Economist Peter St Onge has warned that U.S. dollar weaponization will lead to “soaring inflation, a catastrophic fallen American standard of living, and a U.S. that falls off the world stage.” Commenting on the economist’s warnings, Tesla and Twitter CEO Elon Musk weighed in on de-dollarization. De-Dollarization Happening Faster Than People Realize, Says Economist Economist Peter St Onge warned about…
FTX bankruptcy lawyers agreed on Tuesday to sell LedgerX, the FTX-owned derivatives trading platform, to M7 Holdings. The interest purchase agreement is expected to fetch $50 million for debtors of the failed cryptocurrency exchange. Based in Akron, Ohio, M7 Holdings is an affiliate of Miami International Holdings, Inc., a global operator of financial exchanges and execution services. On April 4,…
FTX announced that it has entered into a purchase agreement with an affiliate of Miami International Holdings to sell its futures and options exchange and clearinghouse LedgerX. FTX said in a statement that the total proceeds of the transaction would total about $50 million. The deal still requires the approval of the United States Bankruptcy Court for the District of…
Even if you weren’t using ChatGPT as an unpaid therapist, the thought of your questions and prompts being saved and used to train future AI models may make you uncomfortable. In acknowledging this, OpenAI has rolled out new features that lets users protect their ChatGPT chat history. In addition to giving users more control over their digital footprints, activating the…
According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash and crypto through a “direct distribution” via the Voyager platform. Voyager’s Asset Purchase Agreement With Binance US Scrapped Towards the end…
In a decision with potentially major implications for NFT and crypto builders, a United States federal appeals court has ruled that Apple violated California’s Unfair Competition Law by forbidding app developers from using any alternative payment method besides those of the tech giant’s own App Store, which levies a 30% fee on most transactions. The ruling, made late Monday by…
Roughly 100 people answered the call from the crypto advocacy groups Chamber of Digital Commerce, Satoshi Action Fund, and Texas Blockchain Council to show Texas lawmakers they were against legislation targeting crypto mining firms. Gathering at the Texas Capitol in Austin on April 25, crypto enthusiasts, state lawmakers, industry leaders, and even a few members of the Capitol Police met…
The U.S. crypto industry might be on shaky ground with regulatory saber rattling in congress, but Cathie Wood’s ARK Invest and investment firm 21Shares are still bullish on a Bitcoin exchange-traded fund—despite being rejected twice previously. In a refiling Tuesday, the two again asked the U.S. Securities and Exchange Commission to approve a Bitcoin spot ETF. They had joined forces…
Humanity has been saved! … Or has it? ChaosGPT, the notorious AI designed to bring about humanity’s downfall, has mysteriously vanished. The controversial tool, crafted by an unknown developer, sprang to life in early April, and immediately set to work on its destructive mission, figuring out how to obtain weapons of mass destruction—and worse, setting up assorted social media accounts…
Mark Zuckerberg’s Meta is expected to report tomorrow that profits declined as Facebook and Instagram’s parent company increasingly looks to AI as a source of potential growth. The news comes amid a metaverse pivot that has struggled to gain traction. Analysts who follow the company are expecting it to report a profit of $5.2 billion for its first quarter, a…
