Despite the cuts, the company still has several years of runway as it looks to build a sustainable operation, Svanevik said. The company has raised a total of $88.2 million over four funding rounds over the years, led by crypto investment firms such as L1 Digital and Old Fashion Research, Crunchbase data shows. Source
Robotics developer Serve recently deepened its relationship with Uber Eats to deploy 2,000 bots for food deliveries across the US. Serve Robotics has expanded its partnership with Uber Eats, deploying as many as 2,000 delivery bots across the United States. Reports state that Serve Robotics’ autonomous sidewalk delivery robots would be on hand to deliver goods via Uber’s platform in several US-based markets. The Serve Robotics-Uber Eats partnership would last until early 2026. Speaking on the joint initiative, Serve co-founder and chief executive officer Ali Kashani pointed out: “We expect our rapid…
As the NFT landscape continues to evolve, the integration of Ethereum and Bitcoin ecosystems through the BRC-721E standard paves the way for further innovation and expansion that can even attract more mainstream innovators into the Web 3.0 world. The recent introduction of Bitcoin (BTC) Ordinals and the unveiling of the BRC-721E protocol is aimed at bridging the gap between Bitcoin and Ethereum (ETH), particularly in the field of Non-Fungible Tokens (NFTs). According to reports, the BRC-721E standard, jointly launched by the Ordinals market and the Bitcoin Miladys NFT collection, now…
Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay. In a May 30 announcement, Tether said it planned to start a mining arm in the South American nation “in collaboration with a local licensed company” in addition to investing in Uruguay’s energy production. The stablecoin issuer claimed the venture would utilize renewable energy sources aimed at “sustainable” Bitcoin (BTC) mining and planned to hire additional team members. “By harnessing the power of Bitcoin and Uruguay’s renewable energy capabilities, Tether is leading the way in sustainable…
The Reserve Bank of India is enhancing its digital rupee pilot, as it intends to broaden participation and incorporate diverse use cases in the upcoming fiscal year. The Reserve Bank of India (RBI) is intensifying its digital rupee pilot, representing a significant step towards transforming India’s financial paradigm. According to the yearly report released on May 30, the upcoming fiscal year will witness an enlarged scope of the pilot, involving more participating banks and a diverse range of use cases. The RBI has been running two distinct e-Rupee test projects.…
Titled “Maschine,” the generative art collection was created by Dutch artist Harm van den Dorpel and draws inspiration from automotive concepts. Source
On May 29, decentralized exchange (DEX) PancakeSwap announced that it had launched a new tower-defense GameFi game in conjunction with BNB GameFi protocol Mobox. Dubbed “Pancake Protectors,” the game allows players to utilize the DEX’s native CAKE tokens to earn in-game rewards. Utilities for CAKE tokens within Pancake Protectors include accelerating the level-up process, purchasing in-game currency, claiming CAKE heroes, staking CAKE to earn resources, and unlocking game levels. There will also be an in-game marketplace for trading CAKE heroes, which can be further enhanced by participating in lotteries yielding…
The ECB has finalized its digital euro prototype scheme as it mulls whether to roll out the government-backed token. The European Central Bank (ECB) has finalized a digital euro prototype ahead of a development decision. Later this year, the leading central bank would decide whether to develop the fiat euro as a digital variant. According to a Friday report, the ECB examined distributed ledger technology and smart contracts as prime components of a potential digital euro. However, the governing bank has reservations about using decentralized-influenced smart contracts. The ECB’s findings…
“No one contests that the Trustee requested an examiner here or that the debtor’s fixed, liquidated, unsecured debts, other than debts for goods, services, or taxes, or owing to an insider, exceed $5 million,” Connolly’s ruling said, adding that all that remains is a legal question – whether the bankruptcy code compels an independent probe. Source
Bitcoin (BTC) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin pauses into monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $27,700, having briefly spiked above the $28,000 mark. The pair encountered resistance below its local highs from around the weekly close, and stocks also treaded water after the opening bell. Excitement around a possible deal to raise the U.S. debt ceiling, which had boosted crypto…