| Mobile Web

All articles List

Finance

KakaoPay, SBI Savings Bank and KCB expand inclusive finance with alternative credit scoring

KakaoPay will work with SBI Savings Bank and Korea Credit Bureau (KCB) to develop and run financial products for mid-to-low credit borrowers and people with limited credit histories using the alternative credit scoring model KakaoPay Score. SBI Savings Bank will incorporate the score into its lending review strategy and process. KakaoPay will handle product brokerage and customer contact through its platform, while KCB will provide analysis and consulting to upgrade the model.

AI & Enterprise

U.S. House to vote on bill to curb AI data center-driven power bill hikes

The U.S. House of Representatives is moving to process legislation that would require operators of large AI data centers to bear the cost of new grid and transmission infrastructure linked to their rising power use. The bipartisan Ratepayer Protection Act would also allow states to adopt rules preventing those costs from being passed on to households and small businesses. The bill comes as U.S. electricity demand is forecast to rise through 2027.

Crypto

XRP whales withdraw $165 million from exchanges; will selling pressure ease?

XRP whales withdrew about $165 million worth of tokens from major exchanges on Sept. 11, the biggest intraday outflow since February. On-chain data showed withdrawals concentrated on Binance, with additional outflows from Bybit, OKX, Upbit and Bithumb. XRP swung sharply during the session, rising to $1.43 before ending at $1.35, up 1.64 percent on the day. The market often reads large withdrawals as reducing sellable supply, but the move did not immediately turn bullish.