Stablecoins offer sub-cent payments, Brian Armstrong says
Coinbase CEO Brian Armstrong has praised stablecoins for enabling instant global dollar transfers for under one cent, while critics have raised concerns about privacy and frozen funds. Summary Armstrong says stablecoins let users hold major currencies and send money globally for under one cent. Responses questioned public transaction visibility and centralized issuers’ ability to restrict…
Fox completes its $22B acquisition of Roku
Fox has completed its $22 billion acquisition of Roku, wrapping up one of the biggest media deals in recent years and giving the company a major boost in the streaming and connected TV space. Announced Friday, the deal brings the streaming company founded in 2002 formally under Fox’s ownership. Fox says the combined company now…
Strive Posts $509M Q3 Profit as Bitcoin Holdings Surge to $3.25 Billion
Key Takeaways Strive reported $509 million in Q3 net income, driven largely by $533.7 million in unrealized bitcoin gains, while operating revenue totaled just $2.7 million against $38.7 million in expenses. The firm’s bitcoin holdings surged to 43,124 BTC by Nov. 2, following aggressive purchases after the quarter ended, including a $511 million acquisition in…
Michael Saylor Posts “Feeling ₿ullish” 80 Minutes Before BTC USD Drops 5%: Does Strategy’s Chairman Have the Worst Timing on X?
Strategy chairman Michael Saylor posted “Feeling ₿ullish” on X at 13:08 UTC on Thursday, November 5, with BTC USD at $79,541, and within three hours Bitcoin had fallen to $75,826 as a Wall Street chip-stock crash hit crypto. Few posts have aged faster. The picture shows Saylor in a dark suit, standing in front of…
Anthropic’s AI Progress Nearly Doubles: What IT Buyers Should Know
METR finds faster Anthropic AI benchmark progress, but key evidence remains redacted. Learn what IT buyers should check before adopting new model releases. The post Anthropic’s AI Progress Nearly Doubles: What IT Buyers Should Know appeared first on TechRepublic. Source link
Bitcoin Price Goes Wild Again as US Jobs Report Smashes Expectations
Expectations prior to the release claimed that the monthly growth would be around 59,000 jobs. Bitcoin is on the move again after the release of the US jobs report for October, which was well above what experts anticipated. The reading, published minutes ago, noted that the US economy added 165,000 jobs in October, while…
OpenAI says its new GPT-6 Cyber has already uncovered ‘thousands’ of exploits
OpenAI has launched GPT-6, a cybersecurity AI model that delivers “major gains” on key cybersecurity benchmarks over its predecessor, GPT-5.6 Cyber. In an introductory blog post published on Thursday, OpenAI said that GPT-6 Cyber delivers a 51% improvement over GPT-5.6 Cyber on the ExploitGym cybersecurity benchmark. GPT-6 Cyber is “already helping to secure real-world software,…
Ukraine’s Central Bank Warns Crypto Bill Threatens Financial Stability
Key Takeaways The Ukrainian central bank criticized a crypto bill after discovering key compromises had been removed. The NBU warned that 5 years of licensing discretion could fuel monopolies and regulatory arbitrage. The bank urged lawmakers to revise bill to strengthen oversight and ensure fair competition. NBU Raises Concerns Over Legislative Transparency The National Bank…
Nigeria’s central bank sets ₦15B capital rule for stablecoins, bans algorithmic tokens
The Central Bank of Nigeria (CBN) has introduced new stablecoin licensing rules requiring foreign-currency issuers to maintain at least ₦15 billion in capital while prohibiting algorithmic stablecoins across the country. Summary Nigeria requires foreign-currency stablecoin issuers to maintain ₦15 billion in capital under new licensing rules. Naira-backed stablecoin issuers must hold ₦10 billion, while other…
Binance and Polymarket Propose Polygon Hard Fork To Recover About $6,500,000 in Hacked Crypto
Crypto exchange giant Binance and prediction markets platform Polymarket want the Polygon (POL) network to move about 70 million tokens out of the hands of the hackers who stole them late last month. The two firms have filed a Polygon Improvement Proposal for a one-time hard fork that would set the POL balances in five…
