Payward, the parent company of Kraken's crypto exchange, has applied for a national trust company charter with the Office of the Comptroller of the Currency, according to a statement. The application seeks to establish the Payward National Trust Company, or PNTC.
"PNTC expects to serve institutional clients and individual customers seeking regulated, bank-level custody and trust services for digital assets, leveraging Payward's existing infrastructure, risk management, compliance programs, and regulated affiliates to deliver services in a secure and compliant manner," β Payward said in a statement.
Payward's application for an OCC charter follows Coinbase, the largest U.S.-based crypto exchange, receiving a conditional approval for its own national trust company charter about a month ago. Ripple has also received a conditional approval.
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The milestone reconnects Syria to the global financial system after years of sanctions-driven isolation.
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NASA confirmed in a blog post that it had successfully tested two Mars-bound rotor systems, achieving never-before-seen rotational speeds. In the tests, which took place under simulated Mars conditions at the historic 25-Foot Space Simulator at NASAβs Jet Propulsion Laboratory (JPL), the rotor systems β one two-bladed and one three-bladed β reached rotor tip speeds of up to Mach 0.98 before additional headwinds pushed the blades to Mach 1.08, surpassing the Martian speed of sound for the first time.
The rotors reached up to 3,750 rpm. For comparison, that is roughly 10 times faster than the rotor speeds of many modern helicopters. These extreme speeds are necessary to generate enough lift in Marsβ ultra-thin atmosphere, which is only about 1% as dense as Earthβs.
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SoftBank Group Corp.βs mobile unit plans to expand into selling AI computing power and the manufacture of large-scale battery cells to address growing demand for AI-related hardware.
SoftBank Corp. will provide neocloud services and specialized infrastructure geared for AI training in Japan, Chief Executive Officer Junichi Miyakawa said. The company will also partner with South Koreaβs Cosmos Lab and DeltaX Co. to mass-produce batteries at its Sakai, Osaka plant from the fiscal year starting next April, he said.
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Cybercriminals recently used an AI model to create a zero-day vulnerability that could be used to exploit networks widely, Google announced. Google Threat Intelligence Group researchers detailed the development in a report released. Zero-day exploits are considered the most serious type of security flaw because they are not detected by security companies and have no known fixes.
The report noted that this was the first time Google had seen evidence of AI being used to develop these vulnerabilities β marking a major change in the cybersecurity landscape, as it suggests newer AI models could be used to create major exploits, not just find them. Google concluded that Anthropicβs Claude Mythos model β was most likely not used to create the zero-day exploit.
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Six solid gold arm rings, described as a βcompletely unique find,β have been uncovered in Northern Denmark. This discovery has left archaeologists astonished, as they have never encountered anything like it before, according to Torben Sarauw, an archaeologist and cultural heritage manager at the Museums of North Jutland.
Now known as the Rold Treasure, this collection ranks as the third-largest Viking Age gold discovery ever recorded in Denmark. It features six preserved artifacts from the late Viking Age, dating to the period CE 900-1000. The way these items were buried, intact, suggests that their deposit was not accidental. Though much mystery surrounds them, they have officially become the third most significant Viking Age gold hoard ever discovered in Denmark.
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Major institutions are gradually moving away from outdated payment infrastructure and adopting blockchain-based systems for more efficient cross-border transactions. According to the post, XRP and XLM were created with a shared objective: improving international payments by reducing costs, increasing speed, and making transfers more accessible.
XRP and RLUSD are now becoming integrated into that infrastructure, potentially positioning the network for increased blockchain-based settlement activity in the future.
XRP and XLM are two digital assets increasingly aligned with the direction institutional finance appears to be taking as tokenization and blockchain settlement continue to expand.
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The White House is inviting Tesla Inc.βs Elon Musk, Apple Inc.βs Tim Cook, Boeing Co.βs Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week.
Goldman Sachs Group Inc.βs David Solomon, Blackstone Inc.βs Stephen Schwarzman, BlackRock Inc.βs Larry Fink, Citigroup Inc.βs Jane Fraser and Meta Platforms Inc.βs Dina Powell McCormick are also on the list of those expected to join Trumpβs delegation for his summit with his Chinese counterpart Xi Jinping, a White House official said Monday.
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Ripple today announced the successful closing of a $200 million debt facility from funds managed by Neuberger Specialty Finance, the dedicated asset-based investment team within Neuberger, a global investment management firm. The facility will support the continued growth of Rippleβs multi-asset prime brokerage platform, Ripple Prime, amid rising client demand for institutional-grade prime services and margin financing solutions.
