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SquareFi, the financial infrastructure for global business payments, today emerged from stealth to enable Fintechs and global platforms to move money faster, launch financial products quickly, and operate across 150+ countries with support for 25+ currencies.  “Stablecoins will be the backbone of the modern financial system,” said Denis Spasibo, CEO & Co-founder, SquareFi. “In our conversations with businesses, the same challenge kept coming up: they couldn’t easily connect money, stablecoins, and payments, and ensure compliance. We built the infrastructure to make all of these systems work together, and the growth we’ve witnessed proves that this gap is real and urgent.” …

Crypto market strength extended into Tuesday, with bitcoin BTC$70,747.45 gaining by 3.9% since midnight UTC to trade at $71,000 while ether (ETH) is back above $2,000, a level it recently had problems surpassing.Crypto was not alone in its ascent. U.S. equities and precious metals also after U.S. President Donald Trump said the war in Iran would come to an end “very soon.” The dollar and oil gave back much of their gains of the past week.The Dollar Index (DXY) briefly traded as high as 99.7 on Monday, and is now at 98.5. The crypto market is inversely correlated to the…

Oracle’s stock has been pressured over concerns about whether its AI spending will yield the necessary returns.

The U.S. tax code is designed to collect higher taxes from households with higher incomes. With tax brackets ranging from 10% on the lower-income side to 37% for the wealthiest, “higher-income Americans tend to face higher marginal tax rates and pay more in federal income taxes,” the nonprofit Tax Foundation says. So, why do we hear about the wealthy paying less tax? To understand how millionaires often reduce their taxes, it’s helpful to look at the strategies and advice they receive. Here are some of the tax tricks millionaires use to lower their tax burden. Read more: How billionaires get…

Flow, the premier consumer L1 network powering consumer applications, has announced that Flow Foundation and Binance have confirmed the full resolution of the December 27 security incident on the Flow network.   Binance and Flow Foundation have executed a coordinated response and taken steps to fully resolve the matter, ensuring complete user protection, confirming that all issues related to the security incident have been resolved.   With this resolution, the listing status of $FLOW on Binance has returned to normal. Both teams remain dedicated to building a secure, resilient, and trustworthy crypto ecosystem for their communities.   To read the…

U.S. stock-market futures fell on Sunday as crude futures surged above $100 a barrel for the first time since 2022 amid growing fears about the economic effects of the conflict with Iran.

The week-long war between Iran, the U.S., and Israel has pushed oil prices on both sides of the Atlantic past $100 a barrel, threatening to inject inflation into the global economy. Asian markets are taking a hit, bond yields are climbing, and yet bitcoin BTC$67,339.90 has barely budged, hovering around $67,000, where it was 24 hours ago.A likely reason? Bitcoin’s strong links to Wall Street. Since the conflict started last week, U.S. stocks have held up relatively well compared to Asian and European equities, probably benefiting from America’s position as a net oil exporter. Bitcoin, which closely tracks U.S. tech…

This weekend, mortgage rates are clinging just below 6% — barely. The Zillow lender marketplace is reporting an average 30-year fixed mortgage of 5.98%. The 15-year is now 5.50%. Is it a good time to buy a house or refinance your mortgage? Keep an eye on the numbers and your budget until you see something that works for you. Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 5.98% 20-year fixed: 5.90% 15-year fixed: 5.50% 5/1 ARM: 5.96% 7/1 ARM: 5.70% 30-year VA: 5.52% 15-year VA: 5.24% 5/1 VA: 5.30% Remember, these are the national…

“He has no loyalty to me or our vows.”

Cryptocurrency trading giant Coinbase (COIN) said new U.S. tax reporting requirements are overly onerous for many crypto holders and add unnecessary clutter to the country’s taxation system.While the idea is that taxable activity on crypto should be reported in the same way as with equities, for example, the rules require reporting transactions in stablecoins — whose value, by definition, doesn’t change — and the tiny amounts spent on the network fees known as gas. The Nasdaq-listed exchange is currently sending millions of American crypto holders the new 1099-DA forms designed to bring crypto in line with the rest of finance.…