Trump’s plan to transfer millions of student-loan accounts to the Treasury is in the works, officials confirm

The Treasury Department has begun seizing the accounts of defaulted student loan borrowers. It is said that Ministry of Education employees will be sent to the Ministry of Finance to assist with the transition. The agency did not provide a timeline for when it would formally take over management of the accounts. The Trump administration…

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DTCC sets October launch for tokenized securities platform in Wall Street blockchain push

Major Wall Street operator The Depository Trust & Clearing Corporation (DTCC) said on Monday it would begin limited production trading of tokenized securities in July, with a wider rollout of its platform in October. The service, built within DTCC Depository Trust Company, will allow companies to issue digital versions of assets in custody while retaining…

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Andreessen Horowitz’s new $2.2 billion crypto fund is chasing stablecoins, DeFi, and the builders no one is watching

Venture capital giant Andreessen Horowitz (a16z) has launched a $2.2 billion crypto fund, doubling down on investments in blockchain startups amid a surge in artificial intelligence venture capital. The new vehicle, called “Crypto Fund 5,” will invest in cryptocurrency entrepreneurs at all stages, with capital deployed over more than a decade, according to a company…

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China stopped issuing new robotaxi licenses over a glitch. America can’t stop them from rolling into active shooter situations

On March 31, more than a hundred Baidu Apollo Go robot taxis froze on the streets of Wuhan at the same time. Vehicles were stranded on overpasses and elevated roads, leaving passengers stranded for up to two hours. Weeks later, Beijing suspended all new self-driving licenses across the country. The suspension prevents robotaxi companies from…

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