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AI & Enterprise
LG AI Research says it will bet on expert AI to solve industry problems
LG AI Research set out an AGI strategy it said differs from global big tech, aiming to keep improving general models while building expert AI that can solve difficult problems in manufacturing, science and finance. It unveiled sector applications and development plans at an event in Seoul. The group is developing EXAONE model series, domain-specific models and K-EXAONE. It also said AI development should continue, while releases and deployment require greater caution.
Crypto
Tech Insight: Why stablecoins still are not used like money despite being super infrastructure
Zach Abrams, founder and CEO of stablecoin issuer Open Standard, said stablecoins can be as stable as cash, profitable and transferable online, but are not being used effectively for transactions. He cited hurdles in card settlement, institutional trading, corporate treasury management and fintech infrastructure. Abrams said Open Standard is focused on solving these issues with OpenUSD by sharing reserve income, charging small per-transaction fees and imposing no withdrawal fee.
Crypto
Payward partners with SoFi to add SoFiUSD on Kraken
Payward, the parent company of cryptocurrency exchange Kraken, is partnering with U.S. fintech firm SoFi to strengthen stablecoin and round-the-clock dollar payments infrastructure. Payward plans to list SoFi’s dollar-pegged stablecoin SoFiUSD on Kraken and join the SoFi Exchange Network for real-time payments. The tie-up will allow Kraken’s institutional and corporate clients to settle U.S. dollar transactions 24/7 and may expand into qualified digital asset custody services.
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Crypto
Crypto liquidations surge as oil, yields jump; XRP, Ethereum, Solana stumble
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Finance
Hana Bank signs won swap deal with RFI, first for South Korean banks
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People & Events
KB Financial included in FTSE4Good global ESG index for 16th straight year
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Finance
KOSPI surges 14 percent on foreign buying in record one-day rebound
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Crypto
Cardano joins RWA tokenisation race, ranks fifth in growth among major chains
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Finance
SEC to hold September roundtable on 24-hour trading for U.S. stock market
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Crypto
UK bitcoin treasury firm Satsuma sells all BTC, moves toward delisting
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Crypto
London Stock Exchange seeks 24-hour trading in 2027
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Fintech
HSBC enters UK digital securities sandbox after Bank of England approval
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AI & Enterprise
LG, Koscom to develop EXAONE-based AI service to forecast South Korean stock market
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Crypto
BlackRock recommends adding bitcoin to portfolios
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AI & Enterprise
South Korea\'s science ministry to expand use of domestic AI in specialised fields
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Industry
Nvidia posts $81.6 billion in first-quarter revenue as data centre growth drives results
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Crypto
21Shares lists STRC ETN on London Stock Exchange linked to Strategy preferred shares
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Crypto
UK restores tax-free access to crypto ETNs as startup Stratiphy launches service