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Bitcoin Treasury Sequans Sells $100 Million in BTC to Pay Down Debt

Sequans, a French semiconductor firm traded on the NYSE, recently announced the sale of 970 Bitcoin from its treasury for $100 million to reduce debt. This sale came just four months after the company began acquiring Bitcoin, reducing its holdings from 3,234 BTC to 2,264 BTC, now valued

Crypto Liquidations Top $2 Billion as Bitcoin Continues Slide, Ethereum Hits 4-Month Low

Total cryptocurrency liquidations surged past $2 billion, spurred largely by a significant drop in Bitcoin and Ethereum prices. Bitcoin fell below $100,000 for the first time in six months, dropping to around $99,000 before a slight recovery. This marked a decline of over 10% within the week and

Amazon Sends Cease-and-Desist to Perplexity Over AI Agent Purchases

Amazon has issued a cease-and-desist letter to Perplexity AI regarding its Comet web browser, claiming it violates terms by disguising bots as human shoppers. Amazon alleges that this practice undermines the shopping experience and raises privacy risks by acting on behalf of users without appropriate disclosure. Perplexity has dismissed these

US Treasury Sanctions Web of North Korean Bankers Tied to Global Crypto Crime Operation

The U.S. Treasury has sanctioned eight North Korean bankers along with two companies and 53 crypto wallets for laundering cryptocurrency used to finance North Korea's weapons programs. These bankers, primarily located in China and Russia, facilitated the concealment of funds from various ransomware attacks and crypto thefts,

Inside the Deposition That Showed How OpenAI Nearly Destroyed Itself

In a recent deposition, OpenAI co-founder Ilya Sutskever revealed a tumultuous period within the organization, marked by panic and unverified claims. This 10-hour testimony was part of the Musk v. Altman lawsuit, which questions OpenAI's shift from a nonprofit focus to a profit-driven entity aligned with Microsoft. Sutskever

Inside the Deposition That Showed How OpenAI Nearly Destroyed Itself

A recent deposition from OpenAI co-founder Ilya Sutskever, related to the Musk v. Altman lawsuit, highlights significant governance issues within OpenAI that nearly led to its demise. Sutskever revealed he had been contemplating the removal of CEO Sam Altman for over a year, waiting for favorable board dynamics. His testimony

Gemini Moves Toward Prediction Markets in Bid to Broaden Its Business

Gemini is preparing to expand into prediction markets by filing for approval to operate 'Gemini Titan', a designated contract market for federally regulated event contracts. This move comes at a time when the prediction market sector has seen significant growth, achieving a trading volume of $2 billion per