AI 'Arms Race' Starting Up in RIA Sector

Amazon (AMZN -1.72%) holds the record for the biggest spender in 2026’s AI arms race. It’s planning to spend $220 billion in capital expenditures this year, up from its initial $200 billion projection. And on its Q2 earnings call, Amazon cited one component as the driver of increasing its projection by $20 billion: memory. There…

San Francisco-based crypto asset manager Bitwise Asset Management has trimmed roughly 14 percent of its global staff, bringing its headcount down from approximately 180 employees to around 155. The company confirmed the reduction in an emailed statement, noting that the changes took place during an extended period of soft digital asset prices. The firm, which…

The US Securities and Exchange Commission is preparing to take “responsibility” of the Consolidated Audit Trail, the massive database of trade information used to identify bad actors in US financial markets. On Monday last week, SEC chairman Paul Atkins laid out his plans for the Cat’s future in a letter to Robert Walley, the chair…

As banks and investment firms move more operations into cloud-based identity platforms, collaboration suites and SaaS ecosystems, attackers are no longer trying to breach the network. They’re logging in. A campaign update shared Thursday (Aug. 6) by Google’s Threat Intelligence Group showed attackers from the threat actor group UNC6671 had initiated a cyber infiltration campaign…

Digital Transactions News staff August 26, 2026 Acquiring, Automated Clearing House, Digital Currency, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Point-of-sale, Transaction Processing Miracle Pay, a provider of payments technology for merchants, said it will work with zerohash, a provider of cryptocurrency technology, to enable stablecoin acceptance at…