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On September 14th, U.S. Energy Secretary Chris Wright warned oil traders not to expect a quick breakthrough on the Strait of Hormuz issue. Iran is planning to propose a shipping agreement to other Gulf states. In an interview on Sunday, Wright stated, "Expecting to reach a consensus agreement with Iran today is clearly not a good option." He said the market still needs to rely on alternative shipping routes. He estimated that these alternative routes can currently still supply about 10 million barrels of crude oil and petroleum products per day. Wright said, "Therefore, the current global oil market supply is indeed tighter than we would like, but not excessively so." Wright also said that Irans nuclear program will end "in some way," adding, "We prefer a negotiated solution. If negotiations fail, they can continue with a secret, hidden, covered-up, and denied nuclear weapons program, but after that, Iran will face the U.S. military, and the U.S. military will ensure they cannot develop nuclear weapons."U.S. Energy Secretary Wright stated that the U.S. will terminate Irans nuclear program "no matter what"; the U.S. expressed concern over the suspension of inspections of Irans nuclear program. Hoping to reach a Hormuz-related agreement with Iran is not a prudent option.Musk confirmed that Tesla will livestream the launch event for its Roadster electric sports car.According to the Iranian news agency IRNA: The Israeli military continues its airstrikes in southern Lebanon, bombing several towns and areas in Nabatieh.On September 14th, Business Insider, citing a source familiar with the matter, reported that Anthropic has chosen Nasdaq as the listing venue for its potential IPO. Another source indicated that the company, planning to list in October, has chosen Nasdaq, meaning the exchange has won another significant competition. Earlier this year, Nasdaq successfully secured a listing for SpaceX, which is valued at $1.75 trillion. Some estimates suggest Anthropic could be valued at $2 trillion, although this figure is not yet finalized. Previously, OpenAI CEO Sam Altman stated that OpenAI would not be going public at this time due to the controversy surrounding the potential existential threat of AI to humanity.

Meta Plans Virtual Currency, Creator Coins For Its Apps – FT

Skylar Shaw

Apr 07, 2022 10:14


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The Financial Times reported on Wednesday that Meta Platforms Inc is preparing plans to integrate virtual tokens and cryptocurrencies to its family of applications, with the goal of using such virtual tokens for rewarding creators, lending, and other financial activities.


The move, which is said to be in the early stages, comes as Meta expands its emphasis on services based on the metaverse, a virtual world where people socialize, work, and play.


It may also provide Meta with a new income stream and more control over transactions across its suite of applications and services, which includes Facebook, Instagram, WhatsApp, and the Meta Quest virtual reality platform, if it is adopted.


According to the FT story, which cited persons familiar with the situation, Meta's cryptocurrencies, internally called "Zuck Bucks," are meant for the metaverse and may not be based on blockchain.


According to the article, Meta might offer in-app tokens that would be centralized by the firm and could be used to compensate popular Instagram producers or reward those who make noteworthy contributions in Facebook groups.


"We have no developments to give today," a Meta spokeswoman said on Wednesday, adding that the business is focusing on developing for the metaverse, which "including what payments and financial services may look like."


Last month, Mark Zuckerberg, the CEO of Meta, said that Instagram would include non-fungible tokens (NFTs) in the "near-term."


Meta joined the Crypto Open Patent Alliance (COPA) earlier this year, a group of firms headed by Block Inc's Jack Dorsey that has promised to encourage open access to cryptocurrency technology.

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