Fetch.ai opens new AI lab in San Francisco, commits $10M per year to support startups
Aug 23, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Fetch.ai has launched an Innovation Lab in San Francisco with a $10 million annual funding pledge. The lab focuses on developing AI agent solutions that deliver real-world value. Share this article Fetch.ai, a founding member of the Artificial Superintelligence Alliance, has opened its Innovation Lab in San Francisco, the company shared in a […]
Kraken operator loses case in Australia over margin trading product
Aug 23, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Bit Trade failed to comply with design and distribution obligations for its margin trading product. ASIC plans to seek financial penalties against Kraken’s Australian operator. Share this article The Australian operator of Kraken exchange, Bit Trade Pty, has lost a case in Australia’s Federal Court over its margin trading product. As Reuters reported, […]
US Bitcoin ETFs extend inflow streak as BlackRock reels in $75 million
Aug 23, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways BlackRock’s US Bitcoin ETFs gained $75 million in new inflows on August 22. US spot Bitcoin ETFs have seen six consecutive days of inflows, totaling over $250 million so far this week. Share this article US spot Bitcoin exchange-traded funds (ETFs) have secured their sixth consecutive day of positive performance after collectively taking […]
World’s second-largest development bank AIIB raises $300M in first blockchain-based digital bond issuance
Aug 22, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways AIIB’s debut digital bond, backed by blockchain, matures in 2027. Citi and BMO act as dealers and facilitators for AIIB’s $300 million bond issuance. Share this article Beijing-based Asian Infrastructure Investment Bank (AIIB) has raised $300 million in its inaugural bond issuance using blockchain-based tech from Euroclear, the same blockchain platform used by […]
SunPump tops Pump.fun in 24-hour memecoin revenue
Aug 22, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways SunPump generated $567,000 in revenue from 7,531 memecoins on a single day. SunPump’s daily earnings surpassed PumpFun’s by a significant margin. Share this article SunPump, a Tron-based memecoin generator, recently surpassed Pump.fun in daily revenue, marking a significant milestone in the memecoin market. On Wednesday, SunPump generated approximately 3.65 million TRX, equivalent to […]
Grayscale rolls out Avalanche trust product
Aug 22, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Grayscale’s Avalanche Trust offers exposure to the AVAX token, enhancing its crypto product range. The AVAX token is crucial for transaction fees and blockchain security on Avalanche. Share this article Leading asset manager Grayscale Investments announced today it is launching the Grayscale Avalanche Trust, a new investment product aimed at providing investors with […]
Tanssi expands appchain deployment services to Ethereum via Symbiosis
Aug 22, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Tanssi enables rapid deployment of decentralized networks on Ethereum in minutes. The partnership with Symbiotic allows access to billions in shared security from staked ETH. Share this article Tanssi Foundation has expanded its blockchain infrastructure protocol to Ethereum, enabling rapid deployment of decentralized networks known as Actively Validated Services (AVS) in minutes. According […]
Kamala Harris’ support for crypto growth gets validation from Coinbase’s policy chief
Aug 22, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Coinbase CPO confirms Harris team’s constructive approach to crypto innovation. Harris campaign ramps up crypto support with “Crypto for Harris” events and positive statements. Share this article A potential friendly stance on crypto by US presidential candidate Kamala Harris was confirmed by Coinbase’s Chief Policy Officer (CPO) Faryar Shirzad. In an X post […]
Binance goes on a hiring spree, set to employ 1,000 more for compliance roles
Aug 21, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Binance is increasing its compliance workforce to 700 by the end of 2024. The company’s spending on compliance has risen to over $200 million annually. Share this article Binance plans to hire 1,000 employees this year, with a focus on compliance roles, as the crypto exchange’s annual regulatory compliance spending exceeds $200 million.The […]
Kamala Harris eyes support for crypto industry growth with consumer safeguards: report
Aug 21, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Kamala Harris supports more favorable crypto policies, according to her campaign. The crypto industry seeks stable regulatory rules, notes Brian Nelson. Share this article Vice President Kamala Harris plans that would help and support policies fostering growth in the crypto and digital asset industry while maintaining consumer protections, a report from Bloomberg indicates, […]