OpenAI raises an additional $6.6B at a $157B valuation

October 2, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

In February 2024, the artificial intelligence company was valued at approximately $80 billion and has grown considerably since that time.

Headquartered in Dubai, Bybit plans to leave Canada while exploring expansion into new markets like Kazakhstan. Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space.In a May 30 blog post, Bybit said it will not accept account opening…

UK government proposes additional safeguards against stablecoin failure risks

The Treasury wants to empower the Financial Market Infrastructure Special Administration Regime to oversee the safe return of customer funds in the event of a stablecoin collapse. 263 Total views 36 Total shares In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for…

‘Today is the big one: reciprocal tariffs‘ — President Trump

During the 18th and 19th centuries, trade tariffs funded up to 90% of the United States federal government’s annual budget.

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Gensler grilled as most ‘destructive’ SEC chair before congressional hearing

SEC Chair Gary Gensler has taken heat from lawmakers and members of his own agency during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.

How the SEC’s proposed token relief might impact crypto firms

Proposed token relief from the Securities and Exchange Commission does not mean a blanket pass for all projects, attorney Franco Jafré said.

PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking…

ICE’s Bakkt Announces Acquisition of Digital Asset Custody Company

Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt has аcquired a crypto custodian service, the firm announced on April 29.In a blog post, Bakkt announced a number of new measures in its apparent effort to stimulate regulatory feedback, including the acquisition of Digital Asset Custody Company (DACC).While DACC’s native support of 13 blockchains and 100+…

IRS doubles down on crypto staking taxes — Report

The US tax agency denied arguments from a second lawsuit brought by Joshua and Jessica Jarrett over staking rewards.

Axie Infinity sees ‘no signs of buyers’ as AXS price tumbles 30% in two weeks

Axie Infinity (AXS) price has fallen by nearly 30% two weeks after losing $625 million to a hacking incident involving its play-to-earn gaming platform's underlying blockchain, the Ronin Network.AXS/USD dropped to $46.69 on Monday, its lowest level since March 16, signaling a dampening buying sentiment among traders and investors following the hacking incident. Independent market…

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