Bitcoin ETF applicants will have to ‘bend the knee’ on cash redemption model
News

Bitcoin ETF applicants will have to ‘bend the knee’ on cash redemption model

As spot Bitcoin exchange-traded fund (ETF) issuers iron out details of their filings with the U.S. securities regulator, it appears that the SEC is steadfast in demanding a “cash” redemption model rather than alternative model proposed by other issuers, such as BlackRock. On Dec. 14 finance lawyer Scott Johnsson said that ETF applicant Invesco has become the latest to bend…

Continue Reading

More firms set to add Bitcoin to balance sheets after major rule change
News

More firms set to add Bitcoin to balance sheets after major rule change

Bitcoin (BTC) and crypto may soon see another mass wave of adoption by U.S.-based firms, after a new accounting rule change that lets companies more accurately reflect the value of their crypto holdings.  Cory Klippsten, the CEO of Bitcoin-only exchange Swan Bitcoin, told Cointelegraph that Bitcoin-holding companies like MicroStrategy and Tesla, which both had to report impairment on their holdings, “can…

Continue Reading

OpenAI Joins Rolling Stone Publisher to Merge AI With Journalism
News

OpenAI Joins Rolling Stone Publisher to Merge AI With Journalism

Leading artificial intelligence firm OpenAI has joined forces with Axel Springer—the publisher behind dozens of prominent media outlets from Politico to Business Insider to Rolling Stone—to take the “business model of journalism to the next level,” which is marked by “AI empowered journalism.” Axel Springer CEO Mathias Döpfner said it was a “first of its kind” collaboration in which ChatGPT…

Continue Reading

Yearn.finance pleads arb traders to return funds after $1.4M multisig mishap
News

Yearn.finance pleads arb traders to return funds after $1.4M multisig mishap

Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error, resulting in a large amount of the protocol’s treasury being drained. “A faulty multisig script caused Yearn’s entire treasury balance of 3,794,894 lp-yCRVv2 tokens to be swapped,” according to a Dec. 11 GitHub post by Yearn contributor “dudesahn.” The error occurred…

Continue Reading

'Lords of Light' NFT Game Studio Raini Reveals New Owners, RST Token on Beam
News

‘Lords of Light’ NFT Game Studio Raini Reveals New Owners, RST Token on Beam

Crypto infrastructure firm Ceden and the studio behind the NFT collection Kanpai Pandas have bought and acquired Raini Studios, the firms announced Wednesday. The new joint venture is called RJV International DBA Raini Studios, according to a post from the Raini team. The team’s token, RST, is a consolidation of its previous RAINI and PHOTON tokens and will now live…

Continue Reading

Social Giant Line Raises $140 Million for NFT Push, 'Brown and Friends' Games
News

Social Giant Line Raises $140 Million for NFT Push, ‘Brown and Friends’ Games

Line Next, the NFT subsidiary of Japanese messaging giant Line, has raised $140 million in a funding round led by private equity firm Crescendo Equity Partners. The investment marks the largest backing for an Asian blockchain company this year, the company claims. The firm plans to use the fresh capital injection to expand its global NFT business and introduce new…

Continue Reading