Japan is stepping into the digital currency arena with a new yen-denominated stablecoin. This isn't just any digital currency; it's designed for big players in the financial world. Startale Group and SBI Holdings have teamed up to make this happen. The plan is to create a stablecoin that's fully re
The European Union is inching closer to a decision on how to use frozen Russian assets to support Ukraine. However, some major hurdles remain, and a final agreement might not be reached until Thursday's EU summit. Most of the frozen Russian assets, around 210 billion euros, are currently held in th
The UK is stepping up its game in the crypto world. The Financial Conduct Authority (FCA) has just kicked off a series of discussions about new rules for digital assets. This is part of the government's plan to create a solid regulatory framework for crypto. The FCA has put out three sets of propos
The UK is looking into how cryptocurrencies are used in politics. This is part of a bigger check on how political parties get money. The idea came up because of a recent case involving a politician from Reform UK. A former high-ranking official, Philip Rycroft, will lead this review. He will look a
Custodia Bank, a financial institution specializing in crypto, is not giving up easily. They just took a big step by asking all the judges in the Tenth Circuit Court to take another look at their case. The case is about getting a master account with the Federal Reserve, which they were denied. This
Abu Dhabi just built a 15-story tower in just 12 days. It was made by robots and has no concrete. This is a big deal because it shows how technology can change how we build things. The tower was put together like Lego blocks. Each part was made in a factory and then put together on site. This metho
In Bosnia, two people in charge are now in custody. They're being questioned about a fire that happened in a home for elderly people. This place was in Tuzla, a town in the northeast. The fire started on November 4. It happened on the seventh floor. There were 180 older adults living there. The fir
Money moves are happening. They are not loud or flashy. But they are important. They show a big change in how the world handles money. This change is linked to Asia's growing power. China is a big part of this shift. The International Monetary Fund (IMF) is now in Shanghai. This is a big deal. It d
A well-known company behind the popular Roomba robot vacuum cleaners has recently filed for bankruptcy. This comes after a failed attempt to merge with Amazon and a struggle to compete with cheaper foreign competitors. The company, iRobot, is now being taken over by a Chinese manufacturer, ensuring
Big tech companies are finding clever ways to avoid the full financial hit of the AI rush. Instead of building their own data centers, they're striking deals to rent computing power. This lets them test the waters before making huge, long-term investments. Microsoft, Meta, and Google are leading th
