Day: March 30, 2023

Fetch.ai Raises $40M Led by DWF Labs at Valuation of $250M

Fetch.ai will use the investment to deploy decentralized machine learning, autonomous agents, and network infrastructure on its platform. Fetch.ai, an artificial intelligence (AI) lab developing a decentralized machine learning network with a crypto economy, has raised $40 million from market maker and investment firm DWF Labs. Reportedly, Fetch.ai intends to use the investment to deploy a decentralized machine-learning network infrastructure on its protocol. Following the announcement, Fetch.ai’s utility token FET gained about 4.21 percent in the last 24 hours to trade around $0.377 during the early Asian market on Thursday.…

XRP shows positive momentum, price shoots higher in heavy trade

According to a recent analysis by crypto YouTuber A Chain of Blocks, XRP — the cryptocurrency associated with Ripple — is outperforming other coins in combined social and market activity, according to data from Lunar Crush. As a result, the price of XRP has surged, with social volume and engagements growing exponentially. On March 28, XRP has increased by over 3% and almost 25% in the past two weeks. Ripple’s payment solution is praised for its efficiency, speed, and low cost, making it ideal for cross-border transactions. Over the last…

Not an issue as ‘99% have nothing to hide,’ industry execs say

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DeFi execs at the World of Web3 (WOW) Summit in Hong Kong argued that implementing “Know Your Customer” (KYC) measures will tackle the “biggest issue” in decentralized finance (DeFi), which is hackers laundering millions of stolen funds into “clean money.” During a panel session at the summit on March 29, titled “Blockchain Security to Smart Compliance: AML & KYC Solutions in DeFi,” industry leaders endorsed KYC in DeFi as a solution to tackle Anti-Money Laundering (AML) issues. Dyma Budorin, CEO of smart contract auditing firm Hacken, warned of the prevalence…

“A crucial learning experience.” – ICO calls for highest standards in HIV services after NHS Highland reprimand

NHS Highland reprimanded for a “serious” data breach amongst those accessing HIV services ICO calls for higher standards when protecting data of people living with HIV Service providers could be fined or reprimanded for exposing sensitive data The Information Commissioner’s Office (ICO) has issued a reprimand to NHS Highland for a “serious breach of trust” after a data breach involving those likely to be accessing HIV services. The ICO has called for serious improvements to data protection safeguards amongst HIV service providers, stating that there is “simply no excuse”, and…

Hong Kong fund plans to raise $100 million for crypto investment

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As Hong Kong is again opening up to the crypto market, local investors are launching a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will aim at early-stage Web3 companies oriented at the regional market.  According to a Bloomberg report from March 30, ProDigital Future has finished its half-year fundraising period with about $30 million in its pockets. However, it plans to raise $100 million by the end of 2023. The fund is led by Ben Ng, a partner at Hong Kong-based equity firm SAIF…

Binance Opens Regional Blockchain Hub in Georgia – Exchanges Bitcoin News

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Crypto exchange Binance has announced the opening of a blockchain hub in Georgia which will promote cryptocurrency adoption in the region. The move comes on the backdrop of a number of partnerships, initiatives, and events the company is involved in in the country. Digital Asset Exchange Binance Establishes ‘Web3 Outpost’ in Georgia Binance, the world’s largest crypto exchange by daily trading volume, has launched a new blockchain hub in Georgia, the small crypto-friendly nation in the South Caucasus. In an announcement on its website, the trading platform explained the motives…

Sam Bankman-Fried funds legal defense with Alameda Research money

Sam Bankman-Fried (SBF), the founder of fallen crypto exchange FTX, has been paying for his legal defense with millions of dollars that he allegedly gave to his father using money from Alameda Research.  The multi-million dollar donation financed by an Alameda loan was handed to SBF’s father, Joseph Bankman, a Stanford Law Professor, in 2021. Bankman-Fried gave father multimillion-dollar gift now used to fund defense SBF is scheduled to go on trial in October on 12 criminal counts, including wire fraud, money laundering, securities fraud, and a further accusation of…

Matt Damon reveals why he appeared in Crypto.com’s most infamous ad

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Hollywood star Matt Damon has finally opened up on why he appeared in cryptocurrency exchange Crypto.com’s infamous “Fortune Favors the Brave” advertisement, which was once the subject of relentless mockery. Speaking to the Associated Press on March 27 at the premiere of his new film, Damon appeared somewhat abashed as he explained his reason for appearing in the ad. He said it was mainly because his clean water initiative, Water.org, was indire financial circumstances, explaining: ”We had a down year in Water.org, and I did that commercial in an attempt…

FET token surges by 10% as AI market heats up

Fetch.ai (FET) has been rising for the past 24 hours. It started the day trading at just about $0.34. This token continued to gain prices exemplary during the period, rising to about $0.37 at the time of writing. The token has surged in value by over 13.9% over the past trading day. For most of the past 24 hours, FET has been trading in the green, according to charts. FET price actions | Source: Coinmarketcap You might also like: Fetch.ai and Bosch promote industrial web3 adoption The price action over…

OKX seeks Australian expansion citing ‘huge appetite’ for crypto

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Seychelles-based crypto exchange OKX has signaled its intention to expand its crypto services to Australia, a country it believes is primed to take on the next wave of crypto adoption. The trading platform explained in a March 29 statement that Australia would be a key growth market for the firm moving forward. The firm states it provides services to over 100 countries. In July 2022, it secured a provisional license in Dubai. “We see Australia as an indispensable part of this strategy and a key growth market. With such a…