ChatGPT-maker OpenAI has abandoned plans to become a for-profit company and reaffirmed commitment to its nonprofit status. In a May 5 blog post, OpenAI confirmed plans to convert its for-profit business unit into a so-called Public Benefit Corporation (PBC), which would remain under the nonprofit’s control. PBCs are for-profit companies that are legally obligated to … Read more
DeFi Development Corp. (Nasdaq: DFDV), a real-estate software firm and Solana-focused treasury company, announced Monday it has agreed to acquire a Solana validator business with an average delegated stake of 500,000 SOL ($75.5 million) for $3.5 million. $3.5M Deal: DeFi Development Corp. Bolsters Solana Treasury Strategy The deal, according to the release published on Monday, … Read more
Kenson Investments is excited to announce the launch of its new Investment Insights Hub, a comprehensive resource designed to keep clients informed about the latest market trends and analysis. This initiative underscores Kenson Investments’ commitment to providing clients with the tools and knowledge they need to navigate the ever-changing financial landscape confidently. In today’s fast-paced … Read more
The Securities and Exchange Commission’s (SEC) enforcement approach on crypto firms has left a lasting “regulatory overhang” within the industry, according to Devin Finzer, co-founder and CEO of OpenSea. Speaking to Cointelegraph, Finzer said that during Biden’s administration the agency unfairly targeted good actors in the crypto space, including OpenSea. “There’s all sorts of digital … Read more
Binance, the world’s largest cryptocurrency exchange, announced its new Launchpool project. Accordingly, Binance announced that it has finally chosen the altcoin called Space and Time (SXT) for Launchpool. “Binance is excited to announce the 69th project on Binance Launchpool. This is Space and Time (SXT), a Microsoft-backed blockchain for proven data by ZK. Users will … Read more
US President Donald Trump’s crypto businesses are drawing increased scrutiny on Capitol Hill and beginning to influence the progress of US digital asset legislation. As Republican lawmakers in the US House of Representatives unveiled their draft of a digital asset market structure bill on May 5, Democrats prepared for a united response to Donald Trump’s … Read more
XRP has seen positive investment inflows over the past week as the overall cryptocurrency market experiences its third consecutive week of inflows. The latest XRP inflows follow several weeks of positive performance for Ripple coin, which had recorded $31.6 million in inflows the previous week. XRP sees close to $11 million in inflows According to … Read more
Key takeaways: Bitcoin price slips, but BTC dominance is on the rise. Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin. Bitcoin’s (BTC) price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite showing resilience at the $94,000 level on May … Read more
In brief The Trezor Safe 5 is the hardware wallet manufacturer’s latest flagship model. Features include a touchscreen, EAL 6+ Secure Element, PIN and passphrase protection. Its simple design makes it ideal for crypto newbies. Trezor is one of the more well-established names in the crypto hardware wallet space, and the latest iteration of its … Read more
The United States Department of the Treasury has sanctioned a Myanmar militia group known as the Karen National Army (KNA), accusing it of crypto-related scams and other criminal activities. According to a May 5 press release issued by the agency, the Karen National Army has been orchestrating a variety of crypto scams, including the infamous … Read more