Banks and cryptocurrency firms don’t always see eye to eye. Jamie Dimon, CEO of a major bank, recently suggested that crypto companies offering rewards on stablecoins should follow the same strict rules as traditional banks. But critics say that idea misses the point entirely. Peter Schiff, a well-k
Banks like JPMorgan, Citigroup, Wells Fargo, and Bank of America are teaming up to create their own digital money system. This network will start next year through their payment company called Clearing House. It's their way of competing with cryptocurrencies and stablecoins, which have grown a lot i
Australia’s main parliament passed a new tax bill that will change how profits from property and other investments are taxed. The vote was 94 to 48, with the opposition and a few independents trying but failing to add their own tweaks. The law was announced in last month’s budget and is the biggest
Banks and big financial firms keep trying to recreate blockchain from scratch, but that's like reinventing the wheel while ignoring the road already built. They can copy the code, hire consultants, and roll out permissioned systems behind closed doors. Yet no matter how polished their corporate bloc
Australia’s defence chief said China’s limited participation in the Shangri‑La Dialogue was a lost opportunity for strategic dialogue. He argued that many countries need clear reassurance from Beijing about its intentions. The event is the biggest defence gathering in Asia, and leaders expect to sha
Banks and crypto firms just teamed up to launch a fresh kind of dollar coin called fUSD. Unlike most stablecoins that sit idle without growing, this one gives big institutions a small cut—around 3% per year—if they play by specific rules. The coin is built on existing tech used by trading desks and
Banks today look nothing like they did even five years ago. What used to be slow, paperwork-heavy processes are now running on smart software. AI isn’t just helping banks—it’s doing much of the work itself. These "agentic" AI systems don’t just follow instructions; they make decisions on the spot, w
Australia’s latest move in the digital world has sparked a global debate. The country wants to force big tech companies—like Meta, Google, and TikTok—to pay news organizations for linking to their content. But what started as an "incentive" is really a heavy-handed rule. If these companies refuse, t
Australia’s leaders have voiced worry over a sudden rise in mice numbers across the western wheat belt. The rodents are eating grain and damaging farms, which could hurt the country’s ability to export food. Energy Minister Chris Bowen told a televised interview from Sydney that the government
Bank of New York Mellon, trading under the ticker BK, has pushed past every previous peak in its share price. The stock jumped more than 68 % over the last year and recently hit an all‑time high of $130. 59 on April 14. Analysts from Barchart give the stock a full 100 % “Buy” rating, and its Trend S
