This week, the blockchain and crypto space saw significant venture capital (VC) activity, with startups raising over $100 million collectively. The investments highlight a growing interest in diverse blockchain applications, including gaming, social networks, and advanced cryptographic security.
The integration of AI into the financial world has a rich history, dating back to the founding of Renaissance Technologies by James Simons in 1978. Simons utilized data analysis to establish quantitative investing, setting the stage for AI’s role in financial services. Over time, AI has been used to mitigate risks, formulate financial plans, combat…
Renowned rapper 50 Cent has revealed that hackers hijacked his X account and personal website to promote a fake cryptocurrency. On June 21, 50 Cent — whose real name is Curtis James Jackson — took to Instagram to alert his 32.8 million followers that both his X account and personal website, thisis50.com, had been compromised. …
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.
Investment management firm VanEck intends to charge a fee of 0.20% on its proposed spot Ethereum exchange-traded fund (ETF), as per a U.S. Securities and Exchange Commission (SEC) filing. The SEC recently approved applications from Nasdaq, CBOE, and NYSE to list ETFs tied to the price of Ether, the cryptocurrency underlying the Ethereum network, potentially…
Tesla and critics of Elon Musk’s compensation package are in a legal dispute over how to resolve the CEO’s $56 billion pay package. Tesla argues that a shareholder vote in favor of the pay package should reverse a previous ruling that voided the compensation. However, the plaintiff’s legal team argues that the shareholder vote has…
The Biden administration has imposed sanctions on 12 senior executives at AO Kaspersky Lab, citing cybersecurity risks. This action follows the announcement of plans to ban the sale of the Russian company’s antivirus software. The sanctions target various leadership roles at Kaspersky Lab, including the chief business development officer, chief operating officer, legal officer, and…
OpenAI, backed by Microsoft, has acquired Rockset, a search and database analytics startup, to improve its infrastructure for enterprise products. The deal, valued at a few hundred million dollars, is one of OpenAI’s largest acquisitions. Rockset’s expertise in real-time data processing and vector search will enhance OpenAI’s ability to quickly access and analyze vast amounts…
In a recent development, universities in Kenya have been ordered to recall admission letters due to errors in school fees. This directive comes amid a funding crisis that has affected higher education institutions in the country. The recall of admission letters has caused confusion and frustration among students and parents, raising concerns about the impact…
