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SEC subpoenas PayPal over its USD-pegged stablecoin

Just three months after PayPal entered the fray to bring stablecoins to the masses, it’s attracting attention from U.S. regulators. The payments giant said Thursday that it had received a subpoena from the Securities and Exchange Commission related to its … Continue reading

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Revolut appoints new UK CEO as British banking license is still pending

Revolut, the fintech giant based in the U.K., has appointed a new CEO for its U.K. division. Francesca Carlesi will be in charge of Revolut’s division in its home country — Nik Storonsky remains the CEO of Revolut Ltd. It’s … Continue reading

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New Facebook Stories API helps creators share directly from third-party desktop or web apps

Meta is introducing a new API that makes it easier to create and share a Facebook Story directly from a third-party desktop or web app. The social networking ad titan first introduced Stories to the main Facebook app in 2017, … Continue reading

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Xage Security raises $20M more to expand its security platform

While the number of cybersecurity funding deals reached a high point in 2022, that doesn’t mean that the sector’s tapped out — far from it. According to Statista, there were 148 deals in Q2 2023 worth a combined $1.6 billion. … Continue reading

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A new generation of companies is moving on up in San Francisco

Ten years ago, Pear VC, then a tiny new venture firm, operated out of a nondescript office in Palo Alto that was enlivened by bright, computer-themed art. Last week, the outfit – which closed its largest fund to date in … Continue reading

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Flexport acquires technology of former digital freight unicorn Convoy

Supply chain logistics platform Flexport is acquiring the assets of shuttered digital freight network Convoy, according to a memo Flexport CEO Ryan Petersen sent to staff Wednesday. Flexport will restore Convoy’s trucking logistics services for customers in the coming weeks, … Continue reading

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Apple Music shuts down its Siri-only Voice Plan nearly two years later

Apple Music just shut down its cheapest option — the Voice Plan. The subscription, which launched in 2021 and cost $5 per month, featured a Siri-only experience; the only way to access Apple Music’s catalog is to request a song, … Continue reading

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The demise of Twitter Circles left a void that Instagram Close Friends can’t fill

When X’s Circles feature shut down this week, the app formerly known as Twitter turned its back on the best product it’s shipped since the Quote Tweet. Like an Instagram Close Friends story, Circles allowed users to post to an … Continue reading

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Ford snaps up EV power startup to boost its charging tech

Ford is buying and burying Auto Motive Power, or “AMP” for short. The secretive energy management startup once claimed to power “most of the world’s top electric OEMs,” though as far as we can tell it never disclosed its customers … Continue reading

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SBF’s prosecutors emphasize the case is not about crypto: ‘It’s about lies. It’s about stealing, greed.’

Assistant U.S. attorney Nicolas Roos stood in front of jurors from 10 a.m. ET until the court broke for lunch around 1 p.m., reiterating the prosecution’s case: Bankman-Fried lied. © 2023 TechCrunch. All rights reserved. For personal use only.

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