Solana-based Automation Startup Clockwork to Shut Down
Solana-based automation project Clockwork’s developers are moving on from the venture-backed startup after finding it had “limited commercial upside.” Source
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Startup
Top UK university partners with AI startup to analyze crypto market
Imperial College London announced a partnership with the artificial intelligence (AI) startup FluidAI on Aug. 21 to help troubleshoot issues in the digital asset market using emerging technologies. The university’s AI lab I-X will be working alongside FluidAI to improve the “tokenized market” for institutions, trading platforms and retail investors. Particularly,
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Drake-backed gambling startup Stake faces legal hurdles in Australia
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stake’s expansion plans are marred by a legal showdown. An Australian share trading platform of the same name is threatening to take the startup, founded by billionaire Ed Craven and backed by hip-hop star Drake,
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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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Hedge Fund Brevan Howard Backs Liquid Staking Startup Puffer in $5.5M Seed Funding Round
The funding round also included Bankless Ventures, Animoca Ventures, Kucoin Ventures, DACM, LBK, SNZ and Canonical Crypto. Puffer previously received backing from The Ethereum Foundation through a $120,000 grant, and a $650,000 pre-seed round led by Jump Crypto. Source
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Japanese startup to use stablecoins and CBDC to link Asian countries
Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian countries.Soramitsu will deploy Cambodia's CBDC and fiat-pegged stablecoins as part of its new payment system targeting countries like India, China, Japan and regions like Southeast Asia.The
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KX drives web3 adoption with crypto startup investments
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied One of Thailand’s leading venture capital firms says it’s focused on boosting web3 adoption in its home country and the region by investing strategically in startups developing essential tools for onboarding new users. KX, a venture builder
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Yuga Labs Acquiring Metaverse Startup Roar Studios
Yuga Labs, which acquired a number of non-fungible token (NFT) projects including CryptoPunks, Meebits and 10KTF, has expressed its intention to craft Otherside as a place for all of its intellectual property to converge. While still in beta, the company has been steadily teasing updates to Otherside via massive live
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Crypto Startup Ramp Network Starts Brazilian Unit as First Step in Latin America Expansion
“This year, we are fully dedicated to establishing a strong presence in Latin America, and the reason for that is that this is a very interesting market for us,” Łukasz Anwajler, chief technology officer at Ramp, told CoinDesk, citing latest survey published by blockchain data analytics platform Chainalysis. Original Source
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Crypto VCs share lessons on startup success at EthCC
When bringing a new crypto to market, the fastest way to do so is arguably with the help of venture capital (VC) financing. But such a high-risk, high-reward operation in a rapidly evolving field can carry a large degree of uncertainty. At the EthCC event in Paris, several prominent VCs
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