Stripe mounts blockbuster $53 billion bid to buy PayPal
Payments giant Stripe offered to buy PayPal (PYPL) in a deal worth $53 billion, the Financial Times reported on Wednesday.
What's On
Don't panic - five ways to stop your kids' endless scrolling
If you're a parent, you may have breathed a sigh of relief - or perhaps frustration - at the UK government's plans to implement an overnight social media curfew for 16 and 17-year-olds.
Don't panic - five ways to stop your kids' endless scrolling
If you're a parent, you may have breathed a sigh of relief - or perhaps frustration - at the UK government's plans to implement an overnight social media curfew for 16 and 17-year-olds.
Coinbase Says AI Now Assists Nearly All of Its Code Development
Coinbase’s Head of Platform, Rob Witoff, said 95% to 100% of the company’s code is now written by or with the assistance of AI, up from about 40% in February, according to a Cointelegraph interview. He said nearly all e…
South Korea to bring digital assets under new state asset management system
South Korea’s Economy Ministry plans to include digital assets and intellectual property under the country’s new state-asset management framework.
Czech Republic tells ISPs to block Polymarket after gambling blacklisting
The Czech Finance Ministry added Polymarket to its blacklist of unauthorized online gambling websites, requiring internet providers to block access within 15 days.
Bitcoin nears $65,000 as cooling U.S. inflation guts the Fed rate-hike trade
Bitcoin climbed to near $64,800 on Wednesday, its best session in weeks, after U.S. inflation cooled by more than economists expected and traders abandoned bets that the Federal Reserve would raise rates this month.
Visa, Mastercard and Ripple back x402 as agent payments average 32 cents
Every major card network has signed on to a payment standard built so that software can pay software without a human involved.
Kalshi says CFTC, Michigan orders leave it in ‘impossible position’
“We are disappointed by this decision and believe it is unfair to Kalshi,” the company’s legal counsel said on X.
China economic growth falls sharply, missing target
China's economic growth slowed sharply between the start of April and end of June as weak domestic demand and the Iran war's impact on oil prices overshadowed the country's strong exports.
I changed jobs 10 times in 10 years to get the career I wanted
Brittany Harris-Nelson describes her career journey so far as being like "a frog moving across lily pads".
US freezes $131M in Iran-linked crypto as Middle East tensions rise
“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” US Treasury Secretary Scott Bessent said Tuesday.
Buy Now Pay Later rules to bring refunds and rejections
Shoppers using Buy Now Pay Later (BNPL) services have stronger rights but some will be refused loans, as new rules come into effect.
Three US senators oppose CLARITY Act on ethics grounds with vote expected soon
Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear whether it has enough Democratic support to pass.
Midnight social media curfew proposed for older UK teens
Older teenagers in the UK will face an overnight social media curfew, the government has announced - though they will be able to opt out of it by changing their account settings.
Xbox workers stunned after jobs 'bloodbath'
That was how game developer Morgan Goin felt when she found out she was being laid off from her job at Xbox-owned ZeniMax Online Studios (ZOS) last week.
Bitmine generated $46M from Ethereum staking last quarter
Ethereum staking generated 98% of Bitmine’s revenue last quarter as the company’s pivot from Bitcoin mining gained momentum following its March validator launch.
Velocity raises $38M to build stablecoin treasury infrastructure for enterprises
Backed by Dragonfly, FirstMark and Coinbase Ventures, the startup is expanding software that helps businesses integrate stablecoins into treasury and payment workflows.
Heating oil customers to get compensation after price hikes
Heating oil customers who had their orders cancelled and prices raised when the US-Israel war with Iran broke out will get compensation, the competition watchdog has said.
Midnight social media curfew proposed for older UK teens
Older teenagers in the UK will face an overnight social media curfew, the government has announced - though they will be able to opt out of it by changing their account settings.
Over 95% of Coinbase’s code is now written with help of AI
Coinbase’s Rob Witoff said the company is leaning more on AI to help with execution, but still needs high-agency humans for judgment and strategy.
Trump scraps threat of 20% fee on Hormuz cargo as US resumes blockade of Iran ports
President Donald Trump has reversed his threat of a 20% fee on all Strait of Hormuz cargo shipping, as the US battles to break Iran's hold on the waterway.
US, UK treasuries to align transatlantic rules on tokenization and stablecoins
The US Department of the Treasury and HM Treasury released a set of recommendations as part of the Transatlantic Taskforce for the Markets of the Future, which included stablecoin activity and tokenized finance.
U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court
The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it canc…