Michelle Neal, CEO of Fnality International, emphasized in a recent statement that the banking sector is becoming increasingly receptive to blockchain technology. She pointed to blockchain’s ability to deliver real-time settlement, 24/7 transaction availability, and significant cost savings as key drivers of this shift. Neal believes that these
On April 11, 2025, President Donald Trump signed legislation that officially nullifies an IRS rule which had controversially categorized decentralized finance (DeFi) platforms as “brokers.” Under the original rule, DeFi projects would have been required to report user transaction data similar to centralized financial institutions, raising serious concerns among crypto
On April 6, 2025, XT.COM, a leading digital asset exchange, hosted its HK VIP Party #BeyondTrade at Zuma Hong Kong in Central. The event coincided with the Hong Kong Web3 Festival and attracted over 300 guests, including investors, key opinion leaders, and music enthusiasts. This gathering exemplified XT.COM&
In a significant move toward regulating digital assets, the U.S. House Financial Services Committee has advanced the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025. This legislation aims to establish a federal framework for stablecoins, mandating one-to-one reserve requirements in cash or high-quality liquid
Amid ongoing market volatility, a growing number of organizations are turning to Bitcoin as a strategic addition to their corporate treasuries. These companies see Bitcoin not just as a speculative asset, but as a hedge against inflation and economic uncertainty. As traditional markets face challenges from geopolitical tensions, fluctuating interest
New York Attorney General Letitia James has called on U.S. lawmakers to take decisive action in regulating the cryptocurrency industry at the federal level. In a letter sent to key congressional leaders, James emphasized the urgent need for comprehensive legislation that would mandate the registration of all crypto companies
A recent study published in Nature Medicine has revealed that artificial intelligence (AI) models used in healthcare can exhibit biases based on patients' socioeconomic and demographic characteristics. Researchers created approximately 36 hypothetical patient profiles and presented them to nine large language AI models across 1,000 different emergency room
Google has unveiled Ironwood, its seventh-generation Tensor Processing Unit (TPU), designed to significantly enhance the performance and efficiency of artificial intelligence (AI) applications, particularly in inference tasks. Ironwood represents a major advancement in Google's decade-long effort to develop alternatives to Nvidia's dominant AI processors. Engineered for
In early April 2025, leading cryptocurrency executives intensified their lobbying efforts, urging Congress to permit stablecoin issuers to offer interest payments to token holders. This initiative seeks to incorporate provisions into forthcoming legislation that would establish a regulatory framework for stablecoins—cryptocurrencies pegged to stable assets like the U.S.
On April 8, 2025, the U.S. Department of Justice (DOJ) announced the immediate disbandment of its National Cryptocurrency Enforcement Team (NCET). This decision aligns with the Trump administration's broader initiative to ease regulations in the digital assets sector. Deputy Attorney General Todd Blanche emphasized that the DOJ
On April 8, 2025, Ripple announced its acquisition of multi-asset prime broker Hidden Road for $1.25 billion, marking one of the company's largest deals to date. This acquisition positions Ripple as the sole cryptocurrency firm to own and operate a global multi-asset prime brokerage, significantly expanding its
The National Pension Service (NPS) of South Korea, managing assets worth approximately $836 billion, is considering the adoption of blockchain technology to enhance transparency and security in its fund transactions. This initiative aims to prevent tampering in fund records and improve the management of retirement security.