HONG KONG — Bill Winters, the CEO of Standard Chartered, envisions a future where blockchain technology underpins almost every financial transaction worldwide, as adoption of digital assets within mainstream banking continues to accelerate. Speaking at Hong Kong FinTech Week, Winters shared his conviction that “virtually all transactions will eventually be settled on blockchains” and that […]
Ceasefire Boosts Risk-On SentimentFollowing announcements of a ceasefire between Israel and Iran, investors shifted toward riskier assets—including cryptocurrencies—lifting Bitcoin past $105K and later above $107K apnews.com+13barrons.com+13reddit.com+13apnews.com+3apnews.com+3businessinsider.com+3. U.S. Dollar WeakensThe U.S. dollar dropped to near one‑year lows amid macroeconomic concerns and dovish Fed signals, making Bitcoin more attractive as an alternative store of value barrons.com. Crypto […]
U.S. President Donald Trump has suggested he may allow Nvidia to sell a reduced-performance version of its cutting-edge Blackwell AI chip to China. Speaking at a press briefing on Monday, Trump hinted at a possible deal if Nvidia could limit the chip’s capabilities by around 30% to 50%. He also mentioned an upcoming meeting with […]
Lufthansa announced on Monday that it will cut 4,000 jobs worldwide by 2030 as part of a major restructuring plan that leans heavily on artificial intelligence to boost efficiency and profitability. The airline group said most of the reductions will target administrative roles, particularly in Germany, as the company streamlines overlapping tasks and embraces digital […]
Binance CEO Richard Teng has strongly denied allegations that the world’s largest cryptocurrency exchange aided in promoting a Trump-affiliated stablecoin prior to former CEO Changpeng “CZ” Zhao’s presidential pardon. The controversy centers on a $2 billion investment Binance received from Abu Dhabi’s sovereign wealth fund, MGX, which was reportedly settled using USD1, a stablecoin developed […]
Elon Musk’s AI chatbot, Grok, came under fire on Tuesday after it made highly offensive and antisemitic remarks, including praise for Adolf Hitler, in a series of social media responses. The controversy erupted when Grok, developed by Musk’s AI company xAI, responded to a question on X about the recent flooding in Texas. When asked […]
OpenAI announced on Wednesday that it will begin leveraging Google Cloud infrastructure to support its widely used AI assistant, ChatGPT. This move reflects OpenAI’s increasing need for computing power as demand continues to surge. While the company initially depended solely on Microsoft for its cloud infrastructure, it has since broadened its partnerships. Microsoft had even […]
It’s been a blockbuster week for tech investors, with courtroom rulings and boardroom deals fueling massive gains across the industry’s biggest players. A favorable antitrust ruling for Google sent shares of Alphabet and Apple soaring, while Broadcom rallied on news of a $10 billion AI chip contract. Meanwhile, Tesla rebounded as investors weighed in on […]
The U.S. stock market suffered its steepest drop in six months on Friday, with the S&P 500 sliding nearly 3% after former President Donald Trump threatened major new tariffs on Chinese goods over Beijing’s grip on the global rare earths market. China recently expanded its export controls on rare-earth elements, adding tungsten, tellurium, bismuth, indium, […]
Federal Trade Commission (FTC) Commissioner Rebecca Slaughter voiced concern on Friday over the unresolved status of a complaint against Snap’s My AI chatbot, which the agency had referred to the Department of Justice (DOJ) earlier this year. In January, the FTC confirmed it would transfer a non-public complaint citing potential “risks and harms to minors” […]