OpenAI to expand ‘capped for-profit’ status to woo whale investors — report
The change comes amid reports the firm plans to hold an investment round at a valuation of more than $100 billion.
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DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
On Dec. 2, the United States dollar index (DXY), an index that measures the dollar's strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months. To recap, the U.S. dollar's weight against the basket of top foreign currencies grew by 19.6% in 2022 until late September as…
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Customs Agents Seize Crypto Mining Units Smuggled Out of Mongolia
The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia.Crypto mining equipment confiscatedOn Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle the mining devices with fans and connected microcircuits across the Russia-Mongolia border into Russian territory.The custom services explained that the…
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Exclusive: Microsoft Registers Blockchain and AI Platform for Agriculture in Brazil
Microsoft has registered a suite of applications in Brazil that are designed to improve efficiency in the agriculture sector, according to an exclusive report by Cointelegraph Brazil on June 6.The technology, known as FarmBeats, uses blockchain, drones, IoT, artificial intelligence and big data to improve productivity. It has already been rolled out on farms in the United States, India, New Zealand and Kenya, achieving…
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Tether Calls Market Manipulation Allegations ‘Reckless and False’
Once again, Tether has ridiculed and dismissed allegations that it used its USDT stablecoin for manipulating Bitcoin’s (BTC) price.In a statement sent to Cointelegraph on Feb. 28, iFinex, the firm behind Tether, states that the claims in the market manipulation lawsuit against the firm are “reckless and false.” The statement reads:“The allegations in the complaint…
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Institutional investors shorting Bitcoin made up 80% of weekly inflows
Digital asset product inflows were dominated by the $51.4 million posted by short BTC funds last week, with ETH products generating the next highest figure at just $4.9 million. Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week. According to…
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Bitcoin bulls in City Hall: Meet America’s crypto mayors
As 2021 comes to a close, Bitcoin (BTC) has had a tumultuous ride this year, with wild price swings that have seen the pioneer cryptocurrency hit all-time highs only to retrace to lower prices — including a 50% drop that shook the market. Now, Bitcoin is once again back and stronger than ever, even recently…
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Authorities shut off electricity to Bitcoin miners in China’s Yunnan province
Local media reports indicate electricity producers in Yunnan, China’s fourth-largest province by Bitcoin hash rate, have been ordered not to provide power to crypto mines. Local sources report that authorities from the city of Baoshan in the Chinese province of Yunnan are escalating efforts to crack down on Bitcoin miners, ordering electricity producers to cease…
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Uniswap acquires NFT marketplace aggregator Genie to further ‘universal ownership’ goals
Decentralized exchange Uniswap to add additional NFT functionality to its platform following the acquisition. 154 Total views 26 Total shares Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform.Uniswap is now…