• Aug 04, 2024

Bitcoin Dips Below $55,000 as Macro Uncertainty, Geopolitical Tensions Rise

A combination of factors is fueling the crypto market’s nose dive to three-week lows as Bitcoin dropped below $60,000 on Sunday for the first time since July 13, analysts say. The asset has shed 10% of its value during weekend trading to just below $55,000, CoinGecko data shows. Total liquidations over the last 24 hours have also spiked to $620 million, with longs accounting for 90% of the wipeout, according to CoinGlass data. Uncertainty surrounding the U.S. election, interest rate fluctuations...

  • Aug 04, 2024

Elon Musk Renews Legal Battle Against OpenAI and Sam Altman, Alleging Fraud

Tech tycoon and Tesla CEO Elon Musk renewed his legal battle against artificial intelligence (AI) development firm OpenAI after previously dropping the lawsuit. In a Monday filing with the United States court for the northern district of California, Musk claims that OpenAI CEO Sam Altman and others fraudulently induced him to invest in the company. He claims that his $44 million investment was based on the premise that OpenAI would remain a nonprofit organization focused on open-source AI develo...