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BRICS to Launch Multilateral Guarantee Fund at Rio Summit

BRICS plans to introduce a new investment guarantee fund for member countries. The fund will be supported by the New Development Bank to reduce financing...

Eurex Clearing Launches DLT-Based Collateral Solution for Margin

Eurex Clearing now accepts DLT-based collateral for margin requirements.The initiative uses the HQLAX platform to enable faster collateral transfers.German regulator BaFin approved the solution...

Droitwich man faces 39 fraud charges over £206k charity theft

Timothy Barnes is scheduled to appear in court on July 10 after his hearing was delayed by a...

Bitcoin Nears Record High as Pro-Crypto Bills Hit U.S. Congress

Bitcoin's price has risen by about 50% since April, approaching its all-time high.Senator Cynthia Lummis introduced a bill to Congress aiming to modernize crypto...

Dormant Bitcoin Whales Move $3B After 14 Years, Sparking Buzz

Three dormant Bitcoin whale wallets moved a total of 30,000 BTC, valued at over $3 billion, after holding for 14 years. The wallets originally received...

Google Fined $314M for Misusing Android Users’ Cellular Data

Google must pay $314 million following a court ruling over its use of Android users’ cellular data without consent. The class-action case argued that Google...

UPS Offers Buyouts to Drivers as UBS Cuts Target, 20,000 Jobs Cut

UPS is offering voluntary buyouts to its full-time U.S. drivers for the first time in its 117-year history.The move is part of a major...

Ripple Labs Seeks National Trust Bank Charter Amid Stablecoin Push

Ripple Labs has applied to the OCC for a national trust bank charter, which could help it federally regulate its RLUSD stablecoin if new...

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Tokenized deposits may raise credit costs, Fed analysis says

Tokenized deposits could make bank funding less stable and raise credit costs for US households and businesses, according to...

SpaceX becomes Nvidia hyperscaler; 8 GW AI capacity next year

Deepwater Asset Management estimates SpaceX now accounts for 5% of NVIDIA‘s revenue, up from 3% last quarter.SpaceXAI is already...

OpenAI Bans Russian ChatGPT Accounts Behind Bogus Institute

OpenAI banned ChatGPT accounts linked to Russia that promoted a fake Israeli academic institute.The network used VPNs to bypass...

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Bitcoin and Ethereum Tumble as Trump’s New Tariffs Rattle Crypto Markets

Bitcoin and Ethereum experienced sharp declines to $92,900 and...