Finance

Jeffrey Epstein’s in-house trader revealed

In May 2017, Jeffrey Epstein received an exciting “proposal” from his former trusted private banker at JPMorgan. Paul Barrett proposed setting up a new family office in New York “to help oversee and manage money for JE and his various legal entities”, according to emails released by the US Department of Justice last week. By … Read more

Cryptocurrency

Ethereum fees are plummeting so fast that Vitalik Buterin says most Layer 2 chains now lack purpose

Ethereum was cheaper than expected in 2020, and rollup decentralization was slower than promised in 2021. Those two realities are forced the ecosystem to rewrite what “a layer-2” is for. Vitalik Buterin’s recent post on Ethereum Research bluntly frames the shift: the original vision of layer-2 (L2) blockchains as “branded shards” of Ethereum is no … Read more

Finance

Reform councillor steps down as head of Kent’s cost-cutting drive

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Reform’s Elon Musk-inspired cost-cutting drive at Kent county council has stood down after he told the FT that it had not made significant cuts, undermining claims by senior party figures of vast … Read more

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