Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Brussels should not raise tariffs on imported Chinese electric cars, and doing so would risk “retaliation” against international brands in the country, the head of the Volkswagen brand has warned. The European Commission is investigating…
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Robinhood has warned of an impending lawsuit from the Securities and Exchange Commission over its cryptocurrency business, in a sign that a US regulatory crackdown on digital assets continues. The retail brokerage said in a filing…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ArcelorMittal has warned the UK government that one of its main divisions may be forced to leave the country if an application to redevelop a commercial port in south-east England is approved this week. The…
The FBI has issued a public service announcement today, warning Americans against using unregistered and non-Know Your Customer (KYC) cryptocurrency money transmitting services. JUST IN: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services. pic.twitter.com/BkSuG6MiCE — Bitcoin Magazine (@BitcoinMagazine) April 25, 2024 This announcement, identified as Alert Number I-042524-PSA, urged Americans…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Disposable vapes are to be banned in the UK as part of a drive to protect children’s health, as Prime Minister Rishi Sunak warned that youth vaping could become “endemic”. Sunak will on Monday also…
The IMF has also warned that AI could further broaden income and wealth inequality among countries. AI benefits and challenges would be key points of discussion at World Economic Forum (WEF) meeting in Davos. The International Monetary Fund (IMF) issued a cautionary statement, indicating that the proliferation of artificial intelligence (AI) could impact nearly 40%…
Despite Bitcoin’s surging price, block trades show restrained activity. The market sees more selling calls and buying puts, signaling cautious trader sentiment. A historically indicative signal for bearish positions is now suggesting positive prospects for Bitcoin (BTC) bulls. Investors in the world’s largest cryptocurrency are eagerly anticipating a crucial regulatory decision on a US exchange-traded…
The new 10x’s research extends beyond MicroStrategy, highlighting that several crypto-related stocks are trading close to fair value based on BTC price. In a recent report released by 10x Research, the company has raised concerns about the overvaluation of MicroStrategy Inc (NASDAQ: MSTR) shares. The research was led by Markus Thielen, the analyst who accurately…
Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry. In a recent interview with CoinDesk, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), voiced his concerns regarding the crypto industry, noting that the space is rife with fraud and bankruptcies. The SEC chair said…
Despite the potential negative impacts of AI, Musk also believes that AI would be a force for good and could even serve as a great friend and companion to users. During a recent AI Safety Summit in London, Elon Musk had a one-on-one discussion with UK Prime Minister Rishi Sunak about the future of artificial…
Though the anticipation for MiCA has gone into full throttle, ESMA has warned national regulators against allowing what it calls ‘letterbox’ entities. The European Securities and Markets Authority (ESMA) is wary of global crypto firms who might try to exploit loopholes currently present in its Markets in Crypto Assets regulation (MiCA). MiCA, whose rules are…
Stay informed with free updates Simply sign up to the Uday Kotak myFT Digest — delivered directly to your inbox. India must not let a handful of conglomerates “define its destiny”, the billionaire who founded one of the nation’s largest banks has warned, as he urged the country to aim for broader growth with many…