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Crypto Lender Genesis Begins Legal Battle With Gemini Over $689M Withdrawn During Insolvency
Embattled crypto lender Genesis Global Capital has begun a legal battle with its former business partner, Gemini Exchange. In a newly filed court document, the platform is suing Gemini for making withdrawals well over $689 million during its fight for... -
Sam Altman Back as OpenAI CEO amid Board Restructuring
There has been a frenzied drama at ChatGPT’s parent company OpenAI and after the board unceremoniously fired CEO Sam Altman it bought him back as the CEO within a week. In a post on X (formerly Twitter), OpenAI said, “We... -
Bitcoin Hits Record 710,579 Transactions on Nov 19, 2023, with 475,249 Ordinal Inscriptions
Bitcoin, the world's largest and famous digital currency, made history by reaching an amazing milestone of 710,579 transactions in a single day. This shows that more and more people are using Bitcoin for their everyday financial activities. https://twitter.com/Bitcoin_CNN/status/1726908071388025274 It serves... -
US SEC Files Fresh Charges Against Kraken Exchange, CEO Labels Regulator ‘Decel’
In its continued push to bring the crypto industry under its purview, the US Securities and Exchange Commission (SEC) has filed fresh charges against the Kraken exchange. Operating an Unregistered Securities Exchange Outfit In a November 20 court filing with... -
JPMorgan’s Bold Prediction: JPM Coin Envisions Handling $10 Billion Daily Transactions in the Next Two Years
JPMorgan, a major investment bank, is anticipating the widespread adoption of its digital currency known as JPM Coin. The institution is optimistic about its potential popularity, with expectations that it will facilitate transactions amounting to $10 billion daily within the... -
Sam Altman to Head Microsoft’s New AI Team after OpenAI Ouster
The last couple of days have been quite happening for OpenAI cofounder Sam Altman and after the board ousted him as the CEO of the company, Microsoft announced that he would head its new AI team. OpenAI has hired former... -
Kronos Research Loses $25 Million After API Keys Compromise
In another latest round of crypto hacks, Kronos Research has been massively hit by unknown cybercriminals. The quantitative trading firm reportedly lost $25 million through a few of its compromised API keys. Investigation Ongoing Technology and science-driven trading firm Kronos... -
Alibaba Stock Drifts Towards 52-Week Lows After Shelving IPO of Cloud Segment
Alibaba (NYSE: BABA) stock which fell over 9% yesterday is trading lower in US price action today also and drifting towards its 52-week lows after it spooked markets by shelving the IPO plans of its cloud divisions. In March, the... -
Tether Set to Become Major Bitcoin Miner With $500 Million Investment
Tether has announced plans to invest a staggering $500 million to establish itself as a relevant player in the burgeoning Bitcoin (BTC) mining space. $500M to Be Disbursed Over the Next Six Month Structure Tether is taking giant steps to... -
South Korea’s NPS Rakes in 40% Profit from COIN Investment
South Korea's pension fund has reportedly made a 40% return on investment (ROI) on their Coinbase stocks purchase. $20 Million Invested in Third Quarter South Korea's National Pension Service (NPS) is currently smiling to the bank after it locked in...
