Business

Fed remains on hold as expected as Kevin Warsh moves closer to confirmation

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As expected by markets, the U.S. Federal Reserve on Wednesday kept its benchmark federal funds rate range between 3.50% and 3.75%, marking the fourth straight meeting without change as officials weigh lingering inflation risks against signs of slowing economic growth. “In considering the magnitude and timing of additional adjustments to the target range for the […]

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“Tokenization of everything” is no longer a theory

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For a decade, the crypto industry has gathered at Consensus to discuss what comes next. This year something different is happening. The future has started to arrive. Real-world assets are created on-chain. Stablecoins are gradually becoming the connective tissue of global commerce. Prediction markets turn probability into a tradable asset class. Institutions that once rejected

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XXI up 8% thanks to merger plans with Strike and bitcoin miner Elektron Energy

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Shares of Twenty One Capital (XXI), the bitcoin-focused company, rose more than 8% after hours Wednesday, after majority shareholder Tether Investments proposed a merger with Strike and Elektron Energy. Tether Investment, the independent investment arm of the stablecoin issuer, said it intends to vote its shares in favor of combining XXI with Strike, a global

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Tech giants double down on AI as earnings reveal growth gains and rising costs

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Four of the Magnificent Seven (Mag 7) tech giants are still on track to meet their massive artificial intelligence (AI) spending targets this year, according to their earnings report. The companies reporting their quarterly after-market results on Wednesday include Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Amazon (AMZ), with a combined market capitalization of around

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Meta (META) Begins Stable Payment to Circle USDC Creators on Polygon, Solana via Stripe

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Meta (META), the social media giant behind Facebook and Instagram, has started offering stablecoin payments to creators, signaling a return to crypto payments years after abandoning its Libra project. The feature is currently available to a limited group of creators in Colombia and the Philippines, according to a Meta website. Eligible users can link a

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Fed Chairman Jerome Powell says he will remain governor after his term despite legal pressure

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Current Federal Reserve Chairman Jerome Powell will continue to serve on the central bank’s board as governor after his term ends in May. Speaking at a news conference following the central bank’s decision to keep interest rates steady between 3.5% and 3.75% on Wednesday, Powell expressed concerns about the legal action against the central bank,

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