Crypto News
NVIDIA and Alphabet Join Forces to Revolutionize AI and Robotics
NVIDIA, Alphabet, and Google collaborate to advance AI, focusing on robotics, drug discovery, and energy grids, leveraging NVIDIA's platforms and Google's cloud infrastructure. (Read More)Source link
Ark Invest’s Cathie Wood Says She Wants To Bring Company’s Funds On-Chain
Ark Invest CEO Cathie Wood, one of the earliest traditional financial investors in crypto, hopes to bring some of her company’s funds on-chain once the regulatory landscape allows companies in the U.S. to do so.“We think tokenization is going to be huge,” Wood said at the Digital Asset Summit in New York on Tuesday. “We’d love to be able to tokenize our Venture Fund (ARKVX) or our Revolution Fund.”“I think the regulations are starting to open up in a way that will allow us to do that. So we'd like to seize the moment,” she added.U.S. regulators have yet to provide a clear framework and rules for registering security tokens, making it difficult for entities like Ark to launch...
Coinbase Gets a ‘Buy’ Rating From Bernstein as Trump’s Crypto Policies Take Shape
The investment firm placed a target of $310, a 69% upside, on the crypto exchange giant’s stock.Source link
Elon Musk Reveals Government Has ‘Magic Money Computers’ Printing Trillions out of Thin Air
As part of DOGE’s crusade to curb waste and fraud, Musk noted he found around 14 “magic money computers” that can print money out of thin air to make federal payments without any coordination, placing the problems of fiat currency in the spotlight. DOGE Head Elon Musk Discloses Existence of ‘Magic Money Computers’ Elon Musk,Source link
Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters
Financial technology and crypto firms are applying for state or national bank charters, aiming to expand their business under the more crypto-friendly Trump administration as industry executives report a notable uptick in charter discussions and applications, Reuters reports."We have seen a lot more interest. We are working on several applications now," Alexandra Steinberg Barrage, a partner at law firm Troutman Pepper Locke, told Reuters. However, firms are being “cautiously optimistic” as regulatory agency leadership changes unfold.Becoming a bank brings stricter regulatory oversight, but it can reduce borrowing costs and enhance legitimacy. Bank charters allow firms to lower their cost of capital by accepting deposits, yet accessing these is a major point of contention in the crypto community.Various cryptocurrency firms have,...