Story Highlights Over 130 countries are developing CBDCs, raising concerns about their impact on crypto’s future. Experts say CBDCs could threaten decentralization but also drive wider digital asset adoption. The growing CBDC race signals a global shift toward regulated digital finance. More than 130 countries, covering almost 98% of global GDP, are now developing or
A prominent economist is pushing for a major change in how cryptocurrency markets operate, arguing they need rules similar to those of the New York Stock Exchange (NYSE) to stop extreme drops in the values of digital assets. In a November 6 post on X, Alex Krüger said the absence of regulated market makers has
U.S. Federal Reserve Governor Stephan Miran, the newest member of the board of governors after his recent confirmation, pointed a spotlight on stablecoins and the potential that their explosive growth — especially by foreign users — will have heavy consequences for monetary policy. “Stablecoins may become a multitrillion dollar elephant in the room for central
Key Takeaways AMD’s stock fell 12% this week after releasing quarterly earnings. Earnings results were mixed: some metrics beat expectations, but revenue guidance disappointed. AMD, a semiconductor company emphasizing AI accelerators and data center technologies, fell about 12% this week after delivering quarterly results that beat expectations but offered a revenue forecast that tempered some
Nvidia (NASDAQ: NVDA), the first company to hit a $5 trillion market capitalization, has seen nearly $500 billion erased from its overall value this week. Nvidia’s market cap sat at $4.94 trillion on Monday, November 3, and since then, it has dropped to $4.45 trillion at the time of writing, Friday, November 7. The chipmaker’s
Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent
Paolo Arduino, the CEO of Tether, has announced that Tether is now officially represented on the Juventus Football Club S.p.A. board of directors, with Dr. Francesco Garino emerging as its representative. Arduino made this known in a post written in Italian on X. The post is translated as “Tether has just received its first seat
Trump Media’s net loss highlights the high costs of its ambitious expansion, even as it deploys capital into digital assets like Bitcoin and Cronos, betting on their future returns to offset current expenses. Summary Trump Media reported a $54.8 million Q3 loss despite positive cash flow and $3.1 billion in financial assets. The company deepened
OpenAI explicitly requested federal loan guarantees for AI infrastructure in an October 27 letter to the White House—which kindly refused the offer, with AI czar David Sacks saying that at least 5 other companies could take OpenAI’s place—directly contradicting CEO Sam Altman’s public statements claiming the company doesn’t want government support. The 11-page letter, submitted