Elon Musk once backed a $10 billion OpenAI ICO, internal notes show
Internal OpenAI call notes show Elon Musk agreed to explore an ICO with a for-profit arm in early 2018, but later dropped the idea and exited the organization.
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‘SavingsCoin’ Buck (BUCK) aims for 7% yield, backed by Strategy shares
Cayman Islands-registered Buck Labs has introduced the “BUCK” crypto token, positioning it as a yield-bearing “savings coin” aimed at users seeking returns on dollar-denominated crypto holdings without relying on traditional stablecoins. The token is backed by shares in Strategy (MSTR) shares, the largest corporate holder… Read More
Uniswap’s UNI token burn, protocol fee ‘UNIfication’ proposal backed overwhelmingly by voters
Uniswap Labs’ and Uniswap Foundation’s “UNIfication” proposal to activate protocol fees for the largest decentralized exchange in crypto and burn millions of UNI received overwhelming support from voters, transforming the token from a purely governance mechanism into a value-accruing asset. The proposal received more than… Read More
Kraken Scores $800M Raise Backed by $200M Citadel Securities Investment
Crypto exchange Kraken has raised $800 million in fresh funding, including $200 from investment from Citadel Securities, to accelerate its efforts to bring traditional financial markets onto blockchain infrastructure, the company said Tuesday. The round was split across two tranches, with the main one led… Read More