In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users that enroll to become active in Web3 will be rewarded with a month-long video streaming subscription. Africans Embracing Blockchain Cryptocurrency exchange Binance said it has
Should the US defend Taiwan? This is not an abstract debate. Over the weekend, Beijing simulated bombing raids on the island, while its navy encircled Taiwan. In response to the steady escalation of Chinese military pressure on the island, President Joe Biden has promised — four times — that the US would defend Taiwan from
More than half of all Bitcoin (BTC) in circulation has not been touched for two years, according to data compiled by the crypto analytics platform Glassnode. On April 10, crypto influencer Anthony Pompliano highlighted that 53% of Bitcoin’s circulating supply has been inactive in the last two years. Citing data published by Glassnode, Pompliano pointed
The Chinese navy has conducted 120 flight sorties from an aircraft carrier over the past three days, Japan said on Monday, highlighting the concerns that Beijing’s war games around Taiwan have raised for the US and its allies in the Indo-Pacific region. Fighter aircraft took off and landed 80 times on the Shandong, China’s second
The People’s Bank of China (PBOC) reported an increase in the country’s gold reserves of 18 tons in March, continuing its buying spree. China has consistently added to its gold reserves since November, purchasing more than 100 tons in the last five months. The Asian state now has 2,068 tons in its coffers. China Purchased
Shares in a number of Chinese companies soared more than 100 per cent on Monday, as the first batch of initial public offerings under a new streamlined listings regime debuted in Shanghai and Shenzhen. The top gainers among the 10 new launches included Shenzhen CECport Technologies, an electronics distributor, whose shares rose as much as
Amid the growing discussions around Donald Trump, guns and other topics tied to politics and entertainment, Bitcoin (BTC) continues to maintain its position as the most Googled term in the United States. A search volume comparison based on Ahrefs data revealed that Americans care more about Bitcoin, with Nevada taking the spot as the “most
Bitcoin (BTC) starts the week on a firm footing as bulls send BTC price to a new ten-month high weekly close. After a relatively calm week, last-minute volatility is getting traders excited at the prospects of a repeat attack on $30,000 resistance — but a lot stands in the way. In what is set to
U.S. President Joe Biden decided to extend the sanctions that the U.S. government enacted against Russia for one more year, arguing that the country continues to pose a threat to the security of the nation. Biden had talked about these sanctions before, explaining that the only option besides enacting them would involve a direct international
Ripple’s XRP (XRP) is not a security because it does not fit the definition of an “investment contract,” the “only” legislative definition that it could “possibly” fit, according to Jeremy Hogan, a partner at the law firm of Hogan & Hogan. In a series of tweets on April 9, Hogan explained that, in his opinion,
A 689 Ether (ETH) reward worth $1.28 million has been paid from a single Miner Extractable Value (MEV)-boost relay block on the Ethereum Beacon Chain in one of the largest rewards in recent months. Ethereum liquid staking solution Lido was paid the reward from block number 17007842 on the Beacon Chain — which was finalized
Ethereum staking deposits have declined slightly in recent weeks due to increased regulatory pressure and the Shapella upgrade slated for April 12. On April 9, on-chain analytics provider Glassnode reported on the current state of the Ethereum staking ecosystem. The data revealed that deposit activities are currently low “due to regulatory pressure and the Shanghai
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and
When Washington introduced expansive controls in October restricting chip and equipment exports to China, it was accused by Beijing of “bullying” its tech sector and “violating the spirit of co-operation”. Such responses, amounting to little more than verbal bluster in response to a slow strangling of semiconductor supplies, reflected Chinese industry’s reliance on foreign chip
Making companies publicly disclose the amount of tax they pay on a country-by-country basis could curb international tax avoidance and cut the risks of damaging disputes with local authorities, according to campaigners who are pressing the issue on US boardrooms. A coalition of investors and activists is seeking shareholder support for increased tax transparency at
The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Let’s start with the good news. The flashing red light resulting from a speed-of-light run on the US banking system, or what economists broadly refer to as financial contagion, is behind us. Yet it is too early for policymakers to
The writer is chair of Rockefeller International The irony of the Silicon Valley Bank saga is now complete. The crisis started inside the American tech sector’s favourite bank, but the government rescue has benefited Big Tech the most. As calm returns to the market, fuelled by megacap tech stocks, investors are naturally relieved. They need
The writer is an FT contributing editor, the chair of the Centre for Liberal Strategies, Sofia, and fellow at IWM Vienna It is “la lutte finale” in many democracies around the world today. The memorable line about the “final struggle” from the old socialist hymn “The Internationale” is a fitting refrain for much contemporary democratic
From Canary Wharf in London to La Défense in Paris and Frankfurt’s Bankenviertel, the logos of major banks adorn Europe’s grandest office buildings. But there is early evidence that these buildings could become liabilities for banks and investors as they are buffeted by rising costs and post-Covid workplace changes. Offices are the largest component of
First-time buyers in the UK are selecting smaller properties in the face of rising mortgage costs, in a sign that many prospective purchasers are compromising on the size of their first home rather than staying in the tight rental market. Most first-home buyers chose a one- or two-bedroom property in the first quarter of 2023
Total pay for bosses at some of the UK’s largest companies rose by more than a tenth last year, further adding to the scrutiny expected from shareholders at annual meetings at a time when many employees face cost of living pressures. Median overall pay for FTSE 100 chief executives increased by 12 per cent to