China’s supreme court said cryptocurrency fundraising would be a criminal offense in the country, the South China Morning Post reported. The court said in a new interpretation of national law that penalties for a person who raises 50 million yuan ($7.9 million) or more in cryptocurrency could be more than 10 years in prison, according to the report. The latest move by the Supreme People’s...
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How Social Media AI Chatbots Compare
After OpenAI’s ChatGPT took the world by storm six months ago, social media companies have been scrambling to join the cluster of tech giants integrating and adapting OpenAI's large language models or rival technology to their platforms to create conversational chatbots.Snapchat was the first to enter the fray, launching its My AI chatbot, which is based on OpenAI’s ChatGPT technology, in...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.