BitPay Report Reveals Increased Crypto Consumer Spending
“The 2024 BitPay Spending Report” showed 20% growth in crypto payments from January to March 2024, with certain sectors showing more impressive results.
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BlueSnap Reaches $10 Million Settlement With FTC
BlueSnap and its former CEO settled with the Federal Trade Commission (FTC) for knowingly processing payment transactions for deceptive and fraudulent companies.
Vodafone Looks to Link SIM Cards to Blockchain
Telecom provider Vodafone plans to integrate blockchain technology and cryptocurrency wallets into smartphone SIM cards.
Zopa Bank Reports £4 Billion in Customer Deposits
Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.
Microsoft Bans Police Departments From Using AI Service for Facial Recognition
Microsoft has banned police departments from using its Azure OpenAI service for facial recognition.
April US Job Growth Totals 175,000
The United States economy added fewer jobs in April than initially expected.
Rue21 Files for Bankruptcy
The Rue21 mall staple, which specializes in activities for the sale of clothing for teenagers, will stop its business in the coming weeks and close all its 540 stores.
Apple Plans $110 Billion Share Buyback
Last Thursday, May 2, Apple released information about its financial results for the first quarter of 2024 and announced a record share buyback.
Microsoft to Invest $2.2B in AI and Cloud Infrastructure in Malaysia
Microsoft has pledged a single largest investment of $2.2 billion into Malaysia’s digital transformation, to support the country’s cloud and artificial intelligence (AI) infrastructure development.
Anthropic Expands Enterprise Offering
The company Anthropic, which operates in the artificial intelligence industry, announced the launch of its first smartphone app and a new enterprise subscription plan.
OECD Says World Economy Looks to Dodge Stagflation Rut
The Organisation for Economic Co-operation and Development (OECD) stated that the outlook of the global economic system is improving.
Wealth Management Startup Altruist Raises $169 Million
Wealth management startup Altruist has announced that it has managed to raise $169 million in investment funds.
Hong Kong Growth Beats Expectations
The Hong Kong economy in the first quarter of the current year demonstrated growth rates that significantly exceeded preliminary expectations for the dynamic of the corresponding indicator.
Jerome Powell Keeps Hopes Alive for Interest-Rate Cut
Federal Reserve Chairman Jerome Powell, still at the level of hypothetical assumptions, does not deny the likelihood that at some point during the current year, a decision will be made on cutting interest rates, but at the same time recognizes the fact that the circumstances of the external environment are not absolutely favorable for lowering […]
Walmart Launches New Grocery Brand
Walmart has unveiled a new grocery brand as part of its drive to retain the customers the company gained during a period of high inflation.
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