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French AI firm Mistral launches its first reasoning model to rival OpenAI and DeepSeek

French AI firm Mistral launches its first reasoning model to rival OpenAI and DeepSeek

On Tuesday, French AI firm Mistral launched its first reasoning model to compete with OpenAI and China’s DeepSeek.
European insurers take $3.5 billion hit from LA wildfires, smaller than expected

European insurers take $3.5 billion hit from LA wildfires, smaller than expected

European reinsurers are swallowing $3.5 billion in losses from the Los Angeles wildfires, a figure that’s way above early guesses but still under s...
Stocks, US Treasury yield, and gold all plunge after Moody’s downgrade

Stocks, US Treasury yield, and gold all plunge after Moody’s downgrade

Markets went red before the opening bell on Monday after Moody’s cut the United States’ top credit rating, hammering stock futures, lifting Treasur...
Wall Street execs reveal what’s holding back crypto and blockchain adoption

Wall Street execs reveal what’s holding back crypto and blockchain adoption

The crypto industry is hitting a wall. Big banks, investment firms, and financial giants are already handling billions in blockchain transactions, ...
Hong Kong’s Financial Secretary Highlights Focus on CBDCs and Virtual Asset Trading

Hong Kong’s Financial Secretary Highlights Focus on CBDCs and Virtual Asset Trading

At the FinTech Innovation Lab Asia-Pacific 2024, Hong Kong’s Financial Secretary Christopher Hui focused on CBDCs and virtual asset trading, highli...
Societe Generale’s Euro-Backed EURCV Starts Trading On Bitstamp

Societe Generale’s Euro-Backed EURCV Starts Trading On Bitstamp

Societe Generale’s euro stablecoin, the EUR CoinVertible, has started trading on the European cryptocurrency exchange Bitstamp. The listing on Bits...
Societe Generale to debut Euro-pegged stablecoin on Bitstamp exchange

Societe Generale to debut Euro-pegged stablecoin on Bitstamp exchange

Société Générale, France’s third-largest bank, is poised to introduce a stablecoin named EUR CoinVertible (EURCV) on Bitstamp, a Luxembourg-based c...
Ethereum-based Tokenization Attracts Traditional Finance Giants

Ethereum-based Tokenization Attracts Traditional Finance Giants

As institutions regain interest in both Bitcoin (BTC) and Ethereum (ETH) as investment assets, they’re also exploring how the blockchain can redefi...
AXA, Generali Jump on the RWA Wagon Following Purchase of SocGen’s Green Bonds

AXA, Generali Jump on the RWA Wagon Following Purchase of SocGen’s Green Bonds

Source: Shutterstock AXA Investment Managers and Generali Investments have recently joined the growing bandwagon of companies purchasing tokenized ...
Societe Generale issues €10M digital green bond on Ethereum

Societe Generale issues €10M digital green bond on Ethereum

Société Générale (SocGen), France’s third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digita...