Author: William

SoftBank with OpenAII
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November 27, 2024

Investor Briefing: OpenAI’s $1.5 Billion Share Sale to SoftBank

OpenAI has initiated a tender offer allowing current and former employees to sell shares worth approximately $1.5 billion to SoftBank Group. The offer, led by SoftBank CEO Masayoshi Son, is set to conclude by December 24, 2024. This move follows SoftBank's previous $500 million investment in OpenAI's recent funding round, which valued the company at $157 billion.
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History Supreme a big PR hoaxY
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September 16, 2024

Yacht Analyst Report: The Infamous “History Supreme” Superyacht – A PR Hoax Unveiled!

The tale of the superyacht History Supreme is another lesson of how easily the public can be misled by flashy, outlandish claims, especially in the context of wealth and luxury. Allegedly owned by the Malaysian businessman Robert Kuok, the History Supreme is a cautionary example of the dangers of unchecked sensationalism and remains a prime candidate for the title of "the biggest PR hoax in boating history."
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Super-yacht Koru owned by Jeff BezosI
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September 16, 2024

Impressive: Bezos’ $25M-A-Year Superyacht Maintenance Costs!

The $25M annual cost of maintaining Jeff Bezos' superyacht Koru underscores the extreme expenses tied to the world’s most luxurious vessels, even as sustainable technology becomes a factor. Koru is a 127-meter (417-foot) long sailing yacht, making it the largest sailing yacht in the world. It was built by Dutch shipyard Oceanco and delivered in 2023. It is estimated to have cost around $500 million to build.
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EU announced adoption of 12th sanction packageE
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February 21, 2024

EU Escalates Sanctions Against Russia, Expanding Blacklist to Include Mainland Chinese Companies

The European Union has escalated its sanctions regime against Russia by extending its blacklist to include companies based in mainland China. This unprecedented step underscores the EU's determination to thwart the Kremlin's efforts to circumvent sanctions and acquire banned items, marking a significant shift in the bloc's strategy towards Russia's ongoing conflict with Ukraine. The package, however, does not cover any person allegedly involved in the death of Alexei Navalny.
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Online Casino operator NewEra and its payment faciliatorsO
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February 5, 2024

Offshore Casino & Gambling Operator NewEra And Its Payment Facilitators!

The NewEra Group is another online casino and gambling operator that operates with a license in Curacao and a payment agent in Cyprus. Although NewEra does not have a license in Europe or North America, it attracts customers and their deposits from these regulatory regimes. Revolut, Binance Pay and MiFinity appear to be the most important payment facilitators. Binance Pay is offered at all NewEra casinos.
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Bitpanda becomes a sponsor of FC Bayern MunichC
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January 13, 2024

Crypto Hype Is Back: Bitpanda Enters Into Sponsorship With FC Bayern Munich!

A new crypto hype is imminent. Crypto companies are once again sponsoring prominent football clubs. FC Bayern Munich, the renowned German soccer team, has entered into a multi-year partnership with Austrian crypto service provider Bitpanda. This collaboration marks Bitpanda's emergence as a prominent Platinum Partner and FC Bayern's official crypto trading partner.
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Facebook co-founder Mark ZuckerbergM
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January 4, 2024

Mark Zuckerberg’s Strategic Stock Sell-Off: A Closer Look at Meta Platforms’ Mastermind!

Mark Zuckerberg, the co-founder of Facebook and the current executive chairman and CEO of Meta Platforms (formerly Facebook, Inc.), has recently made headlines with a significant stock sell-off, shedding nearly half a billion US dollars of Meta Platforms shares in the final two months of 2023. This move follows a two-year hiatus during which the company faced challenges, leading to its stock hitting its lowest point in seven years.
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Nikesh Arora became billionaireN
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January 4, 2024

Nikesh Arora’s Journey to Billionaire Status: From Google to Palo Alto Networks!

The Indian-American business executive Nikesh Arora, the CEO of cybersecurity firm Palo Alto Networks, has reached a net worth of $1.5 billion, according to the Bloomberg Billionaires Index. This impressive fortune is attributed to substantial pay awards earned throughout his career, marking him as a notable non-founder billionaire in the tech CEO landscape.
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Elon Musk sees his X sinkingF
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January 1, 2024

FinTelegram Insights: The Spectacular Crash and Burn of Elon Musk’s Twitter, Now X Holdings!

In what can only be described as a head-on collision with reality, Fidelity Investments has just delivered a staggering verdict on Elon Musk's X Holdings, the entity formerly known as Twitter. The financial behemoth, which once backed Musk's audacious $44 billion acquisition, now values X at a jaw-dropping 71.5% less than its purchase price. This isn't just a markdown; it's a nosedive, plunging through the end of November 2023.
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FinTelegram is investigating the L7 DEX aka L7 Crypto MLM SchemeA
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December 15, 2023

Attention: The Secretive L7 DEX Crypto MLM Scheme Launched A Crypto Debit Card With Alchemy Pay!

The L7 a/k/a L7 DEX scheme describes itself as a decentralized asset management protocol based on Web3. The website is very secretive and doesn't reveal much more, which is not good for a financial scheme, to say the least. This scheme also operates its own crypto token, L7 (symbol: LSD), which currently has a market capitalization of around $5 million. L7 is a multi-level marketing (MLM) scheme and recently launched its own L7 crypto debit card.
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EFRI invstors protection servicesF
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December 4, 2023

French Ethical Hacker Acquitted Of Charges After Platypus Finance Smart Contract Hack!

In a landmark decision, a French court acquitted Mohammed and Benamar M. of criminal charges related to the February 2023 hack of Platypus Finance, an Automated Market Maker (AMM) protocol on the Avalanche AVAX + network. The hack, which exploited a flaw in Platypus Finance's smart contract, resulted in a loss of approximately $8.5 million in stablecoin collateral.
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Pig Butchering with MetaTraderU
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November 21, 2023

U.S. Law Enforcement Seized Nearly $9M In Crypto Connected To Romance Scam Scheme!

The U.S. Department of Justice (DOJ) has announced the seizure of nearly $9 million in stablecoin Tether. These seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited over 70 victims through romance scams and cryptocurrency confidence scams, which are widely known as “pig butchering.” The DOJ also acknowledged Tether's cooperation.
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