Feed Items
Stablecoins would rather that the traditional financial sector forgot about the last decade of crypto.
[contact-form-7]
While the industry’s Wild West growth pains during its first dozen years of existence were defined by volatility, scams and regulatory standoffs, stablecoin proponents are eyeing a future where the next chapter of blockchain-based finance may be characterized by...
Blockchain company Ripple and the Securities and Exchange Commission (SEC) told a court Thursday (Aug. 7) that they have ended their appeals in a long-running legal battle.
[contact-form-7]
“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the second circuit to dismiss their appeals,” Ripple Chief Legal Officer Stuart Alderoty said in a Thursday ...
PYMNTS Intelligence has long chronicled the challenges facing smaller firms navigating the storms of economic volatility. Capital, of course, offers up a buffer against the turbulence, and capital can be hard to come by.
[contact-form-7]
As a result, and as tariffs started to take root this spring, PYMNTS Intelligence found that across 560 firms surveyed, a minority, at 36%, had access...
Spanish bank BBVA is reportedly acting as an independent custodian for clients of cryptocurrency exchange Binance, helping those customers hold assets off the exchange.
[contact-form-7]
The bank recently began offering this service and became one of only a few independent custodians for Binance, the Financial Times (FT) reported Thursday (August 7), citing unnamed sources.
Neither BBVA...
From the release of GPT-5 to travel platform Expedia implementing artificial intelligence throughout its business to rental car companies using the tech to assess damage to rentals, here are this week’s top AI stories.
[contact-form-7]
ChatGPT Gets Boost in Capabilities With GPT-5
OpenAI released its much-anticipated and most powerful model, GPT-5, Thursday (Aug. 7).
The multimodal...
Shopify aggregator OpenStore is reportedly in the midst of a reorganization in which it is shutting down more than 40 Shopify stores, liquidating remaining inventory, and focusing solely on its menswear brand Jack Archer.
[contact-form-7]
These changes follow a four-year period in which OpenStore acquired more than 40 Shopify storefronts offering a variety of products, CNBC reported...
The U.K.’s Financial Conduct Authority (FCA) will continue to engage with the industry as it works to establish a new standard-setting body for open banking later this year.
[contact-form-7]
This new body will support the rollout of variable recurring payments for some types of household bills, the regulator said in a Friday (August 8) press release announcing its publication of a...
The conventional wisdom is that consumers in the United States, burdened by debt, are trapped in a cycle of using credit to get what they need, and then juggling their debt, grappling with monthly payments.
[contact-form-7]
But data and commentary from earnings season thus far indicate that most consumers are proving to be adroit managers of credit, particularly credit cards.
Although...
Google is testing a new version of Google Finance that includes features powered by artificial intelligence (AI).
[contact-form-7]
Over the coming weeks, Google Finance users in the U.S. will see the option to toggle between the new and classic versions, the company said in a Friday (Aug. 8) blog post.
The AI features in the new version of Google Finance allow users to get comprehensive...
Many of the artificial intelligence (AI) researchers who joined Meta as part of that company’s high-profile recruiting efforts are reportedly working in a new team called TBD Lab and leading the development of the next version of the large language model (LLM) Llama.
[contact-form-7]
TBD Lab will work alongside other AI teams in Meta’s recently formed Superintelligence Labs group,...