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Bitcoin slumped in October and continues to struggle to gain momentum in November.
That’s according to a report Tuesday (Nov. 11) from Bloomberg News, which noted there are signs of mounting fatigue across cryptocurrency markets after a $340 billion plunge.
The price of bitcoin, the most popular crypto, briefly rose above $107,000 Monday (Nov. 10) before sliding back below $105,000,...
Meta Chief AI Scientist Yann LeCun is preparing to leave the company to launch a new venture focused on foundational artificial intelligence architectures, the Financial Times reported Tuesday (Nov. 11).
Meta’s Turbulence Sets the Stage
LeCun’s decision comes as Meta faces turbulence in its AI operations. The company announced Oct. 22 that it would cut about 600 roles in its AI unit to...
B2B payment network Paystand has acquired Bitwage, a platform for stablecoin‑enabled cross‑border payouts.
The company says the deal, announced Tuesday (Nov. 11) will help it deliver “enterprise‑grade stablecoin settlement” and foreign exchange (FX) on its network, which has processed more than $20 billion in payment volume for upwards of 1,000 enterprises and more than one million...
eCommerce platforms like TikTok Shop are reportedly flooded with an uptick in AI-fueled scams.
Fraudulent sellers are using generative AI tools to invent fake brands or dupe products to get users to pay for goods that don’t really exist, Nicolas Waldmann, who heads TikTok Shop’s governance and experience external affairs team, told Business Insider Tuesday (Nov. 11).
“It’s organized...
For small business owners, the Affordable Care Act (ACA) is about to become less affordable.
As Bloomberg News reported Tuesday (Nov. 11), small business owners and their employees, as well as self-employed workers, make up almost half of the enrollees in ACA plans. Premiums for those plans, the report added, are projected to surge 114% on average in 2026 upon the expiration of COVID-...
SoFi Technologies said it has become the first nationally-chartered bank to offer consumer cryptocurrency trading.
SoFiCrypto, announced by the digital financial services company Tuesday (Nov. 11), lets customers buy, sell and hold crypto such as Bitcoin, Ethereum and Solana. The platform is rolling out in phases and will become available to more members in the weeks ahead.
“Today...
Circle CEO Jeremy Allaire is reportedly battling naysayers ahead of the company’s next earnings report.
Bloomberg published an interview with Allaire Tuesday (Nov. 11), one day before his stablecoin company releases quarterly numbers.
“Jeremy Allaire has consistently taken a different strategic path from the Bitcoin ecosystem,” said Cory Klippsten, who runs Bitcoin investing platform...
Optimism among America’s small businesses fell last month amid labor and profit headaches.
That’s according to the October edition of the National Federation of Independent Business (NFIB) Small Business Optimism Index, released Tuesday (Nov. 11), and showing a 0.6 point decline in October to 98.2. That’s still above the 52-year average of 98.
Meanwhile, the NFIB’s Uncertainty Index...
In uncertain times, access to cash can make the difference between survival and shutdown.
For small- to medium-sized businesses (SMBs), the third-quarter earnings season revealed a growing dependence on working capital extended by the very platforms that power their sales.
The PYMNTS Intelligence report “How Retail Small Businesses Finance Survival in Uncertain Times” found that half...
Visa found via its “Monetized: Visa 2025 Creator Report” that the world’s content creators expect the next year to be a good one.
“Creators are among the most dynamic small business segments in the world,” Jonathan Kolozsvary, global head of small business for Visa Commercial Solutions, said in a Tuesday news release. “Our creator report showcases their ingenuity and guides how Visa is...