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Grayscale Just Unleashed Its Latest Cash-Grab Schemes Focused on the Magic of Artificial Intelligence and Blockchains That Don’t Actually Scale

Crypto NewsFeaturedStablecoins 4 Doug Martinez August 16, 2024

An illustration of an old man holding onto two balloons with 'TAO' and 'SUI' written above them as they float away into thin air; he is surrounded by broken chains and shattered glass on the ground. A faint image of a blockchain in the background appears to be crumbling apart, while nearby AI robots are shown malfunctioning or falling over. The old man's face shows frustration and despair. In contrast, two younger figures stand at a distance watching with indifference as they hold onto smartphones displaying 'Grayscale' logos on their screens;

Oh boy, Grayscale’s at it again! Launching two new trusts because they think AI and scalable blockchain tech will make them rich off gullible investors. Like we haven’t seen this before – “oh look, shiny crypto with a buzzword attached to it!” Meanwhile, the rest of us know that these tokens are just numbers on a computer created from nothing

Source: bitcoin.com

Grayscale Launches 2 New Crypto Trusts Focused on AI and Scalable Blockchain Tech
https://news.bitcoin.com/grayscale-launches-2-new-crypto-trusts-focused-on-ai-and-scalable-blockchain-tech
Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of decentralized artificial intelligence (AI) and scalable blockchain technology. According to Grayscale, the Bittensor Trust (TAO) and Sui Trust (SUI) are designed as Delaware Grantor Trusts, passively holding their respective underlying assets. The Bittensor Trust focuses on […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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