Norfolk, Nebraska — Telcoin, a blockchain-powered fintech operating across 171 countries, has raised $25 million in an ongoing pre-Series A round to launch Telcoin Digital Asset Bank — the first regulated blockchain bank in the United States. — The raise enables Telcoin to meet capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution
TL;DR New Capital: Aptos Labs co-founder, Mo Shaikh, introduces Maximum Frequency Ventures, a $50 million fund. Early Focus: The fund will be allocated for pre-seed and seed stage investments in the crypto ecosystem. Experience and Network: Shaikh will use his experience and network of contacts to guide new entrepreneurs in the sector. A new boost
Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, applied for a national bank trust charter with the U.S. Office of the Comptroller of the Currency (OCC), co-founder Zach Abrams said on Wednesday. The move would put the firm under federal regulatory oversight if approved by the regulator. Through the bank, company would provide
Fed Chair Jerome Powell delivers the keynote address at the National Association for Business Economics (NABE) conference in Philadelphia. Here are the highlights from Powell’s speech: The future direction of monetary policy will be determined by data and risk assessments. Data before the US government shutdown suggested that economic growth could be better than expected.
US President Donald Trump has announced that he may impose 100% tariffs on Chinese products on or before November 1 as part of the rare earths dispute with China. US Trade Representative Jamieson Greer provided information on the matter to CNBC. “A lot of that depends on what China does. They’ve been the ones who
Citigroup (C) CEO Jane Fraser offered a clear stance on the future of digital finance, telling investors that tokenized deposits — not stablecoins — will be the primary engine behind next-generation payments and financial market infrastructure. Speaking on an investor call following the bank’s third-quarter earnings release on Tuesday, Fraser explained that institutional clients are
The Dow Jones Industrial Average fell nearly 500 points as stocks opened lower on Tuesday, with the market reacting further to mounting trade tensions between the United States and China. Summary Dow Jones slipped 500 points as stocks extended losses on Tuesday. Investor sentiment flipped negative as China responded to U.S. trade war moves. Bitcoin
Nvidia shares drop nearly 4% amid rising AI chip competition. AMD partners with Oracle on new AI “supercluster” powered by MI450 chips. Broader US markets fall as China imposes sanctions on US subsidiaries. Nvidia stock fell sharply on Tuesday as investors weighed fresh competitive threats in the artificial intelligence chip market and broader weakness across
Crown, a São Paulo–based fintech focused on programmable money in emerging markets, has raised $8.1 million in seed funding to launch BRLV, a stablecoin pegged to the Brazilian real (BRL) and fully backed by Brazilian government bonds. The round was led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, Norte Ventures, Paxos,
Circle (CRCL) is the most important player in the stablecoin ecosystem, according to investment bank William Blair, which initiated coverage on the company with an “Outperform” rating and a long-term bullish thesis. The firm sees Circle as a central force in the transition from fiat to blockchain-based payments, particularly in cross-border B2B transactions, a market