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philip banks

Crypto Comes to French Banks: What You Need to Know

December 19, 2025

Big news in the world of banking and crypto! BPCE, a major French banking group, is diving into the crypto market. They are going to let customers buy and sell cryptocurrencies like bitcoin, ether, solana, and USDC right from their banking apps. This is a big deal because it means more people can ea

business

Tech Giants and Bitcoin Miners Team Up for AI

December 19, 2025

Bitcoin miners are teaming up with tech giants to explore new opportunities in artificial intelligence (AI). This shift is driven by financial pressures and the need for more stable revenue streams. Google, for instance, has been quietly supporting several Bitcoin mining companies in their transitio

finance

Canada's Big Banks: Strong but Watchful

December 18, 2025

Canada's top financial watchdog has decided to keep the extra safety net for the country's six largest banks at the same level. This safety net, called the domestic stability buffer, is currently set at 3. 5%. The Office of the Superintendent of Financial Institutions (OSFI) believes these banks are

crime

Bondi Beach Tragedy: A Community in Mourning and a Nation in Reflection

December 18, 2025

In the wake of the horrifying Bondi Beach attack, a 24-year-old man, Naveed Akram, has been charged with 59 offenses, including 15 counts of murder. The incident, which occurred during a Hanukkah celebration, has left 15 people dead and 17 injured. The victims, all identified as Jewish, ranged from

business

Trouble in the Subprime Auto Loan World: Executives Face Fraud Charges

December 18, 2025

The subprime auto loan industry is under scrutiny after a major player, Tricolor Auto, went bust in September. The company's downfall raised eyebrows on Wall Street, sparking worries about the health of the industry as a whole. Fast forward to December, and federal prosecutors in New York have made

politics

Europe's Big Move: Using Russia's Frozen Money for Ukraine

December 18, 2025

Europe is thinking about using Russia's frozen money to help Ukraine. This is a big deal because it's never been done before. Some countries, like Belgium, are not happy about it. They think it's risky and might cause problems. The European Union (EU) has a lot of money from Russia frozen in its ba

politics

Tech's Growing Grip: A Look at Digital Control

December 18, 2025

Around the world, technology is tightening its hold on our lives. Cameras scan faces, phones track movements, and social media posts are monitored. It's like living in a world where privacy is a thing of the past. The rise of AI is making it easier for authorities to watch and control us. Here are s

business

Cocoa Prices Drop as West Africa Sees Good Weather

December 18, 2025

Cocoa prices took a dip recently. Why? Good weather in West Africa is making cocoa trees happy. Farmers in Ivory Coast and Ghana say the mix of rain and sun is just right. This means more cocoa pods, which means more supply. More supply usually means lower prices. But wait, there's more to this sto

crypto

U. S. Lawmakers Move Closer to Crypto Regulation

December 18, 2025

The U. S. Senate is making progress on crypto regulations. Recent meetings between Democrats and Republicans show a push for a market-structure bill. This could be a big step for the crypto world. Macquarie, an investment bank, thinks these talks are important. They could lead to a deal that shapes

politics

Fed's Waller: Protecting Central Bank Independence

December 18, 2025

Christopher Waller, a Federal Reserve Governor, recently made it clear that he would strongly defend the central bank's independence if it were ever challenged by a U. S. president. Waller, who is considered a top contender to replace Jerome Powell as Fed Chair next year, shared his thoughts during