An Ethereum (ETH) whale wallet that participated in the Genesis Initial Coin Offering (ICO) and obtained about 150,000 ETH in 2014 was activated again on Aug. 14 after three years of dormancy. The whale address transferred 145,000 ETH to multiple wallets as Ether price surged to a new 3-month high of over $2,000. The transfers
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Serial entrepreneur Bill Smith launched Landing in 2019. The furnished apartment rental firm expects $200 million in revenue this year by catering to the work-from-anywhere generation. Bill Smith steers his black Tesla X through the streets of downtown Birmingham, Alabama, and pulls into a low-rise apartment complex. “This used to be a brothel 100 years
Amid the rising cryptocurrency adoption in the Philippines, the country’s central bank is seeking measures to better protect investors through elevating local crypto awareness. The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), wants to promote crypto education as the authority sees a lot of benefits associated with crypto and blockchain, a BSP representative said
The city of Buenos Aires will deploy a number of Ethereum validator nodes in 2023. The statements were made by Diego Fernandez, secretary of Innovation and Digital Transformation of the city, who clarified this deployment will pursue exploratory and regulatory purposes and will help the city to develop regulations for cryptocurrencies. Buenos Aires to Deploy
China has cut a crucial lending rate in an effort to shore up growth as the world’s second-biggest economy is buffeted by repeated lockdowns and a worsening property downturn. The People’s Bank of China on Monday reduced the medium-term lending rate, through which it provides one-year loans to the banking system, by 10 basis points
Bitcoin (BTC) enters a new week with a bang after sealing its highest weekly close since mid-June — can the good times continue? After a volatile weekend, BTC/USD managed to restrict losses into the later portion of the weekend to produce a solid green candle on weekly timeframes. In what could shape up to be
Vaculug, a British company that brands itself as Europe’s largest independent tire retreader, will now accept cryptocurrencies for its products and services. Its management says the business must move with the times and offer customers more options than pounds and pence. Vaculug to Take Major Coins, Offer Contracts in Cryptocurrency U.K.-based tire retreading firm Vaculug
Europe’s office market faces the toughest conditions since the financial crisis, experts have warned, as rising interest rates and a surge in building costs threaten to choke off its recovery from the pandemic. Higher interest rates and a broader tightening in financial conditions have driven the cost for office owners of servicing their debt above
A decade or so on from the financial crisis, the singular sense of purpose that drove a frenzy of regulatory interventions has faded. Banks and insurers are so much safer now that regulators seem nonplussed about their resilience even as countries including the US and the UK flirt with recession, and the fallout from Russia’s
The writer is chair of Rockefeller International Today, India marks its 75th birthday, no richer relative to the rest of the world than it was at independence, but very much on the upswing. India started out as the world’s sixth-largest economy, fell to 12th by 1990, and has since staged a comeback — to sixth place. Its
Richard Rogers’ buildings are known for their inside-out architecture. The Inmos microprocessor factory in Newport, south Wales, completed in 1982, is no exception. Like the Pompidou Centre in Paris and the Lloyd’s headquarters in the City of London, the factory’s services run on the building’s exterior through multicoloured pipework, freeing the chipmaking “clean rooms” of
“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’ slides. Shoes symbolize the first step in every development, says Berger who invested efforts in making sure Europe’s upcoming crypto legislation gets the backing of
Liz Truss, the Tory leadership favourite, has ruled out splitting up the UK Treasury if she becomes prime minister next month, but she will turn Number 10 into an “economic nerve centre” calling the shots on economic policy. Truss believes that many of Boris Johnson’s problems as prime minister arose because he did not have
Founder and managing partner of Skybridge Capital, Anthony Scaramucci, has an optimistic outlook for the future of crypto markets, advising investors to “see through the current environment” and “stay patient and stay long term.” In an interview with CNBC, the hedge fund manager spoke about his belief that several recent developments in the crypto space
Clamping down on crypto applications that “mess with the primal forces of regulation” is necessary, says Shark Tank host and millionaire venture capitalist Kevin O’Leary, who argued that Tornado Cash and similar services are preventing real institutional capital from coming into the space. In a discussion on Crypto Banter on Saturday, O’Leary, also known as
The Acala Network’s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to pause a hacker’s wallet, raising concerns about its claim of being decentralized. On Aug. 14, a hacker took advantage of a bug on the iBTC/aUSD liquidity pool which resulted in 1.2 billion aUSD being minted without collateral.
Skybridge Capital is “pretty optimistic” about bitcoin and ethereum over the next 12 to 24 months. The global asset management firm’s founder explained that the world’s largest cryptocurrency could reach $300K in six years, urging investors to “just relax” and “stay long-term.” Skybridge Optimistic About Bitcoin and Ethereum Anthony Scaramucci, founder and managing partner at
Mohammad Daud had not visited his relatives for around five years. The 32-year-old in the southeastern Afghan city of Jalalabad avoided the long trip to their rural district, fearing he might be harassed, kidnapped or killed by thieves or the Taliban along the way. In recent months, however, he has visited repeatedly, going to meet
Afghanistan has two anniversaries coming up. Friday is Independence Day, commemorating the signing of the Treaty of Rawalpindi in 1919, in which Britain granted Afghanistan self-determination over its foreign affairs. However, most will be more concerned with Monday, which marks a year since the Taliban regained control. This week also begins with the 75th anniversary
Brexit has exacerbated the UK’s labour shortages over the past year, with industries most reliant on freedom of movement hit hard, according to a report led by academics from Oxford university. The research found that in parts of the economy such as hospitality and corporate support services there had been large declines in the number