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Magic Labs has so far raised more than $80 million and facilitated the creation of 20 million wallets with support from over 130k developers. Magic Labs Inc, an upcoming crypto wallet-as-a-Service (WaaS) provider, has announced the completion of a strategic funding round with $52 million to enable Web3 mass adoption. The
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Brazilian central bank’s digital currency (CBDC) pilot project is set to attract the participation of both national and global companies. Banco Central do Brazil, the country’s central bank, has announced its plan to onboard participants
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OpenAI, the parent company of the artificial intelligence chatbot ChatGPT, has launched an initiative to bring more democratic input to AI development. In the official announcement on May 25, the company said it is preparing to award 10 grants worth $100,000 each toward experiments in setting up a “proof-of-concept,” democratic process
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Tools of Humanity, the company behind the Worldcoin project, said that the capital raised shall go towards boosting research, growth and other development efforts for the project. Sam Altman, the chief executive of has recently secured $115 million in fresh Series C funding for the Worldcoin project. Blockchain Capital led
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A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users' funds, according to on-chain detective, ZachXBT. In a thread, the crypto sleuth showed a diagram that detailed the movement of the funds. The
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a major leap forward for the decentralization of the internet, TBD, a subsidiary of Jack Dorsey’s fintech company Block, has introduced an open-source toolkit for its ambitious web5 project. The toolkit’s release precedes the
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The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have published the results of their joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+). The project examined the use of central bank digital currency for wholesale cross-border payments using
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MIAMI BEACH, Florida – TBD, a division of Jack Dorsey’s financial-technology company Block (SQ), has launched a new open-source toolkit for its Web5 project, designed to make it easier for developers to create decentralized Internet applications. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied When comparing STEM and Chiliz projects, it is clear that they represent different approaches to the use of tokens in the sports industry. Chiliz creates fan tokens for sports teams, the price of which is based solely
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Federal prosecutors have accused Wang for agreeing to work for a US subsidiary of a Chinese automaker a few months before he left Apple in 2018. Weibao Wang, a former Apple employee, is now facing major charges of stealing trade secrets from Apple’s self-driving car division and passing on the information
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