Mt. Gox trustee Nobuaki Kobayashi has officially changed the deadline for paying back the exchange’s creditors from Oct. 31, 2023, to Oct. 31, 2024. In a Sept. 21 letter, Kobayashi wrote that, with the permission of the Tokyo District Court, he had extended the deadline for the base repayment, the early lump-sum repayment and the intermediate
Receive free Oil updates We’ll send you a myFT Daily Digest email rounding up the latest Oil news every morning. Hedge funds are piling into the oil market betting that prices will soon pass $100 a barrel, adding impetus to a rally sparked by production and export cuts from Saudi Arabia and Russia. Riyadh’s extension
Receive free Federal Reserve updates We’ll send you a myFT Daily Digest email rounding up the latest Federal Reserve news every morning. For months, Jay Powell has tried to scotch hopes that the Federal Reserve will perform an abrupt about-face when it reaches the apex of its historic rate-rising campaign. The US central bank chair
Receive free Semiconductors updates We’ll send you a myFT Daily Digest email rounding up the latest Semiconductors news every morning. The writer is author of ‘Chip War’ What is the significance of Huawei’s new smartphone chip? The controversial Chinese telecoms company has attracted headlines because its new Mate 60 Pro phone has a sophisticated homegrown
While the Bitcoin network has continued to expand over the years, the Bitcoin mining industry has yet to see a comparable increase in carbon footprint — an achievement that a Bloomberg analyst argues “few industries can claim.” This, in turn, could drive the next wave of institutional investment. On Sept. 20, Bloomberg crypto market analyst
Receive free UK business updates We’ll send you a myFT Daily Digest email rounding up the latest UK business news every morning. The UK car industry will still have to meet mandatory electric vehicle sales targets from January, according to people briefed on the upcoming government rules, despite ministers pushing back a ban on petrol
Early Bitcoin (BTC) pioneer Hal Finney shared his vision for zero-knowledge proofs more than 25 years ago, a full decade before the launch of the first cryptocurrency, Bitcoin. The video, purportedly from the Crypto ‘98 conference held on Aug. 26, 1998, in Santa Barbara, shows Finney discussing in detail, the concept of zero-knowledge proofs — a
The team behind Balancer, an Ethereum-based automated market maker, believes a social engineering attack on its DNS service provider was what led to its website’s front end being compromised on Sept. 19, leading to an estimated $238,000 in crypto stolen. “After investigation, it is clear that this was a social engineering attack on EuroDNS, the
Receive free Chinese equities updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese equities news every morning. Foreign investors have dumped a further Rmb23bn ($3.15bn) of Chinese equities so far this month following record outflows in August, despite tentative signs of an improvement in the world’s second-largest economy. Selling through
Stay informed with free updates Simply sign up to the Saudi Arabia myFT Digest — delivered directly to your inbox. Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto leader, has said Palestinians would be “very important” in any deal to normalise ties with Israel, as the two countries move closer to a historic agreement.
Adult content creators have continued to shift towards decentralized versions of OnlyFans and Patreon, after recent payment difficulties and the ever-present threat of being de-platformed. Leon Lee, founder and CEO of Only1 — a decentralized version of OnlyFans — tells Cointelegraph there has been a recent power shift from intermediaries to content creators, thanks to
The Federal Reserve on Wednesday released projections from policymakers, known as the dot plot, signalling support for the funds rate to peak between 5.5% and 5.75% © Getty Images The Federal Reserve maintained its benchmark interest rate at a 22-year high on Wednesday, even as officials signalled support for further monetary tightening this year and
A group of decentralized finance (DeFi) protocols have teamed up to solve liquidity problems in the Cosmos ecosystem. The teams involved include cross-chain bridging protocol Wormhole, liquidity aggregator Swing, lending protocol Tashi, and Cosmos network Evmos. According to statements from two of the teams involved, Wormhole will register five new bridged tokens for use on
An ongoing legal battle over Florida’s attempts to take over the Miami-Dade Expressway Authority isn’t showing signs of abatement. Four years after Gov. Ron DeSantis signed off on a bill that sought to dissolve the toll road authority, known as MDX, and replace it with the state-managed Greater Miami Expressway Agency, or GMX, both parties
Municipals were steady Wednesday as U.S. Treasuries were mixed fiollowing the Fed’s decision to hold interest rates. Equities ended the trading session down. As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point
In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launched its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives on play-to-earn gaming. In other
Rishi Sunak’s weakening of Britain’s net zero targets has prompted ire among ecologists, business leaders and many of his own MPs. But the UK prime minister believes he can win public support for his package of delays and tweaks to policies that impose financial burdens on voters — while creating a political trap for the
Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs. BTC price digests Fed rate pause Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell. The Federal Open
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not signal an end to its aggressive rate hike campaign. For households, that offers little relief from sky-high borrowing costs. Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25%
Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Instacart — Instacart shares fell more than 5% one day after going public on the Nasdaq. The grocery deliver company’s stock debuted at $42 on Tuesday, 40% above its $30 offering price. Steelcase — The furniture stock soared more than 26%
Receive free Instant Insight updates We’ll send you a myFT Daily Digest email rounding up the latest Instant Insight news every morning. It’s easy to portray Rishi Sunak’s decision to dilute some net zero policies as simply a depressing, cynical move to create a wedge with Labour. It comes not long after the Conservatives won