Month: January 2023
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
Stablecoins Seem Unattractive as the Gap Between 3pool’s APY and Treasury Yields Widens
The annualized percentage yield from providing stablecoin liquidity on Curve’s 3pool, also known as DeFi’s savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note.
Would Baidu’s answer to ChatGPT make a difference?
Baidu, China’s top search engine provider and robotaxi developer, is apparently working on its own counterpart to ChatGPT. The news, first reported by Bloomberg and The Wall Street Journal, sent Baidu’s stock price rising on Monday to reach its highest point since September. A spokesperson for Baidu declined to comment on the reports. But it … Read more
NFT Marketplace SudoSwap Airdrops Tokens to Liquidity Providers and 0xmon Holders
SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable.
Portability and the C Language
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InstaDeep’s acquisition is a classic case of an African startup gone global
This January, Germany’s largest vaccine maker BioNTech announced that it had agreed to acquire Tunisian-born and London-headquartered AI startup InstaDeep for up to £562 million, including a performance-tied £200 million tranche investment. InstaDeep’s deal — subject to regulatory approval and expected to close in the first half of this year — is quite intriguing, for … Read more
Entocycle grabs $5 million for its insect breeding technology
Even if insects don’t sound appealing to you, black soldier flies could play an essential role in the food chain in the coming years. In particular, these flies’ larvae can become an important source of proteins for livestock and fish. That’s why Entocycle is raising another $5 million in a Series A funding round led … Read more
I want to lose every debate
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Groupon cuts another 500 employees in the second round of layoffs
Groupon has laid off another 500 employees in a measure to cut costs, the company said in an SEC filing last week. The e-commerce company had cut 500 jobs — nearly 15% of its workforce — previously in August 2022. The company said that this new set of layoffs will be spread across the first … Read more
Crypto firms cut nearly 3,000 jobs in January despite Bitcoin’s rise
It was a tough month for crypto employees with at least 14 firms announcing staff reductions in January.
BlockFi gets court nod to sell crypto mining assets
It is understood that BlockFi wants to get bids in as quickly as possible to make the most of the current market conditions.
Crypto wallets combat scammers with transaction previews and blocklists
New features aimed at protecting users come amid recent crypto thefts and phishing attacks targeted at well-known crypto executives and influencers.
Mastercard, Binance to launch their second prepaid crypto card in Latin America
Crypto adoption and usage in Brazil are higher than the global average.
Marko: An HTML-Based Language
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Millionaires flock to crypto: 82% sought investment advice in 2022
A recent study from deVere Group found a majority of their clients had asked their financial advisers about adding crypto to their portfolios.
Southeast Asia farm-to-table startup Secai Marche raises Series A
Secai Marche, a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. The round included participation from venture capital firm The Agribusiness Investment and Consultation Co., Spiral Ventures Asia Fund I and Beyond Next Ventures. This brings … Read more
FTX sister company Alameda Research sues Voyager Digital for $446M
FTX lawyers claim that Voyager Digital was complicit in its own collapse by “knowingly or recklessly” channeling customer funds to Alameda.
Labor officials found that Apple execs infringed on workers’ rights
The National Labor Relations Board (NLRB) found merit to complaints that high-level executives at Apple violated national labor law. This finding comes after the NLRB also found that Apple illegally interfered with labor organizing at retail stores in New York City and Atlanta. These charges were filed by Ashley Gjøvik, a former senior engineer program … Read more
China’s Hainan to boost NFT oversight as digital yuan trial ramps
Hainan’s market regulator wants to promote NFTs as part of the digital economy, but will actively work to weed out bad actors and speculative behavior.
Bitcoin Community Erupts In Existential Debate Over NFT Project Ordinals
Some are calling the new protocol, which stores NFTs on Bitcoin, as an attack on the blockchain’s original mission to conduct financial transactions, while others say the new use case should be embraced alongside other demands for block space.
Elon Musk wants Twitter payments system built with crypto in mind
Twitter’s upcoming payments tool will initially support only fiat currencies, but Elon Musk wants it built to potentially support crypto in the future.