California Representative Maxine Waters intends to conduct a hearing to explore whether Donald Trump has personally profited from crypto via his position as US president. US President Donald Trump’s crypto businesses are drawing increased scrutiny on Capitol Hill and beginning to influence the progress of US digital asset legislation. As Republican lawmakers in the US...Continue Reading

The change won’t comprise the ChatGPT-maker’s ability to raise funds for development, CEO Sam Altman said. ChatGPT-maker OpenAI has abandoned plans to become a for-profit company and reaffirmed commitment to its nonprofit status.  In a May 5 blog post, OpenAI confirmed plans to convert its for-profit business unit into a so-called Public Benefit Corporation (PBC),...Continue Reading

Bitcoin price opened the week with a correction, but strong interest from institutional investors keeps the $100,000 target within reasonable reach. Key takeaways: Bitcoin price slips, but BTC dominance is on the rise. Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin. Read moreContinue Reading

The US Attorney’s Office overseeing the criminal case against the former CEO of SafeMoon will be headed by a Trump appointee for up to 120 days. Acting US Attorney for the Eastern District of New York (EDNY) John Durham has departed as President Donald Trump’s pick takes control of the office. In a May 5...Continue Reading