Business News - Credit Smart Path

Miles Guo Jailed: $1 Billion Crypto Fraudster Sentenced to 30 Years, Bannon Link Explored

admin — Sat, 18 Jul 2026 01:05:36 +0000

A U.S. judge has sentenced Chinese businessman Miles Guo, the billionaire behind the fraudulent cryptocurrency venture Himalaya Coin, to 30 years in federal prison. This severe penalty follows his 2024 conviction on multiple charges related to a vast financial scheme, underscoring the legal system’s strong stance against large-scale financial deception, particularly within the nascent and ... Read more

Read more at Credit Smart Path

Open USD Threatens Circle: Stablecoin Giant’s Stock Dips Amidst New Consortium Challenge

admin — Sat, 18 Jul 2026 01:04:10 +0000

Circle shares (CRCL) experienced a significant downturn following the launch of Open USD (OUSD), a new stablecoin initiative. This development has sparked discussions among financial analysts regarding its potential impact on Circle’s established business model and the broader stablecoin market landscape. Open USD: A New Challenger in the Stablecoin Arena The Open Standard consortium, backed ... Read more

Read more at Credit Smart Path

AI Investment Fuels Job Growth: Ramp Study Challenges Layoff Fears

admin — Sat, 18 Jul 2026 01:03:25 +0000

A recent study by financial operations platform Ramp has unveiled compelling insights into the impact of Artificial Intelligence (AI) investments on corporate employment. Contrary to prevalent concerns about widespread job displacement, the research indicates that companies aggressively integrating AI into their operations are actively expanding their workforces, not reducing them. This finding challenges the narrative ... Read more

Read more at Credit Smart Path

Stablecoin Shake-Up: OpenUSD’s Launch Triggers Circle Selloff, Ignites Adoption Debate

admin — Fri, 17 Jul 2026 22:09:27 +0000

The cryptocurrency market witnessed significant volatility following the debut of the Open USD (OUSD) stablecoin consortium. Shares of Circle (CRCL), the issuer behind the widely adopted USDC stablecoin, experienced a notable downturn, raising questions about the future landscape of digital dollar stablecoins. While some analysts view the market reaction as an “overreaction,” the emergence of ... Read more

Read more at Credit Smart Path

AI Investment Fuels Job Growth: Ramp Study Reveals 10% Workforce Expansion, Defying Layoff Fears

admin — Fri, 17 Jul 2026 22:07:17 +0000

Artificial intelligence (AI) adoption is rapidly transforming industries globally, often sparking intense debate about its impact on employment. Prevailing anxieties often predict widespread job displacement, particularly in white-collar roles. However, a recent, comprehensive study by financial operations platform Ramp, conducted in collaboration with labor market analytics firm Revelio Labs, presents a compelling counter-narrative: companies making ... Read more

Read more at Credit Smart Path

Clarity Act’s Rocky Senate Path: Jefferies Warns of Crypto Volatility Amidst Regulatory Uncertainty

admin — Fri, 17 Jul 2026 19:17:05 +0000

The proposed Clarity Act faces substantial legislative hurdles despite recent progress in the Senate Banking Committee. Investment bank Jefferies has issued a cautionary note, highlighting that ongoing political uncertainty surrounding the bill could ignite significant volatility across cryptocurrency markets in the coming weeks. Earlier this year, the bill achieved a bipartisan committee passage with a ... Read more

Read more at Credit Smart Path

AI Investment Fuels Job Growth: Ramp Study Challenges Layoff Narratives

admin — Fri, 17 Jul 2026 19:09:21 +0000

Widespread concerns about artificial intelligence (AI) leading to mass job displacement, particularly in white-collar professions, are being challenged by new research. A comprehensive study from financial operations platform Ramp indicates that companies making substantial investments in AI are actively growing their workforces, rather than downsizing. AI Adopters Expand Headcount Significantly The report, conducted in collaboration ... Read more

Read more at Credit Smart Path

Jefferies Warns Crypto Market Volatility Will Remain High Despite Senate’s Partial Clarity Act Progress

admin — Fri, 17 Jul 2026 16:16:42 +0000

Jefferies Warns Crypto Market Volatility Will Remain High Despite Senate’s Partial Clarity Act Progress What is the Clarity Act and why does it matter? The Clarity Act, formally known as the U.S. Financial Market Structure and Investor Protection Act, is legislation designed to provide a clear regulatory framework for digital assets. By defining when a ... Read more

Read more at Credit Smart Path

Billion-Dollar Crypto Scam: Miles Guo Sentenced to 30 Years

admin — Fri, 17 Jul 2026 16:14:47 +0000

The Rise and Fall of Miles Guo: A $1 Billion Crypto Fraud Conviction Sentencing. On June 30, 2026, a federal judge in the Southern District of New York imposed a 30‑year prison term on Miles Guo, a Chinese‑born businessman who built a $1 billion crypto‑related scheme called H‑Coin. The ruling followed a jury finding Guo guilty ... Read more

Read more at Credit Smart Path

SEC Opens Comment on Overhauling ETF Rules: Implications for Crypto and Traditional Markets

admin — Fri, 17 Jul 2026 16:12:20 +0000

SEC Launches Comment Period on Proposed ETF Rule Changes The U.S. Securities and Exchange Commission (SEC) has opened a 60‑day request for comment on a sweeping set of proposals that could reshape how exchange‑traded funds (ETFs) — especially those tied to digital assets — are brought to market. The move follows a surge in crypto‑linked ... Read more

Read more at Credit Smart Path