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Search results for Sept. 30

Finance

KakaoBank overseas remittances top 5 million, expands fee waivers

KakaoBank said cumulative usage of its overseas remittance send-and-receive service has surpassed 5 million transactions. The online bank said it will waive basic fees charged when transferring from a foreign-currency account to an overseas account through Dec. 31. It also said it will extend the fee waiver period for receiving overseas account transfers through Sept. 30, 2027. KakaoBank launched its overseas remittance service in July 2017.

Industry

Google Nebraska data centre figures exposed, including water use

Figures for water and power use at Google’s Nebraska data centres, which the company requested be treated as trade secrets, were exposed after flawed redaction in an annual report. Copying and pasting blacked-out text revealed key numbers, including maximum power demand, annual water consumption and expected tax refunds. The report also stated the facilities used or planned to use certain tax exemptions but did not receive incentives under another state law.

Crypto

Strive buys another 2,000 bitcoin, closing in on second-largest public holder

Asset manager Strive has bought an additional 2,000 bitcoin, accelerating its push toward becoming the second-largest bitcoin holder among listed companies. It spent $169 million on the purchase, its third-largest bitcoin buy. The disclosure lifted Strive’s cumulative holdings to 29,462 BTC, ranking it fifth as of Oct. 5. Strategy remains far ahead with 848,000 BTC, while Twenty One, Metaplanet and MARA are also ahead. Strategy’s buying pace has slowed as it prioritises preferred share buybacks.