Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back $620 million in repayments from DCG. In a Nov. 28 filing to a New York Bankruptcy Court, Genesis said DCG agreed to pay its outstanding $324.5 million in loans by April next year, and Genesis…
Legendary investor and billionaire Charlie Munger, known as the right-hand man of Warren Buffet who helped build investment powerhouse Berkshire Hathaway, has passed away at 99 years of age. Munger’s family informed Berkshire “that he peacefully died this morning at a California hospital,” according to a company announcement on Nov. 28. Munger, who served as vice chairman at Buffet’s empire…
Bitcoin (BTC) spot exchange-traded funds (ETFs) in the United States now have a “clear runway” to potential simultaneous approvals after an advanced decision to delay the bids of Franklin Templeton and Hashdex ETFs, according to ETF analysts. In a Nov. 28 X (Twitter) post, Bloomberg ETF analyst James Seyffart said the Securities and Exchange Commission delayed its decision on the…
AI tools grow up so fast! Pika Labs is now the proud parent of a new AI video generation tool, the startup announcing the launch of Pika 1.0 to attempt to merge advanced AI capabilities with user-friendly features. Pika is coming out of beta just six months after the company’s inception and serves the company’s vision of enabling everyone to…
Portal, a crypto gaming platform that will support a variety of games and blockchain networks, announced that it is planning an airdrop for its upcoming token—and you can start earning it now by helping to promote the platform. On Monday, Portal revealed how crypto users can “farm” the upcoming airdrop, or earn an allotment of the token based on their…
The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The agency has requested written comments on both proposals to approve or deny the applicants’ Forms 19b-4. SEC Form 19b-4 is a public disclosure approved by the SEC Trading and Markets…
Amazon has launched its own artificial intelligence-powered assistant built for business, “Amazon Q.” The AI chatbot can be used to have conversations, solve problems, generate content, gain insights and connect with a company’s information repositories, code, data and enterprise systems, Amazon Web Services said in a Nov. 28 announcement. Meet your new #generativeAI assistant designed for work that can be…
Solana has been surging again lately, with the price of SOL more than doubling since the start of October and skyrocketing from the sub-$10 mark it hit in late 2022. And if you’re looking to fill your wallet with even more Solana, then why not earn more by playing games? Numerous play-to-earn games are based on Solana, and either reward…
Charlie Munger, longtime business partner of Warren Buffett and vice chairman of multinational holding company Berkshire Hathaway, has died at the age of 99, the company announced today. Munger’s proclamations, much like Buffett’s, were often eminently quotable takedowns of bad investments—and few assets raised his ire like Bitcoin. “I think it’s rat poison,” he famously said in 2013, when Bitcoin…
Bitcoin will hit $100,000 by next year, British multinational bank Standard Chartered has said. The bank made its first bullish predictions back in April, predicting that the largest digital coin would hit $100,000 by the end of 2024. In July, its team of analysts projected that Bitcoin could hit $120,000 in the same timeframe. While the protracted bear market that…
