Category: Fiat

SoftBank Eyes $25B Investment in OpenAI

SoftBank is in advanced talks to inject up to $25 billion directly into OpenAI, positioning the Japanese tech giant as the ChatGPT maker’s largest financial backer, according to Financial Times reporting on Wednesday. If finalized, the deal would eclipse Microsoft’s $13 billion investment, marking SoftBank’s most ambitious move in artificial intelligence to date. The potential […]

Czech Central Bank Eyes Bitcoin for Reserves

In a historic move, Czech National Bank (CNB) Governor Aleš Michl is set to propose adding up to $7 billion worth of Bitcoin to the country’s reserves. If approved, the Czech Republic could become the first Western central bank to hold cryptocurrency as part of its asset portfolio. “For the diversification of our assets, Bitcoin […]

Tuttle Capital’s Bold Crypto ETF Filings

Tuttle Capital Management is taking a bold step into the cryptocurrency market, filing with the U.S. Securities and Exchange Commission (SEC) to propose the first-ever exchange-traded funds (ETFs) tied to a mix of major crypto assets and meme coins. The filings cover 10 leveraged ETFs, including assets like Chainlink (LINK), Cardano (ADA), Polkadot (DOT), and […]

CFPB Sues Capital One Over Misleading Savings Accounts

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Capital One, the ninth-largest bank in the United States, accusing it of deceptive practices that allegedly cost customers billions in unpaid interest. The CFPB claims that Capital One misled millions of customers by promoting its 360 Savings account as offering some of the highest […]

Banks Cleared to Custody Bitcoin After Rule Change

Michael Saylor, executive chairman of MicroStrategy, revealed that banks can now legally custody Bitcoin (BTC) following the repeal of the controversial SAB 121 rule. The rule, outlined in an earlier SEC accounting bulletin, required companies engaged in crypto custody to list digital assets as liabilities on their balance sheets. This mandate made it financially unfeasible […]

Riot Platforms Shifts Focus from Bitcoin Mining to AI and HPC

Listed cryptocurrency miner Riot Platforms has announced a strategic pivot from Bitcoin mining to exploring opportunities in artificial intelligence (AI) and high-performance computing (HPC). The company plans to utilize approximately 600 megawatts (MW) of unused power capacity for these applications. This decision has led Riot to pause its Phase II Bitcoin mining expansion at the […]

Binance Expands Services to Uzbekistan

In a major announcement, Binance, the world’s leading cryptocurrency exchange, has revealed that it is now offering services to residents of Uzbekistan. This expansion is made possible through a partnership with the National Agency of Perspective Projects (NAPP), a regulatory body in the Republic of Uzbekistan. The agreement reinforces Binance’s commitment to creating a secure […]

Ripple Eyes XRP ETF Approval in 2025

Amid the growing popularity of Ripple’s stablecoin, RLUSD, Ripple President Monica Long has expressed confidence that an XRP Spot ETF could be the next major cryptocurrency investment product approved in the United States. Long highlighted the upcoming administration change as a key factor that could accelerate regulatory approval. Her remarks come at a time of […]