Petrobras is interested in bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that the company is researching this and other Web3 applications to reduce carbon emissions. Brazilian State-Owned Company Petrobras Researches Bitcoin Mining Integration Bitcoin mining is starting to be considered by large oil companies in […]
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SEC’s Spot Bitcoin ETF Approval Looking Like ‘a Done Deal’ in January, Says Bernstein
Global asset management firm Alliancebernstein’s research arm expects the U.S. Securities and Exchange Commission (SEC) to approve its first spot bitcoin exchange-traded fund (ETF) in early January 2024. Noting that the regulator “has been actively responding with edits/comments on the ETF applications,” the firm’s analysts said: “The probability of an approval by the Jan. 10 […]
Softbank Looking to Invest Billions in AI After Pausing Crypto Investments
Softbank, one of the largest investment management conglomerates in the world, is reportedly eyeing several investments in the artificial intelligence (AI) field after having paused its crypto investments. According to the Financial Times, Softbank founder and chief executive officer Masayoshi Son is prepared to put tens of billions of dollars into AI, with Microsoft-backed Openai […]
FTX Looking to Recover Millions Paid to Athletes and Sports Clubs
Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money went to celebrity athletes, including basketball legend Shaquille O’Neal, and sports teams like the NBA’s Miami Heat and Formula 1’s Mercedes under sponsorship and advertising deals. FTX Advisers Review Payments […]