Markets
A long-dormant Bitcoin wallet has suddenly come back to life, moving nearly $85 million worth of bitcoin after more than a decade of inactivity. The transaction, flagged by onchain analysts on Monday, has drawn fresh attention to so-called “Satoshi-era” holdings and the behavior of early Bitcoin investors. According to data
Finance
Revolut, the London-based financial technology company, has applied for a full banking license in Peru as it ramps up its expansion across Latin America. If approved, the license would allow Revolut to offer a wide range of local financial products and services tailored specifically for Peruvian customers. Peru’s banking
Finance
FuriosaAI, a Seoul-based designer of artificial intelligence chips, is looking to raise between $300 million and $500 million in a fresh funding round ahead of its planned initial public offering. The move signals the company’s ambition to take on established players like Nvidia in the rapidly growing AI hardware
AI
McKinsey has begun testing an AI-powered chatbot as part of the early stages of its graduate recruitment process, marking a notable shift in how large professional services firms approach hiring. The move reflects a broader trend in which artificial intelligence is moving beyond research and client work to play a
Blockchain
Bermuda has announced plans to develop what it calls a “fully onchain” national economy, working with crypto firms Coinbase and Circle to expand the use of blockchain-based financial tools across the island. The initiative, revealed Monday at the World Economic Forum in Davos, reflects Bermuda’s long-term push to modernize
What Is Purchasing Power Parity? Have you ever noticed how the same $10 can feel generous in one country and barely enough in another? That difference is exactly what purchasing power parity, or PPP, is meant to explain. PPP is an economic concept that compares how much a currency can
AI
The race to bring artificial intelligence deeper into healthcare is picking up speed. In a matter of days this month, OpenAI, Google, and Anthropic each announced new medical-focused AI capabilities, signaling growing competition among leading AI companies rather than a coincidence in timing. Despite ambitious language about transforming healthcare, none
Finance
A technical error on Paradex, a decentralized derivatives exchange built on Starknet, briefly caused bitcoin to be priced at zero, setting off a wave of automated liquidations before the issue was corrected. The incident has prompted the platform to announce a planned blockchain rollback, an unusual step that has reignited
Innovation
The New York Stock Exchange is taking a significant step toward modernizing U.S. equity markets. On Monday, the NYSE announced plans to develop a platform for trading and settling tokenized securities on-chain, a move that could eventually allow round-the-clock trading of U.S.-listed stocks and exchange-traded funds, pending
Markets
Global crypto investment products recorded a sharp rise in investor inflows last week, even as geopolitical tensions and policy uncertainty weighed on market sentiment toward the end of the period, according to new data from CoinShares. Digital asset investment products issued by major asset managers, including BlackRock, Grayscale, and Fidelity,
Security
South Korean authorities say they have uncovered a large-scale international money laundering operation that allegedly moved more than $100 million through cryptocurrency and the country’s banking system, highlighting growing concerns over illicit capital flows in the digital age. According to a report by Yonhap News Agency, the Korea Customs
AI
AstraZeneca is making a deeper bet on artificial intelligence as it looks to speed up and sharpen its oncology research. The pharmaceutical giant has agreed to acquire Boston-based Modella AI, bringing the company’s technology, data, and staff directly into its research organization. Financial terms of the deal were not