Two massive crypto thefts in April proved that hackers now use artificial intelligence to pick targets and design attacks. The $600 million stolen in weeks wasn’t just another case of lost funds—it showed how AI is making cybercrime cheaper and easier. Unlike past hackers who needed deep technical s
Japan’s finance chief recently shared her view on private credit, a fast-growing but shadowy part of finance worth about $2 trillion worldwide. She pointed out that Japan’s own exposure isn’t large and doesn’t pose a big threat right now. Still, she’s keeping an eye on how things move, especially as
Back in 2011, a little-known crypto exchange called Kraken quietly started what would later become a major talking point in U. S. finance. Fast-forward 13 years, and the Wyoming-based platform just scored something rare: a direct line to the Federal Reserve’s payment network. Think of it like gettin
A recent decision by U. S. regulators has set off a clash between old-school banks and cryptocurrency companies. The Office of the Comptroller of the Currency gave Coinbase the green light to launch a national trust bank, but not everyone is happy about it. Critics argue that digital firms shouldn’t
The European Union is inching closer to a decision on how to use frozen Russian assets to support Ukraine. However, some major hurdles remain, and a final agreement might not be reached until Thursday's EU summit. Most of the frozen Russian assets, around 210 billion euros, are currently held in th
Big tech companies are finding clever ways to avoid the full financial hit of the AI rush. Instead of building their own data centers, they're striking deals to rent computing power. This lets them test the waters before making huge, long-term investments. Microsoft, Meta, and Google are leading th
Retirement can be a time to relax, but for some, it's also a chance to start something new. One person is thinking about investing a big chunk of their savings into a winery. Is this a smart move or a risky gamble? Wine making is a tough business. Not many wineries are doing really well right now.
Climate change is not just about the environment. It's also about money. More extreme weather events are happening. These events cost a lot of money. The tools used to manage these risks are outdated. They were designed for a time when weather patterns were more stable. The financial world is begin
A well-known figure in the crypto trading world is making a big change. Brett Harrison is leaving behind digital currencies to start a new platform called Architect. This platform is for trading traditional assets like stocks and forex. The main feature is perpetual futures, which are bets on how as
Two big names in tech, Peter Thiel and Michael Saylor, are making waves in the crypto world. They're both investing heavily, but their strategies couldn't be more different. Saylor, the head of Strategy, is going all-in on Bitcoin. He's been buying up as much as he can, using a unique method. His c
