OpenAI may not turn a profit until 2029 despite rapid growth
Despite increasing revenue, OpenAI is expected to continue operating at a loss until 2029, as the cost of scaling advanced AI models remains steep.
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UAE regulators approve crypto trading in Dubai free zone
Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals. 3069 Total views 126 Total shares Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had…
Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’
Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today's rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in…
Bitzlato ex-CEO Legkodymov pleads guilty to one count in Brooklyn court
The Hong Kong-based crypto exchange had no KYC and was a major support for the darknet marketplace Hydra. Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, pleaded guilty to one count of operating an unlicensed money services business on Dec. 6. Legkodymov appeared in New York Eastern District Court in Brooklyn before Judge
3,000 New S17 Pro Antminers Start Operation at Riot’s Oklahoma Crypto Mine
Digital currency mining firm Riot Blockchain has begun deploying around 3,000 new units of S17 Pro Antminers as part of the full upgrade of its Oklahoma City mining facility.Per a Jan. 8 press release, Riot now operates nearly 3,000 more S17 Pro Antminers it purchased from Chinese mining giant Bitmain. The new mining machines are…
Coinbase to expand use of Vaults for secure crypto custody — Executive
Coinbase currently holds approximately $270 million in customer assets.
Bitcoin retreats toward $38K after Friday sparks losses for ‘nearly everything’ outside China
Bitcoin (BTC) fell into the May holiday weekend after late trading saw crypto losses echo "basically everything."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMacro keeps BTC firmly in its placeData from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $38,180 on Bitstamp to circle $38,600 on April 30. The pair had performed weakly during Friday, this nonetheless…
The Reasons Why Blockchain Is Not Quite Ready for Facebook’s Dreams
Many people have heard of blockchain technology, but few know what to make of it. Some people will tell you that it’s the next big thing, poised to disrupt almost every industry under the sun and reshape the world, affecting everything from real estate to education to the very structure of modern democracy. Others will…
DeFi and healthcare: A trillion-dollar opportunity for the taking
With today’s technological and medical advancements, quality, affordable healthcare should be a basic human right: healthcare for every single person, no matter their socioeconomic level or geographic location.The global size of the healthcare market was worth over a staggering $8.45 trillion in 2018 and continues to grow. With the onset of the COVID-19 pandemic, it’s…