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Nalezeno "conversion": 147

Grayscale GLDC ETF Conversion Halted Indefinitely


The U.S. Securities and Exchange Commission (SEC) approved the conversion of Grayscale’s Digital Large Cap Fund (GLDC) into an exchange-traded fund (ETF) on Tuesday, but further details have emerged suggesting the conversion won’t happen right away. The $755 million fund, launched in 2018, holds...

Thailand Signals Openness to Controlled Crypto Conversion


Thailand is weighing a potential leap into regulated crypto services and blockchain bond tokens, signaling growing openness to digital finance while maintaining strict oversight safeguards. Thailand Weighs Crypto-Linked Services Under Tight Controls Thailand may explore ways to link cryptocurrency...

UAE’s Mbank Launches AED Crypto Conversion


Mbank and Changer.ae have launched a Dirham-based crypto conversion service, following approval from the UAE Central Bank to open a fully regulated AED escrow account. Secure and Regulated Dirham to Crypto Conversions The United Arab Emirates (UAE) integrated digital bank, Al Maryah Community Bank...

OpenAI to stay nonprofit, scrap proposed overhaul


ChatGPT-maker OpenAI has abandoned plans to become a for-profit company and reaffirmed commitment to its nonprofit status. In a May 5 blog post, OpenAI confirmed plans to convert its for-profit business unit into a so-called Public Benefit Corporation (PBC), which would remain under...

OpenAI to stay nonprofit, scrap proposed overhaul


ChatGPT-maker OpenAI has abandoned plans to become a for-profit company and reaffirmed commitment to its nonprofit status. In a May 5 blog post, OpenAI confirmed plans to convert its for-profit business unit into a so-called Public Benefit Corporation (PBC), which would remain under...

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