The United Nations leaned into blockchain technology to overhaul its own pension system, and a study of that process concluded the innovation is the “ultimate technology for digital identity verification,” which has spurred the UN toward extending the system and sharing it with other international groups. The UN — which has explored various blockchain uses
FED member Michelle Bowman said in her assessments of monetary policy that the neutral interest rate is higher than before the pandemic. Bowman argued that the Fed’s inflation is within its target range, but that risks to the labor market outweigh the risks. Bowman stated that he favors a gradual approach to interest rate adjustments,
Tech-focused investment companies SoftBank and Ark Invest are among the firms in early stage talks to invest in Tether, issuer of the world’s largest stablecoin USDT (USDT), Bloomberg reported on Friday. The report follows this week’s news about Tether looking to raise up to $20 billion in a fundraising round that would value the firm
According to Bloomberg, SoftBank and ARK are in talks to participate in Tether’s major funding round. Tether, the world’s largest stablecoin issuer, aims to raise up to $20 billion at a $500 billion valuation. If successful, the deal could make Tether one of the world’s most valuable private companies, in the same league as companies
The potential for a government shutdown in the US puts critical economic data at risk. According to the US Department of Labor’s previously released operational contingency plan, the September jobs report, scheduled for release next week, would be postponed if the federal government shuts down. The extent of the government shutdown remains unclear. Many agencies,
South Korean YoungHoon Kim, who describes himself as the person with the highest IQ in the world with 276, made an intriguing prediction in the cryptocurrency world. Kim predicted that Bitcoin would increase in value at least 100 times over the next 10 years and become a universal reserve asset. He also claimed that his
The probability that Bitcoin (BTC) will fall below $100,000 before the start of 2026 has surged on crypto prediction platform Polymarket, reflecting growing bearish sentiment after a turbulent week for digital assets. The market, which poses the question“Will Bitcoin dip below $100k before 2026?”, has seen odds spike from 47% on September 25 to 60%
Spheron Network, a community-led AI workload data center, has officially partnered with Meganet, a decentralized compute infrastructure. The partnership focuses on merging the decentralized bandwidth-sharing model of Meganet with the compute and GPU infrastructure of Spheron Network. As Spheron Network revealed in its official social media announcement, the collaboration signifies a strategic move toward resilience,
Japanese clothing retailer Mac House listed on the Tokyo Stock Exchange under Gyet Co., Ltd. (7603.T). It has expanded its Bitcoin holdings. The company confirmed in a September 26 filing that it purchased an additional 18.17 BTC. This brings its total holdings to 106.65 BTC. This latest acquisition follows a series of consistent purchases made
China central bank recently took the bold step of pumping ¥1.627 trillion into the financial system this week. This is a serious move meant to shore up liquidity and keep things steady in the markets. The People’s Bank of China is also rolling out monetary tools to maintain stability and keep business running smoothly. This