Nokia’s new CEO warns the West cannot afford a self‑inflicted tech cold war as EU curbs on Chinese 5G collide with the borderless reality priced daily by Bitcoin and Ethereum. Summary Nokia CEO Justin Hotard tells Reuters Europe and the U.S. are “significantly codependent,” warning that splitting 5G and 6G markets would undercut scale just
OSL Group has raised $200 million in equity financing as it steps up plans to expand its stablecoin trading and payment businesses globally. The Hong Kong–listed digital asset company said the capital injection will strengthen its balance sheet and support growth across regulated digital payment and settlement services, according to a Thursday announcement. “The market
This week, several major US companies across multiple sectors, including Amazon and Pinterest, announced layoffs. The moves follow a year of substantial job cuts, during which US employers eliminated roughly 1.2 million positions. Notably, the labor market signals are amplifying concerns about a potential recession. Major US Companies Announce Job Cuts in January 2026 On
Crypto payments firm BCB Group has appointed Tim Renew as its new CEO, naming the former deputy CEO to lead the institutional digital asset infrastructure provider through its next phase of growth. Co-founder Oliver Tonkin will move into the role of president, where he will continue to focus on strategy, culture and long-term development, the
Hang Seng Investment Management has rolled out a new physically backed gold exchange-traded fund (ETF) in Hong Kong, with an option for future tokenized access to the asset. The Hang Seng Gold ETF, which began trading on the Hong Kong Stock Exchange on Thursday under stock code 3170, is designed to track the LBMA Gold
For bitcoin BTC$88,215.96 bulls, it feels like one setback after another. First precious metals like gold and silver surged to record highs, sucking capital away from the crypto market. And now oil’s starting to surge too, threatening to skew macroeconomic forces in favor of bitcoin bears. The per barrel price for the West Texas Intermediate
Tether CEO Paolo Ardoino said the company aims to become the “central bank of gold” as the global financial system moves towards a post-dollar era. Ardoino explained that Tether is on track to become one of the institutions managing the world’s largest gold reserves, and plans not only to hold its reserves but also to
NVIDIA, Microsoft, and Amazon are negotiating a potential investment of up to $60 billion in OpenAI, which would value the AI research organization at $730 billion before financing, The Information reported Wednesday. NVIDIA, the chipmaker whose GPUs power OpenAI’s AI models, is considering pouring up to $30 billion. Microsoft, which has maintained a deep partnership
Meta shares jumped 10% in post-market trading on Wednesday after the company reported stronger-than-expected fourth-quarter earnings and outlined plans to sharply increase spending on artificial intelligence infrastructure. Meta reported fourth quarter revenue of $59.89 billion up 24% year over year and net income of $22.77 billion up 9%. Earnings came in at $8.88 per diluted
Silver futures surged past $117 on January 29, extending a historic rally with 275% gains over the past year. A severe physical supply crunch is driving the surge. Warehouse inventory now covers just 14% of outstanding futures positions. A confluence of depleted inventories, oversized commercial short positions, and unusual backward contract rolls points to a