#investment

Meta founder Mark Zuckerberg has announced his company's hefty investment in Nvidia graphics cards, pouring billions into the development of artificial general intelligence (AGI). This AI aims to execute tasks with human-like proficiency. Zuckerberg anticipates Meta's inventory of H100 graphics cards to reach 350,000 units by the end of 2024.

Microsoft and Vodafone have jointly announced a landmark 10-year strategic partnership, with an investment of $1.5 billion dedicated to advancing artificial intelligence and cloud-based services.

The cryptocurrency company Tether has been highlighted in a recent UN report on crime, due to the prevalent use of its stablecoin, USDT, in money laundering and fraudulent activities, particularly in Southeast Asia. The token is notably being used in sham investment schemes promising high returns.

El Salvador's unrealized (or floating) gains from its Bitcoin acquisitions have surpassed $12 million. Currently, the average cost of all BTC purchased by the country stands at $42,441.

Gary Gensler posted a thread about investing in cryptocurrencies. But there's nothing new there.

The research company Security.org carried out its annual survey involving over 1,500 Americans.

Yesterday, December 21st, BlackRock, the investment company, was among those attending a meeting with the U.S. Securities and Exchange Commission (SEC). The discussion centered on the regulations for listing and trading the iShares Bitcoin Trust, a spot Bitcoin ETF.

Flowdesk, a French cryptocurrency service provider founded three years ago, has successfully raised $50 million in a recent funding round, with Cathay Innovation being the major investor.

Moody's, a financial services company, has expressed that the adoption of tokenized funds is enhancing the efficiency of investment in government bonds and recognizes significant unexplored potential in this area.

The prospect of a spot Bitcoin ETF gained momentum in June with BlackRock, an investment titan managing about $10 trillion in assets, submitting its application for registration.

In a significant move by U.S. authorities, Rodney Burton, a key promoter of the cryptocurrency venture HyperVerse, has been detained on accusations of conducting a fraud scheme exceeding $7 million. According to the U.S. Tax Service's filings, he masterminded a financial pyramid masquerading as a crypto investment opportunity.

The market is heating up, as Spot Bitcoin ETF issuers have submitted updated applications, and now are vying to provide the most attractive commission rates to their clients. Some are introducing lowered or even zero commissions for an initial period of 6-12 months. Other cases involve fees tied to a certain investment threshold.

Yeou Jie Goh, who led the Portfolio Growth division at crypto investment company DeFiance Capital, has left his position to take on a new role at blockchain platform Chromia, overseeing operations in the Asia-Pacific region.

South Korean gaming giant Wemade has teamed up with Singaporean private investment firm Whampoa Digital in a collaborative effort to bolster the Web3 sector. The partnership entails the creation of a $100 million fund dedicated to this initiative.