New IMF Report on Stablecoin Risk Sparks Outrage From Crypto Experts

Amid an intensifying international focus on stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the key risks surrounding their adoption. The report draws parallels from the claims many other central banks and international financial organizations make regarding the threat stablecoins represent to governmental monetary control, to ultimately…

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SpaceX reportedly in talks for secondary sale at $800B valuation, which would make it America’s most valuable private company

According to the Wall Street Journal, SpaceX is launching a secondary share sale that would value Elon Musk’s rocket maker at $800 billion — double its recent $400 billion valuation and surpassing OpenAI to claim the title of America’s most valuable private company. SpaceX has not responded to a request for comment; the WSJ not…

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The Guardian view on reducing child poverty: with the two-child limit gone, Labour must go further | Editorial

If the government’s long-awaited child poverty strategy, launched on Friday, was a bit of a damp squib, that is because the best bit had been absorbed by the chancellor, Rachel Reeves, in last month’s budget. The decision to remove the two-child limit, which prevented parents from claiming child-linked benefits for third or subsequent children, is…

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Meta acquires AI device startup Limitless

Limitless, the AI startup formerly known as Rewind, has been acquired by Meta, the company announced Friday on its website. The company, which made an AI-powered pendant to record your conversations, says it will no longer sell its hardware devices and will maintain support for its existing customers for a year. Customers will no longer…

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