Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary about a sharp pullback in crypto prices. The Bahamas-based company said Monday that it raised $400 million in a Series C financing round — its third fundraise … Read more
Brick-and-mortar real estate may seem like the only tangible thing left in an increasingly virtual world, but it too is being taken over by artificial intelligence. Some of the biggest names in the business, such as Compass, Zillow and LoanSnap, are now employing AI to help find buyers the perfect mortgage and the perfect home. … Read more
CAMBRIDGE, Mass. (Project Syndicate)—Many countries’ governments, most notably China’s, are continuing to experiment with central bank digital currencies (CBDCs). Money 3.0 is moving full speed ahead, and with its recent white paper, titled “The US Dollar in the Age of Digital Transformation,” the Federal Reserve, a conspicuous laggard, has finally started to weigh in, if … Read more