Author: Charlotte

In what marks a definitive turning point for the global financial sector, akka.app has today officially announced the global launch of its new asset class: Pre-IPO (Late-Stage Private Access). Through the implementation of this proprietary infrastructure, the platform opens up an ecosystem that has historically been inaccessible, enabling ordinary retail investors to participate in the capitalisation of the world’s most sought-after technology companies prior to their debut on public stock markets.Until now, late-stage private equity markets have operated under a rigid financial monopoly. Tech companies with ‘unicorn’ valuations capture over 80% of their exponential growth in value whilst remaining private,…

The People’s Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the international monetary system and global payment networks. Summary China’s central bank said stablecoins could take on a larger role in cross border payments and called for closer monitoring of their impact. Officials urged stronger international regulatory coordination as stablecoins and central bank digital currencies gain attention in global payments. The comments come months after Beijing expanded its crypto restrictions to cover RMB linked stablecoins and tokenized real world assets. According to remarks delivered by Wang…

This photo, taken Wednesday, shows the trading room of Hana Bank in Seoul as South Korean stocks extended their winning streak for a fifth straight day on a semiconductor rally. Photo by Yonhap South Korean stocks extended their winning streak for the fifth consecutive session Wednesday on semiconductors to land at a new high, while investors remained cautious of the U.S. Federal Reserve’s rate-setting meeting later this week. The benchmark Korea Composite Stock Price Index (KOSPI) rose 137.64 points, or 1.58 percent, to 8,864.24, inching closer to the 9,000-point mark. After opening lower, the index entered positive territory in the…

Guest Post by Dr. Kris Naudts, Zeynep Koruturk and Donald Harmitt @ Firgun Ventures. Firgun Ventures is a VC firm investing in Series A/B quantum scale-ups globally. Australia’s quantum reputation has rested for a quarter of a century on world-leading quantum research talent, exemplified by the likes of Michelle Simmons, CEO of Firgun Ventures’ portfolio quantum computing company Silicon Quantum Computing, who was awarded Australian of the Year in 2018.  Australia is now attempting to solidify its stronghold within something deep tech typically finds difficult: large-scale commercialisation. The shift changes what success looks like, and the country is no longer…

AMD and Rackspace partner on 30MW AI infrastructure rollout … eeNews Europe Source link

Central Bank’s Wang Xin: Closely monitoring the impact of stablecoins on the international monetary system and cross-border payments WEEX Source link

If you’re only looking at the dollar price of your portfolio, you may be missing part of the picture, which is significantly shaped by money supply growth.To the casual observer, the markets look like business as usual. While bitcoin has nearly halved to $66,000 since its $126,000 peak in October of last year, the decline could be dismissed as just another brutal, quadrennial crypto bear market. Meanwhile, the S&P 500 continues to hover near record highs.But beneath the surface, a more interesting signal emerges when both prices are adjusted for the U.S. M2 money supply. M2 is the Federal Reserve’s…

Blackstone’s track record is why PRC should reject takeoverThe following op-ed by PESP  Senior Research Coordinator Nichole Heil published in June in the Albuquerque Journal:New Mexico is among the states most exposed to private equity ownership across essential sectors. Regulators should think carefully before allowing Wall Street firms even deeper control over critical infrastructure.The New Mexico Public Regulation Commission is considering whether to approve private equity giant Blackstone’s proposed takeover of TXNM Energy, parent company of Public Service Company of New Mexico. Supporters promise investment and modernization. But as ratepayers and workers see what’s happening at private equity-owned utilities in other…

The evolution of Web3 has transformed the way users interact with digital assets, online communities, and decentralized applications. Among the technologies driving this change, Non-Fungible Tokens (NFTs) have emerged as one of the most impactful innovations. While NFTs initially gained popularity through digital art and collectibles, their applications now extend far beyond simple ownership of digital images. Today, NFTs are being used in gaming, digital identity systems, membership platforms, virtual real estate, event ticketing, and real-world asset tokenization. Their ability to create verifiable ownership on blockchain networks makes them an essential component of modern Web3 ecosystems. As blockchain adoption continues…

Dr Asiama urges banks to leverage gains from macroeconomic stability to deliver better services 3News Source link