Before launching its beta, the cryptocurrency payment firm FLUUS announced the conclusion of pre-seed financing. Many angel investors, FHS Capital, Base64 Ventures, and others took part in the round that raised $600,000. A fiat-crypto on- and off-ramp being developed by FLUUS will allow users to access web3 services like token
February 28, 2023 2 mins read
After the triumph of ChatGPT, Mark Zuckerberg has launched a new language model for Meta. Both Google’s Bard and OpenAI’s chatbot use extensive language model systems, which are the backbone of any generative AI system. According to CNBC, Meta has trained a system they name LLaMA and plans to reveal
February 26, 2023 2 mins read
Jefferson City, Missouri native, 51-year-old Matthew Klinger was sentenced to five years of probation for shooting at a bitcoin ATM. He said he damaged it so that it was unable to accept money from any other person, albeit it’s not clear whether the machine was broken, to begin with. According
February 26, 2023 1 min read
Before the much-anticipated March update to Ethereum Shanghai, Tron founder Justin Sun staked millions of dollars’ worth of Ethereum (ETH) on the Ethereum liquid staking platform Lido Finance. On February 25th, on-chain analytics portal Lookonchain disclosed that an address attributed to Justin Sun staked over $240 million in ether (ETH)
February 25, 2023 1 min read
Key financial stability and regulatory concerns were covered during the inaugural G20. During Finance Ministers and Central Bank Governors (FMCBG) conference under India’s chairmanship. In a recent report, India asked other countries to consider the long-term effects of crypto assets on the global economy. And called for the development of
February 25, 2023 2 mins read
India brings together entrepreneurs, web3 enthusiasts, and content creators to connect and inspire each other. Adding to that, Chennai is becoming more popular for its supportive stance towards content creation and Web3 technology. As a result, Creaticon is hosting a creator meetup in chennai which paves a way to talk
February 25, 2023 3 mins read
In addition to challenges with U.S. regulators. The biggest cryptocurrency exchange Binance has also encountered difficulties with Australia’s Securities and Investments Commission (ASIC). Many traders were incorrectly labelled “wholesale investors,” and on Thursday, Binance liquidated their derivatives accounts. Then, the company announced its intention to compensate those consumers who were
February 25, 2023 2 mins read
The revenue for Jack Dorsey’s payment processing firm, Block, exceeded Wall Street’s forecasts, but the bottom line fell short. Block reported income of $1.83 billion in Bitcoin from its Cash App business unit in the prior quarter, down 7% year over year as compared to the same period in 2021.
February 24, 2023 1 min read
Ark Invest, Cathie Wood’s investment management business, has made its biggest purchase of Coinbase shares ever. Cathie Wood is unfazed by Coinbase’s declining sales and regulatory uncertainties in the U.S. crypto sector. Quarter 4 revenue for Coinbase was $605 million, down significantly from $2.49 billion in the same period last
February 23, 2023 1 min read
The arrival of Binance, a major cryptocurrency exchange, into the South Korean market has caused concern among the country’s financial regulators. Binance, the biggest cryptocurrency exchange in the world, returned to South Korea on February 3. After a two-year absence by acquiring a controlling stake in the fifth-largest cryptocurrency exchange
February 23, 2023 2 mins read
