An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technology. The legitimacy of Luxor’s hashrate-backed product was highlighted in an Oct. 17 What Bitcoin
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New legislation to mandate annual North Sea oil and gas licensing rounds will be at the heart of the King’s Speech on Tuesday, as Rishi Sunak looks to exploit a key policy divide with Labour
A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. “The CCS
In this article TGT T MCD C ARCC Follow your favorite stocksCREATE FREE ACCOUNT A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images The ongoing market volatility continues to add to investors’ woes, making it difficult for them to pick the right stocks. However, it is
I If you’re new to real estate or the professional world, a quick online search could lead to a long list of possible jobs. As you look for the right fit, keep in mind that the hunt is often highly competitive. Simply filling out a job application online and hoping for the best might not
Top Stories This Week Sam Bankman-Fried found guilty, what’s next for the ‘crypto king’? Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of wire
US secretary of state Antony Blinken was set to meet Arab envoys in Jordan on Saturday as fierce battles raged between Israeli forces and Hamas fighters on the outskirts of Gaza City. The fighting picked up pace after Israeli prime minister Benjamin Netanyahu rejected a US plea on Friday for a “humanitarian pause” to allow
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett’s Berkshire Hathaway continued to sell off stakes in publicly traded companies, shedding more than $5bn of exposure to US and foreign stocks in the third quarter as the firm struggled to find appealing
Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher. BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading. The largest cryptocurrency saw a revisit of intraday
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Company: VF Corporation (VFC) Business: VF Corp. is a consolidator of consumer footwear and apparel brands. It engages in the design, procurement, marketing and distribution
Antony Blinken returned to the Middle East on Friday with a publicly declared mission of convincing Israel to use restraint in its war in Gaza and to press for humanitarian pauses. But the US secretary of state arrived with another goal as well: to start talks on what will follow the war. The increasingly bloody
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is a member of Abba, founder of Pophouse Entertainment and president of CISAC Expectations were sky-high. It was November 22 1968 when Benny Andersson carefully removed the plastic sleeve from The Beatles “White”
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. In a white-collar working environment, at least a British one, which member of staff would receive the following compliment? “She just runs the place, that’s all!” Or how about this one, which might come
Just a few weeks ago, the Rustom Bakery in southern Gaza was offering customers pizzas, shawarma sandwiches and Thai wraps, and even had a delivery service. But after four weeks of constant Israeli bombardment, the bakery in the town of Khan Younis can only produce a single basic item: thin flatbread loaves for which thousands
Municipals rallied Friday across the curve sending triple-A yields lower by as much as 13 basis points as they continued to play catch up to the moves in U.S. Treasuries, which also saw more gains after a weaker jobs report further signaled Fed rate hikes may be done. Equities closed the week in the black.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jobs growth in the US slowed sharply in October, according to a fresh labour market report that is likely to shape interest rate expectations for the world’s biggest economy. US employers added 150,000 new roles
Two major offshore wind projects in New Jersey got the ax as their developer, Danish energy company Ørsted, reassesses its U.S. portfolio citing sustained inflation and rising construction costs. Mads Nipper, Group President and CEO of Ørsted, on Tuesday said the company was “extremely disappointed” to cancel Ocean Wind 1 and 2, a pair of offshore wind
The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the trademarked
The notion of channeling federal dollars devoted to infrastructure improvement into affordable housing including office conversions located near mass transit is picking up steam. Quantifying the possibilities and costs offered by the concept remains elusive but recent research is revealing new possibilities. “We end up concluding something on the order of 10% of the existing
Bitcoin (BTC) soared above $35,000 on Nov. 2 and that may have sucked in the aggressive bulls who speculated that the next leg of the up-move was beginning. However, the price quickly turned around and fell back below $35,000 signaling that the breakout may have been a fake move. A mild correction during an uptrend
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