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IBM launches $500M fund to develop generative AI for enterprise

7.11.2023
The new fund follows IBM’s participation in a $235M series D funding rounding in August for generative AI firm Hugging Face

Cardano to develop its partner chain on Polkadot’s Substrate

7.11.2023
Input Output Global, also known as IOG, has shared insights about how partner chain projects are coming to Cardano through Substrate. The Polkadot SDK makes it convenient for others to use the chain as it demonstrates its potential to expand within the Web3 boundaries. IOG has described its partner...

Bitcoin Mining Company Hut 8 to Bid for Natural Gas Power Plants and Bitcoin Facility

7.11.2023
Hut 8, a public Bitcoin mining company, announced it has been cleared to issue a “stalking horse” bid for several natural gas power plants and a Bitcoin mining site. The Canada-based miner hopes to integrate these services to expand its business to sell power to the market and develop...

South Korea’s Largest Mobile Operator Partners with Aptos and Atomrigs Lab to Offer Enhanced Web3 Experience

7.11.2023
SK Telecom , South Korea’s leading mobile operator, has partnered with Aptos and Atomrigs Lab to further develop its Web3 wallet service to offer enhanced experience to users. The collaboration aims to provide users with a seamless and secure experience in the web3 environment, focusing...

OCCRP Investigation Alleges Bukele Embezzled $200 Million for Bitcoin Projects in El Salvador

2.11.2023
An investigation led by the Organized Crime and Corruption Reporting Project (OCCRP) alleges that Nayib Bukele, President of El Salvador, deviated hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI) to develop the project of making bitcoin legal...

JPEX Scandal Won’t Deter Hong Kong’s Web3 Market Development, Says Treasury Secretary

2.11.2023
Amidst the $213 million scandal involving the cryptocurrency exchange JPEX, the Hong Kong government has maintained its commitment to advancing its Web3 vision for the region. Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, assured the city’s vision...

Digital Euro Enters ‘Preparation Phase’ — ECB Says ‘Digital Euro Would Make Data Protection a Priority’

19.10.2023
The European Central Bank (ECB) has decided to move its digital euro project to the next phase after two years of investigation. The “preparation phase” of the digital euro will involve “finalizing the digital euro rulebook and selecting providers that could develop a digital euro platform...

Fed Governor Questions Need for US Central Bank Digital Currency

18.10.2023
A top Federal Reserve official said Tuesday she has yet to be convinced there is a need for the U.S. central bank to develop a digital currency. Fed Governor Remains Unconvinced on U.S. CBDC, Cites Existing Innovations and Risks In a discourse at Harvard Law School, Fed Governor Michelle Bowman...

Fluent Finance Partners With UAE to Develop Deposit Token Tech

14.10.2023
Fluent Finance, a US-based startup that aims to bridge banking and Web3, has announced that it will partner with the Ministry of Economy of the United Arab Emirates (UAE) to develop deposit token-based tech. The company, which takes advantage of the Nextgen FDI growth program, will open operations...

China Opens Digital Yuan Park in Shenzhen

14.10.2023
Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to boost the digital yuan use in the region. Shenzhen...

Star Atlas allows Solana creators develop for free in SAGE Labs

4.10.2023
Star Atlas recently announced expanding its services to Solana builders and creators. The venture is allowing Solana developers free development in SAGE Labs and beyond. Any developer looking to leverage SAGE Labs features for their dApps can easily do it now. The integration has opened the doors...

Samsung to develop AI chips with Canadian startup Tenstorrent

3.10.2023
The race to develop AI chips continues as Samsung’s chip manufacturing department partnered with Canadian startup Tenstorrent to produce chips and intellectual property for data centers

India to develop dark net monitoring tool to combat crypto fraud: Report

22.9.2023
The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report

Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm

21.9.2023
The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”...

German Finance Heavyweights Develop Fully-Insured Crypto Staking Offering, Plan 2024 Release

15.9.2023
Boerse Stuttgart Digital, the crypto-focused arm of the Stuttgart Stock Exchange, has already obtained a digital asset custody license in Germany

Animoca plans to develop digital IDs and point system for Web3

11.9.2023
Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and point system for Web3 culture, gaming and entertainment

Nigerian Web3 Startup Nestcoin Secures $1.9 million in Funding

11.9.2023
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...