Kraken’s Ink Blockchain Plans Token Launch and Airdrops
The Ink Foundation, an L2 blockchain from Kraken, is set to launch INK, a new token project. INK will power the firm’s DeFi ecosystem, providing governance roles and building on-chain capital market...
Elon Musk’s xAI Expects to Spend $13 Billion in 2025
Elon Musk’s artificial intelligence (AI) startup, xAI, reportedly expects to spend $13 billion this year while bringing in revenues of $500 million.
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The company shared thi...
Lawmakers Zero In on Check Fraud Crisis
Regulators and lawmakers are taking a fresh look at payments fraud, and as a result, federal action may be brought to bear on the growing challenge of check fraud.
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On Monday...
US Senate approves landmark GENIUS Act for stablecoin regulation
The Senate approved the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in a 51-23 vote on June 17, sending the measure to the House for consideration.
The vote followed a...
Fossil fuels are an insurance disaster
Heatwaves, mold, and plastic pollution pose new risks to businesses and insurance companies, a new report by reinsur...