Business

IATSE Local 728 Becomes First Private-Sector Union To Invest In Bitcoin

IATSE Local 728 Becomes First Private-Sector Union To Invest In Bitcoin

IATSE Local 728, a 3,000-member chapter of The International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the United States, Its Territories and Canada, has made history by purchasing its first Bitcoin investment, according to a press release sent to Bitcoin Magazine. This initiative, approved by an overwhelming majority of […]

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Trump family in talks to acquire stake in Binance.US

Trump family in talks to acquire stake in Binance.US

Key Takeaways The Trump family is in talks to invest in Binance.US, with potential stakes through their venture World Liberty Financial. Changpeng Zhao seeks a pardon to aid Binance’s US market return, following his previous imprisonment and fines for violations. Share this article President Trump’s family is negotiating a stake in Binance.US, a move that

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Rumble Acquires .1 Million In Bitcoin As Part Of Treasury Strategy

Rumble Acquires $17.1 Million In Bitcoin As Part Of Treasury Strategy

Rumble (NASDAQ: RUM), the video-sharing platform and cloud services provider, has announced the purchase of approximately 188 Bitcoin, valued at around $17.1 million, as part of its previously disclosed Bitcoin treasury strategy. Acquired at an average price of approximately $91,000 per coin, this purchase is a part of the company’s plan to allocate up to

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Binance secures b investment from Abu Dhabi sovereign wealth fund MGX

Binance secures $2b investment from Abu Dhabi sovereign wealth fund MGX

Binance has scored a massive $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund. The investment is Binance’s first institutional deal since Changpeng Zhao founded it in 2017. Binance, the world’s largest crypto exchange by trade volume, has secured a $2 billion investment from MGX, an Abu Dhabi-based sovereign wealth fund. Announced on

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Metaplanet Buys Up Another .2 Million in Bitcoin Amid Crypto Market Rebound

Metaplanet Buys Up Another $13.2 Million in Bitcoin Amid Crypto Market Rebound

Japanese investment firm Metaplanet Inc. has expanded its Bitcoin treasury to 3,050 BTC worth approximately $250 million, according to a March 12 regulatory filing. The Tokyo-based company acquired 162 additional Bitcoin for ¥2 billion ($13.3 million), further solidifying its position among global corporate Bitcoin holders. Metaplanet’s latest purchase comes as Bitcoin rebounded from a 24-hour

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ARK Invest’s Cathie Wood Predicts End of Rolling Recession Amid Looming AI-Driven Productivity

ARK Invest’s Cathie Wood Predicts End of Rolling Recession Amid Looming AI-Driven Productivity

Cathie Wood, the CEO of ARK Invest, believes the U.S. economy is nearing the end of what she calls a “rolling recession”—and is heading toward an unprecedented productivity boom fueled by artificial intelligence and other emerging technologies. Speaking in her podcast “In the Know“, Wood outlined a bullish vision where technological innovation drives real GDP

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Coinbase Receives Greenlight to Offer Crypto Trading in India

Coinbase Receives Greenlight to Offer Crypto Trading in India

Coinbase has secured approval to offer digital assets trading in India, bringing it a step closer to re-entering one of the world’s largest crypto markets.  The exchange is aiming to launch crypto trading services in India later this year, a company representative said Tuesday in a statement. Coinbase first planted roots in India in 2022,

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ChatGPT Maker OpenAI Inks B Deal With CoreWeave Ahead of Planned IPO

ChatGPT Maker OpenAI Inks $12B Deal With CoreWeave Ahead of Planned IPO

OpenAI has signed a five-year contract worth $11.9 billion with CoreWeave on Monday to deliver AI infrastructure used for training the ChatGPT maker’s models. The deal includes OpenAI receiving $350 million in CoreWeave stock linked to the cloud computing provider’s upcoming IPO. CoreWeave will not receive any proceeds from the share issuance to OpenAI, according

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Spain’s Second-Largest Bank BBVA To Offer Customers Bitcoin, Ethereum Trading

Spain’s Second-Largest Bank BBVA To Offer Customers Bitcoin, Ethereum Trading

Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA) will soon enable customers to buy, sell and manage Bitcoin and Ethereum transactions via its app. The service will initially be rolled out to “a small group of users” and gradually extended to all the bank’s private customers in Spain over the coming months. The move follows

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Binance Bans Market Maker Over ‘Misconduct’ With GPS, SHELL Tokens

Binance Bans Market Maker Over ‘Misconduct’ With GPS, SHELL Tokens

Global crypto exchange Binance has permanently banned a market maker involved in “misconduct” with GoPlus Security (GPS) and MyShell (SHELL) tokens, following an investigation into its actions. The exchange’s response involved offboarding the market maker and confiscating the proceeds from its noncompliant activities, according to a statement released Sunday. Binance plans to use these funds

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