Blow

The US Securities and Exchange Commission (SEC) has faced another embarrassing setback, issuing an anti-cryptocurrency bill Proposal By the regulator it was completely closed before United States Senate. Stuart Alderotti,…

Breadcrumb Trail LinksPMN BusinessFor enthusiasts of Bitcoin, a once-every-four-years software update called the “halving” has long been held as one of the keys to propping up its value.Author of the article:Published Apr 14, 2024  •  5…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Carolina Senator Tim Scott has endorsed Donald Trump’s bid for the White House, delivering a significant win…

Tesla’s Dojo supercomputer project lead Ganesh Venkataramanan has left the company, according to people familiar with the matter, a setback to the automaker’s self-driving technology efforts. Venkataramanan, who has led the Dojo project…

Apple is putting an end to its credit card partnership with Goldman Sachs, yet another blow in the investment bank’s ill-fated attempt to push into the consumer banking space. The Wall Street Journal reports Apple has proposed exiting…

Deliveroo riders do not have the right to collective negotiations on pay and conditions, the UK’s top court has ruled, in a blow to gig economy campaigners and the unions that represent them. The Independent Workers’ Union of Great…

Stay informed with free updatesSimply sign up to the Chinese economymyFT Digest -- delivered directly to your inbox.China’s economy edged back into deflation last month, spurred by falling pork prices, as policymakers struggled to reignite…

In a recent development, asset manager Bitwise has withdrawn its application to transform its existing Bitcoin futures ETF (Bitwise Bitcoin Strategy Optimum Roll ETF) to one that invests in both Bitcoin and…

With just two weeks to his trial, FTX founder Sam Bankman-Fried (SBF) appealed his bail revocation ruling, hoping he would attend his trial from home when it commences. However, that is unlikely following the Court of Appeals order on…

No new offshore wind project contracts have been bought by developers at a key government auction, dealing a blow to the UK’s renewable power strategy. Results showed no bids for new offshore wind farms, but there were deals for solar,…