Tag: Firm

Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm – Africa Bitcoin News

Fastagger Inc, an artificial intelligence and blockchain startup from Kenya, recently revealed that it had received an investment from the Swizterland-based blockchain investor CVVC. Mutembei Kariuki, said the investment will be used to fund the further develop Fastagger’s “cutting-edge technology expertise” which harnesses AI and the blockchain. Utilizing AI and the Blockchain The Kenya-based artificial intelligence (AI) and blockchain startup, Fastagger Inc, recently said it had secured an undisclosed investment from the global blockchain investor CV VC. According to the CEO of the startup, Mutembei Kariuki, Fastagger plans to further…

Ground Handling Firm to Use a Blockchain Document Solution at 28 Saudi Airports – Blockchain Bitcoin News

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The Kingdom of Saudi Arabia-based airport ground handling services firm, Saudi Ground Services, has said it plans to implement a blockchain-based document solution that allows it “to issue over 10,000 digital documents annually including licenses.” According to the firm’s Ayman Alghamdi, using this solution allows SGS to not only easily verify documents and licenses but to improve customers’ experience as well. Overcoming the Document Verification Challenge The Saudi airports ground handling services firm, Saudi Ground Services (SGS), recently said it plans to implement a blockchain document solution at 28 airports…

Crypto Protection Firm Coincover Raises $30M

The U.K.-based company was founded in 2018 by CEO David Janczewski, who worked in blockchain at The Royal Mint for the U.K. government, and CTO Adam Smith, who ran a cybersecurity consultancy firm that included crypto, government, law enforcement and defense clients. Source 30MCoincoverCryptoFirmprotectionRaises CryptoX Portal

Cloud mining firm BitFuFu postpones merger with SPAC until May

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Cloud mining firm Bitfufu, one of Bitmain’s crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7.  The company announced its plans to go public in January 2022 through a merger with the SPAC company Arisz Acquisition Corp, anticipating to be publicly listed in the third quarter of that year and a pro forma enterprise value of nearly $1.5 billion. The new decision will postpone the public listing to May, helping the companies to…

Happy Bitcoin anniversary, Tesla — Elon Musk firm still hodls 9.7K BTC

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Bitcoin (BTC) held by Tesla is still worth 33% less than its 2021 purchase price, the latest data shows. Two years to the day that Elon Musk’s firm added BTC to its balance sheet, most gains continue to evade the auto manufacturer. Tesla and Bitcoin: From $1.5 billion to $225 million Bitcoin and Tesla have proven an explosive combination since Musk announced that it would buy $1.5 billion in BTC. The move in February 2021 came as BTC/USD was on its way to its first all-time high of the year,…

Crypto VC Firm A16z’s Role in Uniswap Vote Sparks Debate Over Concentration of Voting Power

According to a tweet from Lazzarin, a16z’s head of engineering, “We delegate ~40m votes to outside groups (with no conditions on how they vote).” Lazzarin did not specify the full size of a16z’s UNI holdings and neither did the representative that spoke to CoinDesk. But based on Lazzarin’s tweets, a16z owns at least 55 million UNI altogether, counting the tokens it has delegated. The a16z representative told CoinDesk, moreover, that its agreements with delegates theoretically allow the firm to re-claim its delegated tokens should it so choose. Source

Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal – Bitcoin News

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On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures and Voyager, as well as other important documents. Additionally, Voyager Digital has subpoenaed former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and former FTX head of product and investor relations Ramnik Arora. Law Firm Kirkland & Ellis Requests Documentation for Proposed FTX-Voyager Deal Kirkland & Ellis,…

Cloud Mining Firm BitFuFu to Delay SPAC IPO as Appetite for Crypto Stocks Languishes

The firm, part of Bitmain’s family of companies, announced it would go public in January 2022 by merging with Arisz Acquisition Corp. (ARIZ). But it has now twice exercised its right to push the merger back by three months, with May 22, 2023, being the new deadline for the completion of the deal, according to a Tuesday press release. BitFuFu will not be able to postpone the merger again, per Arisz’s governing documents. Source