(Bloomberg/Kirk Ogunrinde and Suvashree Ghosh) — Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday. The cryptocurrency bellwether rose as much 3.4% to $123,205 as of 9:10 a.m. in London as
House members return to town this week to consider the fiscal 2026 Pentagon spending bill and crypto measures, while senators are staring at yet another vote-a-rama — this time on rescissions. While defense appropriations headlines the House’s week, the floor agenda is full even beyond that, with several significant financial services measures related to stablecoins
What is the latest in the digital transformation of banks? How is AI influencing how banks work now, and how might it redefine the industry going forward? At Bloomberg’s 2025 Sell-Side Leaders Forum in London, Ron van Kemenade, Group COO at Lloyds Banking Group, sat down with Bloomberg Originals’ Nate Lanxon to discuss how Lloyds
By Zeke Faux, Muyao Shen and Anthony Cormier, Bloomberg One of the Trump family’s crypto ventures has received key behind-the-scenes help from the world’s largest digital-asset exchange, whose founder is a convicted felon now seeking a presidential pardon. Binance wrote the basic code to power USD1, a stablecoin launched by the Trumps’ World Liberty Financial
OpenAI CEO Sam Altman arrives at the Sun Valley Lodge for the 2025 Allen & Co. Sun Valley Conference on July 8, 2025. Photo Kevin Dietsch/Getty Images The annual Allen & Company conference, often dubbed the “summer camp for billionaires,” is underway in the resort town of Sun Valley, Idaho. Over the next few days,
Crypto is taking over Capitol Hill. President Donald Trump has repeatedly underlined a friendly regulatory regime for cryptocurrency as a legislative priority, and his administration’s preferred deadline for Congress to act is fast approaching. Early on in Trump’s second term, the administration set the August recess as a deadline for Congress to standardize regulations for
Assessing vulnerability is one of the most pressing challenges facing local authorities today. Yet, many still rely on static indicators, such as postcode, benefit status, or historic income, that only paint part of the picture. These data points often miss the subtle, daily indicators of financial pressure. What’s often missing is a live view
AI-based Retrofit Investment Planning will Transform Commercial Real Estate investment getty In the heart of every city, commercial buildings stand as pillars of prosperity and progress, while also bearing witness to the urgent climate imperative. Today, we are witnessing a powerful transformation, the convergence of artificial intelligence with the capital-intensive world of commercial real estate.
Going back to about 2011 and telling yourself to invest in Bitcoin has got to be one of the more popular options should you ever be granted the powers of time travel. Back in the early days of Bitcoin it looked like just another technological wheeze that certainly wasn’t going to supplant actual currency, though
Ripple, the creator of the altcoin XRP and developer of distributed ledger technology, has applied for a national trust bank charter from the Office of the Comptroller of the Currency. CEO Brad Garlinghouse confirmed the news in an X post. He also said that earlier this week, Ripple applied for a master account from the