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FTX Suspends Sale of $500M Anthropic Investment Amid Ongoing Recovery Efforts
Defunct cryptocurrency exchange FTX has halted the sale of its $500 million stake in Anthropic, an emerging artificial intelligence (AI) company. With the recovery of missing funds underway, analysts believe the sale suspension comes into play to generate more revenue... -
Lordstown Motors Files for Bankruptcy and Sues Foxconn: Key Takeaways
Lordstown Motors (NYSE: RIDE) has announced a “strategic restructuring process” and has filed for bankruptcy while suing its production partner Foxconn over the stalled funding deal. Here are the key takeaways. Lordstown said that the restructuring is intended to “maximize... -
Jack Dorsey’s Nodeless Tweet Creates Massive Stir Over Its Impact on Bitcoin Adoption
The Nodeless platform's launch is a win for blockchain technology as it enables individuals to accept Bitcoin Lightning payments without needing Know-Your-Customer (KYC) verification. With Jack Dorsey's recent tweet highlighting the potential of this emerging network, Nodeless has the potential... -
Lula da Silva’s BRICS Vision Shines Light on De-dollarization at Global Financial Reform Summit
Brazilian President Lula da Silva wants to discuss an important topic at the upcoming BRICS meeting. He's curious about why Brazil and Argentina trade using US dollars instead of their own currencies. He also wonders why Brazil and China can't... -
ProShares’ BITO Sees Largest Inflow Amid Bitcoin ETF Hype
Institutional investors have rekindled their interest in Bitcoin futures, leading to a significant weekly influx of $65 million into ProShares' BITO Bitcoin ETF. The Enthusiasm for Bitcoin ETF Re-emerges ProShares' Bitcoin Strategy ETF (BITO) has achieved a significant milestone as... -
Apple CEO Tim Cook Calls India a ‘Huge Opportunity’: Would More Investments Follow?
US tech CEOs including Apple’s Tim Cook, Microsoft’s Satya Nadella, and Alphabet’s Sundar Pichai met Indian Prime Minister Narendra Modi on his state visit to the country. Cook described India as a “huge opportunity” leaving markets guessing on whether Apple... -
Google Launches Novel Anti-Money Laundering AI for Global Retail and Commercial Banks
Google Cloud has officially launched an AI-powered algorithm for financial organizations to effectively detect money laundering transactions and schemes globally. Google AI Momentum Pushes Forward: A Refined Solution for the Financial Industry Google Cloud has officially announced the launch of... -
Bitcoin Fees Surge to $3.54, Up 92% in 4 Days, Amid High Demand and Limited Blockchain Capacity
The Bitcoin blockchain has gained immense popularity as a network for sending and receiving Bitcoin. However, due to its widespread usage, the cost of sending transactions has soared, making it quite expensive. On average, it now costs around $3.54 to... -
Ripple Gets Regulatory License Nod for Digital Asset Services in Singapore
Digital payment platform Ripple has officially obtained regulatory license approval from the Monetary Authority of Singapore (MAS) to offer digital product services in Singapore. Ripple Expansion Waves Touches Singapore San Francisco-based blockchain company Ripple confirmed it had obtained in-principle approval... -
Federal Reserve Chairman Jerome Powell and Congressional Leaders Discuss Cryptocurrency’s Future, Stablecoins, and Regulatory Clarity
Federal Reserve Chairman Jerome Powell believes that cryptocurrency is here to stay and will play a significant role in the US economy. He thinks that stablecoins, which are a type of cryptocurrency used for payments, should be considered as a...
