Trump’s new crypto czar called OpenAI a ‘piranha, for-profit company’

December 6, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

David Sacks’ professed views on OpenAI’s business restructuring seemingly align with Elon Musk’s.

An assemblyman of the New York state (NYS) legislature announced in a Facebook post on Jan. 3 that the state will have the nation’s “first” cryptocurrency task force.In the post, Clyde Vanel, an NYS assemblyman and Chair of Subcommittee on Internet and New Technologies, stated that New York became the first state in the United…

BIS joins France and Switzerland’s central banks on cross-border CBDC project

The central bank digital currency project will test cross-border settlement between French and Swiss fiat currencies. 654 Total views 1 Total shares The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.”According…

Italy scales back plans to hike crypto tax rate: Report

A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.

FTX collapse could trigger ‘appetite’ for harsher regulation, says Andrew Yang

“This is categorically a very, very negative thing for human beings and for the regulatory environment,” Yang said. 201 Total views 4 Total shares Calls for harsher regulations around cryptocurrencies and digital assets will likely grow louder in the aftermath of FTX’s collapse — something former United States presidential candidate Andrew Yang said isn’t conducive…

Bitcoin price holds its ground in the wake of CFTC case against Binance

The price of Bitcoin (BTC) fell 3.6% to $26,900 after Binance and CEO Changpeng "CZ" Zhao were sued by the United States Commodity Futures Trading Commission (CFTC) on March 27. To date, Binance has been investigated by the CFTC, the US Securities and Exchange Commission (SEC), the Internal Revenue Service and federal prosecutors.The Bitcoin price…

PayPal CTO: Crypto Still Needs to Prove Itself to Catch On

Crypto developers must follow consumers closely if they want the industry to take off in a big way, Paypal’s chief technical officer has said.Sri Shivananda — an eBay veteran who has been in his role at PayPal since 2016 — made his remarks at the Economic Times (ET) Global Business Summit, ET reported on March…

Leveraged MicroStrategy ETFs break $400M as ‘hot sauce arms race’ heat up

The ETFs add leverage to MicroStrategy’s already levered-up Bitcoin strategy, and investors can’t seem to get enough.

OpenAI mulls restructuring

The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure.

Libra Association Holds Inaugural Meeting, Forms Board

The Libra Association, the governing body of Facebook’s proposed stablecoin, held its inaugural meeting today in Geneva, Switzerland. According to a report from Reuters on Oct. 14, the consortium reaffirmed their interest in creating a payments-oriented stablecoin that would be balanced by a basked of various, purportedly stable fiat currencies. Libra Association sets rules for governanceIn addition…

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