OpenAI Closes $175 Million Startup Investment Fund

Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups. American artificial intelligence (AI) company OpenAI may have just closed an investment fund. According to a Securities and Exchange Commission (SEC) filing, the firm raised over $175 million. Reputed for being a frontrunner when … Read more

Crypto Investment Firm CoinShares Reports Highest Quarterly Earnings since Q1 2022

CoinShares maintains a cautious optimism going ahead amid a strong surge in the regulatory activity taking place in the crypto market. Popular crypto investment firm CoinShares recently published its first quarter earnings results for the year 2023 marking a strong turnaround in the company profits. Of course, this comes amid the strong bounce-back taking place … Read more

BlockFi Custodial Customers to Receive $300M in Repayment, While BIA Holders Risk Losing Investment to Company’s Creditors

A judge has approved repayment for BlockFi custodial wallet holders but said interest-bearing funds still belong to the bankrupt company.  BlockFi custodial wallet users could receive a massive $300 million repayment from the bankrupt digital asset lender. On Thursday, a New Jersey judge ruled that the assets locked in BlockFi’s custodial accounts belong to clients … Read more

Investment Bank H.C. Wainwright Believes Crypto Winter Is Over, Rates Coinbase Stock as ‘Buy’ 

Analysts at H.C. Wainwright have said that the crypto winter of 2022 ceases to have any bearing on related stocks.  H.C. Wainwright believes that the crypto winter is over and has called for a buy on Coinbase (NASDAQ: COIN) stock. According to the New York-based investment bank, Coinbase stands to benefit from global digital asset economy growth … Read more

21Shares and Cathy Wood’s Ark Investment Renew Bitcoin ETF Bid amid BTC Price Rebound

The new filing comes as cryptocurrencies, and risk assets in general, are in recovery after a bad 2022. Crypto exchange-traded-product issuer 21Shares and investment firm Ark Investment Management are once again trying to get a spot Bitcoin exchange-traded fund (ETF) approved. This comes after the United States Securities and Exchange Commission (SEC) rejected two previous … Read more