The 10 Year Anniversary of Bitcoin Creator’s Disappearance

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  UK Treasury Secretary Rules Out National Crypto Reserve: ‘Not the Plan for Us’

  The UK’s Economic Secretary for the Treasury has poured cold water on the idea of the country launching a national crypto reserve. Speaking at the Financial Times Digital Asset Summit in London, Emma Reynolds MP said that following the U.S. government's lead in stockpiling Bitcoin is “not the plan for us.” “We don't think that's appropriate for our market," Reynolds said. “We understand that’s what the U.S. is going for, but that’s not the plan for us," she added. In other areas, the UK is look...

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  OpenAI Ends Profit Cap in Restructure, Microsoft Yet to Sign Off

  OpenAI is removing limits on how much money investors can make while keeping its nonprofit in charge, converting its current business arm into a "public benefit company," a type of for-profit business that needs to consider both making money and serving the public good. "We want to be able to operate and get resources in such a way that we can make our services broadly available to all of humanity," CEO Sam Altman stated in a letter published Monday. The move places it at temporary odds with maj...

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  Riot Platforms Sells $44 Million in Bitcoin Amid Mining Industry Headwinds

  Riot Platforms sold $38.8 million worth of Bitcoin in April, as the second-largest publicly traded Bitcoin miner by market capitalization moves to shore up liquidity amid tightening margins across the mining sector. The Castle Rock, Colo.–based firm offloaded 475 BTC last month at an average price of $81,731 per coin, according to its operations update on Monday.  Riot mined 463 of those tokens in April, with the remaining 12 drawn from reserves. The company retained 19,211 BTC on its balance sh...