New York sues Coinbase and Gemini
New York’s attorney general has sued Coinbase Financial Markets and Gemini Titan over their prediction markets. The state claims the products are unlicensed gambling operations.
Finextra ↗Trade Surveillance
Cab Payments accuses Helios of blocking takeover bid
Cab Payments says its largest shareholder, Helios, blocked a StoneX takeover bid to advance its own hostile takeover plans. The dispute highlights governance tensions around control of the payments firm and competing acquisition interests.
Finextra ↗FINTRAC tightens MSB presence expectations
The article discusses how FINTRAC is changing expectations for what counts as a meaningful presence for money services businesses registered in Canada. It suggests MSBs may face closer scrutiny over their Canadian operations and compliance footprint. This could affect registration, oversight, and ongoing AML obligations for firms serving the market.
Finextra ↗Coastal Bank builds stablecoin payment rails with Tempo
Coastal Bank is working with Tempo to create stablecoin-settled payment infrastructure for its fintech clients. The project combines institutional messaging with onchain settlement to speed up cross-border transfers and reduce intermediaries.
Finextra ↗Ripple plans post-quantum XRP Ledger readiness by 2028
Ripple has outlined a multi-phase roadmap to make the XRP Ledger ready for a post-quantum future by 2028. The plan focuses on updating the network’s cryptographic security before quantum computing becomes a practical threat.
Finextra ↗Nium, Coinbase team up on USDC settlement
Nium has partnered with Coinbase to enable USDC stablecoin payments across its cross-border payments platform. The move expands stablecoin settlement options for business-to-business international transfers.
Finextra ↗FCA picks second AI live testing cohort
The FCA has selected eight new firms, including Barclays, Experian, Lloyds Banking Group and UBS, for its second AI live testing cohort. The programme lets firms test AI applications in a supervised environment as regulators assess how the technology is used in financial services.
Finextra ↗Payments group urges revised stablecoin rules
The Payments Association has published a report analyzing stablecoin use cases in global financial infrastructure and assessing the UK’s competitive position. It argues for revised regulation to support adoption and competitiveness in payments.
Finextra ↗AI-Driven Cybercrime and Digital Predation
The article describes how malware-as-a-service, biometric hijacking, and AI-driven deception are reshaping cybercrime. It frames these tactics as part of a growing automated threat landscape with major financial impact.
Finextra ↗Lloyds launches digital homebuying service
Lloyds Banking Group has partnered with Connells and LMS to launch a fully digital homebuying service across England and Wales. The service is designed to cut waiting times and streamline the property purchase process.
Finextra ↗AI World
Unauthorized access claim hits Anthropic cyber tool
A report claims an unauthorized group gained access to Anthropic’s exclusive cyber tool, Mythos. Anthropic says it is investigating the allegation and has found no evidence its systems were impacted.
TechCrunch ↗SpaceX and Cursor Explore $60B Startup Option
SpaceX is reportedly working with Cursor and has an option to buy the startup for $60 billion. The deal could help both companies, but it also highlights that Cursor and xAI lack proprietary models competitive with Anthropic and OpenAI.
TechCrunch ↗NeoCognition raises $40M to build human-like AI agents
NeoCognition, an AI research startup founded by an Ohio State University researcher, has raised a $40 million seed round. The company says it is building agents that can learn like humans and become experts across different domains.
TechCrunch ↗Clarifai deletes OkCupid photos after FTC settlement
Clarifai deleted 3 million photos that OkCupid had provided to train facial recognition AI, according to a report. The action follows an FTC settlement tied to how the data was obtained and used.
TechCrunch ↗YouTube expands AI likeness detection for celebrities
YouTube is expanding its AI likeness detection technology to help celebrities and their representatives identify and remove deepfakes. The move broadens access to a tool aimed at protecting public figures from unauthorized AI-generated likeness use.
TechCrunch ↗Google Research unveils ReasoningBank for agents
Google Research introduced ReasoningBank, a system designed to help AI agents learn from past experience and improve their reasoning over time. The post frames it as a generative AI research advance focused on agent memory and adaptation.
Google Research ↗Meta logs employee activity to train AI
Meta says it has built an internal tool that converts employee mouse movements and button clicks into training data for its AI models. The report suggests the company is using workplace activity as a new source of model training data.
TechCrunch ↗Google unveils Simula for synthetic AI data
Google introduced Simula, a reasoning-first framework for generating controllable synthetic datasets across specialized AI domains. The approach is aimed at filling data gaps in areas like cybersecurity, legal reasoning, and healthcare where high-quality training data is scarce.
MarkTechPost ↗Apple succession faces major leadership challenges
The article discusses John Ternus as a likely future leader of Apple and the scale of responsibility that comes with running one of the world’s most powerful companies. It highlights the role’s immense influence as well as the operational, regulatory, and strategic baggage attached to it.
TechCrunch ↗OpenAI’s Images 2.0 Improves Text Generation
OpenAI’s new ChatGPT Images 2.0 model is being highlighted for its strong ability to generate text within images. The update underscores how quickly AI image-generation capabilities have advanced in recent years.
TechCrunch ↗