Adam Forsyth

Amazon explores AI content marketplace for publishers: Report

Amazon, the e-commerce and cloud computing giant, is exploring the launch of a marketplace where publishers could license content to AI companies, The Information reported Monday. Internal documents circulated ahead of an Amazon Web Services conference on Tuesday position the new marketplace alongside the company’s flagship AI offerings, including Bedrock and Quick Suite, as tools…

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Jack Dorsey’s Block may cut workforce by 10%: Report

Block, the fintech firm behind payment tools and blockchain-based financial services led by Bitcoin advocate Jack Dorsey, is carrying out performance-based job cuts that could affect up to 10% of its workforce, Bloomberg reported Sunday, citing people with knowledge of the situation. Block has over 10,000 employees, according to the company’s LinkedIn page. The potential…

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China Reiterates Crypto Ban While Cracking Down on Tokenized Assets and Yuan Stablecoins

Like clockwork, China FUD is back just as Bitcoin slips into bear-market territory. Beijing has widened the scope of its cryptocurrency ban, explicitly targeting the tokenization of real-world assets and unauthorized stablecoins linked to its currency. China just reminded the global market that its door to cryptocurrency remains firmly shut. In a coordinated move involving…

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TradFi Deleveraging Triggered Feb 5 Crypto Crash

Bitwise advisor Jeff Park attributed the February 5 crypto selloff to multi-asset portfolio deleveraging rather than crypto-specific factors. Summary February 5 selling was driven by multi-asset fund deleveraging, not crypto-native fear. CME basis trades unwound violently as pod shops de-grossed across portfolios. Short gamma and structured product hedging amplified downside despite ETF inflows. IBIT recorded…

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Paolo Ardoino: Stablecoins are core financial infrastructure, Tether’s USAT enhances liquidity for US users, and the inevitability of stablecoin adoption

Tether’s new stablecoin aims to transform liquidity and bridge the gap between crypto and traditional finance. Key Takeaways Stablecoins are transitioning from niche crypto experiments to core financial infrastructure. Tether is launching USAT, a new stablecoin aimed at enhancing liquidity for US users. The future of finance may see tokenized deposits and transactions moving through…

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