact of a sharp rise in sovereign and corporate bond yields, in an effort to understand how the market
On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the National Center
Cryptocurrency exchange Binance is progressing with its exit from Russia and is preparing to terminate local currency deposits next week. Binance will stop accepting deposits in Russian rubles (RUB) starting Nov. 15, 2023, the firm officially announced on Friday. Binance also advised users to withdraw RUB from the platform as it expects to terminate RUB
The world’s largest asset manager filed for a spot Ether (ETH) exchange-traded fund (ETF) on Nov. 9, four months after filing for a spot Bitcoin ETF. BlackRock’s filing helped ETH prices soar past $2,000 for the first time in over a year. BlackRock’s intention to file for an Ethereum spot ETF had a bullish effect
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Industrial and Commercial Bank of China is trying to minimise losses after a ransomware attack on the country’s biggest bank disrupted the market for US Treasuries, the Chinese foreign ministry said. At a briefing
In early September, the Central Bank of Nigeria held a press conference in Lagos to announce that it would take action against rogue currency traders. According to reports, Folashodun Adebisi Shonubi, who at the time was CBN’s acting governor, singled out one operator: “We have reason to believe that Crown Agents have been working with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy stagnated in the three months to September according to official figures that highlight the challenge facing chancellor Jeremy Hunt as he seeks to revive growth in his upcoming Autumn Statement. Gross domestic
Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval. That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption. Tapiero: Mass capital inflows “about to hit” Bitcoin As excitement
Crypto index fund manager Bitwise Asset Management has stressed that it has no relationship with the failed technology startup Bitwise Industries, which is currently facing charges from the United States Securities and Exchange Commission. Today we announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup
Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months. A number of analysts highlighted the ‘flippening’ of Binance by CME, with the latter overtaking the global cryptocurrency exchange for the largest share
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an Israeli author and psychologist based in Tel Aviv, her recent novel is ‘The Wolf Hunt’ Translated by Jessica Cohen Balloons in all colours of the rainbow welcomed shoppers at the mall
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Since generative artificial intelligence burst on to the scene last November, the forecast for white-collar workers has been gloomy. OpenAI, the company behind ChatGPT, estimates that the jobs most at risk from the new wave
When JPMorgan Chase chief executive Jamie Dimon starts unloading his $1.2bn of stock next year, the Wall Street titan — who has never previously sold stock — will join a parade of top bankers who have cashed in some of their holdings. Dimon’s refusal to sell harks back to the era when his early mentor,
A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as
Working from home, you get to avoid all of the noise that accompanies an office environment, including those untimely interruptions by colleagues stopping by to chat. However, a WFH environment presents its own set of challenges, ranging from the sound of your neighbors’ lawnmowers and weed-eaters to household noises and loud family members. Fortunately, active
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain is a “leading enabler” of corrupt elites and its failure to prosecute money laundering crimes in effect “constitutes facilitation” of kleptocratic regimes in central Asia, according to a report by MPs. The UK’s failure
US-China relations: US Treasury secretary Janet Yellen and Chinese vice-premier He Lifeng meet in San Francisco for a second day on Friday, ahead of an expected summit between Joe Biden and Xi Jinping at the Asia-Pacific Economic Cooperation forum, which begins on Saturday and lasts until November 17. Economic indicators: China’s central bank is expected
Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings
China to protect NFTs In a surprise move, the Chinese government has guaranteed legal protection for NFTs. In response to a series of often conflicting judicial opinions on the state of cryptocurrency in the country, the Chinese government has officially issued a legal commentary on dealing with cases of nonfungible tokens (NFTs) theft and their status as
Blackrock’s plans for a spot Ethereum exchange-traded fund (ETF) has now been confirmed, per a 19b-4 form filing submitted to the United States Securities and Exhange Commission on Nov. 9. Nasdaq filed the 19b-4 form to securities regulator on behalf of the $9 trillion asset management firm for a proposed ETF called the “iShares Ethereum