Cognition AI, a startup backed by Peter Thiel’s Founders Fund, has launched Devin, an AI chatbot that can handle entire development projects from start to finish, including writing code, fixing bugs, and final execution.Devin is not the first AI-powered coding assistant, but it promises to be the smartest. Devin stands out from the rest because … Read more
Plus: Koho wants a licence to compete. Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using this form. In banking licence pursuit, Koho is chasing a “seat at the table” and real competition … Read more
The report blew economists’ expectations for job gains out of the water Unemployment rate remained at 3.7%, the 24th straight month below 4% America’s job market remains shockingly strong amid soaring interest rates By Tilly Armstrong Assistant Consumer Editor For Dailymail.Com Updated: 09:42 EST, 2 February 2024 The US economy added 353,000 jobs in January – … Read more
TeslaTSLA billionaire and X owner Elon Musk has a habit of causing wild swings for the bitcoin price and other major cryptocurrencies (with Musk lobbing a grenade into the crypto market earlier this month). Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price has … Read more
Stablecoins have emerged as a bridge between traditional finance and the decentralized world of cryptocurrencies. Among the latest entrants in this space is PYUSD, a product of the global online payments giant PayPal. Launched on 7 August 2023, PYUSD is the result of a strategic collaboration between PayPal and Paxos Trust Limited. This partnership signifies … Read more
getty PayPal’s branded stablecoin, which the payments company launched on Monday, is likely to be a trendsetter. Multiple payments, e-commerce companies and banks, including large traditional financial institutions, have expressed interest in using or issuing digital dollars with Paxos, the issuer of PayPal’s PYPL PYUSD, according to a source familiar with the negotiations. No names … Read more
PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform. PayPal USD is issued by Paxos Trust Company and backed by dollar deposits and similar cash holdings, the online payments giant said in a release. It comes as the cryptocurrency industry is … Read more
PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal USD (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based … Read more