Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital. Source: https://cointelegraph.com/news/riot-platforms-stock-recovers-short-seller-report-collapse-claim
Month: June 2024
39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon
The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them, highlighting a keen interest in this modern asset class. These offices are motivated by the desire to stay abreast of new investment […] Source: https://news.bitcoin.com/39-of-family-offices-investing-or-exploring-cryptocurrencies-bny-mellon/
Former OpenAI Safety Researcher Says ‘Security Was Not Prioritized’
Former OpenAI safety researcher Leopold Aschenbrenner says that security practices at the company were “egregiously insufficient.” In a video interview with Dwarkesh Patel posted Tuesday, Aschenbrenner spoke of internal conflicts over priorities, suggesting a shift in focus towards rapid growth and deployment of AI models at the expense of safety. He also said he was fired for putting his concerns…
This iPhone Challenger Could Transform Smartphones by Trading Apps for AI
London-based electronics maker Nothing wants to revolutionize smartphones, ditching conventional apps in favor of a fully AI-managed interface. “The way we use our smartphones needs to be redefined,” Nothing CEO Carl Pei declared on Twitter. “The current user experience hasn’t evolved for more than a decade… the next era needs a highly personalized, dynamic, and cross-device interface.” There’s been a…
Nvidia Flips Apple As Stock Hits $3 Trillion Market Cap Amid AI Boom
The stock price of AI and gaming chip manufacturer Nvidia (NVDA) surged past $1,235 on Wednesday, up 14.2% for the day, bringing the company’s market capitalization to $3.01 trillion, according to Yahoo! Finance. If the trend holds, Nvidia will be the second most valuable publicly traded company, leapfrogging iPhone maker Apple (AAPL). Nvidia—which has seen its stock skyrocket more than 150%…
New US Stock Exchange Launching in Texas Backed by Blackrock and Citadel
Backed by major financial institutions like Blackrock and Citadel Securities, TXSE Group Inc. has announced its plan to launch the Texas Stock Exchange (TXSE) in Dallas. This new exchange will provide a platform to trade and list public companies and exchange-traded products. With a capital raise of approximately $120 million, TXSE stated that it is […] Source: https://news.bitcoin.com/new-us-stock-exchange-launching-in-texas-backed-by-blackrock-and-citadel/
Public blockchains too ‘fragile’ for tokenization: Professor tells Congress
Allen argued that public blockchains “can’t process large volumes of transactions” — though on-chain data suggests otherwise. Source: https://cointelegraph.com/news/blockchain-tokenization-cant-fix-financial-markets-professor-congress
Tether CEO Advises Caution Over Suspicious Airdrop Emails Citing Compromised Mailing List Vendor
Paolo Ardoino of Tether and Bobby Ong of Coingecko have warned of a potential supply chain attack on the crypto industry. They reported that a prominent vendor managing mailing lists for crypto companies may have been compromised, urging caution against phishing emails related to fake crypto airdrops. ‘Beware of Any Emails Suggesting Crypto Airdrops’ Paolo […] Source: https://news.bitcoin.com/tether-ceo-advises-caution-over-suspicious-airdrop-emails-citing-compromised-mailing-list-vendor/
Bitcoin Users Just Wasted $100K on Invalid Rune Mints
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Nearly $100,000 in BTC was vaporized on invalid Rune Protocol mints, according to Bitcoin Ordinals and Runes explorer Ord.io. On Wednesday, the specialized tracker tweeted that…
Ethereum Price to Hit $22,000 by 2030, Predicts VanEck
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Global asset manager VanEck predicted Wednesday that the price of Ethereum will reach $22,000 by the end of the decade, dubbing the cryptocurrency “digital oil” in…