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At the end of DraftKings’ fourth-quarter earnings call Friday (Feb. 14), Co-founder and CEO Jason Robins was asked whether the company would ever accept cryptocurrency payments.
“It’s certainly something we’re looking at,” he told analysts. “It’s also getting regulators comfortable with it. They’re usually cautious around crypto. There are only a handful of states open to it at the moment, but if...
TikTok has returned to the Apple and Google app stores after being removed amid the threat of a U.S. ban.
“The TikTok app is now available for download from the App Store and Google Play,” the company said in a Thursday (Feb. 13) press release. “Our U.S. users can download the latest version of our app and continue to create, discover and share what they love on TikTok.”
While the app has been...
Amid uncertainty around U.S. tariffs, Shein and Temu are reportedly working with their suppliers to move production out of China.
The eCommerce firms are doing so as the Trump administration considers the future of the de minimis exemption that allows packages worth less than $800 to enter the U.S. without a tariff, The Wall Street Journal reported Friday (Feb. 14).
After announcing that it would...
The regulations governing stablecoins — their issuance, the reserves backing them, even the use cases — remain in a state of flux. There’s no framework in place yet at the federal level, though legislation introduced earlier this month seeks to make some headway nationally.
It’s at the state level — in New York and California, for example — where frameworks, guidance and licensing efforts are...
As the battle for eCommerce dominance intensifies, Walmart is making strides in expanding its online presence. The retail giant has elevated its digital sales and profits, cementing eCommerce as a core element of its strategy. But despite these gains, Walmart still faces a daunting challenge: it remains a distant second to Amazon, whose overwhelming online sales continue to set the standard....
While real-time payment rails have experienced a more gradual rise in the United States than internationally, their adoption is quickly emerging as a top strategic move in 2025. Experts note a closing window for banks seeking a proactive instant payments strategy as rails such as the RTP® network log record — and growing — transactions. For banks looking to pursue an early mover’s advantage in...
The past five days of stock market trading have been whipsawed by the latest inflation report, speculation over whether or not the Fed will stand pat on interest rates, and of course, the continuing inflow of earnings reports, though the pace of those quarterly disclosures is slowing a bit.
But for the FinTech IPO Index, earnings were top of mind, and in a few notable instances, pushed stocks...
Younger generations are drawn to the rise of generative artificial intelligence (GenAI) technology. At the same time, excitement around voice assistants, once heralded as the next big thing, is cooling off.
Despite initially promising to change the way consumers interact with technology, voice assistants now face skepticism and declining usage across age groups.
According to a PYMNTS...
With regulatory clarity on the horizon, cryptocurrency is “now going mainstream,” Coinbase Co-Founder and CEO Brian Armstrong said Thursday (Feb. 13).
Speaking during the company’s quarterly earnings call, Armstrong said Coinbase aims to be the platform that helps companies that are new to crypto begin to integrate it into their operations.
“We like to say that on-chain is the new online,”...
Anthropic reportedly plans to launch within weeks a hybrid artificial intelligence (AI) model that includes reasoning capabilities.
The model aims to give developers more control over the cost of using an AI model by enabling them to control the amount of computational resources it spends on a problem, Seeking Alpha reported Thursday (Feb. 13), citing a paywalled article by The Information....