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SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade


U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) could spark a financial crisis in the next decade. Noting that he has raised this concern at the Financial Stability Board and at the Financial Stability Oversight Council, the SEC chief...

Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding


The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse...

Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding


The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...

ZepetoX raised 13M on Arbitrum; ROE expansion attracts experts


ZepetoX (ZTX), the Jump Crypto and Zepeto-backed initiative, recently raised 13 million for its metaverse platform on Arbitrum. At the same time, experts are still drawn to Borroe ($ROE) as it maintains its stance as the best ICO right now. The game-changing $ROE The volatility of the crypto...

Cypher Says Token Offering Part of Steps to Make Users Whole


The Solana-based digital asset exchange announced on Aug. 23 that it is planning the “most fair” token launch in the history of Solana. According to Cypher, part of the funds raised via the initial decentralized offering will be used “to sustain protocol development, pay...

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