Crypto News
OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized
Tokenized equity offerings for OpenAI being offered to Robinhood users in Europe are not officially authorized by the company, the AI giant said in a social media post."These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it," OpenAI posted on X. "Any transfer of OpenAI equity requires our approval — we did not approve any transfer."Earlier this week, Robinhood announced it was launching tokenized stock trading based on the Arbitrum blockchain to its users in Europe. As CoinDesk reported earlier, users will have access to 200 equities and ETFs, as well as a secondary market for equity in hot startups like OpenAI and SpaceX.The idea of tokenized...
Congress Urged to Investigate Fed Chair Over $2.5B Scandal
Fed Chair Jerome Powell is at the center of a spiraling scandal as Congress faces mounting pressure to launch a full-scale investigation into a $2.5 billion Fed project meltdown. $2.5B Federal Reserve Project Sparks Allegations of Deception and Mismanagement Accusations of fiscal mismanagement and alleged deception have intensified scrutiny of Federal Reserve Chair Jerome Powell,Source link
Solana Staking ETF Bags $12M in Wall Street Debut
The SEC is expected to approve several Solana-focused ETFs this year, but the Rex-Osprey Solana + Staking ETF is the first in the U.S.Source link
NY Bankruptcy Judge Gives Celsius the Green Light to Pursue $4.3B Lawsuit Against Tether
A New York bankruptcy court has given Celsius the go-ahead to pursue the bulk of its $4 billion lawsuit against stablecoin issuer Tether, according to a recent court filing.The bankrupt crypto lender filed suit against Tether last year, alleging that Tether improperly liquidated nearly 40,000 bitcoins — worth over $4.3 billion at today’s prices — that it was holding as loan collateral in June 2022, shortly before Celsius halted withdrawals. In their suit, Celsius’ lawyers argued that Tether didn’t give Celsius enough time to satisfy its collateral demands, which they claimed it had “sufficient Bitcoin on its balance sheet” to do so “given that Celsius had instituted a ‘pause’ on customer withdrawals … resulting in the retention of, and access to,...
Peter Thiel, Tech Billionaires to Form Bank for Crypto, AI Startups
The proposed bank, called Ererbor, will service firms in crypto, defense, AI and other sectors that have historically been barred from working with more traditional financial institutions. Source link