Genius Group, a company that operates a bitcoin and artificial intelligence (AI) dual treasury strategy alongside its core education business, plans to acquire $827 million in bitcoin treasury and $800 million in AI treasury by its fiscal year 2031, the firm said in a Thursday...
The Office of the Comptroller of the Currency (OCC) issued two revised policies and procedures manuals and proposed amendments to Violations of Laws and Regulations framework Thursday (Aug. 27), saying in a press release that these moves will focus supervisory attention on the most significant risks and violations....
Tokenized deposits are more likely than stablecoins to perform the role of money, Bank for International Settlements General Manager Pablo Hernández de Cos said Friday (Aug. 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Interoperability is what the financial space has touted as a prerequisite for stablecoins to reach commercial scale. But, at the same time, the banks, card networks, stablecoin issuers, blockchain operators and infrastructure providers all building that interoperability are each simultaneously competing to control the layer...
Faster payments leave businesses with less time to discover whether the account at the other end belongs to the wrong person, contains bad information or may be connected to fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
While spending on artificial intelligence infrastructure is expected to drive a 14.2% increase in global IT spending this year, not all enterprises are raising their spending that much, the Wall Street Journal reported Friday (Aug. 28), citing a forecast by Gartner. Get the Full Story...
Cash has not disappeared the way many predicted. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...
Andreessen Horowitz has raised $1.1 billion for a new fund that aims to accelerate the buildout of artificial intelligence infrastructure by investing in founders who are “reinventing AI hardware,” the venture capital firm said in a Friday (Aug. 28) blog post. Get the Full Story...
USD.AI has secured a $100 million stablecoin-based debt facility from digital asset platform Bullish to power its GPU financing ecosystem, USD.AI said in a Friday (Aug. 28) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
