• Aug 15, 2024

Steadfast US Consumer, Job Market Allay Concerns About Economy

(Bloomberg) -- Fresh readings on retail spending and unemployment benefits quelled some of the restiveness about the US economy, parts of which remain restrained by elevated interest rates.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitThe value of

• Aug 15, 2024

Capula, Schonfeld, Point72 Among Hedge Funds Riding Bitcoin ETFs

(Bloomberg) -- Hedge funds, pensions and banks continued to lavish capital into exchange-traded funds that invest directly in Bitcoin, as more traditional investors embrace the asset class that US regulators begrudgingly helped push into the mainstream at the beginning of the year.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million

• Aug 15, 2024

South Korea’s Public Pension Fund Invests $34 Millon in MicroStrategy

South Korea's National Pension Service (NPS) has revealed investments in cryptocurrency-related companies with a multi-million dollar purchase of MicroStrategy stock. According to a recent filing. South Korea’s national pension fund acquired shares in MicroStrategy (MSTR), a company known for its substantial Bitcoin holdings. The NPS purchased 24,500 shares of MicroStrategy in the second quarter of 2023, at an average price of $1,377.48 per share. This investment, totaling nearly $34 million, p...

• Aug 15, 2024

Bernstein Rates Multiple Bitcoin Mining Stocks ‘Outperform’

Investment firm Bernstein has issued an outperform rating on Bitcoin (BTC) mining stocks Riot Platforms (RIOT), CleanSpark (CLSK), Iris Energy (IREN) and Core Scientific (CORZ), while rating Marathon Digital Holdings (MARA) as market-perform. For Riot Platforms (RIOT), Bernstein highlighted its significant operational power capacity and expansion plans. "RIOT has a mega 1GW site at Corsicana, Texas being energised over 2024-25," the report states. Additionally, Riot recently acquired Block minin...

• Aug 15, 2024

Deepfake AI ‘Undress’ Porn Sites Sued in California Court

The city of San Francisco has filed a sweeping lawsuit against 18 websites and apps that generate unauthorized, deepfake nudes of unsuspecting victims on Thursday. The complaint—published with the plaintiffs’ service names redacted—targets the “proliferation of websites and apps that offer to ‘undress’ or ‘nudify’ women and girls.” It asserts that collectively, the sites have been visited over 200 million times in the first six months of 2024. “This investigation has taken us to the darkest corn...

• Aug 15, 2024

Franklin Templeton Files for New ‘EZPZ’ Bitcoin and Ethereum ETF

Top asset manager Franklin Templeton has filed to offer a new exchange-traded fund (ETF) that, if approved, would give investors exposure to a basket of crypto funds. The Franklin Crypto Index ETF, under the ticker EZPZ, would give exposure to digital assets included in the CF Institutional Digital Asset Index—an index from CF Benchmarks, which provides data to firms on cryptocurrencies.  It would initially hold Bitcoin and Ethereum, a Friday filing with the Securities and Exchange Commission (S...

• Aug 15, 2024

Google Unleashes Imagen 3, Heating Up the AI Image Generator Race

Google is putting the icing on the cake for a busy week in the generative AI space with the launch of Imagen 3, its brand-new text-to-image model. This release builds upon the success of Imagen 2, introduced in December 2023, which already rivaled industry heavyweights like Dall-E 3 and MidJourney v5. Imagen 3, originally announced in May, boasts enhanced capabilities in understanding and executing complex prompts, generating images with improved details, and better prompt adherence compared to...

• Aug 15, 2024

Ethereum Gaming Arcade BSMNT Launches on Base Network B3.Fun

Web-based crypto arcade BSMNT (aka "Basement") debuted on Thursday alongside the launch of a new gaming network called B3.fun—and both are built on top of Coinbase’s Ethereum layer-2 network Base as the chain starts to welcome more gaming activity. With crypto-fied riffs on massively popular Web2 games like brick-breaker Breakout and Crossy Road, as well as established Web3 games like Nifty Island and Mighty Action Heroes, BSMNT players are invited to connect their wallet before “minting” the ga...

• Aug 15, 2024

Mastercard Is Betting on Crypto—But Not Stablecoins

Mastercard is all-in on blockchain. Earlier this week, the payments giant launched a debit card with MetaMask that allows holders to spend self-custodied tokens at any store or site where Mastercard is accepted (see: almost everywhere).   “We’re opening up this crypto purchase power to our 100 million-plus acceptance locations,” Raj Dhamodharan, Mastercard's head of crypto and blockchain, told Decrypt. “If consumers want to buy into it, if they want to be able to use it, we want to enable that—i...

• Aug 15, 2024

Trump Taps Bitcoin, Tether Bull Howard Lutnick for Transition Team

Former U.S. President Donald Trump has named Cantor Fitzgerald CEO Howard Lutnick as co-chair of his transition team ahead of the presidential election in November—and Lutnick is a big Bitcoin bull. Trump's campaign made the announcement Friday, also noting that Linda McMahon—the former administrator of the Small Business Administration—would serve as co-chair alongside Lutnick. Vice Presidential candidate J.D. Vance will serve as an honorary chair alongside Trump's sons Eric and Donald Jr. Tran...