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
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Lugui Tillier is the sales manager for Lumx Studios, one of the top cryptocurrency firms in Rio de Janeiro — a city with a burgeoning crypto industry. But for Tillier — who holds dual citizenship between Belgium and Brazil — cryptocurrency is more than a job. It was a passion sparked by a friend, and it
Munis were slightly firmer in light secondary trading to start the week, while U.S. Treasuries were weaker and equities ended the trading session up. The two-year muni-to-Treasury ratio Monday was at 69%, the three-year at 69%, the five-year at 70%, the 10-year at 71% and the 30-year at 90%, according to Refinitiv Municipal Market Data’s
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 Rhode Island is in the midst of a state-backed overhaul of its educational facilities, many of which are deemed to be outdated and in need of replacement or renovation, and local officials hoping to tap a state reimbursement
Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback. However, in an uptrend, dips
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump downplayed the importance of the financial statements at the centre of a civil fraud lawsuit as he testified about his finances and business empire in an extraordinary legal and political spectacle. “They were
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
The Biden administration Monday announced $16.4 billion for dozens of infrastructure projects aimed at improving train times and efficiency across Amtrak’s Northeast rail corridor. Biden is set to highlight the investment today during a speech in Delaware. The largest grant, totaling $4.7 billion, goes to Maryland to replace the 150-year-old Baltimore and Potomac Tunnel, considered
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
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
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
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
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
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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett’s Berkshire Hathaway continued to sell off stakes in publicly traded companies, shedding more than $5bn of exposure to US and foreign stocks in the third quarter as the firm struggled to find appealing
Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher. BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading. The largest cryptocurrency saw a revisit of intraday
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
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
Two major offshore wind projects in New Jersey got the ax as their developer, Danish energy company Ørsted, reassesses its U.S. portfolio citing sustained inflation and rising construction costs. Mads Nipper, Group President and CEO of Ørsted, on Tuesday said the company was “extremely disappointed” to cancel Ocean Wind 1 and 2, a pair of offshore wind
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