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82 articles found
Latest
Hyperbolic Raises $12 Million in Series A Funding
Hyperbolic, a startup focused on building decentralized AI infrastructure, has announced the successful closure of a $12 million Series A round led by Variant Fund and Polychain Capital. This brings the company’s total funding to $20 million.
Paxos Launches New Stablecoin USDG
On October 31, Paxos, a prominent blockchain and tokenization infrastructure provider, launched its new stablecoin, the Global Dollar (USDG), pegged to the U.S. dollar. USDG has been developed under the strict guidelines of the Monetary Authority of Singapore (MAS).
Paxos Unveils New Payment System: Revolutionizing Transactions
Paxos, a fintech company focused on building blockchain and digital asset infrastructure, has launched a new platform designed for stablecoin transactions.
FalconX: Pushing Forward with Crypto Company Acquisitions
FalconX is accelerating its efforts to expand through acquisitions. The company plans to focus on acquiring top-tier, smaller companies, with a primary interest in tokenization, institutional infrastructure, and data analytics.
TeraWulf Sells Nautilus Stake for $92M to Boost AI Capabilities
TeraWulf, a leading player in digital infrastructure, has finalized the sale of its 25% stake in the Nautilus joint venture to Talen Energy Corporation, netting $92 million.
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Treasure Considers Switching to ZKsync
Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal.
What Is Bitcoin Virtual Machine (BVM)?
Bitcoin Virtual Machine, shortly BitVM or BVM, is a blockchain infrastructure that brings complex smart contracts to the Bitcoin Network, thus enabling new use cases for it. The solution was first proposed in the paper “BitVM: Compute Anything on Bitcoin” by developer Robin Linus on October 9, 2023.
GaiaNet: An Overview of the Project with Airdrop Prospects
GaiaNet is a decentralized AI infrastructure platform that enables the creation, deployment, scaling, and monetization of AI agents.
Financial Services Committee Calls for RWA Tokenization Rules
On June 5, the U.S. Financial Services Committee hosted a public hearing titled "Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets." The event gathered experts including lawyers, representatives from government financial institutions, and private business executives.
Ondo Finance - Ondo Protocol and ONDO Token Review
Ondo Finance is a crypto ecosystem focused on providing an infrastructure for traditional financial institutions and DeFi. To achieve this, the protocol uses tokenization solutions and has its native token, ONDO. Read on to find out what Ondo Finance is and how it works.
Deutsche Telekom to Use Excess Energy for Bitcoin Mining
German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.
Ankr and TON Join Forces: A Look at the New Integration
On October 24, Ankr, a decentralized Web3 infrastructure provider, announced its support for the TON blockchain, aimed at facilitating the development of Telegram-focused dApps. This move seeks to make the process of building applications in the TON blockchain ecosystem, which is tightly connected to Telegram, more efficient.
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Ripple Announces Key Partners for RLUSD Stablecoin
Ripple, a leading digital asset infrastructure provider, has announced its partners for the launch of the RLUSD stablecoin. Bitstamp, Uphold, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish will be collaborating on this initiative. Market makers B2C2 and Keyrock are also on board to support RLUSD’s liquidity.
Crypto Projects Raise Over $600M in September 2024
Data reveals that venture capitalists, returning from their summer break, focused heavily on DeFi, blockchain infrastructure, and blockchain services. The top-funded projects include Celestia, Infinex, Drift Protocol, and The Open Network.
BlackRock to Launch AI Infrastructure Fund
BlackRock, the global asset management firm, is set to launch a more than $30 billion investment fund aimed at advancing AI infrastructure, including power projects and data centers. This will be one of the largest funds of its kind on Wall Street.
What Is 0G (Zero Gravity)? Web3 Infrastructure for AI Apps
0G, short for Zero Gravity, is a Web3 infrastructure that aims to increase blockchain throughput with its infinitely scalable data availability layer. Data availability (DA) is the chain’s capacity to ensure data for validating transactions, such as the sender and receiver addresses, and the block size, is accessible to all network participants.
CleanSpark Acquires GRIID
CleanSpark, a mining company, is acquiring the U.S.-based infrastructure firm GRIID for $155 million. The boards of both companies have approved the deal, which now requires the nod from other shareholders and regulatory bodies. The acquisition is expected to be finalized by the third quarter of 2024.
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Tether’s $1 Billion Bet on Fintech, AI, and Biotech
Tether, the issuer of the USDT stablecoin, is set to invest another $1 billion over the next year in projects related to alternative financial infrastructure, artificial intelligence, and biotechnology.
Microsoft Releases AI Tool for U.S. Intelligence Agencies
Microsoft has developed a generative AI model specifically for U.S. intelligence agencies, aimed at processing the large volumes of confidential data they receive daily. This AI operates independently of the internet and is managed via a dedicated cloud infrastructure.
Runes: Everything You Need to Know About the New Bitcoin Protocol
Six months after the announcement of the new Bitcoin protocol Runes, it's finally ready for launch. The event is scheduled to coincide with the Bitcoin halving, around April 20, marking another evolutionary step for the world’s first payment blockchain.
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