Finance
SoftBank Group and Ark Investment Management are reportedly exploring participation in a major funding round for Tether Holdings, the company behind the world’s largest stablecoin. The investment could value Tether at as much as $500 billion—placing it among the highest-valued private firms globally. Sources familiar with the negotiations
Finance
Kraken, one of the world’s largest cryptocurrency exchanges, is in advanced talks with strategic investors to raise between $200 million and $300 million. If successful, the funding round could lift the company’s valuation to around $20 billion, setting the stage for a possible public listing as early as
Finance
Nine of Europe’s largest banks are joining forces to launch a euro-based stablecoin, marking a significant step toward strengthening the continent’s role in digital finance. The initiative, led by UniCredit, ING, DekaBank, and CaixaBank, seeks to challenge the dominance of dollar-backed tokens such as Tether’s USDT and
Markets
China’s central bank has taken a major step toward internationalizing its currency, launching a dedicated digital yuan operations center in Shanghai. The new hub, announced Thursday by the People’s Bank of China (PBOC), will focus on advancing cross-border payments, blockchain technology, and digital assets—all aimed at boosting
Finance
Tether Holdings, the issuer of the world’s largest stablecoin, is reportedly in talks to raise up to $20 billion in fresh funding—a move that could lift its valuation to an extraordinary $500 billion. If the round closes as envisioned, Tether would join the ranks of the most valuable
AI
Artificial intelligence is reshaping the corporate world at a speed few anticipated, and the consequences could be profound for publicly traded companies. Virginie Maisonneuve, Chief Investment Officer for global equities at Allianz Global Investors, has cautioned that up to one in five listed firms may disappear within the next five
Regulation
The European Central Bank (ECB) is moving closer to introducing a digital euro, with mid-2029 now emerging as a likely launch date. The update came from ECB Executive Board member Piero Cipollone during a recent finance event in Frankfurt, where he highlighted growing momentum behind the long-discussed project. Cipollone cited
Finance
Fnality International Ltd., a London-based blockchain payments startup, has secured $136 million in new funding, underscoring growing momentum around blockchain-powered finance. The fundraising round, announced Tuesday, attracted backing from major global institutions including Bank of America, Citigroup, KBC Group, Tradeweb Markets, Temasek Holdings, and WisdomTree. They join earlier investors such
Finance
Strive Inc., the Dallas-based investment firm co-founded by former U.S. presidential candidate Vivek Ramaswamy, has announced the all-stock acquisition of Semler Scientific Inc. in a deal valued at $90.52 per share—representing a remarkable 210% premium over Semler’s latest closing price. Once finalized, the merger will create
AI
Nvidia and OpenAI have unveiled a landmark partnership that could reshape the future of artificial intelligence, with Nvidia committing up to $100 billion to build state-of-the-art data centers. The agreement, revealed in a letter of intent on Monday, underscores the soaring demand for AI tools like OpenAI’s ChatGPT and
Finance
San Francisco, CA – Cardless, a fintech company specializing in co-branded credit cards, has raised $60 million in its largest funding round to date, setting the stage for rapid growth and new brand partnerships. Founded in 2019, the startup plans to use the fresh capital to enhance its platform and expand
AI
Meta Platforms, the parent company of Facebook, is taking a major step into the U.S. wholesale electricity market as soaring energy needs from artificial intelligence reshape the tech industry. The company has filed an application with federal regulators requesting approval to buy and sell electricity, a move designed to