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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FIFA launches NFT collection amid 2023 World Cup
FIFA NFTs, powered on Algorand, have totaled only $2.4 million in trading volume since their inception last September. Fédération Internationale de Football Association (FIFA), the international body governing international competitions of soccer, will launch its own nonfungible tokens (NFT) collection ahead of the 2023 Club World Cup in Saudi Arabia.According to the December 11 announcement
eBay acquires KnownOrigin, expanding its foray into NFTs and blockchain
The company enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. 187 Total views 3 Total shares eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles.According to a press…
More than a third of AMC online payments are crypto or digital: CEO
“Taken together, these various new payment options, impressively, recently represented about 35% of our total online payments,” said AMC Theatres CEO Adam Aron. 337 Total views 3 Total shares AMC Theatres CEO Adam Aron stated that crypto along with several other digital payment methods recently accounted for 35% of its online payments. The popular cinema…
Bitcoin is the ‘ultimate anti-lockdown investment,’ says Nigel Farage
The United Kingdom Tory Party's nemesis, Nigel Farage, has gone “full crypto.” On Nov. 27, Farage sat down for a video interview to discuss all things crypto with Sam Volkering, the editor of Southbank Investment Research, which is, notably, the publisher of Farage's recently launched investor newsletter "Fortune & Freedom." In the interview, Farage derided the government's…
Price analysis 8/2: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
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Visa launches tokenized asset platform for digital asset management
Visa announced its tokenized asset platform for issuing and managing digital assets, which includes stablecoins and CBDCs, to meet growing demand in the blockchain space.
China’s Inner Mongolia to shut down crypto mining farms by April 2021
Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals. 461 Total views 2 Total shares Authorities of the Chinese autonomous region of Inner Mongolia have proposed to close down all local cryptocurrency mining facilities to reduce energy consumption in the region.The Inner Mongolia National Development and Reform Commission, or NDRC,…
Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit
The SEC is suing the cryptocurrency exchange for alleged unregistered securities offerings. 1112 Total views 2 Total shares According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued…