The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the crypto community on social media, where Gensler
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Euroclear has earned just over €3bn so far this year from Russian assets frozen at the securities depository by EU sanctions, in a windfall that is likely to crank up the pressure on European leaders
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. FTX founder Sam Bankman-Fried is expected to begin testifying in his own defence on Thursday, after the government rests its case in the criminal trial over the collapse of his cryptocurrency empire. The unusual move
Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon said. In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels. Analyst: $45,000 next month is “possible” for Bitcoin Bitcoin reaching 17-month
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered shares fell sharply after it reported disappointing third-quarter profits, taking almost $900mn in charges linked to its exposure to China and warning that its lending margins were narrowing as global interest rates started
Bitcoin’s (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency is strengthening just before the halving event scheduled for April 2024. The Bitcoin halving is an event in which the mining reward per block is halved, thus cutting the supply of the asset amid growing demand and
Global payment giant Mastercard continues exploring cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay. MoonPay officially announced on Oct. 25 a partnership with Mastercard aiming to jointly explore how Web3 tools can improve experiential marketing or find new ways to connect with Mastercard’s consumers. The firm also took to X (formerly Twitter)
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli forces carried out a “targeted raid” in the north of the Gaza Strip in the early hours of Thursday, as they stepped up preparations for a ground operation in the coastal enclave to topple
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Think of a great economist, and you’ll probably think of a man. Perhaps Adam Smith, who famously wrote about the market’s invisible hand. Or Alfred Marshall, whose supply and demand curves young economists still learn
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A new book by Rachel Reeves, shadow chancellor, has been found to contain examples of apparent plagiarism, including entire sentences and paragraphs lifted from other sources without acknowledgment. The book, The Women Who Made Modern
On a cloudy afternoon at Joint Base Charleston, a US military facility in South Carolina, Kamala Harris walked down the stairs of Air Force Two and said a few words about the war between Israel and Hamas that had broken out four days earlier. “I’m completely outraged by what has taken place,” she told reporters
One day, it was US secretary of state Antony Blinken flying into Qatar to secure Doha’s support in releasing hostages seized by Hamas and preventing the militant group’s war with Israel escalating into a regional conflict. The next, it was Iran’s top diplomat Hossein Amirabdollahian touching down in the Gulf state condemning Israel and warning
Ibrahim al-Lahham was overcome with grief after losing 17 members of his family when an Israeli strike destroyed their homes in Gaza. His anguish was compounded by the inability to give them the dignity of a proper funeral — their bodies dumped “on top of each other” in the back of a pick-up truck and taken
More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession. The so-called “magnificent seven” refers to the top seven blue-chip tech firms including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla — who combine to
Bitcoin (BTC) may reach new all-time highs by the end of next year, but crypto investors should brace themselves for a “chopfest” in the meantime, according to veteran trader and analyst Peter Brandt. In an Oct. 26 post on X (formerly Twitter), Brandt told his 660,000 followers that Bitcoin had likely already bottomed in Nov.
Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. Just a few hours into the 2023 Japan Mobility Show, Honda’s chief executive had said he wanted to see the company’s logo in outer space. The head of Lexus had promised luxury cars
© AFP/Getty Images Meta, the parent of Facebook and Instagram, doubled profits and beat revenue expectations in the third quarter as the advertising slump dissipated, even as it warned costs will continue to rise into 2024. Revenues at the social media group rose 23 per cent to $34.1bn in the third quarter compared with the
Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel. “There is no evidence to support the assertion that Hamas has received significant volumes of crypto donations,” Elliptic said in an Oct. 25 statement. The amounts raised “remain tiny,” the firm
GTA and CoD veterans’ new studio collabs with Immutable Web3 gaming ecosystem Immutable is helping Random Games join the blockchain gaming world. The studio was founded by veteran developers and storytellers from famous franchises including Grand Theft Auto, Call of Duty, Fortnite, Batman, Star Trek, The Walking Dead, Star Wars and South Park. The collaboration
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley has named Ted Pick as its new chief executive, replacing James Gorman who will bow out from the role after leading the Wall Street bank for nearly 14 years and transforming it into
Asset manager Hashdex recently held a meeting with the United States Securities and Exchange Commission to address the regulator’s concerns about its application to allow the Hashdex Bitcoin Futures exchange-traded fund (ETF) to hold spot Bitcoin, a source familiar with the matter told Cointelegraph. As per a memorandum released by the Division of Trading Markets, the meeting