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Texas House lawmakers pass Bitcoin reserve bill with new amendments, Senate to vote again
Texas lawmakers approved legislation to establish a state-level strategic Bitcoin (BTC) reserve on May 21 after a 101‑42 House vote, according to the House livestream. According to Bitcoin Laws, the...
Trump Economist Says US Debt the ‘Safest Bet on Earth,’ Calls Moody’s Downgrade Backward-Looking
White House National Economic Council Director Kevin Hassett doesn’t agree with Moody’s downgrade of the US credit rating. Hassett says in a new interview with Fox Business that US debt “is the ...
Google rejected giving publishers more choice to opt out of AI Search
Publishers have to opt out of Search entirely to avoid their content being used in AI Overviews. Google didn’t want...
Hong Kong advances stablecoin legislation introducing new rules for issuers
Hong Kong has passed a landmark bill to regulate fiat-backed stablecoins, signaling its continued push to position itself as a global hub for digital finance. On May 21, Hong Kong lawmaker Johnny Ng c...
Circle Seeking at Least $5,000,000,000 for Coinbase Acquisition, Potentially Nixing IPO Plans: Report
Ripple and Coinbase have both reportedly participated in informal talks to acquire the stablecoin issuer Circle. Fortune, citing four anonymous banking and private equity executives, reports that Circ...
Target Reports Sales Drop as Consumers Focus on ‘Needs-Based Categories’
Target reported a 3.8% decrease in comparable sales for the first quarter and said it expects to see a low single-digit decline in sales for fiscal 2025. “In the first quarter, our team and our busi...
FIS and Kipp Team to Prevent Debit Card Declines
FinTech company FIS teamed with Kipp, a collaboration platform for card issuers and merchants. The partnership introduces what FIS called a non-sufficient funds (NSF) authorization tool for debit card...
eCommerce Growth Slows After Q4 Surge, Still Outpaces Overall Spending
Consumers are tightening their grips on their wallets — digital ones and the ones kept in pockets and purses — and y...
StraitsX Launches XSGD Stablecoin on XRP Ledger
StraitsX, Southeast Asia’s digital payment infrastructure provider, announced the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a “decentralized” layer-1 bloc...
Big Tech’s Enterprise Cloud Launches Move AI From Feature to Framework
Dynamic and uncertain times can help build nimble companies. Modern finance, IT and treasury departments are under pressure to manage a range of workloads. From traditional applications like virtual m...
Newswire > Tag: digital
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