The Bitcoin (BTC) network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading layer-two solution, the Lightning Network and Segregated Witness (SegWit). The Taproot
Bitcoin (BTC) traded above a key zone into the weekly close on Nov. 13 after the successful activation of the Taproot soft fork. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView What ETF rejection? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding above $64,000 at 10 am UTC Sunday. The pair had gained in
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Anton Bukov, co-founder of 1inch Network, a distributed network of decentralized protocols. Anton has been writing code for
News that two teams of Chinese scientists have achieved quantum advantage — a technical term for when a computer can perform functions beyond that of a classical computer — may be the signal that we have truly entered a new era. While Google’s 54-qubit quantum processor, Sycamore, became the first widely known example of early-stage
Bitcoin’s (BTC) bullish sentiment received a minor setback on Nov. 12 afte the Securities and Exchange Commission (SEC) rejected VanEck’s Bitcoin exchange-traded product that planned to track Bitcoin’s spot price. However, this negative development was followed by the successful activation of the Taproot soft fork on November 13. Bitcoin developer Hampus Sjöberg, who runs a
Index-fund investors who didn’t sell into a crashing stock market in March should be pleased, as the S&P 500 has returned 1% in 2020. That’s despite a drop of as much as 30% earlier this year. Active fund managers want to beat the S&P 500 Index SPX, -0.82%, but most can’t do it because it’s
A registered general securities representative has agreed to pay $10,000 to settle Financial Industry Regulatory Authority charges that he violated the Municipal Securities Rulemaking Board’s fair dealing rule when he provided incorrect and misleading account reports to a customer. Antoine Nabih Souma agreed to pay the fine and be subject to a two-month suspension from
A federal judge in Michigan signed off on a $626.25 million settlement that resolves litigation over the state’s role in the Flint water contamination crisis, closing one chapter of the debacle as legal cases proceed on other tracks against former state officials and bond underwriters. The state sold $603 million of taxable bonds in June
Municipal market lobbyists are pushing for the restoration of tax-exempt advance refunding in the Senate version of Build Back Better, arguing that the loss of the financing tool has cost issuers more than $10 billion. “There is definitely support on the Senate Finance Committee for [tax-exempt] advance refunding,” said Emily Brock, director of the federal
As environmental, social and governance factors have become more important to investors in the municipal market, more market participants are jumping into the space to provide ESG data and analytics. Intercontinental Exchange this week expanded its reference data coverage to now include two million fixed-income instruments, including municipals, in an effort to provide greater transparency
Residents in the San Diego area and across the Mexico border in Tijuana, received welcome news when the U.S. Environmental Protection Agency announced plans to move forward on $627 million of investments in water quality projects. The projects, which will now undergo environmental review, will capture and treat sewage that routinely flows from the Tijuana
Gov. Phil Murphy’s surprisingly narrow re-election victory and Senate President Steve Sweeney’s stunning loss to an unknown resonated well beyond New Jersey. National pundits flagged the election-night drama, along with Republican Glenn Youngkin’s gubernatorial victory in Virginia over Terry McAuliffe and other developments, as warning signs for Democrats heading into national midterm elections. New Jersey
Raising the cap on state and local tax deductions to $80,000 from $10,000 would reduce the federal income tax liability by $55.9 billion in 2021, making it less concentrated among those with the highest incomes and making it $35.3 billion cheaper for the government than repealing the SALT cap altogether. That was the takeaway from
The Municipal Securities Rulemaking Board has re-established two key advisory groups for its 2022 fiscal year: the Compliance Advisory Group (CAG) and the Municipal Fund Securities Advisory Group (MFSAG). The MSRB is also seeking input on topics it should consider in developing compliance resources and tools for municipal fund securities. In a November 11 announcement,
Municipal bonds were slightly weaker Friday inside 10 years, but trading was light and munis still outperformed U.S. Treasuries, which weakened further on the day from Wednesday’s large sell-off. Investors put nearly $2 billion into municipal bond mutual funds for the most recent week with high-yield reversing a downward course to hit $1.2 billion following
Two sets of teachers’ unions and a judiciary association filed separate challenges to a Puerto Rico Oversight Board pension law interpretation the board has said is necessary to enact of the Plan of Adjustment. The teachers’ unions filed in the final hour before the 5 p.m. AST Friday deadline that Puerto Rico bankruptcy Judge Laura
Saif al-Islam, a son of former Libyan dictator Muammer Gaddafi, has formally registered as a candidate in his country’s presidential elections due to be held on December 24. His entry into an unstable political scene divided between squabbling factions is expected to further complicate efforts to hold the election. The ballot is seen by the
The writer is the author of ‘How to Own the Room: Women and the Art of Brilliant Speaking’ It has become an unquestioned truism of the pandemic era to believe that more people than ever before are having a career wobble. They’re calling it The Great Resignation. Why not throw everything up in the air and
Divisions, commutes, workloads — and bras — were some of the issues raised by worldwide respondents to an FT reader survey on the return to the office. More than 1,000 readers — from London to Qatar — shared their concerns and hopes. There was optimism about hybrid work, a blend of office and remote working,
Are real estate prices today the equivalent of bread prices? It’s a question that was recently asked by a trade union leader in Germany, where there has been a push to seize corporate-owned rental units and put them in public ownership. Many Dutch cities want to ban investors from buying cheap homes to rent out.
US Treasury secretary Janet Yellen said controlling Covid-19 was key to taming inflation, as Joe Biden’s administration tries to stop rising prices derailing the US economic recovery and the president’s legislative agenda. “The pandemic has been calling the shots for the economy and for inflation,” Yellen said, speaking on CBS’s Face the Nation programme. “And
Airbus has secured a multibillion-dollar order for 255 single-aisle jets from veteran airline investor Bill Franke, a deal that underlines the plane-maker’s forecast that the industry is poised to rebound strongly from the pandemic. The deal sealed at the Dubai Airshow on Sunday packages together A321neo aircraft for delivery across a stable of ultra-low-cost airlines
The EU will tighten sanctions on the Belarus regime by targeting those closest to its authoritarian leader, the union’s top diplomat has said, as ministers prepare to step up their response to what Brussels terms a “hybrid attack” at its eastern border. Thousands of people have travelled from the Middle East via Minsk to Belarus’s
Western intelligence suggests a “high probability of destabilisation” of Ukraine by Russia as soon as this winter after Moscow massed more than 90,000 troops at its border, according to Kyiv’s deputy defence minister. Hanna Maliar told the FT at the weekend that while interpretations of western intelligence “need further discussion”, they underlined “the high probability
After last-minute word changes insisted on by India and China, nearly 200 countries agreed to a climate deal that will help avoid the worst impacts of global warming, but stopped short of reaching the goals of the Paris climate accord. At a time of mounting public frustration over the warming planet — with protesters outside
Business groups joined climate activists in expressing frustration that national governments were not moving aggressively enough to tackle climate change, after the COP26 agreement was watered down in the final minutes. Nearly 200 countries at the climate summit in Glasgow reached a deal late on Saturday night, and agreed on the rules for implementing the
Learn the secrets of Momentum Style traders, including both price and earnings momentum and how to apply the Zacks Rank to find the best stocks for this style.
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The Slow Stochastic isn’t necessarily among the top three of most popular indicators but it does have a large and loyal following. Our trading expert David Jones takes a look at the math behind it, ways to adjust its parameters and different tricks and tips on how to get the best out of it. It’s
Our second video with David Jones focuses on the relationship between fear, anxiety and the amount of risk traders should tolerate. We talk about the critical points in time when a trader has to decide whether to close or keep an open position. Managing emotions at these junctures is as important as finding good entry