2025-10-13
OpenAI confirms multi-year chip deal with Broadcom after 18 months of quiet collaboration — 10GW of custom AI infrastructure, no equity involved. Chips will be ~30% cheaper than Nvidia's, with OpenAI controlling everything from design to full rack deployment:
Wall Street Journal
OpenAI and Broadcom agree to co-develop and deploy 10GW of custom AI chips to run OpenAI's models over four years; sources: the deal is worth multiple billions
The companies plan to deploy 10 gigawatts of custom AI chips over the next four years — OpenAI and Broadcom are working together …
2024-04-22
Decentralization is a key feature of #bitcoin bcs it means the network isn't controlled by any entity & can't be shut down, even if a govt disapproves. This volcanic-powered 500kw mine is a perfect example of how Gridless is helping to fortify the network: https://www.cnbc.com/... [video]
CNBC
A look at Block-funded Gridless, which operates bitcoin mines in Kenya, Malawi, and Zambia, powered through solar power and wasted energy from a geothermal site
2024-04-21
Decentralization is a key feature of #bitcoin bcs it means the network isn't controlled by any entity & can't be shut down, even if a govt disapproves. This volcanic-powered 500kw mine is a perfect example of how Gridless is helping to fortify the network: https://www.cnbc.com/... [video]
CNBC
A look at Block-funded Gridless, which operates bitcoin mines in Kenya, Malawi, and Zambia, powered through solar power and wasted energy from a geothermal site
WATCH NOW — Jack Dorsey backed start-up taps into geothermal, hydro and solar power to run bitcoin mines across Africa X: @kenziesigalos , @cnbc , and @jeromebailly . Forums: Sla...
2023-10-03
Jury selection in Sam Bankman-Fried trial begins at 930a Tuesday. The 6-week trial could see surprise testimony - the government said 2 more witnesses are finalizing immunity agreements right now: [video]
Molly White
A preview of the Sam Bankman-Fried trial, which begins today with jury selection, the seven charges, key witnesses, the likely legal strategies, and more
Key witnesses and the likely legal strategies about to unfold in the historic case ahead. … Tomorrow, all eyes turn to New York …
Jury selection in Sam Bankman-Fried trial begins at 930a Tuesday. The 6-week trial could see surprise testimony - the government said 2 more witnesses are finalizing immunity agreements right now: [video]
New York Times
Michael Lewis depicts Sam Bankman-Fried as delusional in his new book, Going Infinite, but says SBF's explanations remain “irritatingly difficult to disprove”
“Going Infinite,” by Michael Lewis, offers a behind-the-scenes account of Mr. Bankman-Fried's rise and fall.
2023-02-16
SEC proposes sweeping rule change that would potentially ensnare crypto exchanges like $COIN. Custody regulations would now include assets like crypto + require companies to become a ‘qualified custodian’ to keep holding customer assets: https://www.cnbc.com/... @rogoswami
CoinDesk
The US SEC proposes a rule that would bar investment advisers from storing assets at crypto platforms and lenders that are not registered as exchanges or banks
Jesse Hamilton / CoinDesk :
2023-02-07
Gemini will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis. Court hearing underway now, updating with new details on the plan here: https://www.cnbc.com/... w/@rogoswami
CNBC
Gemini plans to provide up to $100M to Genesis' bankruptcy recovery, mainly for its Earn users, who had ~$900M of assets frozen when Genesis paused withdrawals
- Crypto exchange Gemini will contribute $100 million in cash to a recovery plan for bankrupt crypto lender Genesis.
2022-12-21
Core Scientific - one of the largest publicly traded #bitcoin mining companies in the US - will file for Ch11 bankruptcy protection in TX early Wed, per person familiar w/ company plans. But it plans to keep mining while it restructures its balance sheet: https://www.cnbc.com/...
CoinDesk
US-based crypto miner Core Scientific files for Chapter 11 bankruptcy in Texas, estimating its liabilities and assets at $1B-$10B and creditors at 1,000-5,000
The publicly traded miner expects support from some of the holders of its convertible notes in a restructuring deal.
2022-12-17
Mazars - the accounting firm that had become the go-to for these “fully audited” proof of reserves for crypto exchanges like Binance, https://crypto.com/, & KuCoin - is apparently suspending all work with its crypto clients, says Binance. https://www.cnbc.com/... w/@Kr00ney
CoinDesk
Mazars, the auditor that worked on proof-of-reserves reports for Binance, Crypto.com, and others, pauses work with crypto clients and deletes Binance's report
Remember when Binance released proof of reserves to calm the market? Elena R / Coinpedia Fintech News : Michael Burry Reacts on Binance Audits - Here's What He Has to say Jana Serf...
