The DOGE-affiliated acting president of the United States Institute of Peace, a Congressionally funded, independent think tank, has moved to transfer the agency’s $500 million headquarters building to the General Services Administration free of charge, according to court documents revealed in a recently filed lawsuit. Tensions at USIP have been escalating for weeks, starting when…
Hut 8 Corp. has launched American Bitcoin Corp, a majority-owned subsidiary designed to focus on industrial-scale Bitcoin mining and reserve development. This move follows the crypto mining company’s strategic decision to contribute nearly all of its ASIC miners to American Data Centers, Inc. in return for a majority stake in the company. The company, initially…
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Construct Capital, an early-stage venture capital firm that invests in startups applying technology to sectors like manufacturing, transportation, and defense, has closed its third fund with $300 million in capital commitments. The Washington, D.C.-based firm previously raised a $225 million second fund and a $75 million capital pool for later-stage companies in 2022. While many…
Elon Musk clarified that the Department of Government Efficiency (DOGE) has no plans to integrate Dogecoin into its operations for transparency, despite his personal support for the meme crypto. Dogecoin vs DOGE: Elon Musk Draws the Line Elon Musk discussed the potential role of dogecoin in government during a March 30 town hall event in…
Crypto wallets enable you to send and receive cryptocurrencies like Bitcoin and Ethereum by keeping your private keys, which are the passwords that grant you access to your funds, safe and easily accessible. Technically, a crypto wallet does not keep your cryptocurrency, in contrast to a regular wallet that can hold real cash. Although your…
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Image: SpaceX/YouTube Elon Musk’s artificial intelligence startup xAI has formally acquired his social media platform X in an all-stock transaction valued at approximately $45 billion. This figure includes $12 billion in debt, bringing the implied equity value of X to $33 billion. The merger will “combine the data, models, compute, distribution and talent” of the…
Key Takeaways President Trump wants to retain Elon Musk as a special government employee for as long as possible. Trump acknowledges Musk’s responsibility to his business but values his government contributions. Share this article President Trump has expressed his desire to retain Elon Musk’s services as a special government employee for “as long as” possible,…
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