China to protect NFTs In a surprise move, the Chinese government has guaranteed legal protection for NFTs. In response to a series of often conflicting judicial opinions on the state of cryptocurrency in the country, the Chinese government has officially issued a legal commentary on dealing with cases of nonfungible tokens (NFTs) theft and their status as
Municipals were mixed Thursday, largely sitting out another swing to higher yields in U.S. Treasuries after Federal Reserve Chairman Jerome Powell said the central bank would not hesitate to hike interest rates further if needed. Equities sold off. Triple-A yields barely budged while USTs saw yields rise by 10 to 14 basis points following a
Voters in Maine rejected a much-debated proposal to replace the state’s two largest power providers with a public utility company in Tuesday’s election. Question 3 on the ballot, which asked voters to approve the state takeover of for-profit power providers Versant and Central Maine Power Company and the creation of a non-profit, publicly owned utility
Moody’s Investors Service has revised its outlook for not-for-profit healthcare to stable from negative citing an expectation that an uptick in revenues will outpace expenses as the industry gets a handle on labor costs. The uptick in revenues comes from a modest rebound in patient volumes and higher reimbursement rates, Moody’s analysts wrote in a
In this article Follow your favorite stocksCREATE FREE ACCOUNT Traders working at the New York Stock Exchange (NYSE), on Sept. 20th, 2023. NYSE It’s quiet out there in IPO land — very quiet. This is it: the weeks before Thanksgiving usually bring a spate of large IPOs eager to go public before the holiday season
AI Arena AI Eye chatted with Framework Venture’s Vance Spencer recently and he raved about the possibilities offered by an upcoming game his fund invested in called AI Arena in which players train AI models how to battle each other in an arena. Framework Ventures was an early investor in Chainlink and Synthetix and three
Poverty in the United States presents a complex mosaic of challenges and disparities. As the latest census data reveals — Census Bureau’s 2022 American Community Survey — poverty rates continue to ebb and flow across the 50 states, each grappling with its unique economic, social, and demographic factors. We analyzed data on poverty rates by
Chainlink’s LINK (LINK) token experienced a remarkable 26% surge between Nov. 2 and 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the price action is a welcome sight for traders, is Chainlink’s current valuation of $8.1 billion justified?
In a troubled world, booming demand for American military weaponry has left the country in need of billions of dollars more in armaments than it can currently produce. West Virginia is trying to meet that need. Though its footprint in the national defense sector is small, representing just .1% of the $558.7 billion in defense contracts
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The UK’s tax authority has warned that it faces additional costs this year as 1.2mn extra people are pulled into the tax net because of higher earnings and savings rates. Jim Harra, chief executive of
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares
Cincinnati will sell its Cincinnati Southern Railway system — the last municipally owned railroad in the country — and use the proceeds to create a permanent investment fund for infrastructure needs under a measure narrowly approved by voters Tuesday. The city will net $1.62 billion in the deal, considered one of the few instances of
Ivanka Trump, assistant to U.S. President Donald Trump, listens during an American Workforce Policy Advisory Board meeting in the East Room of the White House in Washington, D.C., U.S., on Friday, June 26, 2020. Al Drago | Bloomberg | Getty Images Ivanka Trump, the eldest daughter of former President Donald Trump, is scheduled to testify
Visitors around the Charging Bull statue near the New York Stock Exchange, June 29, 2023. Victor J. Blue | Bloomberg | Getty Images The S&P 500 is up 14% this year, but just eight days that explain most of the gains. If you want a simple indication of why market timing is not an effective
House for sale in Millbrae, California. Xinhua News Agency | Xinhua News Agency | Getty Images Mortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month. Total mortgage application volume rose 2.5% last week, compared with the previous week, according to the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Voters are heading to the polls in several states across the US on Tuesday, in off-year elections that will be seen as an indicator of which way the political winds are blowing for President Joe
Bitcoin (BTC) mining heavyweights Marathon Digital and Riot Platforms are among the most overvalued crypto mining companies relative to their competitors, says MinerMetrics founder and analyst Jaran Mellerud. The key metric backing Mellerud’s claim is enterprise value-to-sales ratio — measuring a company’s value to its sales revenue. The higher the ratio, the more overvalued a
Several large new-issues priced into a stronger market with munis seeing gains across the yield curve amid constructive secondary activity as U.S. Treasuries pared back some of Mondays losses and equities also improved. Triple-A yields fell three to five basis points while USTs made gains up to eight basis points out long. The two-year muni-to-Treasury
Who is this person anyway? Irene Zhao, the Simp-Queen mastermind behind the SO-COL platform and a Crypto Twitter influencer, explains that having a celebrity in your corner can turbocharge your NFT collection. Zhao’s first Simp DAO and NFT collection, IreneDAO, started with a floor price that was basically pocket change in ETH. “I think it
Let’s say you’re in the market for a regal Las Vegas spread that’s close to The Strip and big enough for 20 of your BFFs to each have their own bedroom. You’re in luck. A sprawling compound with 10 buildings on almost 16 acres in a gated golfing community has come on the market at
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