Parker, the corporate credit card and banking startup that emerged from Y Combinator’s Winter 2019 batch, filed for Chapter 7 bankruptcy on May 7, 2026. The company is widely reported to have shut down entirely. Chapter 7 is the nuclear option of bankruptcy filings. Unlike Chapter 11, which lets companies restructure and attempt a comeback,
Key Takeaways Antpool, F2pool, Foundry, and 4 others joined the Stratum V2 Working Group on May 7, 2026. Stratum V2 offers miners up to 7.4% higher profitability through lower latency and better fee capture. Braiins and Spiral founded the Working Group in 2022, now entering a new deployment phase in 2026. 7 Bitcoin Mining Pools
General Motors has reached a privacy-related settlement with a group of law enforcement agencies led by California Attorney General Rob Bonta. Back in 2024, The New York Times reported that automakers including GM were sharing information about their customers’ driving behavior with insurance companies, and that some customers were concerned that their insurance rates had
The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14. Summary Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup. Senators Lummis and Tillis publicly defended the deal,
The US court order freezing Hayden Davis’s crypto assets was dropped meaning he’s free to move $58M worth of USDC and millions of LIBRA. Source link
Kazakhstan just signed an agreement to build out a $1.9B data center complex, betting that its geographic position and energy resources can turn it into a serious player in the global compute race. There’s one problem: the country doesn’t currently have enough electricity to power what it already has. The deal, signed between Kazakhstan’s Ministry
Key Takeaways ECB President Lagarde called euro-denominated stablecoins a financial stability risk on May 8, 2026. Lagarde mentioned that USDC depegged to $0.877 during SVB’s 2023 collapse, exposing $3.3 billion in Circle reserves. The ECB’s Pontes project launches in September 2026 to anchor DLT settlement in central bank money. Lagarde Warns European Banks That Euro
AWS Rex adds runtime guardrails for agentic AI, but security leaders still need data-layer controls to satisfy compliance and audit demands. The post AWS Rex Is a Big Step for Agentic AI Security, But Not the Final Layer appeared first on TechRepublic. Source link
Early reports framed the incident as a 1inch exploit, but the protocol clarified that it was not compromised and no user funds were affected. TrustedVolumes, a liquidity provider on the Ethereum blockchain, lost about $5.9 million in funds to a hacker on Thursday. The attacker was able to exploit a vulnerability within the custom
North Korean hacker group Lazarus Group is up over $40M on the proceeds from last year’s Radiant Capital hack, and is trading ETH like a pro. Source link