UQUID, a Web3 shopping infrastructure powered by e-commerce, is excited to make shopping easy and simplify it with crypto. For this, UQUID is now facilitating users with $USAT by tether. The primary purpose of this crypto integration is to enable fast, simple, and real-world online shopping. 🚀 HOW TO SHOP ON UQUID WITH #USAT by
A major US bank has agreed to pay hundreds of millions of dollars to settle allegations that customers were charged illegal overdraft fees for years. Georgia-based customers of SunTrust Bank, which is now operating as Truist Bank, will share in the long-awaited settlement fund. The deal resolves a 2010 class-action lawsuit claiming the bank charged
Wallet infrastructure firm Kresus Labs has raised approximately 18 billion won ($13 million) in investment from Hanwha Investment & Securities, one of South Korea’s largest financial institutions. The investment follows a memorandum of understanding signed in December at Abu Dhabi Finance Week and is aimed at expanding Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA)
Base, a decentralized Ethereum layer-2 scaling network, said Wednesday that it is transitioning from running on L2 blockchain protocol Optimism’s tech stack to running on its own, unified software architecture. Launched in 2023 as an Optimism chain, Base is shifting to its own tech stack to reduce dependencies on external service providers and shorten the
Billionaire real estate mogul Barry Sternlicht said his firm, Starwood Capital Group, which manages over $125 billion in assets, is ready to begin tokenizing real-world assets but can’t move forward due to regulatory barriers in the United States. “We want to do it right now and we’re ready,” Sternlicht said Wednesday at the World Liberty
Hyperscale Data, a technology firm operating AI-focused data centers and Bitcoin mining operations, announced today a strategic initiative to acquire up to 100,000 ounces of silver. The company, traded on NYSE American under ticker GPUS, said it will accumulate the precious metal gradually using a dollar-cost averaging method that mirrors its approach to acquiring Bitcoin.
OpenAI is stepping deeper into crypto security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains. Smart contracts, self-executing code deployed on blockchains like Ethereum, underpin decentralized exchanges, lending protocols and a wide range of onchain
The FOMC minutes have shown that the Fed still supports more rate cuts if inflation trends downwards to their 2% inflation target. However, some Fed officials indicated that they might support a rate hike if inflation rises or continues to remain well above their target. This is significant as such either decision in the future
The minutes from the Federal Reserve’s latest interest rate meeting indicated that further rate cuts may become more likely if inflation declines as expected. According to the minutes, some members believed that monetary policy easing could continue if the downward trend in inflation persisted, while the majority thought that inflation might fall at a slower
Uber announced today it will invest $100 million to construct fast-charging stations designed for autonomous vehicles across the United States. The infrastructure buildout will begin in the San Francisco Bay Area, Los Angeles, and Dallas, supporting the company’s expanding robotaxi operations. The company has set a target of deploying self-driving taxi services in more than