City Austin Financial News

30.09 / 05:03

MET Cooper Progressive country reports Jaishankar meets US Defence Secretary Austin and Commerce Secretary Raimondo; discusses bilateral, regional and global issues

Jaishankar has met US Defence Secretary Loyd Austin and held a productive conversation with him on deepening bilateral defence cooperation, including in the co-production of defence articles, and exchanged perspectives on a variety of security issues. He also met Commerce Secretary Gina Raimondo. After his meeting with Austin at the Pentagon on Friday, Jaishankar posted on X, «Productive conversation on our bilateral defence cooperation.

29.09 / 12:58

UPS Citi Target Tesla TSLA reports Analysts cut 3Q delivery estimates on Tesla

Shares of Tesla (NASDAQ:TSLA) are up in pre-market trading Friday despite estimates being cut by analysts from three different firms today.

12.09 / 00:09

business regulation DAO Bitcoin Regulation Crypto Companies Crypto companies form Texas blockchain group to advocate for clear regulations

A group of crypto and blockchain firms joined together to create a Texas crypto advocacy group, according to a Sept. 11 announcement. The group is called “Crypto Freedom Alliance of Texas,” and is founded by a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm. The group is promoting “the development of coherent and predictable regulations for digital assets in Texas.”

05.09 / 18:11

UPS Citi Provident Twitter AT&T Austin Police encourage robbery victims to dial 311 instead of 911 amid city's staffing woes

Texas, grapples with a concerning uptick in urban crime and crippling staffing shortages, the Austin Police Department has unveiled an unconventional approach to handling robbery incidents. In a stark departure from the norm, the department is urging victims of robberies near ATMs not to dial 911, the emergency hotline, but instead, to utilize the less urgent number, 311.

10.08 / 16:19

business Stablecoin regulation economy Reserve Stablecoins could be key to upholding US dollar’s global reserve status: WSJ op-ed

Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal.

31.07 / 11:19

Provident CEO Align performer Kingswood US hires experienced industry duo to enhance in-house capabilities

The U.S. division of Kingswood, a global network of independent wealth management firms managing more than $13 billion in client assets, has hired two industry veterans for leadership roles.

12.07 / 06:25

Reuters Amazon Microsoft NASDAQ Racing generative AI Generative AI comes to Nasdaq, winning over engineers

engineers and marketers at the stock exchange operator Nasdaq are embracing newer artificial intelligence, while its lawyers are treading more cautiously, its chief technology and chief information officer said on Tuesday. Inside Nasdaq, which also sells technology for global markets, workers across different departments are exploring how to use so-called generative AI, Brad Peterson said at the Reuters MOMENTUM conference in Austin. Like the viral chatbot, this technology can be prompted to produce text or other new content, based on past data.

12.07 / 04:35

COST UPS Amazon Google Racing Low generative AI Amazon banking on low-cost cloud computing to lead generative AI race

Amazon's cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on price, an executive said on Tuesday. The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services (AWS) is good at lowering, said Dilip Kumar, vice president overseeing its applications group. A potential boost is that the company, like Google, has proprietary chips for AI.

11.07 / 14:45

UPS Waves Reuters Software Enterprise BURST Sapphire Venture plans to invest over $1 billion in enterprise AI startups

Sapphire Venture plans to invest over $1 billion in AI enterprise startups, doubling down on the technology's adoption by companies across the world, its president Jai Das said at the Reuters Momentum conference in Austin on Tuesday. The $1 billion capital will come from Sapphire's exiting funds, which have $10 billion capital under management and about $3 billion capital waiting to the deployed.

10.07 / 10:27

UPS Citi Waves Booking CEO Metro Airbnb bookings dip in Austin, San Francisco prompting ‘doom loop’ fears

Reventure Consulting and Reventure App CEO Nicholas Gerli says the housing market is in a purgatorial state on Making Money.

04.07 / 20:09

UPS Citi Waters Manufacturing Parke independence day Independence Day celebrations in central Texas: How to hold spectacular fireworks displays? All details here

Central Texas residents are gearing up to celebrate Independence Day with dazzling displays of fireworks. However, before igniting those fuses, it's crucial to ensure compliance with local regulations in both cities and counties. Travis County permits fireworks in its unincorporated areas, but a 5,000-foot distance from city limits must be maintained.

30.05 / 14:39

Government Law regulation us government Bitcoin What the ‘anti-mining bill’ means for the crypto industry in Texas

In late April, over a hundred people gathered near the Texas Capitol building to protest.

04.05 / 13:59

Blockchain Ethereum Google MasterCard Consensus businesses regulatory Consensus 2023: Businesses show interest in Web3, despite US regulatory challenges

Consensus, the annual crypto and blockchain conference, attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition in Austin, Texas, despite recent regulatory struggles around cryptocurrency adoption in the United States.

27.04 / 23:51

regulation SEC coinbase security Coinbase execs respond to SEC's Wells notice in person and on video

Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus 2023 and appearing with CEO Brian Armstrong in a video released on YouTube.

25.04 / 21:21

Mining regulation rally Bitcoin advocates rally at Texas State Capitol to oppose bill cutting mining incentives

Roughly 100 people answered the call from the crypto advocacy groups Chamber of Digital Commerce, Satoshi Action Fund, and Texas Blockchain Council to show Texas lawmakers they were against legislation targeting crypto mining firms.

21.04 / 18:37

Blockchain Citi BLOCK Reuters XRP CEO Coindesk Here’s What to Expect from This Year’s Grit Daily House at Consensus Festival

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

31.03 / 08:55

Blockchain Adoption Trading Decentralization Here’s how the crypto industry is using artificial intelligence

The use of artificial intelligence (AI) in crypto, though still in its very infant stages, has shown prospects for growth. According to statistics, the blockchain AI market is projected to grow from $220.5 million in 2020 to $973.6 million in 2027 at a CAGR of 23.6% in the 2020-2027 period. Countless projects are trying to put AI at the forefront of their use cases.

20.08 / 01:43

Stablecoin Dollar Backed United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms.

08.07 / 16:53

Government Blockchain Court rights Web3 activists fight for reproductive rights with NFTs, DAOs and protests

Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade.

14.06 / 16:41

Stablecoin ETF Consensus Bitcoin Future Consensus 2022: Web3, unpacking regulations, and optimism for crypto’s future

“Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this year, attracting 17,000 people from across the globe, despite the 100-degree plus weather. According to the event sponsors, Consensus 2018, which was held at the Hilton Hotel in New York, had previously drawn in almost 9,000 attendees.

10.05 / 17:33

Blockchain UPS Digital Continental Bitcoin PICS: 3-Day Summit to Make Polynesia the Beating Heart of the Web3 and Blockchain Continent

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

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