Banks and governments are testing a new way to send money overseas. Instead of relying on old systems that often take days and involve many middlemen, they’re trying out tokenization. This means turning money into digital tokens that can travel quickly on blockchain networks. Central banks from the
Senator Mitch McConnell, 84, was taken to the hospital on Sunday morning, a spokesperson confirmed. The spokesman said Mr. McConnell is getting good care but gave no details about why he was admitted. He has had several health setbacks lately. In February, he spent a week in the hospital with flu‑
Senator Mitch McConnell, who has led the Senate Republican caucus for nearly two decades, was admitted to a hospital early Sunday morning. A spokesperson for the Kentucky Republican Party confirmed his stay but offered no specifics about the reason or location. The 84‑year‑old senator was still act
Senator Warnock asked Treasury Secretary Bessent a direct question during a finance hearing: How would Americans rate the economy? Most people gave it a failing mark. Bessent, however, argued the economy was one of the strongest ever. Warnock pointed out the disconnect wasn't just about opinions but
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
Senator Elizabeth Warren has asked Nvidia’s chief executive Jensen Huang to appear before the Senate Banking Committee next week. The request, sent on Thursday, frames the hearing as a chance for Huang to explain how Nvidia views U. S. export laws and its business in China. Nvidia’s chips are a key
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
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
Senator Rebecca Rausch has introduced a budget amendment that would remove the clause in state law allowing candidates to spend unlimited amounts on their own campaigns. The proposal, called “Elections Not For Sale, ” targets the practice that let billionaire Mike Minogue pour more than $13 million
