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The deal marks Kraken's largest acquisition as it pushes into Asian cross-border payments through stablecoin infrastructure.
Read full articleAccording to Binance’s Latam North General Manager, Daniel Acosta, stablecoins now account for up to 90% of the $28 billion in annual volumes transacted in the Peruvian crypto market. Acosta stressed that the driving use cases for stablecoins in Peru were cross-border payments and remittances. Stablecoins Dominate 90% of Peru’s Crypto Market Stablecoins have become […]
Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…
The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos.
Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.
Chinese AI lab DeepSeek is in talks to raise its first venture capital round at a valuation that has climbed from $20 billion to $45 billion in weeks, according to the Financial Times and Bloomberg. The round is expected to be led by China Integrated Circuit Industry Investment Fund, with cloud giants Tencent and Alibaba […]
AirPods Pro 3 | Photo by Amelia Holowaty Krales / The Verge Apple's rumored AirPods with cameras are nearing a stage where the company will test early mass production, Bloomberg's Mark Gurman reports. Currently, Apple testers are "actively using" prototypes that are in the design validation test stage, which is one step before the production validation test stage. The AirPods' cameras "aren't designed" to snap photos or video but instead can take in "visual information in low resolution" that users can query Siri about, like asking the AI assistant what they should cook with the ingredients they have in front of them, according to Gurman. They may also use the cameras to help with things like turn-b … Read the full story at The Verge.
The next update to Apple's operating systems could allow users to choose their preferred AI model for running Apple Intelligence. According to Bloomberg's Mark Gurman, Apple is planning to allow third-party chatbots to power its AI features system-wide in iOS 27, iPadOS 27, and macOS 27, all expected for this fall. In addition to running Siri, compatible third-party AI models, called "Extensions," will also now be able to run other Apple Intelligence features like Writing Tools and Image Playground. According to Gurman, Apple will also allow users to choose different Siri voices for different AI models - Siri responses from one of Apple's … Read the full story at The Verge.
Apple has held “exploratory” talks about manufacturing processors for its devices in the US, Bloomberg reports. The move seems to reflect Apple’s need to secure additional chip supplies to meet growing demand for its products, but could also represent a contingency plan to reduce the company’s reliance on Taiwan Semiconductor Manufacturing Company (TSMC’s) advanced manufacturing facilities in Taiwan. I doubt this means Apple doesn’t want to work with TSMC, nor does it mean TSMC is cooling on Apple. I suspect company management is far more concerned about what might happen in the event China attacks TSMC’s home nation. Contingency planning That concern seems legitimate in the context of unravelling of international relations and a recently-disclosed warning the CIA gave to tech leaders back in 2023. Executives from Apple, AMD, and Qualcomm were all warned that China might attack Taiwan. Such an attack would comprise a huge threat to the entire tech industry. Speaking at the World Econ
