In brief
Stablecoin fintech Rain has raised $58 million.
The Visa-backed company, which issues cards, has raised a total of $88.5 million from big backers like Sapphire Ventures, Dragonfly, Galaxy Ventures,…
In brief
Fenwick & West moves to dismiss lawsuit alleging the law firm aided FTX's multi-billion dollar fraud, arguing it had no knowledge of wrongdoing.
Firm claims it only provided "routine and…
In brief
China has set targets for AI adoption, seeking 70% penetration by 2027 and 90% by 2030.
The policy mandates integration of AI across industry, governance, and public services.
The move underscores…
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ChatGPT still leads, but Google’s Gemini and Musk’s Grok are closing fast, per Andreessen Horowitz's Top 100 AI Apps.
The AI app market is stabilizing—fewer new entrants on web, more…
In brief
Bitcoin's volatility has plunged this year.
Analysts at JP Morgan think this should make the asset more attractive to investors.
The leading cryptocurrency's price should be at $126,000, they…
The US Commodity Futures Trading Commission (CFTC), a US financial regulator, announced on Thursday that offshore crypto exchanges now have a pathway to legally serve US-based clients by registering under…
In brief
American Bitcoin is reportedly eyeing a Nasdaq debut in September.
The firm is 80% owned by Bitcoin miner Hut 8.
American Bitcoin owned 215 Bitcoin in June.
American Bitcoin, a Bitcoin miner…
In brief
Altcoin Season Index data suggests market rotation as Bitcoin dominance drops.
Ethereum continues to build momentum while Bitcoin's appears to stall.
But one altcoin stood above the rest today: Crypto.com's Cronos,…
Earlier this week, Aleo’s non-profit Foundation announced that it had joined the Paxos-backed Global Dollar Network (GDN), an ecosystem built around USDG, a fully regulated U.S. dollar stablecoin issued by…
In brief
Stablecoin giant Tether is bringing USDT to the Bitcoin network.
Users will be able to spend their stablecoins on Bitcoin's network via the RGB protocol.
Tether says it wants…