Tether backs LemFi to expand USDT remittances
Tether has made an undisclosed investment in LemFi to expand the use of USDT-powered cross-border payments for migrant communities and international remittance users.
Tether has made an undisclosed investment in LemFi to expand the use of USDT-powered cross-border payments for migrant communities and international remittance users.
Swan Bitcoin has been sued by the post-bankruptcy litigation trust for Prime Trust over allegations it withdrew nearly $1 billion in assets using insider knowledge shortly before Prime Trust collapsed in 2023.
Lawyers involved in a federal court dispute over Trump administration layoffs apologised after submitting fabricated quotations generated by Anthropic’s Claude AI system in a legal filing.
Vitalik Buterin said artificial intelligence could ultimately strengthen cryptocurrency security if developers combine AI-generated code with “formal verification,” a method that uses machine-checkable mathematical proofs to confirm software behaves correctly.
AI Financial warned in a new SEC filing that there is “substantial doubt” about its ability to continue operating within the next year despite holding a $706 million treasury of locked WLFI tokens.
Rathnakishore Giri was sentenced to nine years in prison after federal prosecutors said he orchestrated a $10 million cryptocurrency Ponzi scheme that defrauded investors through false promises tied to Bitcoin trading.
Republican lawmakers are seeking to permanently block the creation of a US central bank digital currency ahead of an expected House vote on amended housing legislation this week.
Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. "It's not about cost cutting," Chief Executive Officer Bill Winters said at a press briefing in Hong Kong. "It's about having a structurally more productive environment that is fit for future." Bloomberg's Tom Metcalf reports.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
OECD Secretary General Mathias Cormann discusses the impact of the conflict in the Middle East on the global economy, saying the Iran war is putting "downward pressure on growth and upward pressure on inflation." He speaks to Bloomberg's Oliver Crook on the sidelines of a Group of Seven meeting in Paris.
Tempo has integrated Morpho’s $7.5 billion lending marketplace, expanding the Stripe and Paradigm-backed blockchain beyond payments infrastructure into decentralised lending and yield products.
Nicolas Bickel, chief investment officer at Edmond de Rothschild Private Bank, says higher bond yields for an elongated period could pose a risk to equities, "especially the ones that are highly indebted, even hyperscalers." Bickel speaks on Bloomberg Television.