President Donald Trump at the 2024 Bitcoin Conference in Nashville, TN. The Washington Post via Getty Images The world of financial services is always evolving, but recently there are signs of a seismic shift. At the heart of this transformation is the rise of cryptocurrencies. Digital assets like Bitcoin, Ethereum, and a host of others
President Donald Trump at the 2024 Bitcoin Conference in Nashville, TN. The Washington Post via Getty Images The world of financial services is always evolving, but recently there are signs of a seismic shift. At the heart of this transformation is the rise of cryptocurrencies. Digital assets like Bitcoin, Ethereum, and a host of others
In an endless stream of appeals for help, social media platforms such as X (formerly known as Twitter) have been awash with posts by people who traded or invested in crypto on the crypto trading platform WazirX pleading to get their money back. What happened to their investments and why is there so much panic
The United Kingdom’s Financial Conduct Authority (FCA) is looking to change its guidance to ensure that financial firms do not treat politicians and public servants unfairly. The FCA released proposed amendments to its guidance relating to politically exposed persons (PEPs) on Thursday (July 18) and invited public feedback on the changes to be submitted by
If former President Donald Trump wins reelection, he will have power to set policies that affect the values of crypto, oil, and venture capital. His vice presidential pick, J.D. Vance, has financial interests in all three. In 39-year-old Vance, Trump picked a young populist with connections to Silicon Valley rather than a traditional big-business conservative.
Nvidia’s dominance in providing chips to power artificial-intelligence technology was bound to attract the notice of regulators. Now the company looks set to face the first antitrust challenge of its AI era but it should only be a small obstacle. Nvidia is about to be charged by the French antitrust regulator for allegedly anticompetitive practices,
Topline The Treasury Department will require most crypto brokers to disclose the proceeds of users’ transactions to the Internal Revenue Service starting in two years, the agency said Friday, a reporting requirement introduced to curb tax evasion through the cryptocurrency market. PARIS, FRANCE – APRIL 13: The requirement will begin in 2026. (Photo illustration by
Domestic helpers are rightly credited with providing the backbone of the “hidden” side of Hong Kong’s economy. The estimated 340,000 migrant workers in the city offer affordable childcare, housekeeping and other services that allow a much larger segment of the population to join the workforce. Unfortunately, helpers are far more visible to money lenders who
The BNB token, a cryptocurrency linked to Binance and its incarcerated co-founder Changpeng Zhao, surged to a record high in the first week of his four-month jail sentence in the US. Its rally underscores Zhao’s status as the richest person ever to do time in a US federal lock up. Zhao reported to a prison in California
The Treasury Department is seeking comments from the public about the use of artificial intelligence (AI) in the financial services sector. The agency released a request for information on Thursday (June 6) and said it encourages the submission of comments within 60 days, according to a Thursday press release. The request for information encompasses “uses,