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Jay-Z and Jack Dorsey Funded ₿trust Acquires African Bitcoin Developer Training Company Qala

Qala will now rebrand to ₿trust Builders Programme and join forces with its parent company to democratize the development of open-source Bitcoin software. ₿trust, a non-profit organization committed to decentralizing the development of open-source Bitcoin software, has announced the acquisition of Qala, a leading organization training the next generation of African

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Polygon makes new sidechain developer stack opensource, supporting ZK-powered Layer 2s on Ethereum

The Ethereum (ETH) ecosystem could welcome a variety of new layer 2 (L2) protocols built on Polygon’s newly open sourced codebase Chain Development Kit, which harnesses zero-knowledge proof (ZK-proof) technology to ensure security and fast finality.Jordi Baylina, technical lead of Polygon Hermez zkEVM, spoke to Cryptox exclusively about the new

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ZK-proof Web3 infrastructure developer gets backing from Binance Labs

Zero-knowledge proof technology continues to garner interest and investment as Binance Labs becomes the latest firm to invest in ZK-proof-powered infrastructure developed by Delphinus Lab.Binance’s venture capital arm announced a strategic investment into Delphinus Lab’s zero-knowledge WebAssembly (zk-WASM) virtual machine. The zk-WASM is being labeled as the first known open-source

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IBM Watson developer raises $60M for AI startup Elemental Cognition

David Ferrucci, the artificial intelligence (AI) researcher who led the team behind IBM Watson’s development — the question-answering supercomputer developed by IBM — has raised nearly $60 million for his Elemental Cognition AI startup.According to a submission on Aug. 17, the company has finalized equity sales amounting to $59.95 million from 17

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Shiba Inu lead developer queries Coinbase’s ‘Onchain Summer’ campaign

Shiba Inu lead developer Shytoshi Kusama has responded to Coinbase’s Onchain Summer campaign. Kusama suggested that the crypto exchange’s campaign appeared to have similarities with the ideas initially presented by the Shiba Inu community.Kusama responded to Coinbase’s CEO Brian Armstrong’s update with the statement, “If it isn’t a shadowcat, it’s

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AI chip developer gets $100 million from Samsung and Hyundai

The artificial intelligence (AI) chip developer Tenstorrent announced the closing of a $100-million funding round on Aug. 3, which was led by major manufacturing companies Samsung and Hyundai, among others. The company said it raised $30 million from Hyundai, $20 million from the automobile manufacturer Kia, and $50 million from the Catalyst

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BALD token developer denies rug pull as price falls 85% post-launch

A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled 1,034 Ether in liquidity, worth approximately $1.9 million, from the market, according to social media reports and blockchain data. The developer for Bald (BALD) denied making any market sales of the coin, stating, “[I] just added/removed

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