A new Ethereum wallet will allow you to store, send and receive crypto soon
Gamestop has launched its very own wallet after it received mega meme status last year
The company’s fan base has largely split between two groups: gamers and investors.
But what ever camp you sit on, you’ll be able to access crypto assets via a private key known only to you.
The setup is compatible with hardware wallets and reduces the risk of it being hacked or confiscated, but it means that if the owner loses their key, they also lose access to its contents.
With the launch of the new wallet, GameStop also confirmed that its upcoming NFT marketplace will become available this year.
GameStop first announced the NFT marketplace in February alongside a $100 million fund that’s supposed to convince game developers to actually use it.
Upon launch, users will be able to use their wallets in conjunction with the marketplace.
The wallet is currently available as an extension for Google Chrome and Brave, but soon it will also be available as an iPhone app too.
Microsoft’s non-voting board seat in OpenAI revival
Microsoft has secured a non-voting board seat at OpenAI, marking a significant development as Sam Altman returns to helm the organization as CEO.
Microsoft’s new role within OpenAI comes as the tech giant continues to deepen its involvement in AI research and development. While the board seat is non-voting, it symbolizes Microsoft’s commitment to fostering collaboration in the AI community.
This move follows Sam Altman’s recent appointment as CEO of OpenAI, bringing him back into the fold after a brief stint at the helm of the startup in its early days.
With the resurgence of Altman as CEO, and Microsoft’s newfound presence on the board, the question arises: What synergies will this partnership unlock between two prominent entities in the AI domain?
As AI technologies continue to advance, what potential breakthroughs can we expect from this collaboration?
In summary, Microsoft has secured a non-voting board seat at OpenAI as Sam Altman returns as CEO, signaling a deepening alliance in the world of artificial intelligence.
Elon Musk’s X faces $75M loss as advertisers exit
Elon Musk’s venture, X, is bracing for a substantial financial hit as reports suggest it could suffer losses of up to $75 million by the end of this year.
The turmoil stems from a growing exodus of advertisers, which has sent shockwaves through the company’s revenue streams.
The advertiser exodus appears to be linked to controversies surrounding Elon Musk and his unconventional approach to business and social media. Musk’s controversial statements and tweets have drawn both praise and criticism, but they seem to have alienated a significant portion of X’s advertising partners. Many companies are distancing themselves from the venture due to concerns about brand image and association with Musk’s unpredictable behavior.
This development raises pressing questions about the future of X and its ability to retain advertising partnerships. Can Elon Musk navigate these turbulent waters and win back advertisers? Will X need to reevaluate its strategies and adopt a more traditional corporate image? How might this impact the overall financial health of the venture, and what steps will be taken to mitigate losses?
In the midst of these uncertainties, it remains to be seen whether X can weather the storm and maintain its prominent position in the business world. Elon Musk’s unorthodox approach has often yielded success, but the current challenges pose a significant threat to the venture’s financial stability. As the year-end approaches, observers are closely watching to see how Musk and X respond to this critical situation.
Mooching friends see unpaid debts pile up
A recent survey by Finder, Australia’s leading comparison site, reveals that 1 in 4 Australians, equivalent to 4.9 million people, have not been reimbursed by friends for loans extended over the past year.
Common Debts and Unpaid Loans
According to the research, splitting a restaurant bill (6%), group presents (4%), and event tickets (3%) are the most prevalent sources of unpaid debts. Other instances include sharing a taxi or Uber (2%), travel expenses (2%), and even gambling (2%). The findings suggest a prevalent pattern of financial strain, where individuals may hesitate to contribute or repay their fair share.
Steps to Recover Unpaid Debts
- Be upfront: Initiate an open and honest conversation expressing concerns about the unpaid amount.
- Establish a repayment plan: Discuss the owed amount, set a repayment timeline, and formalize the agreement in writing, signed by both parties.
- Flexibility and understanding: Acknowledge potential financial difficulties your friend may be facing, and work together to create a manageable repayment plan.
Timely communication is of importance, addressing the issue early on prevents silent resentment from festering. For larger amounts, putting the request in writing, such as through a text message or email, is recommended.
The research underscores the need for open communication and proactive steps to address financial imbalances among friends, preserving both trust and financial stability.
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