2022-12-15
Fmr FTX co-CEO Ryan Salame turned on @SBF_FTX two days before bankruptcy, flagging Alameda's use of customer money & telling Bahamas regulators that only 3 people at FTX (SBF, Nishad Singh & Gary Wang) had the power to authorize the moves: https://www.cnbc.com/... w/ @rogoswami
Financial Times
Court filing: FTX Digital Markets co-CEO Ryan Salame told The Bahamas' securities commission on November 9 that customer funds were used to cover Alameda losses
FTX executive told securities regulator crypto exchange was likely funnelling cash to Alameda trading firm
2022-12-13
Bahamian authorities have arrested Sam Bankman-Fried after U.S. files criminal charges against the former FTX CEO & crypto billionaire. Updating in real-time as we learn more: https://www.cnbc.com/... @rogoswami
CNBC
Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited
- The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney …
Bahamian authorities have arrested Sam Bankman-Fried after U.S. files criminal charges against the former FTX CEO & crypto billionaire. Updating in real-time as we learn more: https://www.cnbc.com/... @rogoswami
U.S. Securities and Exchange Commission
The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019
Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors
2022-11-20
New FTX updates this am: - 99 pages worth of filings added to FTX court docket today - FTX plans to sell or restructure - But in NY, Bahamas regulators still pushing for control, after seizing some of FTX's assets over the weekend More: https://www.cnbc.com/... w/@moleskinemaniac
Financial Times
FTX CEO John Ray III plans to attempt to sell or reorganize its businesses after a review found many of its subsidiaries have “solvent balance sheets”
Many of collapsed crypto group's subsidiaries have ‘solvent balance sheets’, John Ray III says
New FTX updates this am: - 99 pages worth of filings added to FTX court docket today - FTX plans to sell or restructure - But in NY, Bahamas regulators still pushing for control, after seizing some of FTX's assets over the weekend More: https://www.cnbc.com/... w/@moleskinemaniac
Wall Street Journal
A look at the dispute between FTX's new management and Bahamian regulators over who should control the company's assets, and how the fight may affect customers
Liquidators in the Bahamas are embroiled in a dispute with FTX over who has control over crypto assets held in the country
2022-11-16
Before he was the CEO of https://t.co/..., Kris Marszalek departed his last job in Hong Kong “amid accusations from customers and business partners that they had been ripped off.” After that, he started the crypto exchange. More: https://www.cnbc.com/... w/ @levynews
CNBC
Despite repeated assurances from Crypto.com CEO Kris Marszalek, customers worry over the exchange's solvency; Crypto.com's CRO token drops ~40% in the past week
- Crypto.com CEO Kris Marszalek has taken to Twitter, YouTube and the airwaves to try to reassure customers that their deposits …
2022-08-10
Sam Bankman-Fried's firms mixed up w/Voyager long before vygr's bankruptcy: -Lender: $500m in financing TO vygr -Borrower: Poss as much as $1.6B FROM vygr at peak -Shareholder (11.56% at one pt) -Owner? (If FTX wins bid) More: https://www.cnbc.com/... @moleskinemaniac @levynews https://twitter.com/...
CNBC
Court and financial docs show a complex relationship between Voyager and Sam Bankman-Fried's Alameda, including a possible $1.6B crypto asset loan from Voyager
2022-08-03
.@saylor on decision to hand over CEO job: “As Executive Chairman I will be able to focus more on our #bitcoin acquisition strategy and related bitcoin advocacy initiatives.” More on the transition: https://www.cnbc.com/...
The Block
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO
- Michael Saylor is set to step down from his role as CEO and become an executive chairman.
2022-06-28
Voyager Digital says it's business as usual, even after the Three Arrows Capital default...But they've already pulled $75m from their $500m line of credit from SBF's Alameda & they say they may use more of that $ to facilitate customer orders/withdrawals: https://www.cnbc.com/... https://twitter.com/...
The Block
Voyager Digital issues a default notice to Three Arrows Capital for failing to repay a $650M+ loan; Voyager accessed $75M of credit from Alameda Research
looks like already priced in. https://www.cnbc.com/... Haralabos Voulgaris / @haralabob : Voyager currently has ~$137m in cash + crypto but somehow managed to lend 3AC 15,250 BTC +...
2022-06-09
Ropsten testnet successfully merged its PoW execution layer w/PoS beacon chain, the 1st simulation of the process the mainnet will execute. @TimBeiko says it hit “some minor known issues,” developers will spend a few days triaging. AllCoreDevs call on Fri. https://www.cnbc.com/... https://twitter.com/...
Decrypt
Ethereum's proof-of-stake Merge upgrade goes live on Ropsten, Ethereum's oldest testnet for blockchain development testing before deployment on the mainnet
Andrew Asmakov / Decrypt :
2022-01-07
A nationwide internet cut in Kazakhstan (world's 2nd biggest #Bitcoin mining hub) shut down an estimated 15% of the world's BTC miners before service was restored. One big takeaway: BTC mining has yet again survived another stress test with little drama: https://www.cnbc.com/...
CNBC
Internet disruptions in Kazakhstan, the world's second-biggest bitcoin mining hub, shut down an estimated 15% of the world's miners before internet was restored
> Kazakhstan's deadly protests hit bitcoin, as the world's second-biggest mining hub shuts down https://www.cnbc.com/... Heidi Cuda / @heidi_cuda : “Kazakhstan's deadly protests hi...