Here’s why OpenAI’s $110B raise is a major headwind for crypto
[ad_1] The race for dominance in Artificial Intelligence (AI) is clearly accelerating. While the U.S and China have long competed to lead the sector, competition is now intensifying within U.S-based tech firms as well. The recent FUD surrounding Anthropic clearly illustrates this shift. In this climate, OpenAI’s $110 billion capital raise carries weight. It reinforces […]
NY Prosecutors Raise Alarm over GENIUS Act on Fraud: Report
[ad_1] Several New York district attorneys have reportedly warned about the US federal stablecoin law, the GENIUS Act, claiming it fails to adequately address fraud. According to a Monday CNN report, New York Attorney General Letitia James and four district attorneys signed onto a letter saying that the GENIUS Act will “provide legal cover” for […]
Blockchain Privacy Shouldn’t Automatically Raise Red Flags—SEC Chair
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto executives pushed the US Securities and Exchange Commission on Monday to reconsider its approach to blockchain privacy, arguing that not all users of these tools are criminals. The meeting, the SEC’s sixth crypto-focused roundtable this year, drew sharp exchanges between […]
Metaplanet’s $130 mln loan to raise Bitcoin raises eyebrows – This is why
[ad_1] Key Takeaways How a lot has Metaplanet borrowed thus far? The corporate has now borrowed $230 million out of its $500 million credit score facility. What backs these loans? All loans are secured by Metaplanet’s Bitcoin holdings, which at the moment stand at 30,823 BTC, value about $2.7 billion. At a time when Bitcoin […]