Block CEO Jack Dorsey says his company will support stablecoins, despite having long argued that Bitcoin should serve as the internet’s native money protocol. In an interview with WIRED, Dorsey acknowledged the change while making clear it reflects customer demand rather than a shift in personal belief. “I don’t like that we’re going to support
BlackRock’s Rick Rieder, UBS’s Ulrike Hoffmann-Burchardi, and hedge fund manager Daniel Loeb see a 2026 economy that may keep growing even as the market’s center of gravity shifts. The broad message from their separate appearances at a conference in Miami last week was not that the AI boom is ending. Instead, they said, the easy
Jeff Schmid has said that some businesses have paused hiring. Crypto prices could feel the heat. Oil and gas prices are other possible factors. Kansas City Federal Reserve President Jeff Schmid has made a statement on the hiring pause due to AI. Unemployment rate surged a little in February, and inflation data is yet to
The round, led by Allianz X, Allianz’s Group strategic investment arm, seeks to help Uala expand its operations across Latin America. The company reached a $3.2 billion valuation, becoming one of the largest digital conglomerates in the region. Uala Reaches $3.2 Billion Valuation In Latest Funding Round Uala, an Argentina-based neobank, has closed a successful
The Middle East and North Africa are quietly becoming the world’s most consequential laboratory for tokenizing gold, real estate, and equities. Moreover, its regulators are deliberately building the runway for it. In 2026, MENA is co-authoring tokenization frameworks alongside the industry itself, with gold reserves, luxury real estate, and stock market access all moving on-chain.
Circle has begun using its own stablecoin infrastructure to move money between internal entities, settling $68 million in transfers using $USDC, CEO Jeremy Allaire said Saturday. The transactions were executed through Circle Mint, the company’s platform for minting and redeeming $USDC. The firm’s treasury team used the system to carry out intercompany transfer pricing —
Goldman Sachs maintained its expectation regarding Fed interest rate cuts, but stated that the timing of these steps remains uncertain due to global developments and economic data. Goldman Sachs expects the Fed to cut interest rates twice this year. Lindsay Rosner, head of multi-asset fixed income investments at Goldman Sachs, said that emerging signals of
Robinhood took a hit on Friday when Venture Fund I fell 11% in its first day of trading on the New York Stock Exchange. The closed-end fund, which trades under RVI, was pitched as a way for retail investors to get exposure to private companies that usually stay out of reach until very late. Robinhood