Senators Propose $32 Billion Investment Plan to Boost US Tech Growth
Schumer-led bipartisan senators propose a $32 billion investment over three years to develop AI and enforce safeguards, aligning with recent bipartisan efforts in AI regulation and promotion. Four senators representing both parties are guided by Majority Leader Chuck Schumer in a bipartisan group. Their recommendation is that Congress allocate a minimum of $32 billion over […]
Advisers Invest $40M in Fidelity Bitcoin ETF
Fidelity’s Bitcoin exchange-traded fund (ETF) has received $40 million in a single investment from two financial advisers, making it the largest investment in a Bitcoin fund. Financial advisers United Capital Management of Kansas and Legacy Wealth Management have recently invested $20 million in Fidelity Wise Origin Bitcoin Fund (FBTC) shares, becoming the fund’s top shareholders, per Bloomberg […]
ARK Invest Buys 200,275 SOFI Shares as SoFi Exits Crypto
Cathie Wood’s ARK Invest acquired 200,275 SOFI shares, approximately worth $1.5 million, on November 29, as SoFi announced plans to terminate crypto services by the end of 2023. ARK acquired 200,275 SOFI shares on November 29 for allocation to its ARK Fintech Innovation ETF (ARKF). Reporting by TradingView, the value of the sum is $1.47 […]
Sequoia Partner Asserts on FTX Investment
Alfred Lin, director at Sequoia Capital, defended the firm’s multimillion-dollar investment in the now-defunct cryptocurrency exchange FTX. Lin stated at the Bloomberg Tech Summit that Sequoia would likely make the same investment decision if he were tasked with evaluating FTX for the first time again. “I looked at the work we did in 15 different […]
South Korean Government set to invest $187M into a national Metaverse Project
For a country that sees a future in the metaverse and all it entails, the government of South Korea will provide $186.7 million to stimulate the growth of a Metaverse platform that will support the expansion of digital content and corporate growth in the country. The Ministry stated in an official statement on Feb. 27 […]