OpenAI Trails Anthropic: Losses Deepen, Altman Pauses AI
OpenAI Trails Anthropic as Bigger Losses Point to a Shift in AI OpenAI grew second-quarter revenue by 18% to $6.7 billion. The operating loss widened to $12.3 billion. Meanwhile, Anthropic passed it with $11.6 billion in revenue. That is not a small headline. I’ll be honest: investors ma ...
Canaan Pauses Ethiopia Mining: 35% Hashes Lost in July
Canaan's Ethiopia Pause: A Red Flag for Crypto Mining Transparency Canaan's July figures put 4.96 EH/s of paused Ethiopian capacity inside a global operating total of 14.24 EH/s. That is almost 35% of the figure shown to investors. Nearly a third. The gap between reported capacity and m ...
XRP Slips Below $1: Korean Bank Adopts Ripple Payments
XRP slips below $1 as Korean bank adopts Ripple Payments "Ripple's institutional deals and XRP's price are telling different stories." XRP fell below $1 on Tuesday, down more than 1%, even after a Korean regional bank adopted Ripple Payments. I’ll be honest: that disconn ...
Popular Memecoin Platform Ceases Operations: Funding Crisis!
Memecoin platform Printr shuts down as funding dries up Printr, a memecoin platform, will shut down on August 31 after spending three months trying to find a way to keep operating. The team blamed "current market conditions, insufficient funding, and lack of distribution support." My ta ...
OCC Approves Trump Family Crypto Company for Trust Charter
OCC approves Trump family crypto firm, putting digital asset oversight to the test The US Office of the Comptroller of the Currency (OCC) has conditionally approved World Liberty Financial's application for a national trust bank. That is a big step for the company—and an awkward one for ...
CZ Keeps Wallet Open, Donates BNB & Altcoin! Why?
CZ's Wallet Saga: BNB Donation Signals Adoption, Not Exit "Binance Founder CZ Decides Against Closing His Crypto Wallet and Donates BNB and This Altcoin! Here's Why" covers Changpeng Zhao's decision to keep his personal crypto wallet open while donating a large batch of tokens. ...
Robert Kiyosaki Eyes $10K Gold, $200 Silver Amid US Debt Crisis
Kiyosaki's $10K Gold, $200 Silver Call: A Macro Warning for Crypto Robert Kiyosaki's latest gold and silver forecasts start with one hard number: US public debt is nearing $40 trillion. In an August 15 post on X, he gave the targets plainly: $10,000 for gold and $200 for silver. Extreme? ...
Big XRP Week Ahead? Ripple CEO in Wyoming!
Ripple CEO's Wyoming appearance could test XRP's regulatory outlook Ripple CEO Brad Garlinghouse will speak at the Wyoming Blockchain Symposium, bringing XRP back into the regulatory discussion. The invite-only event runs from August 17 to 20 in Jackson Hole. Policymake ...
$51M Seized: Regulators Target Goliath CEO Delgado
Goliath CEO's $51M spending spree: Regulators clamp down on crypto Two major US financial regulators are pursuing Goliath Ventures and its CEO, Christopher Alexander Delgado, over an alleged crypto Ponzi scheme. Their complaints say at least $51 million went toward personal expenses: hom ...
Ukraine & Bitcoin Mining: Rebuilding Post-War?
Ukraine's reconstruction: can bitcoin mining help fund a $588 billion rebuild? Ukraine's post-war reconstruction may cost nearly $588 billion over ten years. Bitcoin mining will not pay for it. I'll be honest: that headline promise is too big. A recent analysis points to ...
