Nov 20, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the latest developments after OpenAI's board suddenly ousted CEO Sam Altman last Friday.

Video transcript

Fall out at open A I and the millions voluntarily frozen by Tether. You're watching Coindesk Daily. I'm your host, Jen Snay. All right, let's take a look at the markets. The coin desk, Bitcoin price XBX index is currently at $37,615. This comes after Argentina elected pro Bitcoin heavier Malay to be its next president. The unexpected firing of open A I's Sam Altman, he will be joining Microsoft along with the company's co-founder and president and other former staff members. Altman was ousted last week when the board said it no longer had confidence in him to continue leading the company, Emmett Shear co-founder and former CEO of streaming service. Twitch has been appointed as open A I's new CEO. Meanwhile, hundreds of employees have reportedly pushed to bring Altman back according to a letter obtained by Wired Open A is major investors also reportedly pushed over the weekend to reinstate Sam Altman A CEO and replace the current board stablecoin where Tether has frozen $225 million worth of its own stablecoin. It follows an investigation by the US Department of Justice into an International Human trafficking syndicate in Asia. It marks the largest ever freeze of a stablecoin. And finally, a little news about ourselves. Cryptocurrency Exchange bullish has bought coin desk. That's according to the Wall Street Journal. Bullish is run by former New York Stock Exchange president, Tom Farley. The company reportedly bought 100% of coin desk from digital currency group in an all cash deal. Financial terms of the deal were not disclosed. That's a wrap for coin desk daily. Get more updates on coin and we'll see you next time.

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