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Elon Musk’s xAI Secures $6 Billion To Compete With ChatGPT


On May 26, Elon Musk's AI business, xAI, completed a successful $6 billion Series B fundraising round. Saudi billionaire Prince Alwaleed Bin Talal, Sequoia Capital, Andreessen Horowitz, and Vy Capital were among the participants in the most recent Series B investment. The post Elon Musk’s...

U.S. Credit Unions Adopt Tokenization of Real World Assets


Credit Unions in the U.S. are starting to use blockchain and tokenization to automate business processes, but regulatory challenges remain. The post U.S. Credit Unions Adopt Tokenization of Real World Assets appeared first on Cryptonews

Hong Kong’s PCPD orders Worldcoin to wind up its business


The Office of the Principal Commissioner for Personal Data (PCPD) has ordered Worldcoin to close its doors owing to the ongoing investigation into the company, which began in early 2024. Interestingly, Worldcoin is a crypto exercise that was co-founded by Sam Altma, the CEO of OpenAI.  In early...

Crypto Exchange Bitget Appoints Gracy Chen as CEO


Cryptocurrency derivatives trading platform Bitget has promoted Gracy Chen as its new CEO taking over from Sandra Lou, who is moving on to pursue other business goals. The post Crypto Exchange Bitget Appoints Gracy Chen as CEO appeared first on Cryptonews

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