Author: GT

It was a dreadful week for the stock market, with the S&P 500 falling more than 6% over the last five days. That didn’t help Bitcoin, but the original cryptocurrency fared better than the wider market, rising over 1% in the same period. The Nasdaq had one of its largest falls in 25 years Thursday, but bitcoin held relatively steady (CoinDesk’s James Van Straten reported) even if now it’s nowhere near the highs above 100,000 that we saw at the beginning of the year. The big question for bitcoin amid market uncertainty is whether it’s seen as a risk asset…

StrictlyVC is crossing the Atlantic! On May 13, London will play host to an exclusive StrictlyVC evening, delivering the same high-caliber VC insider content that has made these events a must-attend for investors and startup leaders alike. If you’re a venture capitalist or founder looking to exchange insights with peers and dive into powerful, no-filter conversations over wine and canapés, this event is for you. StrictlyVC is known for hosting in-depth discussions with some of the biggest names in venture, tech, and entrepreneurship — including past guest speakers like: Sam Altman, CEO of OpenAI. Marc Andreessen, co-founder of Andreessen Horowitz.…

In a wide-ranging conversation on TheStreet Roundtable, Jeff Booth, founding partner at Ego Death Capital and author of The Price of Tomorrow, laid out a thesis stating that Bitcoin isn’t just a currency or a technology — it’s the next foundational protocol layer of the global internet. “People get confused on Bitcoin,” Booth said. “They think it is a technology… But protocols are different. Protocols are like the internet. TCP/IP came in layers. Bitcoin is the same — it’s a base layer that sacrificed scalability for decentralization and security.” According to Booth, Bitcoin’s architecture mirrors the early internet. The base…

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to-video model Sora. OpenAI also faced its share of internal drama, including the notable exits of high-level execs like co-founder and longtime chief…

After a frustrating few weeks in which bitcoin (BTC) prices seemed to move tick for tick with the Nasdaq, the world’s largest crypto is showing some signs of going its own way as stock prices go from struggling to plunging. With the Nasdaq following up its 6% tumble on Thursday with another 5% decline halfway through the day on Friday, the price of bitcoin is holding at around $83,000. That’s about 1% higher over the past 24 hours and lower by just 3.5% since President Trump announced his tariff package on Wednesday evening. Bitcoin is also greatly outperforming crypto-related stock…

The Trump administration has fired Timothy Haugh, the head of the National Security Agency (NSA) and Cyber Command, several news publications reported overnight into Friday.  Haugh, a career military official, led the National Security Agency, the U.S.’s main wiretapping and intelligence-gathering agency, for little more than a year after his appointment in February 2024 following his predecessor’s retirement. Haugh also oversaw Cyber Command, a military unit that conducts offensive cyber operations against U.S. adversaries. The Washington Post, which first reported the news, and The New York Times, said the firings come after right-wing activist Laura Loomer advocated for Haugh’s firing…

A pro-Palestinian protest by Microsoft employees interrupted the company’s 50th anniversary celebration Friday, the latest backlash over the tech industry’s work to supply artificial intelligence technology to the Israeli military.The protest happened as Microsoft AI CEO Mustafa Suleyman was presenting product updates and a long-term vision for the company’s AI assistant product, Copilot, to an audience that included Microsoft co-founder Bill Gates and former CEO Steve Ballmer. “Mustafa, shame on you,” shouted Microsoft employee Ibtihal Aboussad as she walked toward the stage and Suleyman paused his speech. “You claim that you care about using AI for good but Microsoft sells…

After U.S. President Donald Trump’s reelection in November, optimism surged among crypto companies eyeing the public markets. Trump floated big promises: clearer rules for the industry and ambitions to make America the crypto capital of the world. For a moment, it looked like the floodgates might open. IPO pipelines buzzed with activity. Founders dreamed of ringing the opening bell. But beneath the surface, storm clouds were gathering. A bull market is the lifeblood of successful listings, and few foresaw just how rocky the road ahead would become. Circle didn’t wait for perfect conditions. After years of false starts and regulatory…

Tesla trade-ins in the U.S. are at an all time high as some owners become disillusioned with Elon Musk’s politics, and some just want to avoid their car getting keyed by Musk haters.  Automakers are pouncing on the opportunity. Polestar, Lucid Motors, Volvo, and Ford — which have long trailed Tesla in EV sales — have taken advantage of the pushback against the brand by releasing conquest bonuses and incentives that challenge a buyer’s brand loyalty. Shortly after Polestar began offering its $5,000 discount, the automaker’s head of sales, Jordan Hofmann, said the bonus was already a success.  “This week…

Yuriko Nakao / Getty Images Bitcoin prices rose slightly Friday, offering a measure of respite after falling in the wake of this week’s tariff news. Shares of some crypto-related stocks continued to slide, including Robinhood Markets and Coinbase Global. Shares of Strategy were higher in recent trading. Bitcoin remains well below the six-figure prices it enjoyed in February, when investors were optimistic that cryptocurrency would fare well under Trump. Bitcoin prices ticked up Friday, reversing a slide that began when new tariffs were unveiled earlier this week. Prices for the leading cryptocurrency crept toward $84,000, after sinking below $81,500 Thursday.…