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Kraken owner to pay $600m for stablecoin infrastructure firm Reap

May 7th 2026

The parent company of crypto exchange Kraken has agreed its second major acquisition in a matter of weeks, striking a $600 million deal to acquire stablecoin-native, card issuing and payments infrastructure platform Reap Technologies.

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Citing AI, Coinbase axes 14% of workforce

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Tetra launches first regulated Canadian dollar stablecoin

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Anthropic forms AI joint venture with Blackstone and Goldman Sachs

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Growth slows for UK challenger banks

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FIS teams with Anthropic to develop Financial Crimes AI Agent

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Citi introduces platform for AI agent rollout

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RBC and BMO in talks to sell Moneris to Verifone owner – FT

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Trump-linked World Liberty Financial sues crypto billionaire Justin Sun for defamation

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Fun raises $72m for crypto onramping platform

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SBI Holdings in talks to buy stake in Bitbank crypto exchange

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OBL tops SDG in Open Banking Future Entity assessment

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Santander UK takes over TSB for £3 billion

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AdvisoryAI and Aveni joint winners at the PIMFA WealthTech, Morningstar and Finextra AI Tech Sprint

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Lloyds launches internal AI agent platform Envoy

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Allica introduces fully-automated agentic AI loan decisions in minutes

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CaixaBank AI agent to be first port of call for customer interactions

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EPI bids to reduce dependence on US cloud providers

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CommBank builds AI agent that spots fraud and helps build defences

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PayPal reorganisation gives Venmo its own business unit

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Investing.com buys Stonki to turbocharge entry into agentic AI era

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