The United Arab Emirates’ banking system remains fully operational despite escalating regional conflict between the US, Israel and Iran, the country’s central bank said, as authorities moved to reassure markets following missile and drone attacks on the country this week. In a statement, Central Bank of the UAE Governor Khaled Mohamed Balama said banks, financial
In the bustling world of cryptocurrencies, where every moment can bring a new twist, the reliance on solid market data has become paramount for making informed investment decisions. Rapid price changes and the introduction of new projects require a structured approach to data analysis, which is transforming the investment landscape. As economic and political changes
In a landmark move for institutional cryptocurrency adoption, Japan’s three largest banking institutions—Mitsubishi UFJ Financial Group (MUFG), Mizuho Bank, and Sumitomo Mitsui Banking Corporation (SMBC)—have officially announced a joint proof-of-concept test for a new stablecoin. This unprecedented collaboration, reported first by Cointelegraph, represents a seismic shift in the traditional financial landscape, signaling that Japan’s most
The rise in popularity of the cryptocurrency prediction market Polymarket and the remarkable – and often strange – success of various users in accurately forecasting events has led to a rise in theories that numerous insiders are utilizing the platform to earn quick profits. The most recent account to draw such attention, designated BulkeyBull, managed
Nvidia CEO Jensen Huang says Nvidia’s $30 billion check to OpenAI could be the last one. He said OpenAI may go public near the end of the year. Speaking Wednesday at the Morgan Stanley Technology, Media & Telecom Conference, Jensen said Nvidia is not planning another big round. He also rejected the number floated in
US technology giants have signed a White House pledge to cover the power costs of their artificial intelligence data centers, which the Trump administration says will prevent consumers from paying higher utility bills. The non-binding “Ratepayer Protection Pledge” was signed by Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI on Wednesday, promising the companies would
Crypto-related stocks surged on Wednesday as recent pro-crypto commentary from the US president pushed Bitcoin and the broader crypto market higher. Alongside a rise in the cryptocurrency market, the Bitcoin ($BTC) treasury company Strategy spiked by more than 10%. Crypto exchange Coinbase registered a more than 14% gain, while miners Hut 8 clocked 13.89% and
Scotiabank, one of Canada’s top-five banks by assets, has launched a new cryptocurrency exchange-traded fund in partnership with digital asset manager 3iQ, highlighting growing institutional adoption in a market that approved spot Bitcoin ETFs years before the United States. Dynamic Funds, Scotiabank’s asset management arm, unveiled the Dynamic Active Multi-Crypto ETF on Wednesday. The liquid
IREN (IREN), a data center operator focused on AI cloud infrastructure, said it agreed to buy more than 50,000 specialized processing chips from Nvidia (NVDA), expanding its capacity by about 50%. The B300 GPUs, or graphic processing units, will take the Sydney-based company’s total AI compute fleet to about 150,000 GPUs. A GPU is a