Tag: Report

Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report

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Crypto media platform CoinDesk was acquired by crypto exchange Bullish on Nov. 20, according to a report published in the Wall Street Journal (WSJ). The crypto exchange is headed by former New York Stock Exchange president Tom Farley. The media platform said that former Wall Street Journal editor-in-chief Matt Murray will chair an independent editorial committee while the current CoinDesk editorial team will remain intact. According to the report, Bullish acquired the crypto media platform in an all-cash deal, though the terms of the deal were not disclosed. The media platform,…

Crypto ETP volumes surge 91%, outpacing underlying assets — Report

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Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia. Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded a 91% increase in total assets under management (AUM) from Jan. 1 to Oct. 31, 2023, Fineqia reported. The surge of crypto ETPs has outperformed the growth of underlying digital assets by 30%, as cryptocurrencies had comparatively slower growth of around 70% over the same period. Fineqia’s study included all currently…

OpenAI investors push for Sam Altman’s return as CEO: Report

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The board of directors at OpenAI is reportedly receiving criticism from investors over the decision to terminate its CEO Sam Altman. According to a November 19 Bloomberg report, citing people familiar with the matter, several investors of OpenAI – the artificial intelligence (AI) company behind chatGPT – are reportedly in contact with its largest shareholder, Microsoft, in an effort to reinstate Altman as CEO. On November 17, OpenAI announced the removal of Altman as CEO, with its chief technology officer Mira Murati stepping into the CEO position.  In a blog…

OpenAI’s crisis escalates as more staff resign after CEO removal: Report

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The turmoil at OpenAI continues to escalate after its founder Sam Altman was abruptly ousted on Nov. 17, with three senior researchers reportedly quitting the artificial intelligence company. OpenAI’s board of directors announced Altman’s removal from the CEO position in a blog post, claiming that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” According to the post, chief technology officer Mira Murati is now the interim CEO. The decision triggered a wave of resignations in the company since then. OpenAI…

Annual a16z report spotlights crypto policy 

On Nov. 16, a16z shared the release of its annual State of Crypto Report, which considers the impact of blockchains for policymakers considering the future of emerging technology in the United States. In the report, the venture capital firm emphasizes that good regulation should protect consumers and provide compliance pathways, while showcasing continuous growth for the digital asset class. Regulation remains front and center Highlighting the value of these cryptocurrencies, the report calls out Blockchain analytics firms estimate that it is less than 2% of total crypto activity that is being tied…

Crypto lobby spending in U.S. set to beat 2022 record: Report

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With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million.  According to the CoinGecko report, published on Nov. 14, the U.S. crypto lobby has spent $20.19 million in 2023 to date, and this data doesn’t include the Q4 numbers. That means the total amount of lobby spending this year would probably exceed last year’s numbers, which were an absolute record for the American crypto industry.…

Tether plans major expansion into BTC mining with $500M investment: Report

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Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. The stablecoin firm may spend around $500 million in the next six months on the construction of mining facilities and investments in other miners, Ardoino told Bloomberg in an interview. The company will build mining facilities in Uruguay, Paraguay and El Salvador as it grows its computing power to 1% of the BTC mining network. The new sites would have a capacity of between 40…

VARA CEO Henson Orser to Quit as More Than 12 Crypto Firms Face Fines: Report

Additionally, more than 12 crypto companies are set to be fined for not complying with guidelines by a Nov. 17 deadline, Bloomberg said, citing anonymous sources who asked not to be identified because the matter is private. The names of the firms were not mentioned, but don’t include Binance, OKX or ByBit and some others, which will be given more time to comply, according to the report. In its email, VARA did not comment on the fines. Source