A new crypto infrastructure startup called Block Street has raised $11.5 million to build what it calls an “execution layer for on-chain stocks.” The funding round was led by Hack VC, with backing from Generative Venture, DWF Labs and others including executives from firms like Jane Street and Point72. Block Street’s pitch is that trading
Ripple secures major industry recognition as its blockchain-powered payment solutions gain traction, boosting cross-border efficiency, real-world adoption, institutional support, and global financial system modernization. Ripple Earns Top Honors for Real-World Blockchain Payment Solutions Blockchain-based payment innovation is gaining momentum as financial institutions increasingly look to digital assets for real-world applications. At the recent PAY360 Awards,
The Federal Reserve’s Payments Innovation Conference on Oct. 21 will bring some of the world’s most powerful voices in global finance and cryptocurrency to a small island off the coast of Connecticut. Among the discussions to be had will be talks surrounding how innovation is changing payments and shaping what money looks like in a
What happens when artificial intelligence becomes both the economy’s primary engine and its potential Achilles’ heel? We may be about to find out. Harvard economist Jason Furman recently said that AI investments accounted for nearly 92% of U.S. GDP growth in the first half of 2025. Basically, the entire American economy put its eggs in
CoreWeave shares jump 8% after unveiling serverless AI tools for faster, cheaper model training. New service automates GPU scaling, cutting costs by 40% without impacting model quality. Strong AI demand fuels CoreWeave deals with OpenAI, Meta, and plans to acquire Core Scientific. Shares of CoreWeave surged as much as 8% on Wednesday following the announcement
The UK Government has announced the creation of a new role, the Digital Markets Champion, to accelerate the digitalisation of wholesale financial markets. According to Bloomberg, this position will coordinate the private sector’s efforts in the field of tokenization and drive the digital finance transformation in the country. Speaking at the Digital Assets Week conference
In an interview with CNBC, International Monetary Fund (IMF) Managing Director Kristalina Georgieva highlighted the uncertainty surrounding the global economy, stating that markets should accept this situation as a “new normal.” Georgieva also said the Fed may need to cut interest rates further as part of its balance between fighting inflation and supporting growth. Assessing
Shayne Coplan, the founder and CEO of premier prediction market Polymarket, is the youngest self-made billionaire at 27-years-old, according to Bloomberg. Coplan’s ascent comes after Polymarket was valued at $9 billion following a $2 billion investment from the NYSE owner, Intercontinental Exchange, also referred to as ICE. Coplan joins a prestigious list of crypto billionaires,
The minutes of the meeting containing details about the FED’s 25 basis point interest rate cut decision taken last month have been published. Here are all the details you need to know from the minutes: Few officials felt it was advisable not to cut interest rates in September. One participant supported a half-point rate cut