Month: January 2023

Blockchain developer QuickNode raises $60M at $800M valuation

Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications.  The Series B raise, which valued QuickNode at $800 million, was led by venture capital firm 10T Fund, with participation from Tiger Global, Seven Seven Six and QED, the company announced on Jan. 24. QuickNode’s management said the capital would fund its global expansion and streamline the transition to Web3 “at scale,” which includes providing developers with the deployability required to onboard new…

BTC, ETH Consolidate Ahead of US GDP, Consumer Sentiment Data – Market Updates Bitcoin News

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Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains in today’s session, with prices nearing a move below $1,600. Bitcoin Bitcoin (BTC) consolidated for a third straight day, as traders continued to secure gains from Saturday, when prices rose to a five-month high. Despite consolidating, BTC/USD remained above $23,000 for most of today’s…

TradFi and DeFi come together — Davos 2023

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Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology, with the World Economic Forum holding more workshops and sessions for the sector in 2023. These were major themes seen by the Cointelegraph team as they covered the action throughout a busy week in Davos, Switzerland. In a late-night recording session, the team recapped everything readers need to know about the week for the new Decentralize With Cointelegraph podcast. Cointelegraph editor-in-chief Kristina Lucrezia Cornèr reflected on her access inside the WEF compared with previous years in Davos. She…

Dogecoin Whale Transfers $5M In DOGE To Coinbase, Bearish Signal?

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Data shows a Dogecoin whale has deposited more than $5 million in the crypto to Coinbase. Here’s what it may mean for DOGE’s price. Dogecoin Whale Sends 57 Million DOGE To Crypto Exchange Coinbase As per data from the crypto transaction tracker service Whale Alert, a massive Dogecoin transaction has taken place on the blockchain today. In total, this transfer involved the movement of 57,056,400 DOGE, worth upwards of $5 million at the time the transaction was sent. Since the amount here is so large, the entity behind the transfer…

Microsoft Announces New Investments in OpenAI

Microsoft has been working on transforming Azure into an AI supercomputer, primarily through its investments in OpenAI over the years. American technology corporation Microsoft (NASDAQ: MSFT) has announced a multibillion-dollar investment in Artificial intelligence company OpenAI, which is also the maker of ChatGPT. The tech company noted that the investment is towards advancing AI breakthroughs to ensure the benefits spread across the world. Although Microsoft did not specify the amount invested in OpenAI, Semafor reported earlier this month that the agreement is worth $10 billion. Microsoft’s latest investment in the artificial intelligence…

FBI Confirms North Korea Was Behind $100 Million Harmony Hack

Hackers used a privacy protocol called RAILGUN to try to conceal their transactions. The Federal Bureau of Investigation (FBI) has concluded its investigations into last year’s crypto hack that saw US-based Harmony protocol, lose $100 million worth of crypto. According to the FBI, the investigation has revealed that the June attack was perpetrated by two North Korea-backed hacking groups. They are the Lazarus Group and the APT38. Interestingly, the finding is not far off from earlier suspicions that made the rounds shortly after the massive exploit happened. Meanwhile, the breakthrough…