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AI & Enterprise
Anthropic wins BB+ rating from KBRA, nears investment-grade threshold
Anthropic received a BB+ credit rating from global ratings agency Kroll Bond Rating Agency, one notch below investment grade, the Financial Times reported on Oct. 17. KBRA assigned the issuer rating in June, based on limited financial information provided by the company, with key metrics such as free cash flow and EBITDA not included. Anthropic later secured $35 billion in chip financing led by Apollo, the report said.
Crypto
Deutsche Bank prepares crypto custody launch in Germany, weighs Asia expansion
Deutsche Bank is preparing to launch a cryptocurrency custody service in Germany and is considering expanding the business to Asian financial hubs in 2027. The bank plans to broaden its custody operations in line with growth in the digital asset economy. Corporate Bank co-head Gerald Podobnik cited rapid expansion in digital assets, with hundreds of billions of dollars tied up in stablecoins, as a key driver.
Crypto
Stablecoin remittance costs 84 percent lower than traditional transfers
A study found that stablecoin-based remittances cost about 84 percent less than traditional overseas transfers. Borderless reported that sending $200 cost $2 via stablecoin networks, versus $12.72 through conventional channels. The comparison used Borderless’ 2026 third-quarter pricing and World Bank data for the same period in 2025. Costs were also lower in Sub-Saharan Africa and Latin America. Stablecoin payments settled within minutes via local networks, while SWIFT typically settled the next business day.
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AI & Enterprise
Why Steve Jobs and IBM's alliance of the century fell apart at the last minute
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Finance
Major financial firms move to block access by personal AI agents, citing deposit flight risk
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AI & Enterprise
Nvidia unveils Nemotron 3.5 open models for AI agents, targeting server to edge
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AI & Enterprise
AI bottleneck is memory, not demand, Dell CEO says, with outlook to worsen next year
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Mobility
Tesla Roadster can self-recharge compressed air, recharge time undisclosed
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Crypto
Coinbase, Marqeta to support stablecoin payment cards
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Crypto
Visa Direct commercialises USDC prefunding service, first partner is Innyo Global
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Crypto
Circle discloses first-half revenue structure, $819 million spent on partners and transaction costs
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AI & Enterprise
Jev becomes fastest-spreading AI model on Vercel developer cloud
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AI & Enterprise
Tech Insight: AI agent 'wallet wars' shift from virtual cards to agent tokens
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Crypto
Ledger calls hardware wallet tampering case organised crime targeting distribution chain
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Fintech
Japan's three megabanks complete test of jointly issued stablecoin for international payments
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Crypto
XRP faces first test at 200-day moving average; 3.20 dollars if 2023 gains applied
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Crypto
Bitcoin tests reclaiming 20-month moving average, CryptoQuant says it is prelude to new high
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Telecommunications & Media
Eutelsat shares jump amid controversy over limits on Ukraine military communications