FTX, the cryptocurrency exchange, has filed to sell the majority of its stake in Anthropic, a prominent AI company, for a staggering $884 million, according to court documents. This move marks a significant divestment strategy by FTX, aiming to monetize its interest in Anthropic. Court filings disclose the key buyers of the Anthropic shares. ATIC […]
According to a recent bulletin from crypto research firm Kaiko, the liquidity gap in the crypto market, known as the “Alameda Gap,” has nearly vanished as market liquidity rebounds to pre-collapse levels. This recovery comes after a prolonged period of decreased liquidity following the shutdown of FTX and Alameda Research in November 2022. Recovery to […]
The World Economic Forum (WEF) reports a notable trend among manufacturing firms in the United States. A growing number turning their attention to the industrial metaverse as a solution to complex production challenges. According to the WEF, industries such as automotive, energy, software, aerospace, and defense are spearheading investment in this emerging technology. Exploring Metaverse […]
1. Apple ceases its autonomous vehicle initiative, Project Titan, after nearly a decade of development. 2. The project’s nearly 2,000 employees will transition to Apple’s AI division, led by John Giannandrea. 3. Apple emphasizes a strategic pivot towards AI and generative models: AI coding assistant and upcoming AI-powered features. After nearly a decade of secretive […]
1. Ethereum co-founder Vitalik Buterin suggests Linux as a solution to Elon Musk’s reported Microsoft Windows OS issues. 2. Buterin’s proposal aligns with his advocacy for open-source software, emphasizing Linux’s transparent source code and user modification capabilities. 3. Community responses on the X platform address Musk’s frustration with Windows OS. Ethereum co-founder Vitalik Buterin has […]
1. Hackers compromised the official MicroStrategy X account, posting malicious links for a fake Ethereum-based MSTR token airdrop. 2. Users fell victim to the scam, resulting in financial losses surpassing $440,000, with loss of $420,000 per individual. 3. Crypto industry experts highlighted the apparent inconsistency of MicroStrategy, focused on Bitcoin. MicroStrategy, has invested over $6 […]
In a recent revelation that has stirred the cryptocurrency community, Martti Malmi, one of Bitcoin creator Satoshi Nakamoto’s earliest collaborators, has published 120 pages of email correspondences between the two on GitHub. These emails, initially presented as evidence in a London court case against Craig Wright, offer a glimpse into the formative days of Bitcoin. […]
In a pivotal development for FTX estate, Judge John Dorsey has given the green light to the motion filed. Earlier this month, allowing the exchange to sell its 8% stake in the artificial intelligence startup, Anthropic. This decision comes as FTX seeks to capitalize on the profitable venture, potentially fetching over $1.4 billion based on […]
Block, led by Jack Dorsey, reported a substantial increase in Bitcoin gross profit through its Cash App, contributing to a 90% year-over-year rise. The fourth-quarter 2023 earnings report revealed a $66 million gross profit on Bitcoin sales, prompting a significant surge in Block’s stock price during after-hours trading. Bitcoin Sales Surge Block’s Bitcoin revenue witnessed […]
Giant chipmaker Nvidia (NVDA) reported fourth-quarter earnings per share of $5.16. It is surpassing the average analyst estimate of $4.59 per share. The company also posted revenue of $22.1 billion, outperforming Wall Street’s expectation of $20.4 billion. This performance has sent ripples across both equity markets and the cryptocurrency space. AI Tokens Experience Significant Surge In Nvidia’s […]