Tether Buys $200 Million Majority Stake In Brain-Computer Interface Company (coindesk.com) 14
Crypto company Tether announced Monday that it has invested $200 million to acquire a majority stake in brain-computer interface company Blackrock Neurotech via its venture capital division Tether Evo. [The firm is not related to the asset management giant BlackRock.] CoinDesk reports: Blackrock Neurotech develops medical devices that are powered by brain signals and aims to help people impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the medical devices and also for research and development purposes, the press release said. Tether is the company behind USDT, the largest stablecoin with a market cap of $110 billion. Recently, Tether established four divisions to expand beyond stablecoin issuance. "Tether has long believed in nurturing emerging technologies that have transformative capabilities, and the Brain-Computer-Interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation, and cognitive enhancement," Paolo Ardoino, CEO of Tether, said in a statement.
Makes sense (Score:3)
Soon, Nigerians will be lining up to get 100 USDT if they volunteer to be fitted with an experimental prototype!
Re: (Score:2)
And then we'll start getting emails that they need our bank account info to transfer the money from their brain's crypto wallet.
pivot (Score:2)
Where's all this added value coming from? (Score:3)
03/03/2015: $152250.46
04/30/2024: $110.60 BILLION
Re: (Score:3)
The drug trade.
Big tech is a pyramid scheme. (Score:3)
The power structure is crumbling but no one in power is capable of admitting it so corporate backed content is just going to look sillier and sillier.
This is a fake article about a fake business model being used to justify a fake data center. Yuck.
brain ransomware (Score:5, Funny)
Your brain will be encrypted unless you pay up.
Re: (Score:2)
Your brain will be encrypted unless you pay up.
While that's a ha-ha today, I'd be far more fearful as the brain interface nonsense picks up that some executive somewhere will decide the best use of them is to black-out the person with the implant to show them an ad at specific times of day inside their own head. Imagine not being able to shut your eyes or turn away from the screen, it's just something you see even with your eyes closed and hear with your fingers in your ears. Now that we've seen how truly twisted the business world is and how far they'r
Re: (Score:2)
Johnny Mnemonic was only a few years off!
Elon? (Score:1)
The Matrix (Score:2)
Buy a company which creates brain interfaces.
Combine with your power-wasting processes.
Hire people who only want to work from home.
Profit!
buy crypto in your sleep (Score:2)
I'm sure it allows you to trade crypto 24/7, even while you sleep.
These guys think the future actually looks like cyborgs running on an economy based on speculation.
With what money? (Score:2)
How do we know Tether didn't use customer funds? After the FTX disaster, I'm automatically suspicious.