Cryptocurrency mining hardware maker Bitmain and bankrupt crytpto mining firm Core Scientific have agreed on a combination of equity and cash to finalize the deal on the expansion of mining facilities. The deal between the two mining companies will see Bitmain supply 27,000 Bitcoin (BTC) mining rigs for $23 million in cash along with $53.9
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Scoop! Rishi Sunak is planning to implement an international baccalaureate-style system in England as part of his reboot, our team reveals. Some more thoughts on that below. Inside
Argentina has grappled with hyperinflation for several decades due to failed policies that have led to budget deficits. As time marches on, the likelihood of Argentina — home to 47 million people — facing a full-scale currency collapse looms. But what are the prospects for increased adoption of Bitcoin (BTC), given its outstanding track record
Receive free Microsoft Corp updates We’ll send you a myFT Daily Digest email rounding up the latest Microsoft Corp news every morning. Microsoft’s proposal to acquire Activision Blizzard took a big step forward on Friday after the UK’s competition regulator provisionally accepted the tech company’s amendments to the $75bn takeover of the Call of Duty developer.
Receive free UK retail sales updates We’ll send you a myFT Daily Digest email rounding up the latest UK retail sales news every morning. British retail sales rebounded in August boosted by spending on food and clothing, according to official data published on Friday. The quantity of goods bought in Great Britain increased by 0.4
Twitter was a clown car that fell into a gold mine, then a gold mine that fell to a car clown. Now it’s a metaphor of sorts. By buying and killing Twitter, Elon Musk has become its persona, its real-world avatar. This works a little like how dogs and their owners come to resemble each
Bitcoin advocate Nic Carter has come out to reiterate his support for the theory that the United States National Security Agency (NSA) had something to do with the creation of Bitcoin (BTC). On Sept. 15, Iris Energy co-founder Daniel Roberts seemingly revived the decade-old theory on X after posting screenshots of a 1996 paper titled
The next crypto bull run will look nothing like the last one and investors should tame their expectations of an imminent rocketing of cryptocurrency prices. At least that’s what Lars Seier Christensen, the founder of enterprise blockchain Concordium told Cointelegraph in a recent interview. As the majority of the crypto market looks to the swathe of
Receive free Airlines updates We’ll send you a myFT Daily Digest email rounding up the latest Airlines news every morning. Airline passengers in Europe face the prospect of higher ticket prices following a rally in the price of oil which has threatened carriers’ booming profits. Crude oil has risen to $95 per barrel this week,
Receive free Bank of Japan updates We’ll send you a myFT Daily Digest email rounding up the latest Bank of Japan news every morning. The Bank of Japan has maintained its low interest rates, signalling that it will remain in stimulus mode despite mounting speculation in financial markets that an exit from decades of ultra-loose
Receive free Global Economy updates We’ll send you a myFT Daily Digest email rounding up the latest Global Economy news every morning. You wouldn’t typically think of affirmative action advocates and anti-immigration nativists as being bedfellows. The former group skews young and is composed overwhelmingly of progressives, and the latter skews old and conservative. But
Bitcoin (BTC) could see “substantial inflows” from China within the next few months, amid a weakening Chinese yuan and one of the country’s biggest capital flights in years. “The familiarity of Bitcoin by Chinese investors in times of a weakening domestic economy could see substantial inflows into Bitcoin over the next few months,” said Markus
For the better part of three decades, media and political operators have obsessed over the question of who would succeed Rupert Murdoch, the most powerful person in news across the English-speaking world. Murdoch kick-started the speculation in 1994, when an Australian business magazine asked him about succession: “I expect to do it in about 30
Our weekly roundup of news from East Asia curates the industry’s most important developments. JPEX scandal grows to over $166M Last week’s Token2049 conference in Singapore was a life-changing experience for some; for others the event did not meet expectations, but for a select group of individuals, the imminent prospect of being pursued by law
Yair Lapid, head of Israel’s largest opposition group, said the prospect of the country establishing full relations with Saudi Arabia was ‘welcome’ © Bloomberg Israel’s opposition leader has hit out at the idea of allowing Saudi Arabia to enrich uranium in the kingdom, warning such a development would pose a threat to the Jewish state’s
Receive free Labour Party UK updates We’ll send you a myFT Daily Digest email rounding up the latest Labour Party UK news every morning. The writer is the shadow chancellor “All we ask for is stability.” The words of a chief executive to me a little less than a year ago in the wake of
Morgan Stanley’s desire for future municipal bond business from high-speed rail operator Brightline Holdings drove the bank to lie about terms of a key credit agreement, a pair of private equity firms claimed Monday in a lawsuit filed against the bank and Brightline in a New York court. Certares Management LLC and Knighthead Capital Management
Munis sold off Thursday, joining bond markets and equities in a rout after the Fed signaled that interest rates would be higher for longer. The Federal Open Market Committee held rates steady Wednesday, as expected, but signaled another hike this year. Munis were steady Wednesday but triple-A yields were cut eight to 16 basis points
On September 21, decentralized exchange (DEX) Uniswap launched an educational platform in conjunction with the blockchain education-focused Do Decentralized Autonomous Organization (DAO). According to the announcement, Uniswap University aims to create a structured learning pathway for onboarding users to its V3 exchange via courses, simulation, and quick guides. Via the platform, users can gain knowledge
Receive free UK schools updates We’ll send you a myFT Daily Digest email rounding up the latest UK schools news every morning. Rishi Sunak is exploring a radical reshaping of A-levels with a new “British baccalaureate” to modernise England’s education system, according to senior Whitehall insiders. The UK prime minister’s plans to reform academic post-16
Receive free Private equity updates We’ll send you a myFT Daily Digest email rounding up the latest Private equity news every morning. The Federal Trade Commission has brought its first antitrust lawsuit under chair Lina Khan challenging serial acquisitions by private equity firms, accusing Welsh, Carson, Anderson & Stowe of a “multiyear anti-competitive scheme” targeting