money / 85 posts found
Apple Acquires Rights to Sam Bankman-Fried Book for $5M
Apple has reportedly acquired the rights to a book that tells the story of the disgraced FTX founder, Sam Bankman-Fried (SBF), according to an initial report from The Ankler. The upcoming book, “Going Infinite: The Rise and Fall of a New Tycoon,” will be authored by Big Short author Michael Lewis in a literary rights acquisition worth approximately $5 million. SBF was first arrested in December 2022 following the collapse of FTX. The Ankler first broke this news back in November 2022, revealing that Lewis had been part of an “old-school Hollywood bidding war” for the then-unwritten book as FTX’s […]
Visa Taps Solana to Enhance Cross-Border Payments
Visa announced its next steps in modernizing cross-border money movement on September 5 by extending its stablecoin settlement capabilities to the Solana blockchain. In doing this, Visa is working directly with merchant acquirers Worldpay and Nuvei to enhance the efficiency and speed of settlement processes for merchants worldwide to help optimize the often unseen process of transferring funds between banks – specifically, from the issuer’s bank to the acquirer’s bank. As a world leader in digital payments, Visa facilitates transactions across more than 200 countries and territories – spanning consumers, merchants, financial institutions, and government entities. By leveraging Visa’s own […]
Solana Pay Joins Shopify as New Payment Method
Shopify will now be integrating Solana Pay as its newest Web3-native payment solution that will allow merchants to have real-time access to their money while enhancing their digital storefront’s capital, liquidity, and liability protection – with no middleman or intermediary involved. Solana Pay is the brainchild of the San Francisco-based tech company Solana Labs that is built on its decentralized Solana network. Known for its high transaction speeds (no waiting for clearinghouses), near-zero fees, and sustainability, Solana Pay has become an industry-preferred tool for helping companies like Shopify scale their businesses to integrate Web3-native payment solutions to provide a better […]
For Kuwait, It’s a Hard “No” On Most Crypto Assets
The State of Kuwait has taken a firm, definitive stance in the global debate surrounding the legitimacy and regulation of digital assets such as cryptocurrency. The nation’s primary financial regulator, the Capital Markets Authority (CMA), has announced a comprehensive ban on most crypto operations within its borders. The announcement, made on July 18, indicates that Kuwait is joining a growing list of countries that are exercising caution in the face of the rapidly evolving digital currency landscape. The CMA’s directive explicitly prohibits a wide range of activities, including cryptocurrency payments, investments, and the energy-intensive process of mining. “Driven by speculation” […]
OpenAI to Train Models on Associated Press News Content
In the wake of news that OpenAI is being sued by a group of authors for copyright infringement and that the ChatGPT creator faces an investigation from the Federal Trade Commission, the AI research lab and The Associated Press (AP) have announced a collaborative agreement to explore the potential applications of generative AI in news products and services. The partnership will see the two organizations sharing select news content and technology, with OpenAI gaining access to select content from the publisher going back to 1985. Under the terms of the agreement, OpenAI will license a portion of AP’s text archive, […]
Twitter Ad Revenue Sharing: 5 Ways to Unlock Your Potential as a Web3 Creator
Twitter has officially rolled out its new monetization strategy specifically tailored for its creators. Users from Web3 and beyond are already reaping benefits from this initiative, with some even sharing that they’ve earned tens of thousands of dollars. Elon Musk shared in a tweet earlier in June that the first block payment totaled $5M. Through ad revenue sharing with Twitter, this is a new avenue for creators to profit from their content. With monetary incentives now available, a growing number of users are crafting strategic plans to optimize their earnings from this unique prospect. Here’s what you need to know […]
XRP Ruled ‘Not a Security’ in Partial Win for Ripple Labs
In a ruling that could help shape the future of cryptocurrency regulation in the United States, U.S. federal judge Analisa Torres has delivered a mixed verdict in the case between the Securities and Exchange Commission (SEC) and San Francisco-based blockchain firm Ripple Labs. The lawsuit, which has been closely watched by the crypto industry, centered on whether Ripple’s XRP token constituted an unregistered security offering. The court ruled that, while Ripple’s institutional sales of XRP did indeed constitute an unregistered securities offering, its sales of the token on exchanges did not. The decision — which comes after a three-year legal […]
An AI-Generated Nude Just Sold for $340,000. So, Why Are People Angry?
With all the developments in AI art in the last year taking up so much of the public awareness, it can be easy to forget that the movement has roots that reach back far before Stable Diffusion or Midjourney arrived on the scene. Robbie Barrat, for example, is a household name in the artificial intelligence and generative art universe and also represents an important part of crypto art history. Having experimented with machine learning and GANs (generative adversarial networks) since 2018, Barrat’s early explorations led him to produce a series of 300 AI-generated nude art portraits that have since become […]
Could Blur Token Farming Tank the NFT Market?
Few entities have shaken up the Web3 landscape as much as the NFT marketplace and aggregator Blur has in the last year. In November of 2022, it began to consistently rival OpenSea, the previously undisputed NFT marketplace champion of the past six years. By February 2023, it had left the platform in the dust, outpacing OpenSea by as much as $400,000,000 in weekly trading volume. Blur owes its success to a few things; it addressed a major gap in the market by providing a frictionless way to trade NFTs in large numbers via a no-frills interface featuring tools that appealed […]
Blockchain Association: SEC Chair Gensler Legally in the Wrong
The Blockchain Association, a prominent crypto advocacy group, has published a paper expressing its concerns over the role of Securities and Exchange Commission (SEC) Chair Gary Gensler and the legitimacy of his statements and enforcement actions on the crypto industry. The group argues that Gensler’s involvement in digital asset matters should be reconsidered, citing a perceived bias and a failure to provide clear guidance as their primary concerns. The association, in an open letter, has put forth the claim that Gensler is overstepping his authority granted by Congress. “While this anti-crypto campaign has intensified, the SEC has let slide one of […]