Month: January 2023

Microsoft in Talks Regarding $10B Investment in ChatGPT Creator

Computer software behemoth Microsoft plans to invest a substantial sum in OpenAI – the creator of ChatGPT. Microsoft (NASDAQ: MSFT) is reportedly lining up $10 billion to invest in ChatGPT owner and creator OpenAI. According to people familiar with the matter, the multinational tech corporation is talking with OpenAI regarding this investment. Should the deal scale through, Microsoft could own up to 49% of OpenAI. Semafor reports that the deal incorporates funding from other venture firms, which will value OpenAI at $29 billion, including the new investment. In addition, other investors could collectively…

Virgin Orbit Shares Slump 27% in Pre-Market after Its Failed Space Mission

The news of the mission’s failure did not augur well with the firm’s investors as reflected in its stock performance. Small satellites launcher Virgin Orbit Holdings Inc (NASDAQ: VORB) has recorded a massive slump in its share price following its failed space mission from the United Kingdom. As reported by CNBC, the company’s rocket which was meant to launch from Newquay, England would have delivered nine satellites to earth’s orbit had the space flight been successful. Virgin Orbit’s Space Mission Virgin Orbit’s Webcast revealed the LauncherOne rocket was actually released…

Nepal Issues Yet Another Anti-Crypto Policy

Nepal has asked ISPs and email providers to expressly shut down everything that could propagate crypto in any way. Nepal has taken another major step to ensure that crypto and blockchain technology does not see the light of day within its jurisdiction. To this end, Nepal’s Telecommunications Authority has ordered that internet service providers (ISPs) must immediately clamp down on all crypto-related activities on the internet. Per the instruction, the regulator asked the ISPs to expressly shut down everything that could propagate crypto in any way. That includes every crypto-based…

Cryptocurrency Rose Ranks in Popularity as Investment Option in Chile in 2022 – Finance Bitcoin News

boss

Cryptocurrencies rose in popularity in Chile, according to a survey from global consulting firm Bain & Company. The survey found that crypto is ranked as the third most popular investment asset among Chileans, only behind investment funds, which were the most popular investment option, and real estate, which ranked second. Popularity of Crypto Rises in Chile in 2022 Countries in Latam that have been affected by high devaluation and inflation rates are starting to turn to crypto as an investment option. In Chile, which is among the five countries with…

Sanctions Reduce Total Inflow of Tornado Cash by 68%

In the most recent report, Chainalysis research suggested that the illegal use of Tornado Cash was essentially associated with crypto hacks and scams, with an approximate average of thirty-four percent of all inflows. Tornado Cash, an open-source, decentralized cryptocurrency tumbler, which was recently in news for its conjectured role in the laundering of criminal proceeds, has been crippled after the levying of sanctions. The decentralized mixer, was, however, not completely put out of usage by the regulatory conduct. The crypto mixer’s alleged malpractice was disclosed on August 8th last year…

Chiliz Serves Up 16% Weekly Gains, Becomes Most Traded Token Among ETH Whales

boss

Chiliz (CHZ) started off 2023 by putting together a 20% increase in its value during the first five days of the year. This strengthened the hopes of the holders of the crypto that it might have a strong bullish rally this year as opposed to the consistent downtrend it had experienced over the last two months. At the moment, this could prove true as data from Coingecko indicates that the asset rose by 16% during the past seven days. At the time of writing, CHZ was trading at $0.1181. Analysts,…

FTX Businesses Like LedgerX Draw Interest from More than 100 Potential Buyers

FTX debtors have prioritized selling four businesses owned by the company, however, the US bankruptcy trustee in FTX’s case has argued that FTX has provided very little information on what’s actually being sold. In the new legal filing of FTX’s bankruptcy case, more than 117 buyers have shown interest in purchasing the assets and businesses of the crypto exchange FTX. It’s almost two months since crypto exchange FTX filed for bankruptcy in November 2022. The crypto exchange’s bankruptcy filing includes more than 100 entities. As per the previous reports, FTX…

Morgan Stanley Eyes Bitcoin Market via GBTC and Cash Settled Futures on Its European Fund

boss

Morgan Stanley warned that the value of GBTC may drop ‘precipitously’ to zero due to regulatory changes, a crisis of confidence, a flaw, or an operational issue in the Bitcoin network. Morgan Stanley (NYSE: MS) has announced that its European Fund has set aside cash to invest in the Bitcoin market. According to its annual shareholder’s report filed on January 5 to the SEC, the company’s European Opportunity Fund has made a deliberate attempt to invest in the volatile crypto market via cash-settled futures or indirectly through Grayscale Bitcoin Trust…