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Trump Appoints Ex-PayPal COO David Sacks As ‘AI And Crypto Czar’
President-elect Donald Trump has named David Sacks, former PayPal COO and venture capitalist, as his top adviser on artificial intelligence and cryptocurrency.…
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Hut 8 Plans $500M Fundraising To Build Bitcoin Reserve
Bitcoin mining company Hut 8 has launched plans to raise up to $500 million through stock sales. The funds will support various…
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Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions
Several Canadian media companies have filed a joint lawsuit against American AI company OpenAI. The lawsuit claims that OpenAI has illegally used…
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Marathon Digital Bought Over $618M In Bitcoin In October And November
Crypto mining company Marathon Digital bought Bitcoins worth $618.3 million between October 1 and November 30. An SEC filing shows the company…
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Canadian Banks Poised For Mixed Earnings Amid Economic Shifts
Canadian banks are set to unveil their fourth-quarter financial results, revealing a complex picture of resilience, challenges, and strategic adaptations. This story…
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Bank of England Warns Of Liquidity Risks In Non-Bank Sector
The Bank of England (BoE) recently conducted a test of Britain’s financial networks, uncovering vulnerabilities in the burgeoning non-bank sector. The study…
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HSBC To Exit China Credit Card Market After Eight Years
HSBC’s attempt to establish itself in China’s competitive credit card market could end. After eight years of effort, the global banking giant…
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Russia Approves New Crypto Tax Framework
The Russian government has approved a new framework for taxing cryptocurrency transactions. On November 27, Russia’s Federation Council passed a bill recognizing…
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$50M Bitcoin Investment Nearly Doubles SOS Ltd. Stock Value
SOS Ltd., a cloud computing and crypto mining company based in China, revealed plans on Wednesday to invest $50 million in Bitcoin.…
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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
Amazon has announced a $4 billion investment in AI company Anthropic to facilitate the development of generative AI models. This is the…