Cryptocurrencies like Bitcoin (BTC) have been widely described as going through a bear market in 2023, but this may not exactly be the case, according to indicators such as the website traffic of certain crypto platforms. Some major cryptocurrency websites, such as Binance and Coinbase, have seen a significant traffic drop in 2023, but there
Artistgndphotography | E+ | Getty Images The Federal Reserve is likely to pause its aggressive interest rate hikes when it meets this week, experts predict. But consumers may not feel any relief. The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s. Yet recent
Receive free Lex updates We’ll send you a myFT Daily Digest email rounding up the latest Lex news every morning. Five years ago, SoftBank chief executive Masayoshi Son announced that he had narrowed his focus and picked out artificial intelligence as the single most important investing theme. The Japanese tech group’s founder had spent more
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. PayPal – Shares of the payments giant fell more than 1% premarket after MoffettNathanson downgraded the stock to market perform from outperform and
Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. The UK car industry has called for tax incentives to help motorists switch to electric vehicles to offset a weakening demand for battery models among private buyers. “Our EV market is emerging from
Canadian Bitcoin mining firm Hut 8 is set to wrap up its planned merger with US Bitcoin (USBTC) following final approval from the Supreme Court of British Columbia. Hut8 and USBTC announced the move in February 2023, which was subject to shareholder and regulatory approval. The merger will see Hut 8 and USBTC form Hut 8
Bitcoin (BTC) hit new month-to-date highs on Sept. 18 as a strong weekly close cemented a bullish start to Wall Street trading. BTC/USD 1-day chart. Source: TradingView Trader cautions on surging Bitcoin open interest Data from Cointelegraph Markets Pro and TradingView tracked over 3% BTC price gains on the day, with Bitcoin breaking $27,000 for
It’s a foregone conclusion the Federal Open Market Committee won’t raise the fed funds target rate at its Sept. 19-20 meeting, so the market will concentrate on the updated Summary of Economic Projections and Chair Jerome Powell’s press conference. “The Fed will try to deliver a hawkish hold on September 20, also driving home the
When you think of building a solidly constructed home, you most likely do not think about foam as being part of it. There are builders using it though, for good reason. When it is used in home construction—maybe as a marketing tactic—it’s not typically referred to as foam in the specification process, but rather as
Receive free Hedge funds updates We’ll send you a myFT Daily Digest email rounding up the latest Hedge funds news every morning. A build-up of leveraged bets has the potential to “dislocate” trading in the $25tn US Treasuries market, the umbrella group for central banks said, the latest high-profile warning over the potential for crowded
Receive free Protectionism updates We’ll send you a myFT Daily Digest email rounding up the latest Protectionism news every morning. “Trade freely with China and time is on our side.” That was the confident view of George W Bush, the former US president, in the run-up to China joining the World Trade Organization in 2001.
Receive free S4 Capital updates We’ll send you a myFT Daily Digest email rounding up the latest S4 Capital news every morning. S4 Capital, the advertising group founded by Sir Martin Sorrell, lost about a quarter of its value on Monday morning after the latest in a series of warnings over revenues and profits. The
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. European and Asian stocks retreated on Monday as investors worried that flagging global demand could weigh on the chipmaking sector. Europe’s region-wide Stoxx Europe 600 fell 0.5 per cent, dragged lower by healthcare and utilities
Bitcoin (BTC) starts the new week with optimism as traders greet the first green weekly candle in over a month. BTC price strength appears to be gradually improving after a weak August and start of September, with BTC/USD climbing toward $27,000. A solid weekly close provides the backdrop to what promises to be an interesting
After two years of development, a group of Ethereum idealists are close to launching their zero-knowledge EVM (Ethereum Virtual Machine) — Scroll — developed with Ethereum’s values in mind. While there are already several zero-knowledge EVMs in existence today, Scroll co-founder Ye Zhang told Cointelegraph at Token2049 that the project was “idealistic” as the team
Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. Detroit is on strike. As of last Friday, the United Auto Workers of America, which represents roughly 40 per cent of all industry employees in the US, is taking on the “big three”
Shouts of “God is Great, a survivor!” and “call an ambulance” rang out from onlookers as rescue teams searched through the rubble of a collapsed building in the eastern Libyan city of Derna. An hour later on Saturday evening rescuers were still working but no one had been found. Efforts to find survivors continued over the
The writer is chief executive of the NHS Confederation The full ramifications from the case of serial child killer Lucy Letby won’t be known until the inquiry is complete. In the immediate aftermath, however, questions have been raised as to why senior National Health Service managers are not regulated in the same way as doctors,
One of the biggest names in Russian rock music — perhaps the biggest of all — is now listed as a “foreign agent” in his homeland, a designation that taints Boris Grebenshikov as an anti-patriot, even a traitor. The charge meets with an amused shrug. “Ah, I’m always on a list!” he says, laughing. “In
Western companies that have continued to operate in Russia since Moscow’s full-scale invasion of Ukraine have generated billions of dollars in profits, but the Kremlin has blocked them from accessing the cash in an effort to turn the screw on “unfriendly” nations. Groups from such countries accounted for $18bn of the $20bn in Russian profits
Receive free UK interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest UK interest rates news every morning. Financial markets and economists are expecting the Bank of England to raise interest rates by another quarter point at its meeting on Thursday, taking the cost of borrowing to 5.5 per