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PayPal files to form Utah industrial bank for crypto, loans
Paypal has applied for approval to establish a Utah-chartered industrial bank.This would enable the company to originate loans, hold deposits, and access payment networks...
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Ford to Take $19.5 Billion Hit as It Scales Back Electric Vehicles
Ford will take $19.5 billion in charges as it scales back certain electric vehicle (EV) models, shifting focus to hybrid and gas-powered vehicles.
The company...
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Crypto Market Correction: $527M Liquidations Amid Rising AI Debt Risks
Cryptocurrency market correction occurred with Bitcoin retesting $85,000 and Ether declining to $2,900.Over $527 million in leveraged crypto positions were liquidated within 24 hours,...
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PayPal Applies to Launch Its First U.S. Bank for Small Business
Paypal Holdings has applied to open its first physical U.S. bank, chartered in Utah as an industrial loan company.The proposed bank would focus on...
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Crypto Stocks Dive as Market Liquidations Hit BTC, ETH, Solana
Shares of Coinbase (COIN), Strategy (MSTR), and other crypto stocks dropped due to increased liquidations in the cryptocurrency market.Leading cryptocurrencies like Bitcoin (BTC), Ethereum...
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Mattel Delays OpenAI Partnership Product Launch Past 2025 Target
Mattel has delayed the announcement of its first product in partnership with OpenAI beyond the originally planned 2025 date.
The initial product, focused on using...
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Nvidia Unveils Faster AI Models Amid H200 Chip Demand Rally
NVIDIA launched a new open-source AI model family, promising faster, cheaper, and smarter performance.The company is assessing expanding production of its high-demand H200 AI...
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Nvidia Acquires SchedMD to Integrate Slurm With AI Ecosystem
NVIDIA has acquired SchedMD, the company behind the open-source workload management system Slurm, to enhance its AI software ecosystem.
Slurm will remain open-source, and NVIDIA...
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Two GeoNetwork Flaws Enable Unauthenticated Remote Code Execution
Two critical vulnerabilities in GeoNetwork can be chained for unauthenticated remote code execution (RCE), affecting many government geoportals.The flaws...
SEC proposes first blockchain-era transfer agent rule update
The SEC proposed the first major update to transfer agent rules since the 1980s, directly addressing blockchain recordkeeping and...
Strategy CEO defends $80K Bitcoin buy after $60K sale
Strategy CEO Phong Le defended buying Bitcoin near $80,000 after selling in the $60,000 range, calling it the "right...
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