UK to spend $130M on AI chips amid scramble to buy up computing power
The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI.
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Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.
SBF, FTX execs reportedly spend millions on properties in the Bahamas
At least 19 properties worth around $121 million were reportedly purchased under FTX's name, Sam Bankman-Fried’s parents and senior-level executives.
Twitter brings back suspended NFTs accounts as Solana threatens to pause ad spend
No official explanation was given as to why the accounts were suspended in the first place.
Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback
The FTX founder said he’d spend “north of $100 million” with a “soft ceiling” of $1 billion and added “who knows what’s going to happen between now and then.”
Binance to spend $115M in France to develop European crypto ecosystem
Binance CEO Changpeng Zhao announced the launch of the $115 million crypto and blockchain initiative during a conference in France.
UK FCA will spend £11M to warn people about investing in crypto
U.K. financial regulators have announced an 11 million pound digital marketing war chest to warn people about the dangers of crypto investments.
NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year
NYSE parent firm Intercontinental Exchange is likely to spend over $20 million building its bitcoin futures trading platform Bakkt in 2019.
Civic to Spend $43 Million In Tokens In Aggressive User Expansion
Civic needs a network of users, so it's offering free KYC for business partners and funding the effort with its reserve of tokens.