Fintechs and neobanks drive the next era of stablecoin adoption
Fintechs bypass traditional banking to offer stablecoin access, yield and spending in emerging markets. Programmable money leapfrogs legacy infrastructure. ...
Romania blacklists Polymarket for illegal crypto betting amid $600M election wagers
Polymarket’s ban in Romania follows similar crackdowns in the US, France, Belgium, Poland, Singapore and Thailand, where regulators cited unlicensed…
95% of Iran’s 427,000 active crypto mining devices operate illegally, official says
Iran’s energy chief says 95% of the country’s 427,000 crypto mining rigs operate illegally, consuming massive power and destabilizing the…
FTX creditor says real recovery could be as low as 9% amid inflated crypto prices
FTX creditors may get only a fraction of their expected payouts once adjusted for Bitcoin, Ether and Solana’s current prices,…
Berkshire’s operating earnings jump 34%, Buffett buys back no stock and raises cash hoard to $381 billion
Berkshire's operating profit generated from the conglomerate's wholly owned businesses including insurance and railroads jumped 34% in the third quarter. ...
Evolve Bank CEO fired after propositioning FBI agent who pretended to be a teen boy
In August, Evolve hired Hartheimer, who brought experience in financial regulatory matters, to help the bank recover from the collapse…
Global week ahead: Is Novo Nordisk past ‘peak uncertainty’?
CNBC's Charlotte Reed will travel to Copenhagen to speak with Novo Nordisk's new CEO after a bumpy few months. ...
Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says
The company wants to ensure that all of its employees can access its Microsoft 365 and GitHub Copilot artificial intelligence…
While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth
Meta, Amazon, Alphabet and Microsoft reported quarterly earnings that showed rising digital ad sales and increased AI infrastructure spending. ...