Schumacher family sues over fake AI interview
The family of former F1 champion Michael Schumacher is taking legal action against a German magazine that published a fake interview with him using artificial intelligence (AI). The magazine, Die Aktuelle, ran a cover story on April 14 promising “the first interview!” with Schumacher since he suffered a brain injury in a skiing accident in […]
OTPP writes off $95 million crypto investment after FTX collapse
OTPP has written off its $95 million investment in FTX, a crypto exchange that went bankrupt amid fraud allegations and a liquidity crisis. The fund said it invested $95 million in FTX through its Teachers’ Venture Growth platform, representing less than 0.05% of its net assets. The Ontario Teachers Pension Plan (OTPP) was among the prominent […]
Tesla Keeps Bitcoin Stash, Reports $2.5 Billion Profit in Q1 2023
Tesla revealed that it still holds $321 million worth of Bitcoin and posted a net income of $2.5 billion on revenue of $23.33 billion in Q1 of 2023. Tesla, the electric vehicle and clean energy company led by Elon Musk, reported its first-quarter earnings on Wednesday, revealing that it still holds $321 million worth of […]
BlockFi Wins Extension for Bankruptcy Plan
BlockFi, the crypto lending platform that went bankrupt after the FTX crash, has secured more time to submit its bankruptcy plan. BlockFi, the crypto lending platform that filed for bankruptcy in November 2022 after the FTX crash, has won a few more weeks (May 15) to come up with a plan to restructure its business […]
Akron Finance Partners with Chainlink to Boost DeFi with Large Order DEX
Akron Finance joins the Chainlink BUILD program to access oracle services and technical support for its decentralized exchange that enables near-zero price impact matching of large orders. Akron Finance leverages Chainlink’s oracle services and support to offer a DEX that can handle large orders without affecting the price, enhancing its network’s security and adoption. Akron […]