Hints and tips:
Related Special Reports
...“Bitcoin is going to be worth more in the future than it is today,” said Asher Genoot, chief executive of Hut 8, a US miner....
...Airbus’ 2023 year-end backlog stood at 8,598 aircraft. It delivered 735 aircraft, an 11 per cent increase year-on-year....
...Join me and fellow colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...The yen weakened 0.8 per cent against the dollar to ¥150.36 for the day....
...The city’s benchmark Hang Seng index rose 1.3 per cent while the Hang Seng Tech index increased 1.7 per cent and the Hang Seng China Enterprises index of large cap stocks added 1.8 per cent....
...South Korea’s currency fell 0.8 per cent against the dollar to Won1390.90....
...It suffered the biggest drop among major currencies in the world this month, falling nearly 4 per cent. The currency has lost 8.7 per cent of its value this year....
...Taken at face value, this suggests that $1bn of inflows leads to ~8% returns for Bitcoin....
...Email me at philip.stafford@ft.com Join me and fellow colleagues at FT’s flagship Crypto and Digital Asset Summit on May 8-9 in London....
...Second and third on the list are Venezuela (0.8 per cent of GDP) and Moldova (0.7 per cent). Tax haven use is common in both crypto and tradfi, of course....
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...Email me at philip.stafford@ft.com Join me and my colleagues at the FT’s flagship Crypto and Digital Asset Summit on May 8-9 in London....
...Looking at the historical performance, any one of them can be down 8 per cent one month, up 34 the next, down 0.5 the month after that and then up 16 again....
...Ether, the second most popular cryptocurrency, is down 8 per cent in the past week. Rival coins dogecoin and cardano are down 4 per cent and 12 per cent respectively....
...South Korea’s currency declined 0.8 per cent to trade at Won1,330.50 per dollar, the yen slid 0.3 per cent to ¥146.15, while the Australian dollar fell 0.7 per cent to US$0.66....
...Hong Kong’s benchmark Hang Seng index led early gains, rising 1.8 per cent. Mainland China’s CSI 300 index edged up 0.2 per cent....
...The administrators have agreed to sell about two-thirds of the 8 per cent stake in Anthropic for about $884mn to a group of 22 investors, including ATIC and Jane Street, according to filings on Friday....
...Argentina’s economy has entered a severe recession, with the IMF predicting a 2.8 per cent contraction this year....
...BlackRock’s operating margin improved to 35.8 per cent, slightly better than analysts expected....
...As of Friday afternoon, the single currency was down 1.8 per cent on the week, the biggest weekly decline since September 2022....
...Under Sam Bankman-Fried, FTX spent $500mn on a near-8 per cent stake....
...The Reserve Bank of Australia’s preferred measure, the trimmed mean, came in at 4 per cent, also beating a Reuters forecast of 3.8 per cent....
...The group said it had received 2,319 gross orders and 2,094 net orders after allowing for cancellations to the end of December last year....
...It was nice business: gold pans, retailing at 20 cents before 1849, were soon going for $8....
...Within hours of touching the milestone, however, bitcoin had fallen more than 8 per cent to about $62,000....
International Edition