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Stablecoin Startups Spark Trouble for JPMorganExclusive

Stablecoin Startups Spark Trouble for JPMorgan

JPMorgan Chase in recent months has frozen accounts used by at least two fast-growing stablecoin startups, highlighting the risk that cryptocurrency transactions pose for banks, which are required to know the people they do business with and the source of their cash. The stablecoin startups did business in Venezuela and other places that posed legal risks to the bank due to sanctions or other restrictions. One of the stablecoin startups has advertised that customers do not have to submit to...

Waymo Upgrades Fleet in Response to San Francisco Outage

The robotaxi firm says it is updating its software to give its cars more context about regional power issues.

Binance Promotes Trump Family’s Stablecoin With 20% Yield

The stablecoin, USD1, saw its market circulation rising to nearly $3 billion on Wednesday.

More PE Firms Raise Cash Selling Stakes in Fees, Profits

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Motive Technologies’ IPO Filing Reveals Solid Growth, Growing Losses

The fleet management software-maker grew its revenue by 22% in the six months to September.

Pentagon to Add xAI’s Grok to AI Service Early Next Year

The service, called genAI.mil, launched earlier this month with only Google’s Gemini model available.

ServiceNow to Acquire Armis for $7.75 Billion

The deal comes on the heels of several other large acquisitions by ServiceNow.

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