Pantera Reported Launch Fundraiser to Buy $250M SOL From FTX Estate
According to reports, Pantera Capital’s asset management firm is raising funds to purchase Solana (SOL) tokens from its stash, worth around $5.4 billion, from the estate of the defunct FTX exchange. Pantera is soliciting capital for the Pantera Solana Fund, which, according to marketing materials obtained by Bloomberg from prospective investors, seeks to acquire Solana’s […]
Cognizant Technologies to Launch Advanced AI Lab in San Francisco
Following the merger with Microsoft, Cognizant Technology Solutions Corporation (NASDAQ:CTSH), a multinational technology giant, announced opening a cutting-edge AI tech center in San Francisco as its most recent monumental accomplishment. Cognizant intends to transform San Francisco into a worldwide epicenter for AI research and development with the housekeeping of a panel of distinguished professionals, including […]
Philippine NTC Blocks Unlicensed Crypto Exchange Websites
The Philippine National Telecommunications Commission (NTC) has blocked access to the websites of cryptocurrency companies offering investment products in the country without the proper licenses. One of the leading internet service providers in the country has rendered the websites of cryptocurrency firms MiTrade and OctaFX inaccessible, according to a report by the local media outlet […]
Generative AI High School Teacher Resumes Job in India
An Indian high school in Kerala has appointed an artificial intelligence (AI) teacher equipped with an Intel processor who uses generative AI to deliver individualized instruction to the students. Concerns regarding the potential dominance of AI have escalated in tandem with technological advancements, putting writing, videography, and coding in jeopardy. Having been the first institution […]
DCG, CEO File Motions to Dismiss NYAG’s $3B Lawsuit
Digital Currency Group (DCG), venture capital firm, and its CEO Barry Silbert have filed motions to dismiss the New York Attorney General’s Office (NYAG) $3 billion lawsuit, arguing that the allegations of fraud are without merit. The NYAG initiated legal proceedings in October 2023 against cryptocurrency firms Gemini, Genesis, and DCG because they purportedly defrauded […]