More than three years after acquiring Twitter, Elon Musk says he’s nearing his long-stated goal of turning it into an “everything app” with a new financial services tool that he pledged to launch for the public this month.

More than three years after acquiring Twitter, Elon Musk says he’s nearing his long-stated goal of turning it into an “everything app” with a new financial services tool that he pledged to launch for the public this month.

JPMorgan Chase & Co. and Citigroup Inc. have long competed for dominance in global payments, processing trillions of dollars worth of flows from corporates moving money across borders. That rivalry is now extending to new payment rails.

Decentralized finance platform Drift Protocol, the victim of an exploit earlier this month where hackers stole approximately $285 million of users’ cryptocurrency, plans to relaunch after securing around $150 million in funding from a consortium led by stablecoin issuer Tether Holdings SA.

Banning crypto firms from offering customers yield on stablecoins would not have a meaningful effect on community banks, White House economists said in a report on Wednesday — marking the latest development in a fierce conflict between the two industries that has stalled legislation in Congress.

Jack Dorsey is pitching artificial intelligence as a replacement for middle managers in his reimagined view of how technology companies should function, weeks after Block Inc. announced it was cutting nearly half its staff.

Jack Dorsey is pitching artificial intelligence as a replacement for middle managers in his reimagined view of how technology companies should function, weeks after Block Inc. announced it was cutting nearly half its staff.

Visa Inc., Mastercard Inc., PayPal Holdings Inc. and Stripe Inc. received letters from a Washington antitrust regulator warning the firms not to deny customers access to services based on their political or religious views.

Circle Internet Group Inc., the issuer of the USDC stablecoin, fell the most on record on Tuesday, with investors weighing potential changes to stablecoin regulation and competition in the sector.

Elon Musk’s xAI is sending engineers directly into the offices of prospective corporate clients in an attempt to claw business customers away from rivals OpenAI and Anthropic PBC.

Circle Internet Group Inc. and Stripe Inc. are racing to build payments systems for a world that doesn’t exist yet — one where autonomous AI agents transact millions of times a day, settling in stablecoins instead of swiping credit cards.

Circle Internet Group Inc. and Stripe Inc. are racing to build payments systems for a world that doesn’t exist yet — one where autonomous AI agents transact millions of times a day, settling in stablecoins instead of swiping credit cards.

The US’s top derivatives regulator plans to allow perpetual futures contracts for cryptocurrencies within weeks, bringing onshore a trading instrument that has until now existed almost entirely on offshore exchanges.

When Block Inc. laid off nearly half its staff this week, co-founder Jack Dorsey offered a seemingly simple explanation: artificial intelligence was allowing the company to do more with fewer employees.

The Office of the Comptroller of the Currency proposed rules that would restrict companies from launching branded stablecoins through white-label platforms and offering rewards tied to them, the agency’s first major attempt to implement the federal cryptocurrency law signed by President Donald Trump in July.

Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half, in a move the financial technology firm is describing as a bet on artificial intelligence changing the future of labor productivity.

Shares of Circle Internet Group Inc. jumped 35%, the most since its high-profile public debut last year, after the company said strong demand for its stablecoin bolstered profit and revenue during the fourth-quarter downturn in digital assets.

Stripe Inc., which helps businesses accept payments online, has reached a $159 billion valuation in an employee tender offer, co-founder and president John Collison said in an interview.

Stripe Inc., which helps businesses accept payments online, has reached a $159 billion valuation in an employee tender offer, co-founder and president John Collison said in an interview.

Stripe Inc.’s stablecoin arm Bridge received conditional approval from a US regulator to become a national trust bank, the latest in a string of firms getting the green light to offer banking services tied to digital assets.