Stablecoin issuer Circle has launched Euro Coin (EUROC) on Avalanche, a move that aims to deliver faster and more efficient payments and financial services for developers and users. In an announcement sent to Cointelegraph, the Circle team said that the launch is part of their multi-chain strategy for EUROC. The team said that the availability
“I’m never gonna bother with that bullshit again,” says Bitcoin OG Michael Tozoni about getting a crypto home loan to invest in property. After becoming wealthy-ish with Bitcoin investments, Tozoni sensibly decided to diversify. Not wanting to sell off his crypto, he had grand plans to borrow to buy investment properties and use the rental
Often in politics, a bad idea turns up when its time has finally come. The current contender in the UK is the belief that a few tweaks to pension rules will flood dynamic companies with much-needed funds, save the troubled stock market, improve returns for future pensioners and resolve the longstanding weakness in business investment.
Prime Minister Rishi Sunak sought to reassure the public he had a grip on migration after official figures on Thursday showed net long-term arrivals in the UK reached an all-time high of 606,000 in 2022. But the Office for National Statistics’ figures suggest measures announced this week to stop overseas students bringing family members with
On Episode 21 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks to Lukas Schor, co-founder and head of ecosystem at decentralized custody protocol, Safe. Schor breaks down how account abstraction is an overhaul of regular asset management processes and an improvement to existing wallet recovery options. Safe Wallet leverages smart account features to
Fitch Ratings has warned it may downgrade the United States’ AAA credit amid a worsening showdown over the country’s debt limit. The agency late Wednesday put the nation’s issuer default rating on rating watch negative. The warning comes as Washington has been unable to reach a deal to avoid breaching the nation’s $31.4 trillion debt limit,
In this article CCL AEO SNOW BBY NVDA Follow your favorite stocksCREATE FREE ACCOUNT The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making the biggest moves in premarket trading Thursday: Nvidia — Shares soared 28% after the
Nvidia’s blowout earnings have set the Silicon Valley company on course to become the first chipmaker to be valued at more than $1tn, as booming demand for its artificial intelligence processors drove semiconductor stocks higher on Thursday. Shares in Nvidia were up 25 per cent in pre-market trading after its $11bn sales forecast for the
The great home price deflation is already upon us. Prices in some parts of the country are already down ten percent from the peak in May-June of 2022 and will drop more – maybe another ten percent. In this situation it’s best for investors to sit on the sidelines for a while, at least until
Sometimes it’s hard to start over with a completely clean slate. But, with housing, that’s the opportunity and that’s what Veev’s CEO and co-founder Amit Haller did when he launched the company in 2008 and what he has continued to do every day since. Reimagining housing without the normal dictates of stakeholder operations has allowed
Kevin McCarthy, the Republican Speaker of the House, has a tendency to liken himself to Babe Ruth, the American baseball legend. In a speech at the New York Stock Exchange last month, he quoted the sports hero, saying: “You just can’t beat the person who never gives up.” McCarthy, 58, made history in January when
While the Russian ship Lady R docked at the South African port Simon’s Town last December, it was loaded with arms intended to kill Ukrainians, says the US. For Europeans, the news was as baffling and upsetting as India guzzling Russian oil, or Brazil’s president Lula blaming Russia and Ukraine equally for the war. We’re right
Blowout earnings from chipmaker Nvidia helped push US stock futures higher on Thursday, after global markets had fallen in recent days on concerns about the possibility of US government default. Contracts tracking Wall Street’s benchmark S&P 500 rose 0.6 per cent and those tracking the Nasdaq 100 rose 2 per cent ahead of the New
Good morning. Sometimes the obvious conclusion is the right one. The UK’s persistently high inflation is bad news for households, bad news for businesses and as a result it is bad news for the government’s hopes of getting re-elected. But some things are less obvious: just in this morning, the UK’s record net migration figure
Net immigration to the UK rose to a record high of 606,000 in 2022, driven by rising numbers of people from outside the EU, including from Ukraine and Hong Kong. The figures fell short of estimates of about 700,000 but remain far above the Conservative government’s 2010 pledge to reduce net immigration to the “tens
Six individuals seeking to overturn the United States Treasury’s decision to sanction crypto mixer Tornado Cash have just relayed four key arguments in support of their motion. In a May 24 filing in support of a prior motion for partial summary judgment, the individuals argue that the “case is not about carving out special rules for
Turkey’s presidential election run-off takes place this Sunday with the incumbent, Recep Tayyip Erdoğan, likely to win the election. He has not left victory to chance, practising monetary and regulatory manipulation right up to polling day to delay an all-too-possible financial crisis till after his return to office. Erdoğan has subverted monetary policy for more
Artificial intelligence is more of an opportunity than a threat for creative industries, the head of Europe’s biggest media group has said in defiance of warnings about the dangers of generative AI. Thomas Rabe, chief executive of the German business that owns the book publisher Penguin Random House and the music label BMG, said that
Over an Italian dinner at Elio’s on New York’s Upper East Side two years ago, Ted Pick and Andy Saperstein promised each other that a brewing succession battle at Morgan Stanley would not devolve into the kind of back-stabbing common at other banks. Colleagues for 15 years, they had just been promoted to co-presidents, marking them out
I was once, as an intern, told by a veteran reporter that if I was ever asked the classic “What do you think makes a good journalist?” question in a job interview, there was only one correct answer: paranoia. I confess to having been somewhat perplexed at the time, but 10 years later, I get
When private equity investors put nearly half a billion dollars into Vice Media in 2017, co-founder Shane Smith hinted that the cash would help his digital media company achieve a public listing that “would look very sexy”. Speaking at an advertising festival in Cannes, with sunglasses on and the French Riviera behind him, the blustering