On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows.
3 Leading Bitcoin ETFs Experience Major Outflows
Grayscale’s Bitcoin Trust (GBTC) experienced a significant outflow of $69.12 million, bringing its…
Binance Hit With $87 Million Tax Bill in India
August 7, 2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed…
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor caution amid economic…
Groq, a leader in AI inference technology, has raised $640 million in a Series D funding round, signaling a major shift in the artificial intelligence infrastructure landscape. The investment values the company at $2.8 billion and was led by BlackRock Private Equity Partners, with participation from Neuberger Berman, Type One Ventures, and strategic investors such as Cisco, KDDI, and Samsung…
Runway, the New York-based AI startup, has taken another significant step in the rapidly evolving field of AI-generated video. The company announced today that its Gen-3 Alpha Image to Video tool now supports using an image as either the first or last frame of video…
Elon Musk filed a new federal lawsuit against OpenAI and its CEO Sam Altman today, accusing the artificial intelligence company of abandoning its founding mission to benefit humanity in favor of pursuing profits.
The 83-page complaint, lodged in the U.S. District Court for…
A U.S. Air Force AC-130J gunship took part in battering and sinking a retired U.S. Navy vessel during this summer’s 2024 Rim of the Pacific exercise, according to explosive footage released by the Air Force.
A New Mexico-based 27th Special Operations Wing crew manning the AC-130J bludgeoned the Austin-class amphibious transport dock Dubuque with cannon fire from the air as part of a live-fire…
The Air Force has fired an operations group commander at Ellsworth Air Force Base in South Dakota, following the release of a scathing report into a B-1B Lancer bomber’s January crash.
Col. Mark Kimball, commander of the 28th Operations Group, was removed “due to a loss…
DAYTON, Ohio—The Air Force is working to make up for schedule delays and cost overruns on two central components of its plan to keep the B-52 flying into the 2060s.
The 1960s-era B-52, whose missions have ranged from nuclear alert during the Cold War to precision strikes…
Tesla Cybertruck: driver dies in first fatal crash
August 6, 2024
A Tesla Cybertruck driver died in what is believed to be the first reported fatal crash in the electric pickup truck that has yet to be third-party crash tested.
Tesla has a stellar crash testing record over the years, and several of its vehicles are the safety leaders in their categories.
The automaker has signaled that it expects the same for its Cybertruck, which it claims is built…
