
TikTok's Parent Company Just Borrowed $30 Billion to Go All-In on AI
Nearly 30 banks backed the rare unsecured facility as TikTok’s parent company spends heavily on AI chips, models, and overseas data centers.
The latest in digital assets, markets and regulation.

Nearly 30 banks backed the rare unsecured facility as TikTok’s parent company spends heavily on AI chips, models, and overseas data centers.

British investment firm Hargreaves Lansdown last year said bitcoin was too volatile. British financial services firm Hargreaves Lansdown is letting retail investors buy bitcoin — nearly one year after it said the cryptocurrency was “not an asset class.&#

The prediction market platform's new Perps product scaled from 10 markets to 67 on its first day—though the 20x leverage ceiling only applies to some of them, and none of it reaches U.S. traders.

According to data released on Friday, the US economy added 162,000 nonfarm payroll jobs in August, significantly outperforming economists’ consensus expectations of roughly 56,000 jobs. In response to the announcement, Bitcoin (BTC) sold off from $81,300 to lo

Trezor said that its third party shipping partner, ShipMonk, had not erased customer data. Hardware wallet manufacturer Trezor has said that a data breach first announced last month is worse than originally reported. The Prague, Czech Republic-based company sa

A meme coin called BONER cornered half of Hims & Hers Health's tokenized shares on Robinhood's new blockchain. It started a new trend that's spreading fast.

An analysis from the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) identified $12.7 billion in crypto transactions “perpetrated by overseas scam centers.” According to a FinCEN report released on Thursday, an analysis of more th

Pineapple Financial has moved more than $1 billion in residential mortgage records onto Injective, a layer-1 blockchain focused on financial applications, as part of a broader effort to migrate its historical loan portfolio onchain. Pineapple plans to eventual

El Salvador apparently received bitcoin from private donors rather than using government funds, according to the International Monetary Fund. El Salvador has not used public funds to accumulate bitcoin since the International Monetary Fund’s last review

Lawyers question AMC’s grounds for a securities-law challenge, but say the tokens’ branding and marketing could leave room for a dispute.

The a16z-backed startup chose a full national charter over the trust-bank route most crypto firms have taken, clearing a path toward insured deposits and conventional lending alongside stablecoin issuance.

The National Sheriffs’ Association (NSA) has dropped its opposition to a cryptocurrency market structure bill scheduled for a vote later this month when the US Senate returns to session. In a Thursday letter to Senate Majority Leader John Thune and Minority Le