"This facility enables us to grow alongside our clients by delivering increased margin capacity, greater responsiveness, and improved capital efficiency. Neuberger Specialty Finance has deep expertise in asset-based finance and a strong understanding of our business model, and its support reflects the differentiated prime services platform we have built and the many growth opportunities available to us.β β said Noel Kimmel, President of Ripple Prime.
The facility enables Ripple Prime to draw up to $200 million, providing flexibility as client needs evolve. Proceeds will be used to extend financing to clients engaging in traditional and digital markets, increasing Ripple Primeβs lending capacity and enhancing its ability to serve new and existing institutional relationships.
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President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump. Trump told reporters at the White House that heβll seek to suspend the federal 18.4 cents a gallon tax on gasoline βuntil itβs appropriate,β though itβs unclear how much of the tax cut would reach consumers at the pump.
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Meta Platforms Inc. was sued by Santa Clara County, California, over allegations that the company βknowingly facilitates and profits from billions of scam advertisementsβ on its social networks, including Facebook and Instagram.
The complaint accuses the social networking giant of defrauding seniors and families with scam ads, which the company allegedly tracks. Meta makes approximately $7 billion in revenue each year from these kinds of ads, according to a statement from Tony LoPresti, the Santa Clara County counsel, who is bringing the lawsuit.
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At launch, Nitro Rewards will provide access to the base tier of Xbox Game Pass, which lets you play more than 50 PC and Xbox games, including Fallout 4, Stardew Valley, and Day Z. The tier also includes 10 hours of cloud gaming, which lets you stream games from a PC or Xbox to other devices.
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A Chinese team has developed a method of converting nitrate in wastewater into ammonia. Presently, agricultural and industrial wastewater runoff often contains large amounts of nitrate. This comes from things like used fertilizer, animal waste, chemical plant waste, and sewage treatment.
The core of the discovery is a new dual-atom catalyst (DAC). This differs from traditional catalysts that tend to use either single atom mateirals or nanoparticles. The team also used AI to help find the best atom pairs for the job. So, instead of running thousands of trial-and-error physical experiments, the AI helped them narrow down the best potentials to test, saving many hours of wasted time.
And this really paid off. According to the team, the catalyst is nearly three times more efficient than other similar catalysts. If true, that means it could produce much higher ammonia yields, conversion rates, and less waste.
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A Japanese university has launched a robotics laboratory where machines now conduct medical experiments previously performed by human researchers. The facility developed by the Institute of Science Tokyo operates with 10 robots, including the humanoid Maholo LabDroid, and no on-site human staff.
The university plans to expand the number of robots over time while combining automation systems with AI, with the long-term goal of automating nearly the entire medical research process.
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One of the countryβs largest solar manufacturers Jinko Solar Co. inked two deals at the end of April with partners in Nigeria β in a region where diesel prices have soared 40% since the start of the crisis β while auto manufacturers are hunting avenues to extend sales into locations including Europe, and energy storage firms are lifting overseas shipments.
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Japanβs Finance Minister Satsuki Katayama said her team is working well with US Treasury Secretary Scott Bessent in the area of foreign exchange policy, after the two met in Tokyo.
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At long last, Android and iPhone users will be able to send each other end-to-end encrypted text messages. On Monday, end-to-end encrypted messaging is starting to roll out in beta for conversations between iPhone and Android users running the most up-to-date software.
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Hi everyone π
π€ We had an amazing time connecting with everyone at our last Q&A sessions β and weβre excited to invite you to the next Q&A + Meet & Greet Call! π
β‘οΈ Firstly, you should pass the test and complete the course in β @QSITrainingBot.π£ Then you will get access to the channel. Here you will find a link to Q&A + Meet & Greet Call in Zoom.
We will answer not only beginner questions but also discuss lessons and takeaways youβve learned from studying Mini Proofs video #2 on BRICS.π¬
βοΈ This isnβt just a call β itβs your chance to actively participate, share ideas, and gain valuable insights. Make the most of it by showing up prepared and ready to contribute.
π How to prepare:
β«οΈ Watch the video #2 on BRICS in advance
β«οΈ Take notes and highlight key takeaways
β«οΈ Come ready with your questions
β‘οΈ Do your best, be active and get involved!
Donβt miss your chance to join our next call β this is a great opportunity to learn, engage, and be part of the conversation completely free of charge.π
π Thursday, May 14 @ 3pm CDT / 1am CET / 9am AEST π
Your involvement matters. Weβd love to see you there!π
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We will answer not only beginner questions but also discuss lessons and takeaways youβve learned from studying Mini Proofs video #2 on BRICS.
Donβt miss your chance to join our next call β this is a great opportunity to learn, engage, and be part of the conversation completely free of charge.
Your involvement matters. Weβd love to see you there!
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