Cryptocurrency news - Business
Elon Musk threatens Microsoft with lawsuit, claims AI trained on Twitter data
The Twitter chief alleged Microsoft scraped information from the platform to train its AI and sell the data to others. Microsoft has been threatened with a lawsuit from Tesla and Twitter CEO Elon Musk, who claimed the Big Tech firm “illegally” trained its artificial intelligence...
‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial Secretary
Hong Kong has already taken serious steps to develop the Web3 industry and its Financial Secretary says now is the right time to keep moving forward. Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financia...
Swiss state-owned bank Postfinance to offer Bitcoin trading
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles. PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage ser...
ChatGPT and AI must pay for the news it consumes: News Corp Australia CEO
Michael Miller said generative AI is a move by digital companies to take the creative content of others "without remunerating them for their original work." The creators of artificial intelligence (AI) fuelled applications should pay for the news and content being used to improv...
Core Scientific to transfer $20M of equipment to settle bankruptcy dispute
Millions of dollars worth of electrical equipment will be transferred to the crypto miners' exclusive energy negotiator to settle a payments dispute. A $20 million settlement between Bitcoin BTC $27,796 miner Core Scientific and its energy negotiator Priority Power Management h...
US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto. The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin BTC $24,658, says Galaxy Digital founder and CEO...
Breaking: Silicon Valley Bank UK arm acquired by HSBC for one pound
Banking giant HSBC announced that its U.K. arm is acquiring Silicon Valley Bank UK Limited (SVB UK) for one pound ($1.21). Global banking giant HSBC Holdings is coming to rescue the United Kingdom-based branch of the collapsed Silicon Valley Bank with a new acquisition. HSBC of...
Crypto Bank Silvergate Announces 'Voluntary Liquidation'
The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from its auditors. Crypto-friendly Silvergate Bank will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital Corp. (SI...
89% still trust centralized custodians despite 2022’s collapses: Survey
A January survey from Paxos found that 89% of respondents still trusted “intermediaries” to hold their crypto, despite the collapses and bankruptcies last year. American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Pa...
Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko
"NFTfi,” on-chain derivative platforms, decentralized stablecoins and Ethereum L2s are four investment opportunities being looked at closely by one crypto investment firm. Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% fro...