Latest posts
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Credit Card Delinquencies Edge Up to 2.5% Across Top Banks
The average credit card delinquency rate ticked up from 2.48% in June to 2.50% in July, Seeking Alpha reported Tuesday (Aug. 18), based on the results of seven banks. The figure remains below the pre-pandemic average of 2.68%, according to the report. During the same period, the banks’ average net charge-off rate declined from 3.42%…
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‘It has to pass’: Andrew Cuomo warns U.S. is falling behind on crypto rules
Former New York Gov. Andrew Cuomo says the CLARITY Act is key to linking crypto and traditional markets.
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SEC Proposes Rules to Streamline Capital Formation for Digital Asset Entrepreneurs
The Securities and Exchange Commission (SEC) proposed new rules that it said in a Tuesday (Aug. 18) press release would create a clear framework for certain investment contracts involving crypto assets. Dubbed “Regulation Crypto Assets,” the proposed rule will be open for a 60-day public comment period following its publication in the Federal Register, according…
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Robinhood CEO urges U.S. to clear path for tokenized stocks as overseas markets advance
Vlad Tenev says tokenized stocks could bring real-time settlement and 24/7 trading, but U.S. rules remain a hurdle.
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Corporate America’s Top 1% Spend $7,400 Per Employee on AI
The top 1% of U.S. businesses spent a median of $7,400 per employee on artificial intelligence in July, while the top 10% spent roughly $650, according to the Ramp AI Index released Aug. 12. The median company spent just $11.95 per employee. That gap leaves the heaviest spenders with AI budgets more than 600 times…
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Kraken parent Payward joins Anthropic’s Project Glasswing for AI security push
Payward will use Anthropic’s cybersecurity model to hunt vulnerabilities and share open-source findings.
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Saylor says share buyback isn’t priority as Strategy builds $4.8 billion cash reserve
Strategy is prioritizing STRC, cash reserves, and its credit business over stock buybacks, Executive Chairman Michael Saylor said Monday.
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Compound bets $52 million, new leadership team in switch to institutional focus
The protocol pioneered decentralized finance lending, but assets locked have tumbled from a peak five years ago. Now it’s looking to attract institutions after retail traders lost interest.
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Groq Raises $350 Million to Fund AI Inference Goals
Artificial intelligence (AI) inference company Groq has raised $350 million in new funding. The Series A round will help Groq support customers “seeking usage of medium and larger sized clusters of Nvidia accelerated computing for training and inference,” the company said in a news release Monday (Aug. 17). The round was led by tech investment…