Darragh Buckley, Stripe's first employee, founded Increase Bank to address inefficiencies in the final stage of payment processing between software companies and traditional banking infrastructure. Instead of replacing existing payment rails like ACH and Fedwire, Increase Bank enhances them by providing richer data, continuous transaction visibility, and built-in compliance. This approach aims to improve payroll, embedded finance, and community banking by making banking operations more transparent and reliable for developers. Buckley believes owning a bank allows for better operational control and a software-driven approach to banking, improving the overall payment experience without dismantling existing systems.
Ethereum processes about 15 transactions per second, limited by its base layer. Rollups improve throughput by executing transactions off-chain and posting proofs back to Ethereum, maintaining security and decentralization. Optimistic rollups assume v...
Michael Burry, famed for his 'Big Short' trade, has taken a new short position against Palantir, estimating its intrinsic value below $1 despite the stock trading at $175.23. He highlights Palantir's high valuation at 69 times sales and growing off-b...
Seeing Machines Ltd reported a swing to profitability in the second half of its financial year, driven by record automotive production volumes and a 135% rise in royalty revenue. Adjusted EBITDA for the six months to June is expected between $10.7 mi...
Bitcoin is stabilizing around $65,200 with short-term holders selling at a slight loss, indicated by the 30-day Short-Term Holder SOPR near 0.997. Long positions in futures have reached a record 361,000 BTC, worth about $23.4 billion, suggesting high...
Bitcoin Knots claimed the Bitcoin network was under attack after the BIP-110 fork stalled at block 961,633, but XRP Ledger architect David Schwartz criticized this framing as misleading. The BIP-110 branch, which split from Bitcoin's main chain, has ...
