Trezor, a major provider of hardware cryptocurrency wallets, is celebrating its 10th anniversary by releasing three self-custody products, including a new Trezor wallet, a proprietary private key backup solution and a Bitcoin (BTC)-only wallet. The Czech Republic-based company on Oct. 12 officially announced the launch of Trezor Safe 3, its brand-new hardware wallet supporting more
According to the IMF’s October update of its World Economic Outlook, China’s economy will grow 5% in 2023, a decrease from an earlier forecast of 5.2%. Future Publishing | Future Publishing | Getty Images China’s old economic model of relying on investments in real estate has “run its course” and the government needs to consider
Although mold can be found almost everywhere, you don’t want to find it in your home. Mold is a red flag to buyers, and may cause them to reconsider purchasing your home. Even if you don’t plan on selling your home in the near future, the presence of mold can be harmful to you and
A recent amendment to ARK Invest and 21Shares’ joint spot Bitcoin (BTC) exchange-traded fund (ETF) application could be seen as a “good sign” of progress and impending approvals. An amended Oct. 11 filing to the Securities and Exchange Commission for approval adds additional information about the proposed spot Bitcoin ETF, including practices for how the
The Adani Group, the politically connected conglomerate that dominates large parts of India’s economy, appears to have imported billions of dollars of coal at prices well above market value, according to customs records reviewed by the Financial Times. The data supports longstanding allegations that Adani, the country’s largest private coal importer, has been inflating fuel
Eyal was 26 when the army sapper first entered Gaza, sent in by prime minister Benjamin Netanyahu to help dismantle the extensive tunnels that Hamas had dug to hide its fighters and sneak into Israeli territory. Nine years later, he is preparing for Netanyahu to send him back, to take down the militant group itself.
Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on Oct. 11 at about 3:30 pm UTC, according to Launchnodes. In an Oct. 11 post on X, Lido said Launchnodes’ validators nodes are
Real estate-backed stablecoin USDR lost its peg to the U.S. dollar after a rush of redemptions caused a draining of liquid assets such as Dai (DAI) from its treasury, its project team has revealed. USDR — backed by a mixture of cryptocurrencies and real-estate holdings — is issued by Tangible protocol, a decentralized finance project that
Workers at Ford’s biggest plant have walked off the job as the United Auto Workers’ strike expands. About 8,700 workers began striking at Ford’s Kentucky Truck Plant plant in Louisville. The company said the plant generates about $25bn in revenue a year. The union went on strike against Ford, General Motors and Stellantis last month.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden ramped up diplomatic efforts to prevent Israel’s anticipated ground assault on Gaza from spiralling into a regional conflagration, telling the country’s prime minister he must follow the rules of war and warning other
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The smell of rotting flesh permeated the air on Wednesday at Kibbutz Be’eri, a farming community near Israel’s border with the Gaza Strip that was one of the last communities to be freed from Hamas
A box of Ozempic, a semaglutide injection drug used for treating Type 2 diabetes made by Novo Nordisk. George Frey | Reuters Check out the companies making big moves midday. Novo Nordisk — The Danish drugmaker stock added 5.5% after saying late Tuesday it was halting Ozempic’s kidney disease treatment trial after a committee said
Chicago Mayor Brandon Johnson Wednesday unveiled a $16.6 billion all-funds spending package he dubbed the “people’s budget” that “begins the critical investments necessary” to usher in his progressive vision of solving the city’s significant fiscal and social challenges. The budget proposal features little in the way of new taxes or fees despite Johnson’s campaign pledge
Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC). The two main reasons he cites are the potential for an escalation of the conflict between Israel and Hamas, and subpar fiscal conditions in the United States. While an inverted yield curve wasn’t included in Tudor’s
Municipals rallied Wednesday amid a busy primary market day as U.S. Treasury yields fell out long and equities closed the session up after the Federal Open Market Committee released its minutes with few surprises. Triple-A yields were bumped seven to 12 basis points, depending on the scale, while U.S. Treasury yields fell up to 12
Since September, Chainlink (LINK) price has gained more than 25%, outperforming Bitcoin (BTC), Ethereum (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins. In September, LINK’s price surged by an impressive 35.5%, but in the month-to-date performance for October,
Steven Herbert Gerdes, 68, a nationally recognized tax attorney specializing in public finance, who spent more than 30 years working at Vinson & Elkins LLP in Houston, died July 30 following a brief illness. Born in Walnut, Ill., and growing up on a farm, Gerdes later made the transition from farmer to tax attorney, acquiring
Federal Reserve Gov. Christopher Waller said the U.S. central bank can watch and see what happens before taking further action with interest rates as financial markets tighten. “The real side of the economy seems to be doing well. The nominal side is going in the direction we want. So we’re in this position where we
Pension fund experts are worried about a rise in valuation risk, with recent reports showing many underfunded pension funds stabilizing even as asset allocation into riskier choices is getting a closer look. Valuation risk is defined as calculating what an asset is worth based on “fair-priced” or “fair-value,” estimates as opposed to public market prices based on actual
A leading candidate to become Houston’s next mayor said the fourth-largest U.S. city needs a multibillion-dollar bond issue to overhaul a brittle water system. Democrat John Whitmire, the longest-serving Texas state senator, said one of his main priorities as mayor would be repairing and upgrading a decrepit water-distribution network that springs as many as 1,000
Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy. The uncertain near-term environment has