Congress is working on new rules for digital money, like cryptocurrencies and blockchain tech. But they might forget about small banks that help people in rural and urban areas. These banks, called CDFIs and MDIs, are important for communities that big banks often ignore. If Congress doesn't include them in the new rules, these communities could miss out on the benef...
South Korea is making big moves in the world of digital money. Two of its largest tech companies, KakaoBank and Naver, are racing to create their own type of digital currency called stablecoins. These stablecoins would be tied to the Korean won, the country's official currency. This isn't just a competition between companies; it's a big step for South Korea to reduce...
Bolivia is making a big move to bring cryptocurrencies and stablecoins into its financial system. This step is aimed at updating the country's economy and dealing with some tough financial issues. The economic minister, Jose Gabriel Espinoza, shared this news, highlighting that banks will soon be able to hold crypto for their customers. This means people can use digi...
ASML Holding NV, a major player in the tech industry, has been getting a lot of attention lately. Two big names in finance, Bank of America Securities and Morgan Stanley, have both given it a thumbs up, suggesting it's a good bet for investors. But not everyone is on the same page. Barclays, another big player, thinks it's better to hold off on buying for now. The c...
The UK's recent budget announcement brought some good news, but it also raised some concerns. Finance Minister Rachel Reeves proudly declared that the country's finances are doing better than expected. This means the government has more money to work with than anticipated. However, this good news might not last long. One of the main concerns was the UK's ability to ...
Italy is on the brink of a significant change in its digital payment landscape. The government is close to finalizing a deal to sell its popular e-payment service, PagoPa, to two state-owned companies. This move is part of Italy's broader strategy to modernize and consolidate its digital assets. The potential buyers are Istituto Poligrafico e Zecca dello Stato, whic...
In a major move for Kazakhstan's digital asset scene, a new peer-to-peer (P2P) trading platform has been introduced. This platform is the first of its kind in the country, operating under a fully regulated framework. It aims to provide a transparent and secure space for buying and selling digital assets. The platform works with licensed financial institutions. These...
In the South suburbs, a variety of incidents have recently made headlines. In Burbank, a 43-year-old man was arrested for giving marijuana to a minor. This raises questions about the influence adults have on young people and the consequences of such actions. Meanwhile, in Ford Heights, an 18-year-old was caught with a loaded handgun. The incident highlights the issu...
The Buy Now, Pay Later (BNPL) scene in the U. S. is booming, with big names like Affirm, Afterpay, and Klarna leading the pack. These companies are teaming up with major retailers to offer flexible payment plans, making BNPL a go-to choice for many shoppers, especially younger ones. The market is expected to grow by 12. 2% in 2025, reaching $122. 26 billion, and it's...
Senator Jim Justice, a Republican from West Virginia, has found himself in a financial pickle. He's agreed to pay back nearly $5. 2 million in overdue personal taxes. This isn't his first rodeo with money troubles. The senator, who was once worth billions, has seen his fortune shrink dramatically over the years. Justice's legal team and the federal government recent...