Visa and Brale are collaborating on a proof-of-concept to use Brale's USD-backed stablecoin, SBC, for institutional payments on the Canton Network, which offers privacy by restricting transaction visibility to involved parties only. This effort aims to explore whether privacy-preserving stablecoins can securely settle institutional transactions without exposing sensitive data. The Canton Network's native integration avoids bridging vulnerabilities common in multi-chain setups. While still in testing with no production timeline, this project highlights Visa's ongoing commitment to programmable, private stablecoin settlements for institutions.
AbbVie confirmed its $11 billion acquisition of Apogee Therapeutics, enhancing its drug pipeline in immunology, oncology, neuroscience, and aesthetics. The deal causes only modest near-term earnings dilution. AbbVie's Q2 results beat expectations, dr...
Bitcoin's price surged past $81,000, triggering $544.85 million in liquidations of leveraged crypto bets within 24 hours, mostly short positions worth $456.44 million. This rally coincided with a sharp drop in the US Dollar Index and a significant de...
Economist Mohamed El-Erian predicts the ongoing sell-off of global government bonds will persist due to rising yields and a lack of reliable buyers, especially for U.S. Treasurys. Key traditional holders like China, Japan, and Gulf countries are less...
Adelayde Exploration Inc. announced its common shares are now eligible for electronic clearing and settlement through the U.S. Depository Trust Company (DTC). This change simplifies trading and holding of shares for U.S.-based brokers and investors b...
Bitcoin surged past $80,000 recently, driven by investors holding onto their coins as shown by a drop in 1-year active supply and exchange reserves. However, significant sell pressure and negative demand signals indicate uncertainty, with sellers off...
