Richard Teng, chief executive officer of Binance, during the DC Blockchain Summit in Washington, DC, U.S., on Wednesday, March 26, 2025. Bloomberg | Bloomberg | Getty Images Binance CEO Richard Teng has dismissed claims that the cryptocurrency exchange helped boost a Trump-backed stablecoin before former CEO Changpeng Zhao received a presidential pardon. The claims in…
President Donald Trump has pardoned Binance founder Changpeng Zhao, who had previously pleaded guilty to enabling money laundering while heading the cryptocurrency exchange, the White House said Thursday. The pardon of Zhao, widely known as CZ, came two months after The Wall Street Journal reported that the Trump family’s own crypto venture, which has generated…
Dario Amodei, co-founder and chief executive officer of Anthropic, at the World Economic Forum in 2025. Stefan Wermuth | Bloomberg | Getty Images Artificial intelligence startup Anthropic is doing all it can to keep pace with larger rival OpenAI, which is spending money at a historic pace with backing from Microsoft and Nvidia. Of late,…
FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic | Reuters Paxos, the blockchain partner of PayPal, mistakenly minted $300 trillion of the online payment giant’s stablecoin on Wednesday in what the company called a “technical error.” Market watchers had spotted…
Sam Altman didn’t set out to compete with Nvidia. OpenAI began with a simple bet that better ideas, not better infrastructure, would unlock artificial general intelligence. But that view shifted years ago, as Altman realized that more compute, or processing power, meant more capability — and ultimately, more dominance. On Monday morning, he unveiled his…
The Department of Justice has seized about $15 billion worth of bitcoin held by a man who oversaw a massive “pig butchering” fraud operation based in Cambodia, prosecutors said Tuesday. The seizure is the largest forfeiture action by the DOJ in history. An indictment charging the alleged pig butcher, Chen Zhi, was unsealed Tuesday in…
BlackRock is seeing a shift among Big Tech investors. Jay Jacobs, the firm’s U.S. head of equity ETFs, finds they’re going for targeted themes like artificial intelligence. “One of the biggest trades we’re seeing this year is simply people leaving the traditional tech sector and getting more granular into AI-specific ETFs, like BAI [the iShares…
BVNK co-founders (L to R) Donald Jackson, Jesse Hemson-Struthers and Chris Harmes, at the company’s San Francisco Office. BVNK Citi has invested in stablecoin infrastructure company BVNK, the startup told CNBC on Thursday, as big U.S. banks ramp up their presence in the cryptocurrency and digital asset space. Stablecoins are a type of digital asset…
Sam Altman, chief executive officer of OpenAI, left, and Lisa Su, chair and chief executive officer of Advanced Micro Devices, arrive for a Senate Commerce, Science, and Transportation Committee hearing in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty Images OpenAI and Advanced Micro Devices have reached a deal…
Fresh off a $6.6 billion share sale that made it the world’s most valuable private company, OpenAI’s TikTok-style video app, powered by its new artificial intelligence model, Sora 2, is going viral. Despite the gated release that requires an invite code, the video creation tool has already shot to the number three spot on Apple‘s…
