On May 7th, New Hampshire achieved a significant milestone by enacting HB 302, thereby becoming the first U.S. state to endorse a “live free or die” currency policy framework. This
Standard Chartered forecasts significant growth for the BNB Coin, projecting a potential 360% increase by 2028, positioning it as a key player in the digital assets market. Despite its limited
The UK, which has a cautious approach towards Bitcoin (BTC) and cryptocurrencies, has opposed the idea of a national cryptocurrency reserve. Speaking at the Financial Times Digital Asset Summit in London, UK Treasury Secretary Emma Reynolds stated that the government has no plans to establish a national cryptocurrency reserve, according to Decrypt. Stating that they are against the idea of the US government adopting the Bitcoin reserve approach, Minister Reynolds said that they respect the US strategy but it is not suitable for the UK. “We do not think Bitcoin and cryptocurrencies are suitable for our market. “At this point, we understand that the US wants this, but the idea of BTC or crypto reserves is not a plan for us.” Reynolds noted that the UK aims to align with the US in areas other than crypto, adding, “We think that cooperation and solidarity is really important.” Minister Reynolds said that while the concept of cryptocurrency reserves is not yet on the UK’s agenda, it is exploring the potential use of distributed ledger technology (DLT) to issue sovereign debt. *This is not investment advice. Continue Reading: British Treasury Secretary Talks About Bitcoin (BTC) and Cryptocurrencies! "He Closed the Doors!"
As Bitcoin’s Risk-Off signal drops to historic lows, could we be on the brink of another significant rally leading to new all-time highs? The implications of this unprecedented indicator highlight
OpenAI has backed away from a plan to fully transform into a for-profit company, opting to retain control of the non-profit organization. Elon Musk's lawyer said that this does not change anything - the legal campaign will continue; According to media reports, Microsoft has not authorized the conversion. OpenAI has abandoned its transformation into a fully for-profit organization. Its nonprofit arm will retain control of the firm. Business Wing, which has been managed by the nonprofit since 2019, will convert to a public benefit corporation (PBC). The nonprofit will be its major shareholder and will retain control of operations. PBCs are for-profit companies that are required by law to put the social mission at the top of the agenda, along with the interests of shareholders. ”OpenAI was founded as a non-profit organization, and today it is under its oversight and control. And it will remain so from now on,” said Bret Taylor, chairman of the board of directors. OpenAI says it made the decision ”after listening to civic leaders and engaging in constructive dialog with the offices of the Delaware Attorney General and California Attorney General.” ”We thank both offices and look forward to continuing these important conversations to ensure that OpenAI can continue to effectively fulfill its mission,” Taylor said. OpenAI was founded as a nonprofit organization in 2015, but converted to a ”limited profit” company in 2019 to raise capital. The firm has retained the nonprofit wing, which currently has a majority stake in the corporate division. OpenAI co-founder Elon Musk disagreed with this decision and sued the company. The lawsuit alleges that the AI startup and its two founders Sam Altman and Greg Brockman violated the founding agreement by putting commercial interests above the public good. The billionaire sought a preliminary injunction to stop OpenAI's transformation. A federal judge denied that motion, but allowed the case to go to a jury trial in the spring of 2026. Musk's response Musk's lawyer stated that OpenAI's decision to partially abandon its restructuring plan ”changes nothing” and the billionaire can continue his legal campaign against the startup. ”OpenAI's statement is a phantom ploy that fails to address the core issues: charitable assets have been and will continue to be transferred for the benefit of individuals, including Altman, his investors and Microsoft,” Marc Toberoff said Monday. He added that the AI startup's revised restructuring plan appears to be designed to avoid legal scrutiny, but still contradicts the company's founding mission, which was to develop AI for the benefit of all humans. ”The mission of the founders is still being betrayed,” he said. The importance of transformation For OpenAI, the transformation issue is critical - it raised some capital with the condition that it become commercial by Dec. 31, 2025. With the proposed structure, SoftBank is poised to make a $30 billion investment in the recently announced funding round, Altman said. In a letter to employees, he said OpenAI may need ”trillions of dollars” to achieve its goal of making the company's products widely available to all of humanity. ”[OpenAI's non-profit organization] will become a major shareholder of PBC to the extent confirmed by independent financial advisors. We are moving to a normal capital structure where everyone has shares. [...] We look forward to developing the details of [our] plan in further discussions with Microsoft and the newly appointed nonprofit commissioners,” Altman wrote. Last vote for Microsoft Microsoft - OpenAI's largest investor - has not authorized the conversion. This writes Bloomberg , citing sources. The corporation wants to make sure any changes protect its investment. The two companies are still discussing the details of the transaction. Microsoft's approval is key. At this point, only OpenAI insiders, Bill Gates' firm and other early investors have a direct vote in approving the restructuring, the agency notes. OpenAI was considered to convert to a commercial business OpenAI was considered changing its management structure to a commercial business. CEO Sam Altman told some shareholders about it, wrote The Information . Creating a for-profit B-corp is one of the scenarios the board is allegedly considering. The move would set the stage for a potential IPO. In February, OpenAI closed a private equity sale at a valuation of $86 billion. The company would then have the opportunity to make a profit while pursuing its original goal of contributing to the public good. ”We remain focused on creating artificial intelligence that benefits everyone. The non-profit organization is the foundation of our mission and will continue to exist,” said representatives of OpenAI in a comment Reuters .
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Thumzup Media Corporation, a Nasdaq-listed entity, has officially filed an amended Form S-3 document with the U.S. Securities and Exchange Commission (SEC) on May 7th. This revised filing aims to
The intentional German inefficiency has finally come to an end with Friedrich Merz, the conservative leader, voted in as Germany's new chancellor with 325, above the 316 needed.
DeFi Development Corp. purchased $11.2 million worth of Solana ( SOL) tokens on May 6, 2025, increasing its total holdings to 400,091 SOL, valued at approximately $58.5 million. DeFi Development Corp. Bolsters Treasury with 82,404 Additional Solana Tokens The Boca Raton-based company acquired roughly 82,404.50 SOL tokens, according to a regulatory filing. Its total holdings,
XRP strength against Bitcoin (BTC) comes to end with brutal breakdown