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Showing 20 of 283 financial news articles
Crypto-backed Michigan House incumbent loses primary despite $2M PAC support Crypto
cointelegraph.com 13 hours ago

Crypto-backed Michigan House incumbent loses primary despite $2M PAC support

A Midwest Democratic primary that raised accusations of payback from the cryptocurrency industry ended with the unseating of two-term incumbent Shri Thanedar.

Forex
financemagnates.com 13 hours ago

Interactive Brokers (IBKR) Goes Dark During US Trading Hours

Many users of Interactive Brokers (NASDAQ: IBKR) reported difficulties accessing the broker's platform today (Wednesday), with posts on social media indicating login and connectivity issues during US trading hours.Finance Magnates independently verified the reported login issues after being unable t

Western Union brings stablecoin remittances to Visa network with Stablecard Crypto
cointelegraph.com 13 hours ago

Western Union brings stablecoin remittances to Visa network with Stablecard

The remittance giant is rolling out Stablecard across 37 markets, targeting cross-border payments and consumers seeking US dollar-denominated savings in volatile economies.

Bank of America, USAA ink patent agreement Banking
bankingdive.com 13 hours ago

Bank of America, USAA ink patent agreement

The deal allows each company to use the other’s full portfolio of patents. USAA for years has sued – or threatened court action against – banks it says infringe on its remote deposit capture patents.

Economy
cnbc.com 13 hours ago

Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says

Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.

An AI data center firm just raised $25 million, but 90% of it vanishes in days to pay off one massive loan Crypto
cryptoslate.com 14 hours ago

An AI data center firm just raised $25 million, but 90% of it vanishes in days to pay off one massive loan

Principal alone would absorb 89.5% of headline gross proceeds, while the warrant structure can add 11.7 million shares. The post An AI data center firm just raised $25 million, but 90% of it vanishes in days to pay off one massive loan appeared first on CryptoSlate.

Commodities
oilprice.com 14 hours ago

BP’s New Boss Has a Message for Britain

In 2020, BP unveiled a “major, necessary step in support of our purpose to reimagine energy for people and our planet.” The new strategy – “performing while transforming” – would see the firm “significantly scale-up our low carbon energy business” as part of a commitment “to become a net zero compan

Banking
financemagnates.com 14 hours ago

Spotex Connects Execution Venue to BitGo Custody and Settlement Network

Spotex has connected its institutional execution venue to BitGo’s custody, settlement and prime brokerage infrastructure, becoming the latest venue to plug into the custodian’s institutional rails. The integration lets eligible institutional clients trade Spotex’s digital asset liquidity while their

Coldcard exploit could boost demand for regulated bitcoin exposure, analysts say Crypto
coindesk.com 14 hours ago

Coldcard exploit could boost demand for regulated bitcoin exposure, analysts say

Banking
finextra.com 14 hours ago

Fiserv and Stuut partner to bring agentic AI to enterprise receivables

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology, today announced a strategic partnership with Stuut Technologies to help eligible enterprise finance teams modernize manual, fragmented B2B receivables processes where available.

Banking
finextra.com 14 hours ago

UW Credit Union selects DNA from Fiserv

Fiserv, Inc. (NASDAQ: FISV), a global leader in payments and financial technology, today announced that UW Credit Union, one of the nation’s leading credit unions, has selected DNA from Fiserv as its future core processing platform.

Circle Taps Visa, Mastercard and BlackRock as Validators for September Arc Launch Crypto
decrypt.co 14 hours ago

Circle Taps Visa, Mastercard and BlackRock as Validators for September Arc Launch

Circle's USDC distribution deal with Coinbase has been renewed on existing terms, and Arc's testnet has processed half a billion transactions.

Commodities
oilprice.com 14 hours ago

Hormuz Draft Agreement Reportedly Awaits Khamenei Approval

Oil markets are awaiting a decision from Iran’s supreme leader after Iranian and Omani negotiators reportedly completed a draft agreement that could reopen the Strait of Hormuz, the main export route for Persian Gulf oil and LNG. Two regional officials briefed on the talks told the Associated Press

Commodities
oilprice.com 14 hours ago

India Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve Plan

Just a day after details emerged of India’s plans to expand strategic crude oil storage, new reports claim New Delhi is considering a new funding mechanism that would shift part of the cost of a far larger, $42-billion strategic fuel reserve program onto gas consumers. According to Business Standard

Economy
cnbc.com 14 hours ago

Disney weighs free, ad-supported streaming, says it has sold out Super Bowl ad spots

Disney is considering a free streaming product as advertising takes a bigger role in making streaming profitable.

Eliza Founder Declares AI Token 'Dead,' Shuts Down Foundation After Lawsuit Settlement Crypto
decrypt.co 14 hours ago

Eliza Founder Declares AI Token 'Dead,' Shuts Down Foundation After Lawsuit Settlement

Shaw Walters says Eliza's token is no more after a class-action settlement drained the project's remaining funds.

How dumping 1,200 Bitcoin helped a cellular chipmaker completely erase its debt and double its cash Crypto
cryptoslate.com 14 hours ago

How dumping 1,200 Bitcoin helped a cellular chipmaker completely erase its debt and double its cash

The chipmaker ended June with 314 unrestricted coins after sales helped erase convertible debt and lift cash to $21 million. The post How dumping 1,200 Bitcoin helped a cellular chipmaker completely erase its debt and double its cash appeared first on CryptoSlate.

Banking
bankingdive.com 14 hours ago

Stablecoin firm Dakota applies for OCC trust banking charter

“For you, that means fewer layers between your product and the financial services underneath it,” Dakota CEO Ryan Bozarth said in a blog post.

Fed approves Santander-Webster deal Banking
bankingdive.com 15 hours ago

Fed approves Santander-Webster deal

The $12.3 billion transaction – approved by the Fed 129 days after the application was filed – is expected to close Aug. 20, Santander said.

Crypto Long & Short: Putting the bitcoin sizing question to the test Crypto
coindesk.com 15 hours ago

Crypto Long & Short: Putting the bitcoin sizing question to the test

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