Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. NatWest shares plunged by the most since the Brexit vote after it cut its profit outlook for the year, adding to the bank’s problems on the day it published a highly anticipated report into its
Cryptocurrency infrastructure firm Fireblocks has identified and assisted in tackling what it describes as the first account abstraction vulnerability within the Ethereum ecosystem. An announcement on Oct. 26 unpacked the discovery of an ERC-4337 account abstraction vulnerability in the smart contract wallet UniPass. The two firms worked together to address the vulnerability, which was reportedly
Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode says as October gains near 30%. In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend. BTC price “convincingly” beats out resistance levels
Fall is in the air, and one of the great things about this season — aside from the cooler weather — is the opportunity to view such beautiful autumn colors. However, you don’t always have to go outside to see these brilliant hues. Here’s how to incorporate the luscious fall colors in your home. Decorate
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. The US military struck two facilities in eastern Syria that it identified as linked to Iranian-backed militias, defence secretary Lloyd Austin said, following more than a dozen attacks on American forces in
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Janet Yellen has a plain and simple explanation for
The price of Bitcoin (BTC) has notched new all-time highs against some of the world’s most inflationary fiat currencies. Across 30 hours over Oct. 23 to 24, the cost of buying one Bitcoin has reached all time-highs when using the Argentine peso (ARS), Nigerian naira (NGN), Turkish lira (TRY), Laotian kip (LAK) and the Egyptian pound
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is editorial director and a columnist at Le Monde Donald Tusk returned to Brussels yesterday as “a proud Pole”, “a proud European” and Poland’s likely next prime minister, having unseated his country’s hard
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How much chaos can one company withstand before it becomes irreparably broken? It sometimes feels as though Elon Musk has been testing that question to the point of destruction since he paid $44bn for Twitter
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. If 18 months of rising interest rates from the Federal Reserve were supposed to put a chill on the world’s biggest economy, US consumers had another idea. New federal data on Thursday showed the US
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The history of Gaza is one of conflict and conquest that stretches back millennia. The 363 sq km strip of land changed hands between empires over many centuries, before becoming one of two Palestinian territories
Could Bitcoin (BTC) be headed for an imminent pullback? Some crypto market observers believe the answer could be hiding within the price action of a frog-themed memecoin. In an Oct. 27 post on X (formerly Twitter), Onchain Capital co-founder and Crypto Banter host Ran Neuner suggested that memecoin Pepe (PEPE) is a strong indicator of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Li Keqiang, China’s former premier under President Xi Jinping, has died aged 68, state media reported on Friday. The senior Communist party official, who until March was the head of Xi’s cabinet and led economic
A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT lawsuit. The Oct. 25 order follows an April
Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week. According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in the U.K. over the course of the seven days. Global search terms
Our weekly roundup of news from East Asia curates the industry’s most important developments. Largest money laundering scandal in Australia unravels Changjiang Currency Exchange, a money transmitter business based in Australia, has beenbustedin a $145 million ($230 million Aussie dollar) money laundering scandal. On October 26 a 300-strong police operation spanning Melbourne, Sydney, Brisbane, Adelaide,
Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. Payouts for UK partners at EY were trimmed to an average of £761,000 in the accountancy firm’s most recent financial year as a result of rising costs and the partnership increasing in size. Revenues in the
Events: A court hearing is scheduled for former Pakistan prime minister Imran Khan in Islamabad on charges of making the contents of a diplomatic cable public. The annual three-day Sichuan Agricultural Expo and the Agro-Chengdu show open in Chengdu, China. Economic data: Japan publishes October trade figures. Australia issues producer price index data for the
Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Qatar sentenced eight Indian former naval officers to death on Thursday after finding them guilty of spying on the Gulf state’s submarine programme for Israel. The Indian government “expressed deep shock” at
For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as a peer-to-peer digital cash and store of value. However, all indications suggest that we are witnessing a significant shift in this paradigm. Since the beginning of 2023, one of the most discussed topics in the Bitcoin ecosystem has