Search results for Allianz
Crypto
Tether invests $20 million in Argentina neobank Uala
Tether has invested $20 million in a $197 million funding round by Argentine neobank Uala, Cointelegraph reported. Uala disclosed Tether’s participation when it announced the round in March but did not reveal the amount, the report said. The round was led by Allianz X, and Bloomberg reported Tether’s investment was $20 million. Tether has also expanded investments in Latin America.
AI & Enterprise
EU scales back AI data centre tender size, further from cutting U.S. reliance
The European Union has scaled back its artificial intelligence data centre procurement plan, revising a key infrastructure push soon after unveiling a “technology sovereignty package.” The tender structure and hardware requirements were adjusted and financing shifted toward the private sector. With Europe holding about 5 percent of global AI computing capacity versus about 80 percent for the United States, concerns persist over whether the EU can catch up quickly. Reliance on U.S. cloud providers and U.S. access limits on Anthropic models have intensified sovereignty debates.
Crypto
Bitcoin falls as U.S. April PCE inflation dims rate-cut hopes
U.S. April personal consumption expenditures (PCE) inflation rose 3.8 percent from a year earlier, the highest since May 2023. Bitcoin weakened after the data, slipping to around $73,300 and down 2.89 percent over 24 hours to about $73,404. Core PCE rose 3.3 percent year-on-year, also matching forecasts. Markets focused on the likelihood of rates staying high longer, with CME FedWatch pricing a 98.9 percent chance of no change in June.
