The United States government may be losing regulatory oversight of the stablecoin market, according to a new report by blockchain research firm Chainalysis. Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, Chainalysis stated in its latest North America cryptocurrency report released on Oct. 23. According to Chainalysis’ findings,
Bitcoin (BTC) marched to 17-month highs on Oct. 24 as exchange-traded fund (ETF) excitement boosted already bullish BTC price action. BTC/USD 1-day chart. Source: TradingView Bitcoin ETF data listing hints at “time to shine” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $35,198 on Bitstamp before consolidating. This represented 17% gains since the
Like several cities in the Southern United States, Atlanta has experienced a surge in popularity as a place of work and residence. From a population of approximately 394,017 in 1990, Atlanta’s population grew by more than a quarter (26.7%), reaching 499,127 people by 2022. When housing markets across America got turbocharged in 2021 and 2022,
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. The UK labour market has held up slightly better than thought as higher interest rates weigh on economic activity, according to official data released on Tuesday. The Office for National Statistics said the unemployment rate
Crypto exchange Coinbase has refuted rumors it had imposed a $5,000 per week limit on Bitcoin (BTC) withdrawals after a user’s post claiming as such gained traction on social media. An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted his withdrawals of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. During a recent invite-only briefing for Conservative party parliamentary candidates, some of the more mathematically-inclined members started to become uneasy. The strategy, they were told, was to focus relentlessly on former Tory voters who either
Bernd Hofmann founded his engineering firm 56 years ago. He’s seen many ups and downs since then — the oil price shock of the 1970s, the upheaval of German reunification in 1990, the global financial crisis of 2008. But nothing like this. “It’s one of the worst phases I’ve ever experienced,” the 80-year-old says. Hofmann’s
Residents of Lebanon are stocking up on food, fuel and emergency supplies as fears intensify that the Israel-Hamas war, now in its third week, will broaden and engulf them. From the southern border with Israel to the capital Beirut, Lebanese are increasingly on edge and preparing for their worst-case scenario, which would see the Mediterranean
The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising. According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address “safereum.eth” — unlocked the
We have been on a tour d’horizon lately, analyzing various American states and identifying the wealthiest cities there. Recently, we have been focused on the Census-designated South region of the United States, conducting studies of the richest cities in Missouri, North Carolina, South Carolina, and Alabama. Now, we’re turning to the Rocky Mountain states and
In a recent study, we analyzed and identified the richest cities in Colorado. Now, we’re going to continue our tour of the Rocky Mountain states and we’re focusing our attention on the state that saw the completion of the first transcontinental railroad with the famous “golden spike” driven home in 1869 at Promontory Summit —
Crypto investment products have recorded four weeks of inflows, as the market eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. Asset management firm CoinShares’ Oct. 23 fund flows report revealed $179 million was added to digital asset investment products in the week ending Oct. 20, which
The two biggest US oil companies have set off a race to secure petroleum reserves for the decades ahead, inking multibillion-dollar transactions to snap up the most promising production hotspots despite predictions that demand will peak by 2030. Chevron on Monday announced its biggest ever acquisition: a $53bn deal for US operator Hess, giving it
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PwC’s revenue growth lagged behind its Big Four rivals Deloitte and EY in its latest financial year, according to newly published figures. The accounting and consulting firm brought in record revenues of $53.1bn globally in
Uptober may have finally arrived, with the price of Bitcoin (BTC) breaking through the $34,000 mark for the first time since May last year, marking a staggering 14% gain in the past 24 hours. The price of Bitcoin suddenly spiked upwards on Oct. 23, with BTC gaining more than 10% from $31,000 to briefly touch
Adelle Nazarian is the top staffer at the American Blockchain PAC, where she serves as its CEO. But she has a long story to tell about her life prior to her time in the crypto industry — from her Persian roots to her career in journalism. Nazarian, who worked as a freelance journalist after serving
10/23/2023, 11:08:01 PM What to watch in Asia today George Russell in Hong Kong An advertisement for Fujiya’s ‘Peko-chan Yaki’ doll-shaped cake in a Tokyo street. The Yokohama-based confectionery chain reports third-quarter figures on Tuesday © Katsumi Kasahara/AP Events: Chinese premier Li Qiang attends the Shanghai Cooperation Organization meeting in Bishkek, Kyrgyzstan. The three-day Future Investment
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas has freed two more of the dozens of hostages its militants captured during their assault on Israel earlier this month, amid ongoing diplomatic efforts to contain the soaring tensions in the Middle East. The
The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission. In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of
Bitcoin (BTC) price pushed above the $31,000 mark on Oct. 23, notching a near 4-month high last seen when BTC price traded at $31,800. The fresh upside push comes as analysts and investors express their excitement over new developments which could point to the impending launch of a spot Bitcoin ETF. So two things caught
Municipal yields were little changed to weaker in spots Monday as large retail offerings were held for the Los Angeles Unified School District and the New York Power Authority. U.S. Treasuries made gains and equities were mixed. The two-year muni-to-Treasury ratio Monday was at 72%, the three-year was at 73%, the five-year at 73%, the