US Bank is testing its own stablecoin on the Stellar blockchain, with executives calling the ability to freeze assets “particularly appealing.” This marks another major financial institution embracing stablecoins while prioritizing control over decentralization. The move reflects crypto’s broader sh
GM’s software leadership team has seen three senior executives depart in the past month. The shakeup comes as new chief product officer Sterling Anderson reorganizes the automaker’s technology operations. The moves signal a major shift in how GM approaches software integration.
Robinhood’s stock jumped 9% on Wednesday following their acquisition of crypto exchange LedgerX. The move positions them to dominate the booming prediction markets space, which has already become their fastest-growing product line.
Altice USA has filed an antitrust lawsuit against major creditors including Apollo and BlackRock, alleging they’ve formed an illegal cartel to block debt refinancing. The company claims this forced it into a more expensive $1 billion loan with Goldman Sachs. This comes as Altice tries to restructure
Embracer Group has divested Arc Games and Cryptic Studios to Project Golden Arc for $30 million. This marks the latest in a series of studio sales and closures as the company restructures its operations and focuses on core assets.
China’s fixed-asset investment dropped 1.7% year-to-date through October, marking only the second such decline in decades outside pandemic periods. The surprising contraction follows President Xi Jinping’s campaign against “involution” – excessive industrial competition causing price wars and overca
Republican lawmakers and tech industry lobbyists are working behind closed doors to add language to the National Defense Authorization Act that would prevent states from regulating AI labs. Senate Democrats reportedly have no visibility into the scope of the proposed moratorium, raising concerns abo
Easy access to sports betting is creating new credit risks according to Bank of America. The bank’s research shows credit scores drop by nearly 3 points when mobile gambling becomes available, with young men and low-income borrowers most vulnerable to compulsive wagering and debt problems.
Economist Nouriel Roubini, famously known as “Dr. Doom,” is taking an unexpectedly optimistic stance on the U.S. economy. He predicts a “growth recession” rather than a market crash, with technology driving a powerful rebound. His forecast of 4% potential GDP growth by 2030 far exceeds most Wall Str
Vodacom is migrating its data platforms to Google Cloud in a major partnership aimed at deploying AI across Africa. The telco plans to develop new fintech services and enterprise solutions using Google’s AI capabilities. This comes just weeks after Vodacom signed a satellite broadband deal with Star
