Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily trading fee notched a
SK Battery America, a subsidiary of South Korean firm SK On, one of the world’s largest battery makers, is scaling back production on several fronts in response to a changing market for the vehicles. As an EV market turbocharged by federal incentives and high-set expectations cools off and major producers weigh cost-saving measures, SK said
Municipals were bumped up to a basis point or two Monday, while U.S. Treasuries were firmer out long and equities rallied near the close. For the third consecutive week, muni yields continued to fall. The 10-year note fell by 21.6 basis points last week to end the week at 3.05%, said Jason Wong, vice president
Ethereum (ETH) is witnessing a price breakout on the back of increased gas fees and the upcoming Shanghai upgrade, hitting a year-to-date high of $1,855 on March 23. The Ethereum decentralized finance (DeFi) ecosystem received more daily fees, growing 9% in 24-hours on March 23 in tandem with Ether’s price growth. With the increase in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI’s board has selected Emmett Shear, co-founder of video streaming service Twitch, as its interim chief executive in an unexpected move which is likely to deepen rifts at the company exposed by the sacking of
Argentina’s Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa. With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data. Massa, the country’s minister of economy, called Milei to congratulate
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI investors are working to get rid of the company’s board and reinstate Sam Altman as chief executive of the generative AI start-up, according to people with direct knowledge of the situation, in what would
Mike Belshe, CEO of cryptocurrency exchange BitGo, has suggested that all indications are leaning towards a favorable outcome for a spot Bitcoin (BTC) exchange-traded fund (ETF). However, he emphasized that the journey ahead won’t be without challenges. In an interview with Bloomberg on November 16, Belshe explained that based on the discussions taking place between
Top Stories This Week Sam Altman ousted from OpenAI, CTO Mira Murati named interim CEO ChatGPT developer OpenAI removed founder Sam Altman from his CEO position on Nov. 17. Chief technology officer Mira Murati is now serving as interim CEO. According to a blog post, the board of directors engaged in a “deliberative review process,”
Yearn.Finance’s governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam. During the dramatic drop in value, over $300 million was wiped out in market capitalization from November’s gains, according to data from CoinMarketCap. At the time
In this article Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian passes a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Money managers betting on a sustained global rebound will be left sorely disappointed in the second half of this crushing year as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI co-founder Sam Altman has left the company abruptly after losing the confidence of the board, according to a statement on Friday from the Microsoft-backed artificial intelligence pioneer. “Mr Altman’s departure follows a deliberative review
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Jim Chanos, Chanos & Company, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Renown short seller Jim Chanos will be converting his hedge fund Chanos & Co., to a family office and advisory business, CNBC has learned. The investor, best known for
Former US president Donald Trump leaves the court room of the State Supreme court on the first day of his civil fraud trial on October 2, 2023 in New York City. Kena Betancur | AFP | Getty Images A New York judge on Friday denied a request by Donald Trump and his co-defendants for a
The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 billion. However, the DeFi market has
Moody’s Investors Service affirmed its negative outlook on mass transit, highlighting Bay Area Rapid Transit as an example, even after the San Francisco rapid transit system announced it had received state funding. BART, a San Francisco Bay Area rapid transit system, announced on Wednesday that it would receive $352 million from the Metropolitan Transportation Commission
With the acceleration of technology in all markets, firms are trying to create solutions to process data — from issuer offering documents and continuing disclosures to trades and pricing and evaluations — and turn it into digestible, usable forms. For an illiquid, over-the-counter market with more than 50,000 issuers and a million securities outstanding, challenges
While pursuing his doctorate in economics at Columbia University, Oliver Giesecke came across several challenges as he was researching and collecting data on the muni market. Either it wasn’t available or it was incomplete or at times, misleading. In an effort to provide more and clearer data on certain attributes of the muni market, Giesecke,
Municipals improved Friday to close out a week of more gains despite some U.S. Treasury volatility, positioning the asset class to see historically high returns for the month. Equities ended up near the end of the trading session. Triple-A yields fell up to four basis points, depending on the curve, outperforming a mixed UST market,
The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees. The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16 according to statistics from CryptoFees. At the time of writing, YCharts data
The Biden administration’s Build America Bureau expects to close on $19.5 billion worth of transportation infrastructure projects in the next 18 months, executive director Morteza Farajian said Tuesday at the American Association of State Highway and Transportation Officials annual meeting in Indianapolis. “There’s a huge increase in the number of projects that we have in
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