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Coinbase Gives Up On Bitcoin-Backed Loans
Blockchain & Crypto

Coinbase Gives Up On Bitcoin-Backed Loans

Coinbase stopped issuing new Bitcoin-backed loans through its Borrow service, which allowed users to borrow up to $1 million with no credit check The crypto exchange Coinbase informed its customers that starting May 10, 2023, the company terminates its Coinbase Borrow service which allowed US users to receive fiat loans with crypto collateral. The lending feature […]

PacWest Bancorp Reportedly Considers Sale
Finance & Economics

PacWest Bancorp Reportedly Considers Sale

The media reports that PacWest Bancorp, which is in a difficult situation, is considering selling, breaking up, or increasing its capital.

Lemonade Expects Generative AI to Improve Business Processes and Profits
Fintech & Ecommerce

Lemonade Expects Generative AI to Improve Business Processes and Profits

Lemonade Insurance company expects that with the help of generative artificial intelligence, it will automate and improve its business processes.

Google Adds Passkeys as Option for Accounts
Science & Technology

Google Adds Passkeys as Option for Accounts

Users of Google accounts have been able to log in without a password.

Western Union Sees Digital Transactions Grow
Fintech & Ecommerce

Western Union Sees Digital Transactions Grow

Western Union reported an increase in the number of digital transactions.

Mavenir Raises $100 Million
Finance & Economics

Mavenir Raises $100 Million

Mavenir, a company that specializes in open radio access networks and related services for 5G networks, announced that it managed to attract investment funds for $100 million.

Mozilla Buys Startup Fakespot
Fintech & Ecommerce

Mozilla Buys Startup Fakespot

Mozilla on Tuesday, May 2, announced the acquisition of the startup Fakespot.

Starbucks’ US Loyalty Membership Increases 15%
Finance & Economics

Starbucks’ US Loyalty Membership Increases 15%

The Starbucks loyalty program demonstrates growth in not the most favorable conditions for activating positive trends.

Coinbase Debuts Offshore Exchange
Blockchain & Crypto

Coinbase Debuts Offshore Exchange

Coinbase announced the launch of an international cryptocurrency exchange.

IBM Suspends Hiring Due to AI
Science & Technology

IBM Suspends Hiring Due to AI

The media reports that IBM plans to temporarily stop recruiting employees for those positions that artificial intelligence can handle.

Nextdoor Launches New Assistant Feature
Science & Technology

Nextdoor Launches New Assistant Feature

Nextdoor social network on Tuesday, May 2, introduced a new feature that is based on generative artificial intelligence.

Janet Yellen Warns of US Cash Shortage Risk by June
Finance & Economics

Janet Yellen Warns of US Cash Shortage Risk by June

US Treasury Secretary Janet Yellen said there is a risk that the US will run out of cash by June 1 if Congress does not decide to raise or suspend the debt ceiling.

Apple Releases First Rapid Security Fixes for iPhones, iPads and Macs
Science & Technology

Apple Releases First Rapid Security Fixes for iPhones, iPads and Macs

Apple has released the first batch of publicly available rapid security fixes.

Chase Powers New Rewards for Amazon Prime Visa Cardholders
Fintech & Ecommerce

Chase Powers New Rewards for Amazon Prime Visa Cardholders

Chase and Amazon have introduced new rewards and money-back opportunities for Amazon Visa cardholders.

JPMorgan to Take Over First Republic Bank
Finance & Economics

JPMorgan to Take Over First Republic Bank

JPMorgan will take over the management of the American First Republic Bank, which found itself in a crisis situation.

OpenAI Closes $300 Million Share Sale
Finance & Economics

OpenAI Closes $300 Million Share Sale

OpenAI startup, which has developed a popular conversational model of artificial intelligence ChatGPT, actively interacts with venture capital companies.