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Microsoft trumps Google with $30 billion investment in the UK

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UK Inflation Comes in Hot. Prospects for August Rate Cut Dim
The UK Office for National Statistics reported today that the Consumer Prices Index (CPI) rose by 3.6% in the 12 months to June 2025, up from 3.4% in the 12 months to May. Expectations had been for ...

UK’s Digital Bank OakNorth Provides Loan to DAC Developments and Melrose Ascension Capital
OakNorth, a digital bank for entrepreneurs, has provided a $53m loan to DAC Developments and Melrose Ascension Capital. Founded in 2016, DAC Developments is a Chicago-based real estate development com...

UK’s PensionBee Calls Time on “Pension Purgatory” with Urgent Demand for 10-Day Pension Switch Guarantee
PensionBee, a Fintech in the consumer retirement market, is calling again for the urgent introduction of a legally mandated 10-day pension switch guarantee, as new consumer research “reveals the UK�...

ZBD Obtains EU EMI License, Partners with ClearBank to Merge Digital Assets with TradFi
ZBD, a Fintech creating a payment experience for interactive entertainment, and ClearBank, an enabler of real-time clearing and embedded banking, have announced a new partnership, coming on the heels ...

Standard Chartered Introduces Bitcoin and Ethereum Trading for Institutional Clients
In line with its commitment to offer clients safe, trusted and efficient digital assets solutions and following the successful launch of its digital assets custody service, Standard Chartered has laun...

Tether’s Strategic Gold Stockpile Could Improve Stablecoin Stability
Tether Holdings SA, the issuer of the world’s largest stablecoin, USDT, has revealed it holds an $8 billion in gold reserves, stored in a private vault in Switzerland. This strategic decision, annou...

Senator Lummis Proposes Comprehensive Crypto Tax Reforms to Level the Playing Field
U.S. Senator Cynthia Lummis (R-Wyo.) has introduced legislation aimed at overhauling the tax treatment of digital assets, addressing long-standing grievances within the cryptocurrency community. The b...

Crypto Legislation Hits Speed Bump in the House as Some Republicans Vote Against Procedural Measure
The package of crypto bills sitting in the House of Representatives hit a speed bump today as multiple Republicans voted against a procedural measure to advance the legislation. A Resolution (HR 580) ...

Canada’s Push to Regulate Stablecoin Issuers: A New Framework in the Works
Canada is taking significant steps to regulate the stablecoin market, with the Office of the Superintendent of Financial Institutions (OSFI) collaborating with the Department of Finance and the Bank o...

Old-School Floor Traders Take on CME Group in Landmark Chicago Trial
A long-simmering legal battle between veteran Chicago floor traders and CME Group, the world’s largest derivatives marketplace, finally reached the courtroom. Nearly 4,000 traders, once the lifebloo...