Kraken parent Payward acquires Magic Labs’ wallet business

Alistair Berg | Digitalvision | Getty Images There have been some lofty claims made about cryptocurrency in the past, including that it will replace government-issued money, prove as groundbreaking as the smart phone and democratize the financial system. But most investors point to a fairly ordinary reason for holding the digital assets: to diversify their…

Shares of Billionbrains Garage Ventures, the parent company of Groww, rebounded 4% to Rs 213.50 on Friday after tumbling 5% in the previous session. The stock remained in focus this week after the company reported a 94.44% year-on-year jump in Q1FY27 net profit to Rs 735 crore, compared with Rs 378 crore in the corresponding…

Key insight: PayPal has added its PYUSD stablecoin to blockchain technology firm Polygon’s payment rail.  What’s at stake: An increasing number of banks and fintechs are expressing interest in stablecoins. Forward look: OpenUSD, a potentially large stablecoin with lots of bank support, is scheduled to launch later this year.  As banks plot their stablecoin strategies,…

Launching an artificial intelligence tool to take notes and summarize important information from a virtual meeting can be alluring. Seconds after one of the agents attends an hour-long video conference, it can deliver a recap of key points and outline a to-do list for all the participants. But the way popular AI notetakers accomplish those…

Good morning. The corporate strategy playbook is increasingly landing on the CFO’s desk. McKinsey recently held its 24th annual Global CFO Forum, an exclusive gathering that brought together about 100 finance chiefs from over 30 countries representing some of the world’s largest organizations. I spoke with Andy West, a senior partner at McKinsey and global…