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The move is expected to attract crypto investors who had fled the country following the heavy burdens caused by taxations of unrealized profits. Undeniably, the cryptocurrency and blockchain markets have turned out to be a huge backbone for the development of economic growth prospects in many markets around the world. By
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Despite the crypto bear market, the Web3 ecosystem continues to grow. True to the notion that “bear markets are good for builders,” developers continue to flock into the Web3 space — the blockchain-based universe governed by smart contracts. Reports from early 2023 show that the number of monthly active Web3
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As Dropbox unveiled the new AI features, it also announced a new $50 million venture initiative to support startups in the AI world. With its recent announcements, file hosting service operator Dropbox is the latest tech company to embrace AI technologies. The company introduced two new features powered by AI and launched its
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HSBC CEO has doused fears that Silicon Valley Bank UK will suspend or not adequately focus plans on helping startups. The CEO of HSBC UK has said that Silicon Valley Bank UK will continue its regular business of serving startups regardless of new ownership. Ian Stuart noted that Silicon Valley Bank
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Chinese multinational tech company Baidu is launching a well-heeled fund to support AI development and growth. Baidu (NASDAQ: BIDU) appears set to launch a 1-billion yuan ($145 million) venture capital artificial intelligence (AI) fund to support AI startups. Today, the Chinese tech giant announced its AI fund intentions alongside other related initiatives. In
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Security remains one of the Web3 industry’s most important and relevant issues as decentralized finance (DeFi) protocols and enterprises continue to face exploits.At the Israel Crypto Conference, Cryptox talked to Shahar Madar, the head of security products at Fireblocks, about the necessary steps Web3 startups should take to secure their
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The “Google for Startups Cloud Program” initiative, which provides support for startups and emerging projects, will now be offered to builders in the Web3 industry to scale their projects faster and more securely, according to a press release on Tuesday. Eligible projects from pre-seed to Series A, will be able
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According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023. Crunchbase News highlighted the data in an April 20 report, noting that the $1.7 billion figure for Q1 2023 also marks
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ZA Bank is also looking to offer services to Web3 crypto startups, a sector widely underserved by the banking space. Hong Kong is giving a major push to crypto adoption just at a time when US regulators have initiated a strong crackdown on crypto companies. In the latest development, Hong Kong’s
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The zVentures Web3 Incubator (ZW3I) program will select developers who possess a strong track record in creating successful games. Razer Inc, an American-Singaporean multinational technology company that manufactures and distributes gaming hardware, has announced the launch of the zVentures Web3 Incubator (ZW3I) program. According to the company, the zVentures Web3 Incubator
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