BlackRock Meets With SEC on Structure of Bitcoin ETF
According to James Seyffart, an ETF analyst at Bloomberg, BlackRock recently met with US SEC regulators regarding its spot Bitcoin ETF application. Reports have been that the US Securities and Exchange Commission is in talks with exchanges on the much-anticipated release of a spot Bitcoin exchange-traded fund. The main topic of discussion is the decision […]
OpenAI Debacle Encourages Support for Open Source AI Competitor
Tech titans have rallied support for open source amid the current upheaval surrounding ChatGPT parent company OpenAI’s leadership shift. The recent drama surrounding OpenAI’s leadership could provide the publicity that other AI technology businesses need to increase their uptake and revenue. Many big companies, including Salesforce, Qualcomm, Nvidia, and former Google CEO Eric Schmidt, have […]
Nansen Reports Continued Withdrawals from Binance
A post from November 22 states that although withdrawals are still occurring, Nansen is still waiting to witness a large-scale capital outflow. There were more withdrawals than inflows early in the day, with a $17 million negative netflow. Simultaneously, the blockchain analytics company has experienced significant expansion, going from $64.6 billion to $65.2 billion when […]
Justin Sun’s Crypto Venture Loses Over $100m in Recent c
The cybersecurity company Cyvers Alerts revealed in a post, dated November 22 that a questionable address had obtained $12.4 million from the HTX exchange. Simultaneously, another location connected to Justin Sun’s business endeavors amassed almost $85 million from HECO Chain bridge. When considered as a whole, the notice implies that Poloniex, a well-known cryptocurrency exchange […]
OpenAI, Microsoft Face Lawsuits Over Unauthorized Use of Authors’ Work
OpenAI and Microsoft are confronting a new legal challenge as they are being sued over allegations of misusing nonfiction authors’ work to train artificial intelligence models. In order to train its large language models to respond to human text prompts, OpenAI reportedly used tens of thousands of nonfiction books without consent, according to Sancton’s complaint. […]