Author: GT

It has been nearly a month since U.S. President Donald Trump signed an executive order on March 6 to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile. The order called for the creation of two strategic crypto reserves with digital assets seized by authorities as part of criminal or civil asset forfeiture proceedings. As per the order, all federal agencies are required to disclose their holdings of Bitcoin and other cryptocurrencies to the Secretary of the Treasury within 30 days. It means that the Treasury Department and other federal agencies of the U.S. government will disclose their digital…

Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBCCircle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.The prospectus, filed with the SEC on Tuesday, lays the groundwork for Circle’s long-anticipated entry into the public markets.JPMorgan Chase and Citigroup are serving as lead underwriters, and the company is reportedly aiming for a valuation of up to $5 billion. It will trade under ticker symbol CRCL. It marks Circle’s second attempt at going public. A prior merger with a special purpose acquisition company (SPAC) collapsed in…

OpenAI has been accused by many parties of training its AI on copyrighted content sans permission. Now a new paper by an AI watchdog organization makes the serious accusation that the company increasingly relied on nonpublic books it didn’t license to train more sophisticated AI models. AI models are essentially complex prediction engines. Trained on a lot of data — books, movies, TV shows, and so on — they learn patterns and novel ways to extrapolate from a simple prompt. When a model “writes” an essay on a Greek tragedy or “draws” Ghibli-style images, it’s simply pulling from its vast…

OpenAI has been accused by many parties of training its AI on copyrighted content sans permission. Now a new paper by an AI watchdog organization makes the serious accusation that the company increasingly relied on nonpublic books it didn’t license to train more sophisticated AI models. AI models are essentially complex prediction engines. Trained on a lot of data — books, movies, TV shows, and so on — they learn patterns and novel ways to extrapolate from a simple prompt. When a model “writes” an essay on a Greek tragedy or “draws” Ghibli-style images, it’s simply pulling from its vast…

MENLO PARK, Calif. (AP) — The head of Meta’s artificial intelligence research division said she plans to step down, vacating a high-profile position at a time of intense competition in the development of AI technology. Joelle Pineau, Meta’s vice president for AI research, said Tuesday she is leaving at the end of May after eight years with the company.“Today, as the world undergoes significant change, as the race for AI accelerates, and as Meta prepares for its next chapter, it is time to create space for others to pursue the work,” she wrote in a social media post.Meta — the…

Bitcoin rebounded from its downward spiral on Apr. 1 as crypto traders are preparing to face the Liberation Day. On Apr. 2, dubbed the “Liberation Day,” President Donald Trump will levy “reciprocal tariffs” on several countries. While the traders are anxious about the impact of the tariff war on the crypto markets, a leading analyst believes, “Liberation day will be good for Bitcoin.” Mathematician and The Big Bitcoin Book author Fred Krueger wrote on X (formerly Twitter) on Apr. 1 that investing in “transportable Digital Gold is a no brainer” in a tariff world. Krueger also weighed in on the Bitcoin…

The Hims app arranged on a smartphone in New York on Feb. 12, 2025.Gabby Jones | Bloomberg | Getty ImagesHims & Hers Health shares closed up 5% on Tuesday after the company announced patients can access Eli Lilly’s weight loss medication Zepbound and diabetes drug Mounjaro, as well as the generic injection liraglutide, through its platform.Zepbound, Mounjaro and liraglutide are part of the class of weight loss medications called GLP-1s, which have exploded in popularity in recent years. Hims & Hers launched a weight loss program in late 2023, but its GLP-1 offerings have evolved as the company has contended…

Recently very shaky risk assets — crypto among them — are attempting a rally on Tuesday, perhaps. buoyed by chatter that Donald Trump’s tariffs won’t be as stringent as feared. In early afternoon U.S. action, bitcoin (BTC) had climbed to just above $85,000, ahead 2.1% over the past 24 hours. Previously really roughed up crypto majors like ether (ETH), dogecoin (DOGE) and cardano (ADA) had put in gains of roughly twice that amount. Crypto stocks are also performing well, with bitcoin miners Core Scientific (CORZ) and CleanSpark (CLSK) jumping almost 10% on the day. Strategy (MSTR) is up 5.4% and…

The Trump administration is poised to impose steep tariffs on countries that import oil from Venezuela on Wednesday, in an unprecedented move that analysts say will significantly increase global trade uncertainty.President Donald Trump said last week any country that buys oil from Venezuela will face 25% “secondary tariffs” on all of its trade with the United States. Trump said in a Truth Social post that the levies go into effect on April 2, though his executive order leaves the implementation to Secretary of State Marco Rubio’s discretion.”If they buy their oil from Venezuela, they have to pay a 25% tariff…

Encrypted messaging app Signal continues to see spiking downloads in the wake of the messaging scandal that saw The Atlantic’s editor-in-chief Jeffrey Goldberg added to a group chat where high-ranking officials in the Trump administration were discussing an attack on Houthi rebels in Yemen. The resulting press coverage around the leak of these sensitive plans has been driving more people to check out Signal’s app for the first time, leading to a doubling of its downloads. According to app intelligence provider Appfigures, downloads rose by 26% on the day the news broke, an indication that users were curious about the…