The Stablecoin Revolution in Remittances
Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—are rapidly reshaping the global remittance landscape. For South and Southeast Asia, where remittances are a major economic li...
Reposition
Credibly is a small business alternative lender based in Southfield, Michigan founded in 2010. Credibly offers invoice factoring, equipment financing, long-term business loans and other financing structures for small businesses.
Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—are rapidly reshaping the global remittance landscape. For South and Southeast Asia, where remittances are a major economic li...
Calpers is expanding its private equity portfolio following its strongest fiscal year since 2021, reporting an 11.6% return and reaching $556.2bn in total assets under management, according to a repor...
Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Stablecoins introduce systemic risks to banking institutions that could destab...
Neighbourhood loyalty platform Bilt has raised $250 million in primary funding, sending its valuation soaring to $10.75 billion. The round was led by General Catalyst and GID with further investment f...
Bitcoin extended gains Monday to hit a new milestone, breaking past $120,000, fueled by a rally in the cryptocurrency’s ETFs. The largest cryptocurrency by market capitalization traded at $121,921 at...
Robinhood's tokens offering exposure to OpenAI are not actual equity but are backed by a special purpose vehicle. OpenAI has stated that any transfer of equity requires their approval, which has not b...
BlackRock announced it’s completed the acquisition of HPS Investment Partners (HPS), a global, credit-focused alternative investment firm. Financial details were not disclosed in the release. Private ...
Tom Lee has been appointed chairman of the board of directors of bitcoin miner BitMine Immersion Technologies, effective Monday. BitMine announced a $250 million private placement to implement a buyin...
Meta Platforms (NASDAQ:META) is attempting to raise $29B to help fund its ambitious artificial intelligence data center build out, according to the Financial Times. Apparently, Meta has been in talks ...
The Federal Reserve proposed easing a key capital rule for banks, and central bank officials opened the matter for public comment Wednesday. The enhanced supplementary leverage ratio regulates the qua...