In brief Amazon announced up to $25 billion in new investment in AI startup Anthropic, with $5 billion committed immediately. Anthropic commits to spending $100 billion on AWS infrastructure over the next 10 years. The AI company secured 5 gigawatts of computing capacity on Amazon’s custom Trainium chips. Amazon.com announced an expanded partnership with AI…
In brief DoorDash will use Tempo, Stripe’s payments and stablecoin-focused blockchain, to pay workers and merchants in 40+ countries. The firm believes stablecoins can reduce payment settlement times and fees for foreign currency spreads and intermediaries. Shares of DASH are down around 2% on Tuesday following the announcement. Publicly traded food, grocery, and retail delivery…
A group of European financial companies and industry bodies have urged European Union officials and lawmakers to fast-track changes to blockchain rules, warning the region risks falling behind the US in tokenized finance. In a joint letter on Tuesday, 39 signatories, including Nasdaq and Boerse Stuttgart, called on the European Commission and Parliament to carve…
A man posing as a delivery driver allegedly tried to extort a crypto investor at gunpoint in a suburb of Montpellier, in what local media describe as the first reported crypto-motivated home invasion in France’s Hérault region. According to French outlet Actu.fr, the suspect gained access to the family home in Saint-Jean-de-Védas on April 11,…
Poland’s parliament, the Sejm, has yet to pass a domestic enabling act for the EU’s regulations on cryptocurrencies. The parliament has again failed to override a presidential veto on a key crypto regulation bill. President Karol Nawrocki defended his veto, citing concerns over excessive regulation that could harm small businesses. Opponents state that the lack…
Cryptocurrency offerings are starting to influence how European investors are choosing their bank providers, but regulatory uncertainty continues to hinder mainstream adoption, according to a new survey. A Börse Stuttgart Digital survey released Tuesday found that 35% of European investors would consider switching banks if another institution offered better cryptocurrency investment options, suggesting crypto is…
The United Kingdom is revisiting its payments rulebook to support the adoption of new fintech and payment technologies such as stablecoins and tokenization. In a Tuesday announcement, HM Treasury and Economic Secretary to the Treasury Lucy Rigby said the government will consult on reforms for payment services and electronic money rules. The Treasury said the…
Banks are moving onchain through competing models that take different approaches to how financial rules are enforced. On the one hand are blockchain-native builders like Matter Labs co-founder Alex Gluchowski, who argue that financial systems require rules to be enforced across all participants. On the other are institution-led networks like Canton, which prioritize privacy, control…
In brief OP Labs debuted a privacy offering that it says is expected to expand to additional blockchains in the coming weeks. The technology, dubbed Privacy Boost, supports self-custody while enabling enterprises to build auditable environments that work with Know Your Customer rules. The hope is that enterprises use the technology to build real-world applications,…
In brief Cash App launched managed accounts for children ages 6-12, offering 3.25% interest on savings. Parents control all account activity and can approve transfers from up to five trusted contacts. The accounts include no Bitcoin access, but BTC is an option for sponsored accounts for teenagers. Cash App launched managed accounts for children ages…