The $157 billion artificial intelligence giant wants to keep its nonprofit arm to pursue its mission of benevolent AI development. Source: https://cointelegraph.com/news/chat-gpt-creator-openai-in-talks-for-profit-company?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto
A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges. Rethinking Retirement: Bitcoin’s Intriguing New Role in UK Pension Schemes Cartwright, a pension specialist for defined benefit and hybrid schemes, announced a pioneering bitcoin investment in a UK pension […] Source: https://news.bitcoin.com/uk-pension-scheme-embraces-bitcoin-marking-a-historic-leap-into-crypto/
‘Calm before the storm’ — Bitcoin volatility stalls ahead of US election
After notching a three-month high last week, Bitcoin volatility has flattened out as traders await the outcome of the US election with bated breath. Source: https://cointelegraph.com/news/calm-before-the-storm-bitcoin-volatility-stalls-as-markets-await-election-results-bitfinex?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Meta opens Llama AI model up to US military
Meta said sharing open-sourcing AI tech within the US and to its allies will play a role in helping it preserve their “technological edge” over China and other competitors. Source: https://cointelegraph.com/news/meta-allows-us-military-access-llama-ai-model-for-national-security?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Metaplanet Joins CoinShares’ Blockchain Equity Index in First Global Listing
Japan’s publicly-listed early-stage investment firm Metaplanet Inc. announced its inclusion in the CoinShares Blockchain Global Equity Index (BLOCK Index), a globally recognized benchmark tracking the top public companies in blockchain and crypto. The inclusion in the CoinShares BLOCK Index marks Metaplanet’s debut in a high-profile blockchain equity index, the company’s CEO, Simon Gerovich, announced Monday. Aligning with its stated mission…
US Bitcoin ETFs notch second-largest daily outflow on eve of election
The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history. Source: https://cointelegraph.com/news/us-bitcoin-etf-outflows-second-highest-amid-election?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Dollar’s ‘Death Warrant’? BRICS Power Play Revealed by Russian Officials
The U.S. dollar has been wielded as a “weapon of oppression,” a Russian official argues, accelerating its decline as the world’s reserve currency as BRICS nations pursue currency alternatives. The US Dollar’s New Fate: Lavrov Claims the End of an Era Has Begun Russian Foreign Minister Sergey Lavrov said Monday that the West has degraded […] Source: https://news.bitcoin.com/us-dollars-death-warrant-brics-power-play-revealed-by-russian-officials/
Dangerous Explosion Looms: Medvedev Warns of US Dollar’s Inevitable Collapse
A U.S. dollar collapse would trigger catastrophic global upheaval, warns Dmitry Medvedev, describing a looming “explosion” with grave consequences for the entire world economy. Medvedev Warns of Grave Global Havoc if US Dollar Bubble Bursts Dmitry Medvedev, Deputy Chairman of the Russian Security Council, has cautioned that the “dollar bubble” could eventually rupture, potentially triggering […] Source: https://news.bitcoin.com/dangerous-explosion-looms-medvedev-warns-of-us-dollars-inevitable-collapse/
Michigan State Pension Fund Expands Crypto Holdings with $10M Ethereum Buy
The State of Michigan Retirement System, overseeing $13.6 billion in pension fund assets, has begun diversifying its crypto holdings following its foray into the asset class earlier this year. In a 13-F disclosure filed Monday with the Securities and Exchange Commission, the state fund revealed it has picked up $10 million worth of shares from Grayscale’s Ethereum Trust (ETHE). What’s…
$3M Bitcoin Forecast: Vaneck’s Model Sees Central Bank BTC Adoption
Bitcoin could reach $3 million, according to asset manager Vaneck, with a model showing its potential as a reserve asset held by global central banks. Bitcoin as Central Bank Asset? The $3M Target Driving Big Conversations Matthew Sigel, head of digital assets research at asset management firm Vaneck, analyzed bitcoin’s recent rise in an interview […] Source: https://news.bitcoin.com/3m-bitcoin-forecast-vanecks-model-sees-central-bank-btc-adoption/