Elon Musk Is Trying to Stop OpenAI

Article: Elon Musk asks court to block OpenAI from converting to a for-profit - CNBC

Elon Musk has been fighting with Open AI, which he had previously founded. We have to be honest that he is likely doing it because he has his own competing AI operation at X.

Musk is trying to stop Open AI from becoming a for-profit company.

Click on the Article Links above to read more about this court action.

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Sam Altman's Investment Empire

Article: The Opaque Investment Empire Making OpenAI’s Sam Altman Rich - The Wall Street Journal

Open AI CEO Sam Altman's day job only pays him $65,000/year, at his insistence. But, behind the scenes, he is running his own investment empire worth upwards of $2 billion or more. By borrowing extensively from his bank and investing in numerous startups, his personal wealth could be infinitely more than his Open AI job is going to make him. Not counting any potential stock options if the company goes public, of course.

Click on the Article Link above to read how he's making this happen.

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Bitcoin Draws Japan and South Korea

Article: Bitcoin Bug Bites Japan and South Korea as China Clamps Down - New York Times

While China has cracked down on Bitcoin, Japan and South Korea are picking up the slack.

Bitcoin was thought to be created by someone from Japan, Satoshi Nakamoto. But, it has since been believed that was simply a moniker for the person or persons behind Bitcoin's creation. Also, the first exchange sprung from Japan. But, it was run by a Frenchman. Now, Japan is taking concrete steps in becoming more invested in Bitcoin. The nation has more exchanges popping up, and is proposing a Bitcoin competitor, J Coin.

Meanwhile, South Korea's Samsung is very interested in the software platform of Ethereum, while being less interested in Ethereum's currency, Ether.

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Bitcoin ETF's on the Horizon

Article: Bitcoin ETFs on the Horizon - Barron's

Bitcoin and Cryptocurrency enthusiasts have been hoping for the intersection of crypto and established investing for a while now. Exchange-traded fund provider REX is hoping to introduce two Bitcoin-based ETF's, which are Exchange-Traded Funds. Those are funds that trade on the stock market.

Naturally, the SEC, the Securities and Exchange Commission, would have to approve! But, the push to make it happen is there, so it is sounding like the possibility could become reality.

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HIVE Becomes First Cryptocurrency Stock

Article: HIVE Blockchain Technologies (TSXV:HIVE) (OTCMKTS:PRELF) Is One Of The Top Bitcoin Stocks Around - Insider Financial

Company Site: HIVE Blockchain Technologies - Main Site

Cryptocurrency enthusiasts have been wanting to know when there would be a stock market play for Bitcoin, Blockchain or mining. This week, it happened! HIVE Blockchain Technologies is now trading on the Canadian TSX Venture Exchange, and as an OTC stock on the U.S. market.

HIVE is buying mining time off of Genesis Mining, who is considered the leading cloud mining supplier. HIVE proposes to use their capital to do mining and produce income. It should be interesting to see how it all pans out.

Now, there has been Bitcoin Investment Trust (GBTC), which is traded on the OTC market. But, that is basically just a bunch of Bitcoin. You can directly buy Bitcoin on many well-regarded exchanges, making GBTC fairly redundant. HIVE is actually a company that is directly engaged in the Blockchain.

Now, folks, this is speculative stuff! It's up to you if you're going to spend money on this. But, I basically just took money generated from my bond funds and bought a smaller amount of the OTC. You can invest in the Canadian stock directly through certain brokerages. I have only dipped my toes into two OTC stocks ever. This one, and Tencent of China, who provides internet products, similar to those of Baidu, who are on the regular U.S. stock market.

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JP Morgan Goes to War with Bitcoin

Article: Bitcoin is a fraud that will blow up, says JP Morgan boss - The Guardian

Article: Genesis Mining billboards say Jamie Dimon is right - 'Bitcoin will eat your lunch' - IBT

JP Morgan CEO Jamie Dimon has gone to war with Bitcoin. In a set of angry remarks, Dimon said that Bitcoin is only good “If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars.”

Naturally, anyone whose fortunes are rooted in the traditional economy are going to be threatened by cryptocurrencies. It's just entertaining to watch someone so publicly lose their @#$% over it!

Entertainingly, Genesis Mining, who provides Bitcoin mining services, is having a lot of fun with Dimon, putting up billboards mocking him!

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