OpenAI could lose $5B this year and run out of cash in 12 months: Report
The ChatGPT maker reportedly will spend some $7 billion on AI testing this year.
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President Biden says he would veto resolution countermanding SEC crypto rule
After the U.S. House of Representatives postponed proceedings on a resolution overturning an SEC policy affecting crypto, President Joe Biden said he would veto the measure.
BitFlyer Holds First Virtual Shareholders Meeting With Blockchain Voting App
BitFlyer Holdings held a general shareholders meeting by using a blockchain voting app which went “without any troubles.” 1319 Total views 48 Total shares BitFlyer Holdings, which runs one of Japan's largest cryptocurrency exchanges, held its general shareholders meeting Friday and, for the first time, used a blockchain voting app.In the “new normal” where social…
Why Binance, the World’s Biggest Crypto Exchange, Is Enthusiastic About Stablecoins
Binance has unveiled a series of new products and features relating to stablecoins — with the world’s largest cryptocurrency exchange describing these digital assets as “an efficient fiat gateway into crypto.”Stablecoins are often pegged with a fiat currency, meaning one unit can equate directly to 1 euro or $1. With new coins emerging all the…
BitPay CCO Predicts Altcoins to ‘Never Come Back,’ Bitcoin to ‘Rebound’ in 2019
The Chief Commercial Officer of global crypto payment processor BitPay said that altcoins “will never come back,” while Bitcoin (BTC) will “rebound” in 2019, in an interview with Bloomberg September 12.The CCO of BitPay Sonny Singh said that cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain…
Five Countries Where Crypto Regulation Changed the Most in 2019
One of the impediments to the adoption of blockchain and crypto technologies in the world are the regulations governing their introduction into the world of business. The constantly changing nature of the legal framework and the fear of being caught up in legal disputes with regulatory authorities, especially the tax ones, is forcing most small-…
How to regulate exchanges: Learn crypto from Biden’s SEC chair pick, part 2/3
This is the second in a three-part series based on Gary Gensler's extensive prior public statements on crypto. Here is part 1. A link to part 3 will appear here when it is published. Gary Gensler will likely become chairman for the U.S. Securities and Exchange Commission, or SEC, in the coming days. A professor at…
Price analysis 8/23: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH
Bitcoin (BTC) rallied above the psychological hurdle at $50,000 today for the first time since May 15. The sharp rally of the past few days has turned the sentiment bullish with many expecting the resumption of the bull run.Morgan Creek Digital co-founder Anthony Pompliano told CNBC on Monday that Bitcoin could make a blow-off top,…
SEC Will Rule on Wilson Phoenix Bitcoin ETF Proposal By Feb. 2020
The United States Securities and Exchange Commission (SEC) has earmarked a longer period for considering an updated Bitcoin (BTC) and U.S. T-Bills exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund.In a notice published on Dec. 20, the regulator indicated it would come to a decision on approval or disapproval of the fund by Feb. 26,…