Jack Dorsey Gives Decentralized Social Network Nostr 14 BTC in Funding
The former Twitter CEO has donated roughly 14 BTC worth $245,000 to fund Nostr’s development, after recently publishing his views on a native internet protocol for social media.
The Bitter Lesson (2019)
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Crypto Markets Today: Archblock Attempting to Bring US Banks to DeFi; Bitcoin and Ether Stall
Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Incoming House Financial Services Committee Chair Asks Secretary Yellen to Delay Crypto Tax Provision
Rep. Patrick McHenry, the soon-to-be chair of the House Financial Services Committee, wrote a public letter to Treasury Secretary Janet Yellen asking her to delay the implementation of the tax provision in last year’s infrastructure law.
Sun King, a provider of solar energy products in Africa and Asia, expands Series D to $330M
Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity investment led by LeapFrog Investments. It’s an extension of the $260 million Series D round the solar company announced this April, which was led by BeyondNetZero, the climate investing venture of General Atlantic and M&G Investments’ … Read more
Aztec Network secures $100 million in Series B funding led by a16z
With the funds, Aztec Network plans to hire more engineers and build a new encrypted blockchain.
Common Lisp (1986)
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Apollo Layoffs
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SBF’s legal battle still has “a lot to play out,” according to legal commentators
Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years.
TikTok’s Secret Sauce
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‘Big Time’ and other Web3 games take home the gold at the inaugural GAM3 awards
The 16 prize winners will share over $1M worth of prizes sponsored by companies such as Immutable X, Blockchain Game Alliance, Machinations, and many more.
Google is beta testing digital state ID cards in its Android Wallet app
Google announced the digital ID feature at its 2022 I/O developer conference. | Image: Google Maryland was one of the first states to make state IDs available on Apple’s Wallet app for iPhones, and now Google is beta testing support for the “Digital Driver’s License” in the Wallet app on Android phones. The Apple Wallet … Read more
Jewel Bank, Polygon to launch Bermuda’s first USD-backed stablecoin
The JUSD stablecoin will allow real-time settlements for institutional investors in the territory.
As AI pervades biotech, what are investors looking for in 2023?
Silicon Valley law firm Cooley recently reported that it “handled 298 disclosable venture capital financings for Q3 2022, representing $8.1 billion of invested capital, continuing a downward trend for both metrics and representing the lowest for both since Q4 2019.” The firm said that deal volume, dollar volume and deal size for financings of life … Read more
Heartex’s Label Studio makes labeling audio for ML easier
Heartex, the well-funded machine learning data labeling startup, is launching a major update to its platform today that will open up new use cases for its tools by making annotating audio files in the commercial and open source versions of its Label Studio a lot easier for its users. These updates include a new user … Read more
6 investors discuss why AI is more than just a buzzword in biotech
As ChatGPT has so aptly demonstrated, AI is now truly entering the mainstream consciousness. That’s why we weren’t very surprised when a slew of investors told us they rarely see a biotech startup that doesn’t incorporate AI in some form or other these days. “Most of the companies we have seen have an AI component … Read more
Bitcoin Santa Claus rally unlikely, according to on-chain and derivatives data
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends.
World of Warcraft veteran Chris Metzen returns to Blizzard
Work work! Once the resigned cry of orcs in Warcraft will now be Chris Metzen’s new mantra as he emerges from retirement to rejoin the team at Blizzard. Today, John Hight, senior vice president and general manager of World of Warcraft, announced that longtime WoW veteran Metzen, also known for his work across Diablo, StarCraft, … Read more
New York State issues guidance for banks seeking to engage in activities with crypto
The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup.
Protocol Developer Archblock Aims to Bring US Community Banks to DeFi Through Partnership
Archblock’s and Adapt3r’s joint effort focuses on onboarding U.S.-regulated financial institutions and low-risk investments to decentralized finance protocols after a series of loan defaults.
The battle over gig worker status is heating up
The fight over whether gig workers are independent contractors or employees has been heating up this week on both state and federal levels. The stakes? A once disruptive business model could soon be disrupted itself. On the state level, this week has seen developments in the Proposition 22 saga as companies relying on gig workers … Read more
Crypto.com Receives License as a Payment Institution in Brazil
The company is the first crypto exchange to become a licensed payments institution in the South American country.
SBF’s handcuffs aren’t loosening up anytime soon
Welcome back to Chain Reaction. If you’re reading this, I’m willing to bet you probably weren’t arrested this week and are now sitting in a Bahamian jail. But, you know who was arrested and is sitting in a Bahamian jail right now? Yep, FTX’s former CEO, Sam Bankman-Fried. Seems like the majority of the headlines … Read more
‘Luddite’ Teens
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