While the bank ultimately wants Redcoin, one of the first regulated Hong Kong dollar stablecoins, to reach millions, the token has already seen meaningful adoption just one week after launching through the bank’s channels.
Business
U.S. manufacturers in October pumped out the most goods — plastics, computers, electrical equipment and so forth — in five years as a growing economy and a revolution in artificial intelligence stoked demand.
Business
The Brazilian exchange paused deposits and withdrawals after wallets on at least 10 chains were emptied, days after the $6.3 billion Binance hack.
Business
The Claude developer generated $17 billion in quarterly revenue, but higher computing costs resulted in a $567 million operating loss.
Business
A bigger bitcoin or ether treasury need not mean more crypto per share—or a positive stock return. Strategy’s disclosures show why the valuation formula matters.