Stripe Returns Crypto Payments With USDC Stablecoin
After the company postponed BTC transactions in 2018, Stripe is ready to bring back a crypto payment option in the form of stablecoin transfers this summer.
News
Airwallex Expands to U.S.
U.S. businesses can now use Airwallex to accept cards, mobile wallets, and local payment methods for cross-border transactions.
Nvidia to Acquire Israeli Startup Run:ai
AI workload management and orchestration software provider Run:ai has fruitfully collaborated with Nvidia since 2020.
Amazon to Invest $11 Billion in Indiana
Amazon.com ‘s cloud computing unit has announced plans to invest $11 billion in projects to build data centers in Indiana.
Microsoft-Backed Rubrik Shares Increase 25%
Rubrik Inc. securities rose in price by 25% during the trading debut after this startup specializing in the development of solutions for cloud security and data protection, backed by Microsoft, was able to raise $752 million in the initial public offering (IPO) of shares.
EU Approves Due Diligence Obligations For Crypto Companies Under MiCA
According to the new EU laws, crypto asset managers will be required to conduct due diligence measures and identity checks and report any suspicious activities to authorities.
BNP Paribas First-Quarter Profit Beats Forecasts
BNP Paribas Bank on Thursday, April 25, released earnings data for the first quarter of 2024, which exceeded preliminary expectations.
South Korea Q1 GDP Growth Exceeds Estimates
South Korea’s economy showed growth in the first quarter of 2024, which turned out to be the fastest in more than two years.
Barclays Reports Earnings
On Thursday, April 25, Barclays shares rose in price by 4% after this financial institution, based in London, published information on net income attributable to shareholders for the first quarter of the current year.
Meta’s Stock Declines on AI Spending Plans
On Thursday, April 25, at the premarket, the price of Meta shares showed a drop in the dynamic amid news about the intention of this technology giant to switch to a strategy of so-called aggressive investment in the artificial intelligence industry, which investors treat with extreme caution and significant concerns.
Canada Institutional Investors Increase Crypto Exposure to 39%
In 2023, institutional investors in Canada expanded their exposure to crypto assets, with 39% of KPMG survey respondents dealing with the asset class in some way.
Switzerland Says About UBS’s Likely Need for Money
A year after the bankruptcy of Credit Suisse, the Swiss government announced the likelihood that UBS would have to find up to $27 billion to absorb potential losses and prevent a banking collapse, which could be a very sensitive event for the country’s financial system.
SK Hynix Plans Chip Production Expansion
SK Hynix Inc. intends to spend about $14.6 billion on the construction of a complex for the production of memory chips in South Korea.
Visa and Standard Chartered Collaborate on Cross-Border B2B Payments
Standard Chartered has entered into a partnership agreement with Visa to facilitate the procedure for making B2B payments for corporate clients of a financial institution.
Square Expands Offline Payments
Square has announced the expansion of offline payments for all hardware devices in each country.
Mastercard Improves AI-Driven Fraud Defense
Mastercard is launching a partnership approach based on artificial intelligence to detect and prevent fraudulent activities involving the use of personal data and payments before the operations of criminals transform into victimizing consumers.
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