Month: February 2023

Solana Spaces to Shut Down Its Stores in NYC and Miami

Though the initiative by Solana Spaces was creative and path-breaking, it was short-lived. Solana Spaces, a physical retail, educational, and community space dedicated to Web3, will close its outlets by the end of the month. The company used storefronts in New York City and Miami to promote the adoption of its Solana blockchain and is all set to shut down its locations. According to the company representatives, the startup had reached a divergence point and now wants to switch from the brick-and-mortar experiences to the buzzing world of Non-Fungible Tokens…

Nvidia Swaps Sides from Opposing Microsoft to Offering ‘Full Support’ for Regulatory Approval of Activision Blizzard Acquisition

Microsoft is expanding its gaming unit to pacify opposers and prevent the Activision Blizzard takeover from being obstructed. After initially opposing tech giant Microsoft (NASDAQ: MSFT) over acquiring video game company Activision Blizzard (NASDAQ: ATVI), software company Nvidia (NASDAQ: NVDA) has allied with Microsoft to bring Xbox PC games to its cloud gaming service. Under the new deal between Microsoft and Nvidia, the software company would onboard Microsoft’s  Xbox PC games to its GeForce NOW gaming service. Nvidia Forms New Relationship with Microsoft The turnaround in Nvidia and Microsoft’s relationship…

Chaos Labs Secures $20 Million Funding Led by PayPal and Galaxy Digital

Chaos Labs said that it will use these funds to boost the security of the DeFi protocols through its services like capital efficiency and risk optimization, streamlined risk assessments, spend optimizations, and much more.  Despite these tumultuous times in the market, crypto firms continue to secure fresh funding. On Tuesday, February 21, Chaos Labs announced securing $20 million in funding led by PayPal and Galaxy Digital. Chaos Labs Funding The funding round also saw participation from other market players like Coinbase, Lightspeed, Uniswap, Bessemer, Hashkey and top investors such as…

ConsenSys Acquires Blockchain Notification Tool HAL to Enhance Web3 Development

Blockchain company ConsenSys looks to integrate with facilitator HAL to attain a broader-based and seamless Web3 experience. ConsenSys recently acquired blockchain notification tool HAL for an undisclosed amount to facilitate Web3 development. According to reports, the HAL acquisition sees the no-code blockchain development tooling platform bring 10 employees to ConsenSys. In addition, HAL also migrates more than 40 blockchain-enabled application programming interfaces (APIs) to Infura, the ConsenSys’ renowned Web3 connectivity layer. The crossover APIs enhance tools like Infura and facilitate easier usage amid the emergence of the next-gen, decentralized internet. The HAL…

Elon Musk Attorney Seeks Removal of Twitter Review Deal with SEC

Alex Spiro argues that the Elon Musk – SEC deal is moot following the Tesla CEO’s securities fraud trial victory. An attorney representing Elon Musk has asked a San Francisco federal court to throw out his 2018 deal with the SEC. The deal required that Musk seeks approval for all Tesla-related tweets before posting them on his page. According to Musk’s lawyer Alex Spiro, the Tesla CEO’s recent victory in a securities fraud trial necessitates the deal’s cancellation. In a class-action securities fraud case, a jury found that Musk and Tesla (NASDAQ: TSLA)…