Ripple has confirmed it has no plans to go public, choosing to stay private despite other crypto firms launching IPOs. The company raised $500 million at a $40 billion valuation to fund its global expansion and product development.
WeatherlyOpenAI has asked the US government to provide loan guarantees to help fund its trillion-dollar AI infrastructure plans. The company aims to lower borrowing costs and attract more investors while delaying profitability and an IPO.
AnaisMoon Ga-bi criticised an AI-generated video that falsely showed her son’s face using her personal photos without permission. She confirmed her son’s face has never been revealed and called for people to stop spreading fake images and videos.
AnaisThree Chinese men were jailed in Singapore for carrying out cyberattacks on gambling and SMS companies, earning US$3 million in cryptocurrency. They were hired by a Ni-Vanuatu citizen, used malware and hacking tools, and were caught during a police raid.
AnaisMastercard, Ripple, and Gemini are testing credit card payments using the stablecoin RLUSD on Ripple’s XRP Ledger. The pilot, involving WebBank, aims to settle transactions on a public blockchain and explore faster, more efficient payment options.
WeatherlySouth Korean regulators fined Upbit operator Dunamu ₩35.2 billion for failing to follow anti-money laundering and customer verification laws. Officials said the company recorded over eight million identification breaches, making it one of the country’s biggest penalties against a crypto firm.
WeatherlyMicrosoft tested hundreds of AI shopping agents in a simulated marketplace and found they struggle with decision-making, coordination, and security. The study showed many agents make poor choices when faced with many options and are vulnerable to manipulation, highlighting risks in unsupervised online commerce.
AnaisA U.S. court sentenced Samourai Wallet co-founder Keonne Rodriguez to five years in prison for running an unlicensed crypto mixing service. Prosecutors said the Bitcoin wallet helped launder at least $237 million through tools that hid transaction origins.
WeatherlyGoogle Finance now shows live data from US prediction markets Kalshi and Polymarket. This lets users track event probabilities alongside regular financial info, but regulatory questions remain.
AnaisCoinbase Europe was fined €21.5 million by the Central Bank of Ireland after its system failed to monitor over 30 million transactions worth more than €176 billion between 2021 and 2022. The errors, caused by coding mistakes, meant some potentially suspicious transactions linked to crime went unchecked, and Coinbase has since fixed the system and strengthened its controls.
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