Tag: new | BizAndTech Newswire

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Binance, Franklin Templeton Partner to Launch Off-Exchange Collateral Initiative
As part of the ongoing global effort to effectively bridge traditional finance (TradFi) and the digital asset ecosystem, Binance has recently teamed up with investment firm Franklin Templeton to intro...

White House Says CFPB Rules Cost Americans $237 Billion
Republican lawmakers vowed Tuesday (Feb. 17) to reform the Consumer Financial Protection Bureau (CFPB) after a White House report detailed what it said are the costs of the agency and its regulations....

Stripe-Owned Bridge Clears OCC Hurdle for Federal Bank Charter
Stripe-owned Bridge announced Tuesday (Feb. 17) that it received conditional approval from the Office of the Comptroller of the Currency (OCC) to organize a federally chartered national trust b...

Meta and Nvidia Renew Their Vows
Take that, Sundar Pichai! Three months after we scooped news that Meta Platforms was in talks to spend billions on Google AI chips—known as tensor processing units—for its data centers, Meta and N...

CFTC claims exclusive federal authority over prediction markets in new brief, clashing with states
The filing marks the latest move by the agency to assert federal jurisdiction over fast-growing prediction markets like Kalshi & Polymarket....

Fed Flags Structural Weak Spots in Stablecoins and Digital Money Funds
Every financial crisis has a villain that nobody saw coming. In 2008, it was mortgage-backed securities. In March 2020, it was prime money market funds, which saw investors pull billions in days as pa...

Meta’s new deal with Nvidia buys up millions of AI chips
Meta has struck a multiyear deal to expand its data centers with millions of Nvidia's Grace and Vera CPUs and Blackwell and Rubin GPUs. While Meta has long been using Nvidia's hardware for its ...

Anduril Fundraising Shows Defense Tech Is Still Red-Hot
In case you missed it on Friday, we broke the news that Anduril is in talks to double its valuation to around $60 billion in a new funding round.The round is notable for more than just its price. Whil...

Private Software Firms Beat AI Disruption Fears With Early Earnings
Privately held software firms McAfee, Rocket Software, Perforce Software and Cloudera released their earnings to lenders ahead of schedule to reassure those lenders at a time when some are concerned t...

Apple Bets on AI Wearables to Lock in iPhone Users
Apple is accelerating its development of three artificial intelligence (AI)-powered wearable devices: smart glasses, a pendant and AirPods, Bloomberg reported Tuesday (Feb. 17), citing unnamed sources...

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