EU AI rules stifle innovation, Meta and Spotify CEOs warn
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.
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Crypto infrastructure firm Fireblocks valued at $8B following $550M raise
Digital asset custody platform Fireblocks has raised $550 million in Series E funding to become one of the blockchain industry’s most valuable companies, underscoring heightened institutional appetite for cryptocurrency products despite extreme price volatility. The investment round was co-led by venture firms D1 Capital Partners and Spark Capital, with participation from Parafi Growth Fund, Canapi Ventures,…
All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone
China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the…
Coinbase’s Professional Platform to Begin Listing Process for Algorand Token
Major cryptocurrency platform Coinbase is adding the Algorand protocol’s eponymous token to its professional-targeted trading platform Coinbase Pro on Aug. 14.Coinbase announced this latest addition in an official blog post on Aug. 9. The cryptocurrency exchange will scale up to full Algorand (ALGO) trading in four steps: transfer-only, post-only, limit-only and full trading. The announcement also…
Reddit Co-Founder Leads $5M Funding Round for Blockchain Game Developer
On March 7, Horizon Blockchain Games announced it has raised $5 million a fundraising round led by Initialized Capital — the investment firm co-founded by Reddit co-founder Alexis Ohanian. The raise comes ahead of the release for Horizon’s blockchain-based card game SkyWeaver.In the blog post, Horizon Blockchain Games co-founder Peter Kieltyka stated that the funds…
Adam Back: Creating Altcoins More Attractive Than Building on Bitcoin
Bitcoin (BTC) technology pioneer Adam Back explained at the Transylvania Crypto Conference that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin.Forbes reported Back’s remarks on Oct. 21, noting that he is also the co-author of the “Enabling Blockchain Innovations with Pegged Sidechains” paper about Bitcoin sidechains released about five years…
Bitcoin tackles unique challenges in emerging markets
The adoption of Bitcoin continues to be driven by case-by-case needs as Blockchain Economy Istanbul hones in on emerging markets. 327 Total views 38 Total shares The adoption of Bitcoin (BTC) in emerging markets was a focal point on the first day of the Blockchain Economy Istanbul event, with calls for a focus on case-by-case…
Here’s why Binance Coin is 33% down from its all-time high
Binance Coin (BNB) holders enjoyed a 1,760% rally from $37 to $692 between January and May 2021, but as is customary in crypto, this surge was followed by a 69% correction two weeks later. From there, it’s been a bit of a rough patch to regain investors' confidence and BNB failed to produce another all-time high…
Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources
Decentralized Internet project TRON (TRX) and China's largest Internet search provider Baidu will cooperate on cloud computing resources, according to an official tweet from the TRON Foundation posted yesterday, October 17.The tweet confirms a series of unofficial reports that have been circulating since Oct. 13. The first indication that the nature of the Baidu-TRON cooperation…