Oracle recently made headlines with a massive financial commitment. They agreed to pay a staggering $248 billion over 20 years. That's a lot of money! To put it into perspective, that amount could buy a lot of things. For example, you could purchase every piece of art in the Louvre. And still have e
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
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
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
Frontier Group Holdings, Inc. has made a big change at the top. James G. Dempsey, who has been with the company for over a decade, is now the Interim Chief Executive Officer. He takes over from Barry L. Biffle, who will stay on as an advisor until the end of the year. Dempsey has been a key player
PayPal, a well-known payments company based in San Jose, California, has taken a significant step by applying for a bank charter. This move is part of a larger trend where financial technology (fintech) and cryptocurrency companies are seeking bank charters to grow their services. The application w
The crypto world is a wild place. Social media has made it even wilder. Platforms like X (formerly Twitter) are filled with influencers pushing crypto projects. Many of these influencers are paid to promote these projects. But they don't always say they are being paid. This is a big problem. In the
Sergey Nazarov, a key figure in the crypto world, has been working tirelessly since 2017 to integrate the global financial system with blockchain technology. As the co-founder of Chainlink Labs, he has been instrumental in expanding the Chainlink network beyond just being an oracle for decentralized
The UK is taking a big step to include cryptocurrencies under its finance laws. This change is expected to happen by late 2027. The Financial Conduct Authority (FCA) will oversee crypto companies, ensuring they follow the same rules as traditional finance. The UK government is introducing new legis
