The Midas Project has filed a complaint with the IRS against OpenAI, alleging that CEO Sam Altman’s dual roles create conflicts violating nonprofit tax rules.
Martin Young
Martin is a technology and finance journalist with over two decades of experience covering cybersecurity, and information technology. Based in Southeast Asia for more than 25 years, he served as correspondent and systems analyst for Hong Kong-based Asia Times for twelve years. Since 2017, Martin has specialized in digital asset and blockchain reporting for multiple crypto publications. He brings forex trading and technical analysis expertise to his financial coverage, along with deep knowledge of core blockchain technologies and cryptographic concepts. Martin has no crypto holdings above Cointelegraph's disclosure threshold of $,1000.
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OpenAI faces IRS complaint over alleged tax violations - News
Investors are balking at ‘excessive’ Bitcoin miner exec pay: VanEck Bitcoin mining executives’ huge pay packages are weakly aligned with shareholder interests, according to new research from VanEck.
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Nvidia becomes first company to hit $4T valuation, thanks to AI boom Nvidia’s stock hit an all-time high of $164.32, making it the first $4 trillion company as AI demand drives yearly gains.
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Many see stablecoins soaring to $2T in ‘handful’ of years: Ripple CEO Ripple CEO Brad Garlinghouse says the growth behind the stablecoin market has been “profound” as it announced BNY Mellon as the firm’s stablecoin custodian for RLUSD.
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US charges 2 men over $650M OmegaPro crypto scam US prosecutors charged two men for allegedly running the crypto fraud scheme OmegaPro, which promised 300% returns to investors.
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Bitcoin lacked mass media coverage in Q2: Report Major news outlets The Wall Street Journal, the Financial Times and The New York Times published just 13 articles on Bitcoin in Q2, according to research from Perception.
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Vitalik Buterin advocates ‘copyleft’ licensing in crypto Ethereum co-founder Vitalik Buterin now backs open-source licenses, arguing they better promote open innovation as crypto becomes more “competitive and mercenary.”
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Gate.io deletes page showing a $600M Pump.fun token sale Crypto exchange Gate.io removed the webpage showing an upcoming Pump.fun token sale on Saturday, while its support account on X gave a confusing explanation.
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Bitcoin eyes new high on tariff deadline, Musk love: Analysts Bitcoin trades 2% below ATH as analysts eye new records amid looming US tariff deadline and upcoming “Crypto Week” volatility.
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Jack Dorsey tests Bitchat — decentralized messaging without internet Block CEO Jack Dorsey has released a white paper and launched a beta for Bitchat, a decentralized messaging app using Bluetooth mesh networks for internet-free, encrypted communication.
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Bitcoin solo miner banks $350K with 2.3 petahash in ‘incredible odds’ A solo miner with just 2.3 petahashes successfully mined a Bitcoin block on Thursday, netting them $349,028 in rewards.
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Bitcoin miner production falls in June on power curtailment, weather Bitcoin miners strategically curtailed operations in June to avoid costly peak demand charges in Texas, sacrificing short-term production for lower costs.
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North Korean hackers targeting crypto projects with unusual Mac exploit The malware bypasses Apple’s memory protections and deploys an infostealer payload targeting crypto wallets.
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First Solana staking ETF hits $12M in ‘healthy’ first trading day REX-Osprey’s groundbreaking Solana staking ETF overcame SEC hurdles and posted $33 million in first-day volume.
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Arizona governor vetoes bill to stockpile seized crypto Arizona Governor Katie Hobbs has vetoed a measure that would have created a fund from seized crypto, with proceeds split between law enforcement and the state.
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New York AG urges Congress to bolster protections in crypto bills Letitia James argues that federal stablecoin bills should stipulate that issuers be regulated like banks and that they have FDIC insurance requirements to prevent systemic financial risks.
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Bitcoin sets record monthly close at $107K as analyst tips 9% rally Bitcoin closed June at a record monthly high of $107,100 despite forming a spinning top candlestick pattern that suggests market indecision.
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Analysts raise chance of SOL, XRP and LTC ETF approval to 95% Crypto ETF summer has arrived with America’s first staked Solana ETP and increased odds for other spot altcoin funds, according to analysts.
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Metaplanet surpasses Cleanspark with $108M Bitcoin buy Metaplanet has become the fifth-largest corporate Bitcoin holder after its latest $108 million purchase, which comes on the same day the Japanese firm issued 0% interest bonds to buy more.
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Bitcoin price stuck as OGs are ‘dumping on Wall Street’: Analyst Long-term Bitcoin holders have been selling to institutions since spot ETFs launched, keeping prices stagnant.
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US futures hit record high, setting Bitcoin up for new peak: Analysts US stock futures have hit record highs, fueling analyst predictions that Bitcoin could soon break past resistance to hit a new price peak.
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Bakkt Holdings files $1B shelf offering that could fuel Bitcoin buys Bakkt has filed for a $1 billion shelf registration after the firm updated its investment policy earlier this month to allow it to buy Bitcoin and other cryptocurrencies.
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Coinme pays $300K fine for violating California crypto ATM laws The case marks California DFPI’s first enforcement action under the state’s Digital Financial Assets Law.
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SoFi digital bank brings back crypto services after 2-year hiatus SoFi reenters the crypto space with onchain remittances and digital asset trading following the ease of regulations in the US.
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Anthony Pompliano’s crypto venture buys $386M in Bitcoin Anthony Pompliano’s crypto firm ProCap has purchased 3,724 Bitcoin after announcing a $1 billion plan to go public later this year.
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Polymarket set for $200M raise at $1B valuation: Reports Betting platform Polymarket is reportedly set to be valued at $1 billion in a $200 million raise led by Peter Thiel’s Founders Fund.
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Panther Metals up 21% after $5.4M Bitcoin play to buy minerals and gold Panther Metals is planning a $5.4 million Bitcoin treasury and will use it as collateral to buy a mineral mining deposit in Canada and other commodities in the future.
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Ethereum dev floats halving slot times to 6 secs, doubling blocks Core developer Barnabé Monnot says six-second block times would slash confirmation delays, boost DeFi efficiency and create smoother user experiences across the Ethereum network.
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$5.1B Cardone Capital buys 1,000 Bitcoin, eyes another 3,000 BTC Grant Cardone’s real estate investment firm has bought 1,000 Bitcoin as part of its new treasury strategy combining real estate and crypto.
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Bitcoin ‘weakness shall pass’ after dip below $100K: Arthur Hayes Bitcoin has lost more than 8% over the past week as geopolitical tensions and military action between Israel and Iran ramped up.