Finance and fintech coverage from an AI-first newsroom: IPOs and public listings, funding rounds, banking and payments technology, and the money financing the AI build-out.
HSBC and Standard Chartered have carried out the first live tokenized deposit transaction on SWIFT‘s blockchain-based ledger, an early test of whether commercial bank money can move between institutions on shared infrastructure. The transfer took place six weeks after the network opened to an initial group of 17 banks. The two banks disclosed the transaction…
Higgsfield raised a $400M Series B, quadrupling its valuation to $5.4B in eight months.
Key Points Taxpayers funded a $533 million artillery plant near Dallas that was supposed to help solve America’s shell shortage. According to ProPublica, the General Dynamics facility in Mesquite instead became a costly symbol of rushed defense spending and failed industrial execution. Ukraine Ammo Rush Hits Texas The plant was designed to produce 155 mm…
Bitcoin and Ethereum: Russia’s central bank approved Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) for retail trading on licensed exchanges, barri
Brazil’s central bank will force a 24-hour hold on all cryptocurrency transfers to self-custody wallets starting January 1, 2027, covering stablecoins too.
Ripple’s end-to-end stablecoin platform has signed more than 50 financial institutions, betting RLUSD rails can replace correspondent banking for cross-border.