European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters. Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto assets, despite persistent warnings, Reuters reported. “He
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Year-ahead outlook season is upon us again and the déjà vu vibe is strong. This time last year, investors and analysts were busy telling the world about their key convictions about 2023. Chief among them:
Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications. A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is committed to transparently sharing information following a FOIL request from
XRP (XRP) price has dropped 18.5% from its local high of $0.67 on Nov. 23. And, it appears the cryptocurrency will suffer more selloffs in the coming weeks. XRP technicals hint at extended correction XRP has failed to break above a descending trendline resistance since January 2018. And, it fell short of logging a breakout
Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether’s price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improved decentralized applications (DApps) metrics, increased protocol
Bitcoin (BTC) may not see a $40,000 BTC price reclaim despite increasing excitement over a spot exchange-traded fund (ETF). In recent analysis, crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action. Trader: “Not sure” BTC price will reach $42,000 The dust continues to settle on
Donald Trump is planning to gut US President Joe Biden’s landmark climate law, increase investment in fossil fuels and roll back regulations aimed at accelerating the transition to electric vehicles if he is elected next year. Senior campaign officials and advisers to the former president said he would seek to radically overhaul US climate and
The cryptocurrency market recently experienced events that were previously expected to present a severe negative price impact, and yet, Bitcoin (BTC) trades near $37,000 on Nov. 22, which is essentially flat from three days prior. Such performance was utterly unexpected given the relevance of Binance’s plea deal on Nov. 21 with the United States Authorities
Wisconsin has released a request for qualifications from firms willing to serve as bond underwriters in either a senior manager or co-manager capacity. The state Capital Finance Office will set up pools of qualified investment banking firms, which it will use to designate underwriting syndicates effective through Dec. 31, 2026. Clarifications are due by noon
BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ” Zhao has agreed to step down as CEO
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Nati Harnik | AP Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter that the conglomerate is “built
In an exploration of median home prices for Q3 in the United States, Forbes found Iowa to be the lowest in the nation. In the state’s fastest rising market of Burlington, the median price per square foot was just $98, meaning with $4 million, one could theoretically purchase an over 40,000-square-foot home. By comparison, in
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription below: Caitlin Devitt (00:04):Hi and welcome to another Bond Buyer podcast. I’m Caitlin Devitt, Infrastructure Reporter for The Bond Buyer. Joining me today, my guest is Karol Denniston, an attorney with Squire Patton Boggs and the firm’s global projects partner, where
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada has withdrawn dozens of diplomats from India after the countries failed to resolve a dispute related to Ottawa’s claims that New Delhi may have been involved in the murder of a Canadian citizen. Ottawa
CoinList founder Andy Bromberg believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) are just “watered down crypto” and a sign the industry is heading in the wrong direction, amid growing hype over potential ETF approvals in the United States. Bromberg — also CEO of payments-focused wallet app Beam — told Cointelegraph: “If a Bitcoin ETF
Illinois’ rainy-day fund crossed the $2 billion threshold for the first time, following an $11.5 million deposit, the state comptroller’s office announced Monday. The fund has grown in size in recent years and now, at $2.005 billion, has enough money to run the sixth largest state for about 15 days compared to 2017 when it
Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down 14.6% year-over-year.
Florida’s labor force grew by 0.2-percentage points in October while the state’s private-sector employment increased 0.3% and the unemployment rate remained steady, FloridaCommerce reported. “Florida’s unemployment rate remains at a low 2.8% and we continue to see job growth month after month, bucking national trends,” Florida Gov. Ron DeSantis posted Friday on X, formerly Twitter.
Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily trading fee notched a
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