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Bitcoin reportedly hit an all-time high Friday (July 11), driven in part by investors’ optimism around crypto legislation and corporate treasuries’ interest in buying bitcoin.
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Bitcoin briefly surpassed $118,000 and it rose as high as $118,872.85, CNBC reported Friday.
At the time of that report, bitcoin was on track to gain 10% for the week and have its best week since...
In March, the White House handed down an executive order mandating that the federal government will stop issuing paper checks for disbursements, effective Sept. 30, and will stop accepting them for payments “as soon as practicable.”
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Through the past several months, PYMNTS Intelligence, alongside Ingo Payments, has found that government disbursements have been...
Next week, starting July 14, is “Crypto Week” in the U.S.
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This event is a series of policy votes being held by lawmakers in Washington hoping to push through three critical pieces of crypto regulation. It would be the first time in the U.S. that the digital asset sector might hope for federal regulatory clarity.
“The House of Representatives looks forward to considering...
The Securities and Exchange Commission (SEC) said Friday (July 11) that it filed charges against Newnan, Georgia-based First Liberty Building...
The growing ties between stablecoins and the traditional financial system pose risks to financial integrity and financial stability, the Bank for International Settlements (BIS) said in one of the key takeaways from a bulletin released Friday (July 11).
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The BIS also said the use of foreign currency-denominated stablecoins could threaten monetary sovereignty and the...
Costco’s total company comparable sales increased 5.8% in June, driven by demand for fresh foods and non-food categories like jewelry, major appliances and gift cards.
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By region, the retailer’s sales were up 4.7% in the United States, 6.7% in Canada and 10.9% in its other international markets, Costco said in a Wednesday (July 9) press release.
Costco’s eCommerce sales...
Amazon Web Services (AWS) will reportedly launch an artificial intelligence (AI) agent marketplace on July 15 during its AWS Summit.
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One of the company’s partners in the marketplace will be Anthropic, TechCrunch reported Thursday (July 10), citing unnamed sources.
Reached by PYMNTS, an AWS spokesperson declined to comment on the report.
Anthropic did not immediately...
This week in artificial intelligence, Nvidia reached a record market capitalization, while Americans are using AI chatbots to get medical advice and restaurants are using robots end-to-end. Meanwhile, Microsoft saved $500,000 using AI but still laid off workers.
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Nvidia Is First Company to Hit $4 Trillion Market Cap
Nvidia, the dominant AI chipmaker, crossed into...
On Thursday (July 10), the United States confirmed Jonathan Gould as Comptroller of the Currency, becoming the first permanent head of the banking regulator in roughly five years.
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His experience as chief legal officer at blockchain firm Bifury and a previous tenure at the Office of the Comptroller of the Currency (OCC) during the previous Trump administration as senior...