UK regulator warns of "arms race" to keep up with AI use in financial services
FCA official makes case for greater powers for watchdog as millions use technology for personal finance decisions.
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FCA official makes case for greater powers for watchdog as millions use technology for personal finance decisions.
The company just raised $7 million in seed funding, and is launching its app for iPhone and Android on Tuesday.

Mike Cinnamond faces a key test ramping up Nunavut’s Goose gold mine to revive million-ounce output and prove growth discipline.
The UAE is wasting little time capitalizing on its exit from OPEC, with crude production already climbing above 3.8 million barrels per day in June, its highest
Saudi Arabia has shipped roughly 34 million barrels of crude through the Strait of Hormuz since the June 17 ceasefire, according to Kpler cargo-tracking data, e
Despite recovering energy flows out of the Middle East, India’s fuel consumption last month fell by 3.7% from May to a total of 19.24 million metric tons, Reute
Two very large crude carriers loaded with Saudi crude are heading for the Strait of Hormuz in the latest sign of recovering traffic via the vital oil chokepoint

The Bonk DAO wallet was exploited for roughly $20 million worth of the prominent dog-themed meme coin on Solana.
Following its NYSE debut, Securitize CEO Carlos Domingo said the firm wants to expand its institutional tokenization platform rather than buy competitors.
First, it was a tiny amount of bitcoin sales; then, the purchase of several thousand BTC; and finally, today, the unloading of thousands of BTC. What's happenin
The token touched $64,400 overnight before easing back, still up about 6% on the week. A fresh missile strike on a Qatari gas ship in the Strait of Hormuz lifte
The attacker bought enough of the memecoin's tokens to pass a governance proposal that sent the group's holdings to a wallet they controlled, then began selling
Spot bitcoin ETFs still lost a net $526.6 million over the shortened holiday week, an eighth straight week of negative flows.

One crypto trader noted the $2 million loss could have been prevented had the victim read the transaction route before signing the transaction.

Decta's report said the market cap of eight MiCA-compliant euro stablecoins rose to $673.9 million in the year before Europe’s CASP transition period ended.
A multimillion-dollar battle for a soccer god’s brand is being waged across continents, burning investors and tearing his family apart.
Homeowners face paying £45 a month more on average when they move onto a new deal over the next two years.
Proxima Fusion has raised $468 million as it looks to move towards commercializing the promising but infamously difficult technical challenge of nuclear fusion.
John Arnold, who runs Arnold Ventures with his wife, Laura, is investing $2.6 million for university research into potential harms of online sports betting.
The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.