OpenAI’s Altman appears to reject Musk’s $97.4B bid for control

Former Bank of China vice president says digital currencies can be a substitute for cash on circulation. 1517 Total views 11 Total shares The former vice president of China’s central bank pushed for central bank digital currencies positioning it as a substitute for cash in circulation.Wang Yongli, former vice president of Bank of China and…

The funds include $380 million for early stage investments and a $200 million "opportunity fund." 174 Total views 1 Total shares Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies.The funds will operate as Blockchain Capital’s sixth early

Hong Kong's securities regulator, the Securities and Futures Commission (SFC) has issued official guidance on security token offerings (STOs), in a statement published on March 28.The guidance aims to clarify the legal and regulatory requirements for parties engaging in STO-related activities. The document opens with a proposed working definition of a security token and sale,…

IOHK, the software company behind Cardano, announced on Feb. 14 a donation of $500,000 in Cardano (ADA) to support and develop the University of Wyoming’s (UW) Blockchain Research and Development Lab.Professor James Caldwell, Assistant Professor Mike Borowczak and Philip Schlump will co-direct the Advanced Blockchain Research and Development Lab.Professor Borowczak told Cointelegprah that IOHK’s donation…

Shortly after a Bloomberg report on Friday that cryptocurrency exchange Binance was under investigation for permitting US residents to place unlawful trades, Binance founder and CEO Changpeng Zhao (better known as CZ) dismissed the reports during a live AMA on Clubhouse, saying that the report had “no teeth.” “This is a topic that just came up,…

Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week.Cosmos TVL down from $10M to $155KATOM's price increased by over 10% intraday to almost $12. The gains appeared as…

Bank of China continues to strengthen fintech regulation, expanding pilot projects in six more cities and districts. 1419 Total views 34 Total shares Bank of China launched its first fintech innovation regulatory pilot project in Beijing last year. The bank announced plans to expand its regulatory pilot projects in six more cities and districts on…

Reports indicate that Micree Zhan obtained a significant victory as he led a team of guards into Bitmain’s Beijing office to establish himself as its legal representative. 876 Total views 35 Total shares The power struggle inside Bitmain appears to have greatly intensified between June 3 and 4, as reports circulated that Micree Zhan hired…

The Biden deepfake scam highlights the risks of emerging tech and the challenges to safeguard elections.