South Korea's Jeonbuk Bank Pioneers Bitcoin-Collateralized Loans for Businesses, Opening New Avenues for Corporate Finance

South Korea's Jeonbuk Bank has reportedly begun offering Korean won loans to businesses using Bitcoin as collateral, marking a first for the country's commercial banking sector. The cryptocurrency is held by a third-party custodian, and recent regulatory changes allow the bank to pursue recovery through court-ordered sales of the collateral without directly taking possession of Bitcoin.

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Microsoft's Secret Data Center Plan Revealed: Capacity Set to Surge Over 200% by 2032, Fueling AI Infrastructure Ambitions

Microsoft aims to more than triple its global data center capacity to over 38 gigawatts by 2032, according to informed sources. This ambitious expansion would exceed peak electricity demand of New York State, focusing primarily on owned and leased facilities while excluding certain emerging cloud providers. Plans remain subject to change due to evolving technology and client needs.

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