Poverty in the United States presents a complex mosaic of challenges and disparities. As the latest census data reveals — Census Bureau’s 2022 American Community Survey — poverty rates continue to ebb and flow across the 50 states, each grappling with its unique economic, social, and demographic factors. We analyzed data on poverty rates by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank must avoid shrinking its balance sheet too much, its chief economist has said, warning this could impair lending and threaten financial stability. Major central banks flooded the financial system with liquidity
Bitcoin (BTC) briefly surpassed the $37,000 mark for the first time in 18 months as the wider markets reflect optimism over the pending approval of spot BTC exchange-traded funds in the United States. Data from a number of cryptocurrency market platforms, including Cointelegraph Markets Pro and TradingView, showed BTC/USD hitting $37,073 at 07:47 EST on
Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action. BTC/USD 1-hour chart. Source: TradingView BTC price move “doesn’t feel right” After snap overnight gains, Bitcoin is attempting to crush resistance on the way toward the $40,000 mark. Data from Cointelegraph Markets Pro
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Allen & Overy, the “magic circle” law firm, has suffered a cyber attack on its systems, making it the latest big corporate to fall victim to a ransomware hack. A&O confirmed it had “experienced a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Communities secretary Michael Gove has asked the Treasury for up to £50mn to counter radical ideologies in Britain, after ministers acknowledged that the fallout from the Israel-Hamas war had exposed flaws in their strategy. Gove
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s home secretary has defied Rishi Sunak by publishing a controversial article attacking the police’s handling of protests without gaining clearance from Downing Street, the prime minister’s spokesperson has confirmed. Sunak is facing pressure from
Singapore-based digital asset investment firm Spartan Group has announced an investment in the decentralized finance (DeFi) protocol Pendle Finance (PENDLE). The size of the investment was not disclosed. After actively supporting Pendle since its launch in 2021, Spartan Group’s crypto venture capital arm Spartan Capital has made a follow-on investment in Pendle Finance through an over-the-counter,
At the chancellor’s annual Mansion House speech in July Jeremy Hunt set out wide-ranging reforms to Britain’s trillion pound pension sector that he said would “boost pensions (for savers) and increase investment in British businesses”. Hunt claimed his so-called Mansion House reforms could deliver an extra £1,000 a year in retirement income for today’s young
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has been dealt a blow in its €14.3bn tax dispute with Brussels after an adviser to the EU’s top court said an earlier ruling over its business in Ireland should be shelved. Giovanni Pitruzzella,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sitting in the comfort of my home, watching the bloodied bodies of innocents in Gaza and Israel, I feel sick and confused. But I am learning something about how to seek truth, and how not
Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options” for investors looking to get digital assets into their trading portfolio. The countdown begins:
ARK Invest, the investment firm founded by major Bitcoin (BTC) advocate Cathie Wood, is actively accumulating stock of the crypto-friendly app Robinhood (HOOD). On Nov. 8, ARK made a massive Robinhood stock purchase, bagging a total of 1.1 million shares for about $9.5 million in one day, according to a trade notification seen by Cointelegraph.
Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country. Reports from Swedish media outlets LT and Aftonbladet have linked separate robberies in Rönninge and Södertälje that appear to have occurred under the same modus operandi.
With the United States Securities and Exchange Commission’s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin (BTC) exchange-traded fund (ETF), it will be a month before the actual launch. The expected delay in launch following a potential SEC approval
The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwan prosecutors have reportedly found new alleged suspects. The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud, the local TV channel TVBS News reported on Nov. 9.
AAA gaming studio Ubisoft has partnered with blockchain game firm Immutable to collaborate on developing Web3 games through its Strategic Innovation Lab. An announcement shared with Cointelegraph said the two studios will combine their expertise to intertwine mainstream gaming development quality with Web3-enabled functionality. Nicolas Pouard, who heads up Ubisoft’s blockchain initiative, noted that Immutable’s
Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise. BTC/USD 1-hour chart. Source: TradingView U.S. “carrying” Bitcoin upside Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $36,000 after the daily close. The pair went on to reach $36,864 on Bitstamp, making its highest
In the late 1960s the New York socialite Isabel Leib was vexed. Her grandson Gordon was causing the family grief with his drinking and pot-smoking, so she decided that her nice caddie might be just the person to straighten him out. She paid the young Raymond Dallolio to befriend her grandson, inviting him to family
Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets. According to a Nov. 8 post to his Telegram channel, blockchain sleuth ZachXBT highlighted two transactions entering the alleged hackers wallet. Afterwards, the wallet’s owner bridged the funds to the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s annual haul of scrap steel would cover Hyde Park to a depth of six metres. As more metal reaches the end of its useful life, that will grow. The country should make better