Tag: Layer1

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SBCFX collapse leaves traders’ USDT deposits hard to recover, Hong Kong warns

Hong Kong’s securities watchdog has declared broker SBCFX and many of its affiliated entities unlicensed, shortly after a collapse in trading that forced...

BIS Chief Says Stablecoins Not Credible for Payments at Scale

The Bank for International Settlements is renewing its criticism of stablecoins, questioning their credibility as everyday money as governments worldwide build regulatory frameworks...

Bullish Backs USD.AI with $100M for AI Infrastructure Loans

Institutional crypto exchange operator Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure, the...

Bitcoin Miner IREN Shares Fall as AI Conversion Costs Mount

In brief AI cloud revenue reached $70.5 million in the fiscal fourth quarter, surpassing Bitcoin mining revenue for the first time. IREN reported a $684...

Ripple-Tied Firm Clears SEC Hurdle For Big XRP Treasury

Evernorth Holdings has moved closer to becoming...

Dell Technologies (DELL) Stock: What Wall Street Expects from Earnings Tuesday

TLDR Dell reports Q2 fiscal 2027 earnings on September 1 DELL stock is up 272% year-to-date, driven by AI server demand Q2 revenue guidance is...

Green Party leader Polanski demands freeze on new UK data centers

The anti-data center sentiment has a new face in the UK as of Friday, after Green Party leader Zack Polanski pressed the UK...

Dunamu and Visa Partner on Stablecoins, AI Payments and Global Remittances

Dunamu, the operator of South Korea’s largest...

Trump Crypto Empire Leaves Investors $4.7B Underwater, Public Citizen Report Claims

Key Takeaways:Across five Trump-related crypto products, Public Citizen estimates investors are at least $4.7 billion underwater.An estimated $3.2 billion in investor losses go...