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Circle has $1B+ in cash and had $779M in revenue in H1 2023, compared to $772M for all of 2022; USDC in circulation is down to ~$26B from ~$45B in January 2023 (Yueqi Yang/Bloomberg) 11-08-2023

Yueqi Yang / Bloomberg: Circle has $1B+ in cash and had $779M in revenue in H1 2023, compared to $772M for all of 2022; USDC in circulation is down to ~$26B from ~$45B in January 2023  —  – CEO expects payments, financial firms to push for stablecoins  — USD Coin market cap plunges this year while rival Tether gains Lees verder op Tech Meme

ION Group, which develops trading, analytics, and other software for financial markets, to buy Italian credit management company Prelios, sources say for €1.35B (Reuters) 11-08-2023

Reuters: ION Group, which develops trading, analytics, and other software for financial markets, to buy Italian credit management company Prelios, sources say for €1.35B  —  U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION Group … Lees verder op Tech Meme

At an Australian Parliament hearing, an X executive defended restoring an account that shared CSAM as an example of sharing “out of outrage to raise awareness” (Josh Taylor/The Guardian) 11-08-2023

Josh Taylor / The Guardian: At an Australian Parliament hearing, an X executive defended restoring an account that shared CSAM as an example of sharing “out of outrage to raise awareness”  —  At Australian parliamentary hearing, company points to content being shared ‘out of outrage to raise awareness of an issue’ Lees verder op Tech Meme