The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000 Ether (ETH) stash bought during the Ethereum ICO, which is now worth an eye-watering $470 million. There’s only one problem. He no longer has the keys. In February, Coinbase director Conor Grogan highlighted a Ethereum whale wallet
New York City and the surrounding region have received a lot of negative attention about losing population. But the metropolitan area’s apartment business doesn’t appear to be feeling the effects. For the second consecutive year, real estate professionals have ranked a portion of the metropolitan area as the best for buying apartments, according to the
Toronto Star | Toronto Star | Getty Images A recent jury verdict against the National Association of Realtors and large residential brokerages could upend the residential real estate industry. The real estate compensation model is at the heart of the issue. Plaintiffs contend that commission rates are too high, buyer brokers are being overpaid, and
Miami International Airport leads the nation’s airports in recovering passenger traffic lost during the COVD-19 pandemic, according to a report. “We looked at the total passenger recovery levels for 10 of the largest muni market borrowers in the U.S. airport sector and found half have surpassed 2019 levels while the other half remains below pre-pandemic
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
Voters in Rhode Island’ will face several local ballot questions Tuesday, mostly for for local school bonds. Rhode Island is in the midst of a state-backed overhaul of its educational facilities, many of which are deemed to be outdated and in need of replacement or renovation, and local officials hoping to tap a state reimbursement
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has unveiled its first quarterly loss in nearly six years as it bears the costs of the takeover of its former rival Credit Suisse. The $785mn net loss was bigger than the $444mn expected
Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources. The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs employees announced on X (formerly
Do you love modern contemporary style but crave country ranch life? You’ll find both at a $4.25-million property on 20 acres in California’s Santa Ynez Valley. The sprawling concrete, glass and steel structure was built to capitalize on sweeping views of the surrounding rolling hills and native oak trees. Village Properties The house at 1270
In this article WE Follow your favorite stocksCREATE FREE ACCOUNT The WeWork logo is displayed outside of a shared commercial office space building in Los Angeles, California on August 8, 2023. Embattled office-sharing firm WeWork on August 8 warned US regulators that it is worried about its survival. Citing financial losses, cash needs, and a
Fresh signs of a retrenchment among Wall Street firms came Friday with news that Citi CEO Jane Fraser is considering closing the firm’s muni trading and origination business, which some market sources saw as a trial balloon being floated by top executives to test reaction. The potential exit, reported by Bloomberg News, came as a
Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive. In July 2023, crypto-friendly Telegram messenger officially announced the integration of the custodial crypto wallet, Telegram Wallet, to allow users to access the wallet
While municipal bond issuance has dropped precipitously the past two years amid volatile markets, environmental, social and governance debt has steadily grown despite issuer hesitation to designate it as such and an ever-more acrimonious political environment emerges over it. ESG issuance for the first three quarters of 2023 was at $27.970 billion, potentially on pace
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New legislation to mandate annual North Sea oil and gas licensing rounds will be at the heart of the King’s Speech on Tuesday, as Rishi Sunak looks to exploit a key policy divide with Labour
A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. “The CCS
In this article TGT T MCD C ARCC Follow your favorite stocksCREATE FREE ACCOUNT A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images The ongoing market volatility continues to add to investors’ woes, making it difficult for them to pick the right stocks. However, it is
A gated complex of five architecturally noteworthy homes is rising on a five-and-a-half acre site just west of Austin, Texas. Located in upscale West Lake Hills, the five-bedroom homes are priced from $12.5 to $18 million with living spaces from about 6,700 to nearly 10,000 square feet. Described as a “private collective,” the five glass-rich
Miniseries | E+ | Getty Images Homebuyers are dealing with record-high costs this year amid interest rate hikes and shrinking supply. While shopping for homes is increasingly competitive, prospective buyers should consider an additional factor when weighing the pros and cons of a given property: the homeowners association, or HOA. Homeowners associations are run by
States would suffer deep cuts in water infrastructure funding they receive through state revolving funds, which make up a significant corner of the municipal bond market, under a bill passed Friday by the U.S. House of Representatives. The fiscal 2024 Department of the Interior, Environment, and Related Agencies appropriations measure, House Bill 4821, totals $37.4
Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT. The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger
Washington is banking on its high credit ratings and strong demand on previous sales as it heads to market Tuesday with a $483 million competitive refunding. The bonds will be auctioned in two series: $296.550 million various purpose general obligation refunding bonds, Series R-2024A and $186.225 million motor vehicle fuel tax and vehicle-related fees GO
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Griffin, the founder and chief executive of $62bn US hedge fund Citadel, has warned regulators that they should focus their attention on banks rather than his industry if they want to reduce risks in
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Company: VF Corporation (VFC) Business: VF Corp. is a consolidator of consumer footwear and apparel brands. It engages in the design, procurement, marketing and distribution
Top Stories This Week Sam Bankman-Fried found guilty, what’s next for the ‘crypto king’? Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberation. He was convicted of two counts of wire fraud, two counts of wire
I If you’re new to real estate or the professional world, a quick online search could lead to a long list of possible jobs. As you look for the right fit, keep in mind that the hunt is often highly competitive. Simply filling out a job application online and hoping for the best might not
Donald Trump Jr. and his brother Eric Trump arrive at New York Supreme Court for former President Donald Trump’s civil fraud trial on November 02, 2023 in New York City. David Dee Delgado | Getty Images The two oldest sons of former President Donald Trump are set to testify Thursday in the $250 million New
The notion of channeling federal dollars devoted to infrastructure improvement into affordable housing including office conversions located near mass transit is picking up steam. Quantifying the possibilities and costs offered by the concept remains elusive but recent research is revealing new possibilities. “We end up concluding something on the order of 10% of the existing
The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other wearables.” FedNow is the trademarked
Municipals rallied Friday across the curve sending triple-A yields lower by as much as 13 basis points as they continued to play catch up to the moves in U.S. Treasuries, which also saw more gains after a weaker jobs report further signaled Fed rate hikes may be done. Equities closed the week in the black.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jobs growth in the US slowed sharply in October, according to a fresh labour market report that is likely to shape interest rate expectations for the world’s biggest economy. US employers added 150,000 new roles
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