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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Germany’s Deutsche Telekom plugs in as Polygon validator
The German telecommunications firm looks to leverage its infrastructure in Web3, plugging in as a network validator for Ethereum scaling protocol Polygon. One of Europe’s largest telecommunications companies uses its infrastructure to explore new revenue streams and boost network security as a validator for blockchain protocols.Germany’s Deutsche Telekom is set to become a validator for…

UK crypto ATM operator pleads guilty to fraud, money laundering charges
Olumide Osunkoy faces prosecution on multiple charges related to the operation of crypto ATMs across the UK. He could spend up to 26 years in jail if convicted of all charges.

How to Predict Crypto Price Trends, Explained
1. Analyzing the market is so confusing! How do traders know what to do? It’s all about knowing the right type of analysis to use — and when. If you’ve ever read our price analysis articles, you would have noticed that they feature graphs that show how major cryptocurrencies have performed against fiat currencies, such…

What role did crypto voters play in the 2024 US election?
According to Rep. Wiley Nickel, Democratic presidential candidate Kamala Harris could have made a “really big error” not courting voters in favor of crypto earlier.

Overstock-Funded Bankorus Has No Money or Staff, Says $1M Shareholder
The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left.In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for Bankorus had fallen through and that all its employees have resigned.Zhang: Bankorus “has run out of cash”As a contributor of more than…

Tether has 'redistributed' $108.8M USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.

Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000
Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000 before its price rebounded. Data from Cointelegraph Markets Pro and TradingView shows that…

NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares