OpenAI launches new super-efficient, low-latency ‘GPT-4o mini’
The new model purportedly offers comparable performance at a fraction of the cost.
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Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders
The South Korean initial coin offering project Contents Protocol will return 26,877 Ether (ETH) ($7.5 million at press time) to holders of its CPT token. Both legal obstacles and business challenges were cited as reasons for the shutdown.The details are visible on the project’s modified homepage, first recorded on Feb. 19. Its public ICO ended…
SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting
The Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for rigorous compliance with federal securities laws.
Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive’ says Zuck
Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call but Zuckerberg remains optimistic about future profitability from the metaverse. 369 Total views 4 Total shares Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses.The Reality…
Barrels of Oil May Be Paid for Using Crypto One Day, Head of Russian Energy Giant Says
The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future, according to a report by Snob.ru on June 6.Igor Sechin said the industry’s acceptance and awareness of digital assets is beginning to rise as Silicon Valley tech giants including Google, Amazon and Apple begin…
Former KFC Employee Built a Crypto Drug Empire, Lost It All Today
The Leicester Crown Court ordered the seizure of over £1.8 million ($2.29 million) on June 8 from a UK individual who operated a multi-billion crypto drug empire from the attic of his home.According to the Harborough Mail, Paul Johnson, 32, a former KFC employee, ran a darknet marketplace from his semi-detached house in Leicestershire. Johnson…
How can Bitcoin hold $28K amid the banking crisis?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin’s $28,000 support has a chance amid the recent banking crisis. 588 Total views 1 Total shares Own this piece of history Collect this article as an NFTIn today’s Market Report episode, analyst and writer Marcel Pechman discusses whether Bitcoin’s (BTC) $28,000…
Futures-based Bitcoin ETF has ‘75% chance of approval’ in October — analyst
As the SEC "kicks the can" on traditional Bitcoin ETFs, the Bitcoin futures equivalent is gearing up for likely approval, says Bloomberg's Eric Balchunas. 332 Total views 4 Total shares A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form.In comments this weekend, Eric Balchunas, senior…
Opinion: The Inter-Blockchain Communication Protocol will end ecosystem maximalism
When I entered crypto, I succumbed to the contest between blockchain ecosystems, believing one had to be “better” than others. I have since realized the future of cryptocurrency is bringing with it a variety of platforms that will excel at different things. With the Inter-Blockchain Communication Protocol (IBC), I’ve left behind the days of thinking…