VanEck invests in Web3 gaming startup Gunzilla
VanEck’s Matt Maximo views cryptocurrency as enhancing gaming experiences and monetization. VanEck’s private cryptocurrency fund has invested in Gunzilla Games, marking the asset manager’s second bet on Web3-enabled gaming, the company announced on October 31.Gunzilla has created Off the Grid, a “dystopian cyberpunk shooter,” according to a post by VanEck’s Matt Maximo on the X […]
Tether Reports $2.5B Q3 Profit, Totaling $7.7B in 2024
Tether’s earnings were driven by demand for USDT and returns from U.S. Treasury bonds. The stablecoin issuer Tether has produced another quarter of record-breaking earnings, reporting a total of $2.5 billion in profits for the third quarter of 2024. The attestation report from October of this year estimates the company’s consolidated profit in 2024 to […]
SEC Cost Crypto Firms $426M under Gensler
The BA claims Gensler’s SEC “regulation by enforcement” approach has hurt innovation, costing the U.S. jobs and investment in technology. Since Gary Gensler took over as chair of the United States Securities and Exchange Commission, the Blockchain Association, which is an advocate group for blockchain technology and cryptocurrencies, said that the SEC has caused corporations […]
Judge Sentences IcomTech Promoter to 8 Years for Crypto Fraud
IcomTech allegedly defrauded users of over $8 million between 2018 and 2019, and Rodriguez’s colleague is set for sentencing on November 22. Gustavo Rodriguez received an eight-year jail sentence for organizing a conspiracy to conduct wire fraud to promote the cryptocurrency mining and trading company IcomTech. Judge Jennifer Rochon stated that she had discovered “intentional […]
OpenAI Debuts ChatGPT Search Featuring GPT-4o Tech
OpenAI has introduced ChatGPT Search, a real-time web search engine that competes with Google and Bing in providing immediate access to news, sports, and other content. OpenAI has introduced ChatGPT Search, a new feature that enhances the ChatGPT platform’s popularity by offering real-time search capabilities. Using the GPT-4o model, this utility provides rapid responses to […]