With the recently secured Series B funding, Fnality is poised to continue its pioneering work in the tokenization of fiat currencies backed by Central Bank cash. Fnality, a fintech firm focused on building tokenized versions of major currencies collateralized by cash held at central banks, has successfully secured $95 million in its Series B funding…
The CMC Labs program will last for one year only. Notably, it is highly selective, with a limited number of participants. Those who want to become a part of CMC Labs have to meet a number of certain criteria. The world’s leading provider of data on crypto market capitalizations CoinMarketCap has announced the launch of…
Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and…
Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth…
The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists. IYK, a Web3 startup whose clientele includes Adidas, Billionaire Boys Club, and Atlantic Records, has successfully raised over $16.8 million in a seed round. Founder Ryan Ouyang…
Bastion plans to use the funds to scale its operations, attract top engineering talent, and secure additional licensing to diversify its product offerings. Bastion, a newly launched Web3 startup co-founded by two former executives from Andreessen Horowitz‘s digital assets venture division a16z Crypto, has secured $25 million in a seed funding round despite recent challenges…
In pursuit of this mission, Swisstronik has recently unveiled two groundbreaking milestones. The startup closed a seed funding round, amassing an impressive $5 million. The second pivotal development by Swisstronik is the initiation of a private token sale, targeting early adopters. Swisstronik, a Web3 compliance startup based in Switzerland, is making significant waves in the…
The paid plan for Claude Pro has been competitive priced in order to directly compete with ChatGPT Plus. On Thursday, September 7, popular AI startup Anthropic, co-founded by ex-OpenAI employees, announced the launch of its first paid subscription plan for its AI-powered, text-analyzing chatbot Claude Pro. The paid version of the Claude chatbot shall be…
Automakers Display New Models At The Los Angeles Auto Show Mario Tama/Getty Images News The stock market has never lacked shaky-looking enterprises that a prudent investor might consider “interesting” without committing even a penny of capital. The latest such example is VinFast Auto Ltd. (NASDAQ:VFS), a battery-electric vehicle (BEV) startup listed in Singapore whose roots…
AI21 Labs is planning to use the money raised for developing AI products that will compete with ChatGPT developer OpenAI and AI safety and research company Anthropic. AI21 Labs, a Tel Aviv-based AI lab and product startup, has raised $155 million in a Series C funding round that was led by such companies as Walden Catalyst Management…
Hugging Face provides various tools with AI code for data science hosting and development. The startup plans to use fresh funds for further expansion. In the latest Series D funding round, Hugging Face Inc – a startup making AI software and hosting it for other companies – secured $235 million in funding at a valuation…
Although there’s no official word on the cost of acquisition, reports suggest that Tesla must have paid anywhere between $50 million to $100 million. As electric-vehicle giant Tesla Inc (NASDAQ: TSLA) pushes further in building its wireless charging tech, the company announced an acquisition of Germany-based wireless charging startup Wiferion. The news about the acquisition…
Bitcoin Startup Lab is gearing up for its Summer 2023 cohort, bringing together industry titans, investors and innovators to fuel growth in the Bitcoin ecosystem. With a focus on collaboration and mentorship, the pre-accelerator program aims to enable founders to create innovative solutions on Bitcoin. The program spans 12 weeks and has doubled the number…
Bipa, a Brazilian startup aiming to simplify financial transactions through Bitcoin, has announced the successful closure of its seed investment round, raising R$8 million (approximately $1.4 million). Notable investors include New Form Capital. a venture capital fund focused on early-stage startups involved with blockchain technology and the financial market and Hivemind Ventures, which invests in…