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Onchain money market funds have grown nearly 10-fold since 2023, but the Bank for International Settlements warns their adoption brings new liquidity and contagion risks. Tokenized money market funds ...

The U.S. Treasury Department announced that it has stopped producing pennies, ending more than 230 years of minting the 1-cent coin. The penny will remain legal tender and will still be accepted at ...

These days you’d be hard-pressed to find a single item available at a store for a nickel. So you can be forgiven if you toss your 5-cent coins into a jar or car cup holder along with your unwanted ...

Massachusetts cities and towns have a money problem. Despite new revenue from legalized cannabis and the millionaire's tax, a new report says there could be a historic fiscal crisis. Mansfield ...

Big Ten commissioner Tony Petitti has lost track of what really should matter in his job. / Talia Sprague-Imagn Images When the Big Ten championship game kicks off next month, commissioner Tony ...

An investigation by the ICJ, The New York Times, and 36 partner newsrooms reveals grime beneath the surface of growing legitimacy. Image: Envato As cryptocurrency and digital assets go mainstream, ...

The Bank of New York Mellon Corp. is launching a money-market fund tailored to issuers of stablecoins who need to comply with a recently signed US stablecoin law. The BNY Dreyfus Stablecoin Reserves ...

The U.S. Treasury Department announced that it has stopped producing pennies, ending more than 230 years of minting the 1-cent coin. The penny will remain legal tender and will still be accepted at ...

SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it’s a straightforward international expansion ...

BAY CITY, MI — The former owner of Bay City and Mount Pleasant coin shops has a new conviction on his record for gambling away his customers’ money. He also owes another five-figure sum in restitution ...

NEW ORLEANS — A multimillion-dollar deficit, lack of communication about spending, and an unexpectedly expensive year have landed the City of New Orleans in financial trouble. As panic has grown at ...