GlobalFinance

Fed's Waller Explores the Potential of Stablecoins to Support Dollar's Reserve Status

2 months ago

The Federal Reserve’s Board of Governors member, Christopher Waller, recently shared his insights regarding the role of stablecoins in bolstering the U.S. dollar's position as the world's primary reserve currency. During a speech, Waller emphasized that stablecoins, which are digital currencies usually pegged to a traditional currency or assets, could play a critical role alongside traditional financial structures in enhancing the dollar's global standing.

Abu Dhabi Fund Poised to Fuel Trump's Ambitious $100 Billion AI Initiative

2 months ago

In a significant development for the world of artificial intelligence, the Abu Dhabi Investment Authority (ADIA) is reportedly positioning itself as a key financial backer of former President Donald Trump's ambitious $100 billion AI initiative. This plan aims to revolutionize the landscape of AI in the United States and potentially create thousands of jobs as technology continues to evolve at an unprecedented pace.

North Korean Hackers Make Waves by Stealing Record $1.3 Billion in Cryptocurrency in 2024

3 months ago

In a significant development within the realm of cybersecurity and international finance, North Korean hackers have reportedly stolen an astonishing $1.3 billion in cryptocurrency throughout 2024. This unprecedented figure marks a new pinnacle in illicit cyber activities, drawing the attention of various world authorities and cybersecurity experts.

Khazanah Nasional's Ambitious Initiative to Attract Fund Managers to Malaysia for Venture Capital Growth

6 months ago

In a bold move aimed at enhancing Malaysia's status as a hub for venture capital, Khazanah Nasional, the country's sovereign wealth fund, is actively seeking to attract international fund managers into the Malaysian market. This strategic initiative reflects Malaysia's ambition to cultivate a vibrant ecosystem for innovative startups and investment opportunities.

Visa Unveils Groundbreaking Platform to Revolutionize Stablecoin Issuance for Banks Worldwide

6 months ago

In a surprise move that is set to shake up the world of digital finance, Visa has announced the launch of its pioneering platform, which aims at assisting banks in the issuance of stablecoins on an international scale. This pioneering step constitutes the most significant move by Visa into the world of cryptocurrency, availing critical infrastructure that will enable financial institutions to take part in the digital currency operation.

Hong Kong Executive Inherits $1.5 Billion Stake in SenseTime

6 months ago

In a truly extraordinary development that is seizing the attention of financial markets worldwide, the inheritance by a Hong Kong executive of a US$1.5 billion stake in AI powerhouse SenseTime is one of those turns of events underscoring the continuing evolution and changing fortunes in the high-stakes world of AI and technology.