Feed Items
The idea that bitcoin could be used to buy a cup of coffee has been more ideological than practical since the very inception of blockchain.
After all, bitcoin cannot become everyday money if spending it feels like filing paperwork, and under current U.S. tax law, digital assets are treated like investments. Choosing cryptocurrency at checkout has traditionally incurred a shopper tax...
The Office of the Comptroller of the Currency (OCC) published an interpretive letter Tuesday (Nov. 18) that the regulator said confirmed that for specified activities, national banks can pay crypto-asset network fees and hold crypto-assets as principal.
The OCC detailed its confirmation of these activities in its Interpretive Letter 1186, the regulator said in a Tuesday press release....
Amazon is introducing new features for its AI shopping assistant amid triple-digit user growth.
The updates to the company’s Rufus, announced Tuesday (Nov. 18), include enhancements to its knowledge of shopping category and product research and evaluation, and product search and recommendations.
In addition, Amazon says it has developed more than 50 technical upgrades, enhancements,...
Accounting automation platform Maxima raised $41 million in seed and Series A funding.
The capital will help the company bolster its offering, which uses artificial intelligence agents to help accounting teams, according to a Tuesday (Nov. 18) press release.
“Despite decades of software innovation, accounting remains one of the most manual and error-prone functions in business,” the...
Klarna’s third-quarter earnings update Tuesday (Nov. 18), its first earnings report as a publicly listed company, detailed a strategic transformation that seeks to push the brand beyond payments and into the competitive arena of full-scale digital banking.
CEO Sebastian Siemiatkowski framed the opportunity as technological and behavioral, describing how trust, rather than data, will...
Google CEO Sundar Pichai told BBC News that the artificial intelligence (AI) boom contains both rational and irrational elements.
Pichai said the tech industry can “overshoot” during investment cycles like the one currently happening with AI, the BBC reported Tuesday (Nov. 18).
He compared this investment cycle with the one that happened in the early days of the internet. There was “...
TurboTax maker Intuit has launched a partnership with artificial intelligence (AI) startup OpenAI.
The collaboration, announced Tuesday (Nov. 18), will let users of OpenAI’s ChatGPT take “trusted, secure, and accurate financial actions” through Intuit’s various apps, which can be accessed within the chatbot.
According to an Intuit news release, this marks the first time consumers and...
U.S. Bank now offers its business clients an artificial intelligence-enabled cash forecasting tool powered by Kyriba’s liquidity performance platform.
The new U.S. Bank Liquidity Manager leverages traditional methods and AI to deliver cash forecasting, scenario planning and operational efficiency for mid-sized and large firms, the bank said in a Tuesday (Nov. 18) press release.
The...
Brazil is considering a tax on cross-border cryptocurrency payments, Reuters reported Tuesday (Nov. 18), citing unnamed sources.
Such a move could close a loophole in Brazil’s normal tax on international transactions, the report said.
Brazil’s Finance Ministry is weighing an expansion of its financial transaction tax (IOF) to cover some cross-border transfers that use virtual assets...
When it comes to consumer and corporate confidence, the bellwethers are increasingly ringing the alarm.
That was the case on Home Depot’s third-quarter 2025 investor earnings call Tuesday (Nov. 18).
“We believe that consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand,” said Ted Decker, chair, president and CEO of The Home...