paypal PayPal Expands Crypto Capabilities With Acquisition of Security Startup Curv PayPal acquires digital asset security firm Curv to bolster its cryptocurrency team and prepare for new crypto product launches across its platforms. The reported deal value ranges between $200 and $300 million.
apple Apple and Google Remove Banned Apps From Indian App Stores Tech giants Apple and Google comply with a government order by blocking dozens of Chinese apps from their stores in India. Meanwhile, Palantir raises nearly a billion dollars and Venmo tests new features for small businesses.
venmo Venmo Tests Business Profiles to Attract Local Sellers and Side Hustles Venmo launches a pilot program for Business Profiles, allowing small sellers to separate personal and business transactions while gaining visibility in the app's social feed.
facebook Major iOS Apps Crash Due to Widespread Facebook SDK Glitch A sudden bug in Facebook's iOS software development kit causes massive crashing across popular apps like Spotify, TikTok, and Venmo. The social network resolves the issue quickly, highlighting its deep integration into the mobile app ecosystem.
clearview ai Major Tech Platforms Demand Halt to Controversial Facial Recognition App Google, YouTube, Venmo, and LinkedIn send cease-and-desist letters to Clearview AI, demanding the company stop scraping user images for its law enforcement facial recognition tool.
facebook Facebook and Venmo Send Cease-and-Desist Letters to Clearview AI Facebook and Venmo are demanding that facial recognition startup Clearview AI stop scraping user photos from their platforms. The controversial company plans to fight back by claiming a First Amendment right to publicly available information.
paypal PayPal Buys Honey for $4 Billion to Expand Shopping Reach PayPal acquires deal-finding platform Honey for $4 billion to move earlier into the customer shopping journey. The deal allows PayPal to integrate price tracking and rewards directly into its existing services.
venmo Venmo Introduces Fee-Based Instant Transfers Direct to Bank Accounts Venmo now allows users to send funds directly to their bank accounts within minutes for a 1% fee. The update provides a faster alternative to the standard one-to-three day transfer process.