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JPMorgan Chase plans to launch a product called a “deposit token” that will serve as a digital representation of commercial bank money and will be available only to the bank’s institutional clients.
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The deposit token, dubbed “JPMD,” will provide an alternative to stablecoins and will be closely connected to traditional banking systems, CNBC reported Tuesday (June 17),...
U.S. President Donald Trump, who has referred to himself as America’s first “crypto president,” wanted stablecoin legislation to reach his desk prior to the Congressional recess in August.
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On Tuesday (June 17), that wish got one step closer to reality with the Senate passing the GENIUS Act, an acronym for Guiding and Establishing National Innovation for U.S. Stablecoins...
Elon Musk’s artificial intelligence (AI) startup, xAI, reportedly expects to spend $13 billion this year while bringing in revenues of $500 million.
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The company shared this data with investors while working to raise $9.3 billion in debt and equity, Bloomberg reported Tuesday (June 17), citing unnamed sources.
XAI did not immediately reply to PYMNTS’ request for comment...
Robinhood said Tuesday (June 17) that it has begun rolling out two tools as part of its effort to become the top destination for active traders.
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The new tools include charting capabilities on mobile and options simulated returns pre-trade, the trading platform said in a Tuesday press release.
“Active traders want fast, intuitive tools that keep them at the cutting edge...
Regulators and lawmakers are taking a fresh look at payments fraud, and as a result, federal action may be brought to bear on the growing challenge of check fraud.
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On Monday (June 16), a trio of regulators, including the Federal Reserve, the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp., issued a request for public comment on fraud, with...
Spanish bank BBVA reportedly advises that wealthy clients invest between 3% and 7% of their portfolios in the cryptocurrencies bitcoin and ether.
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The share depends on the client’s risk appetite, Philippe Meyer, head of digital and blockchain solutions at BBVA Switzerland, said while speaking at the DigiAssets conference in London, Reuters reported Tuesday (June 17).
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Finance app Revolut is reportedly experimenting with an artificial intelligence (AI) financial assistant and plans to launch it soon.
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Speaking at a Bloomberg New Voices event in Milan, Revolut’s U.K. CEO Francesca Carlesi said the AI financial assistant “will go live shortly,” Bloomberg reported Tuesday (June 17).
The FinTech company has said in the past that one of...
America is now officially a nation of cord-cutters, according to new Nielsen data.
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For the first time ever, the number of viewers who watched TV via streaming services has surpassed the combined total of broadcast and cable viewing, the media research company said in its monthly Gauge report Tuesday (June 17).
According to the report, streaming accounted for 44.8% of TV...
Israeli data analytics platform Coralogix has reportedly reached unicorn status.
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The company nearly doubled its valuation to more than $1 billion in its latest funding round, Co-founder and CEO Ariel Assaraf said in a Tuesday (June 17) Reuters interview.
The interview came as the company announced it had raised $115 million in a round led by California-based venture...
Payments infrastructure platform Payabli has raised $28 million in new funding.
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The company’s Series B round, announced Tuesday (June 17), was led by Fika Ventures and QED Investors with participation from existing investors TTV Capital and Bling Capital.
It comes just nine months after a Series A financing round led by QED, and brings Payabli’s total capital to $60...