AI risks financial stability, warns Indian central bank governor
India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities.
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Gate.io threatens legal action against rumor-mongers
Insolvency rumors surfaced after a series of events involving Multichain. Gate.io has denied any liquidity issues. Centralized crypto exchange Gate.io has threatened legal action in response to rumors of imminent bankruptcy. Crypto community members have been speculating since May about a possible connection between Gate.io and the troubled cross-chain protocol Multichain."Legal proceedings will be initiated…

Big miners pose a growing threat to Bitcoin
As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.

Synthetix DEX launch to join efforts reducing the ‘serious friction’ in DeFi
Decentralized derivatives protocol Synthetix is the latest project aiming to close the usability gap between centralized and decentralized exchanges — with a Q4 slated launch of the Synthetix V3 protocol and its decentralized exchange front-end, called Infinex.Speaking to Cointelegraph, Synthetix founder Kain Warwick said the Q4 slated launch of Infinex — a decentralized perpetual futures

Investing App Invstr Launches Cryptocurrency Index
Investing app Invstr has launched a cryptocurrency index for their platform, allowing users to follow cryptocurrency markets, according to a press release on Feb 6.Invstr’s crypto index will allow users to to track price fluctuations of the crypto market and make price comparisons of specific cryptocurrency pairs. The index will also include a range of…

Standard Chartered’s crypto custodian Zodia to raise $50M
Backed by several financial firms, Zodia expects to tap more diverse investors with a planned $50 million raise.

General Electric Participates in Blockchain Startup Xage Security’s $12 Mln Funding Round
The venture capital arm of General Electric (GE) has joined a $12 million investment round in blockchain startup Xage Security in order to develop its security fabric for industries from energy to building management, a press release confirmed July 23. The $12 million Series A funding round, led by March Capital Partners, included participation…

Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade
The Ethereum scaling solution has surpassed $1 billion in total value locked within a matter of weeks. 378 Total views 34 Total shares According to data from DefiLlama, total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has surged 284% in the past month. The vast majority of TVL consists…

Swedish Digital Marketing Firm Launches Blockchain-Based Ad Network
Swedish digital marketing company Tradedoubler has launched a blockchain-based platform to connect publishers with advertisers, according to a press release published on Feb. 27.The digital ad network, which will serve as a decentralized data storage, enables automated and more transparent interactions between advertisers and publishers, or websites looking to host ads. The platform is scheduled…