Tag: Firm

Blockchain Analytics Firm Elementus Triples in Valuation Despite Crypto Winter

“Last year has thrown into the limelight the tremendous importance of comprehension, auditability and transparency of blockchains,” said Elementus CEO Max Galka in the press release. “As the broader crypto industry seeks to emerge from a tough year, it will be critical to do so in a way that foments trust, reliability and security among both users and businesses operating in this still-nascent market. This new strategic investment from ParaFi allows us to continue building the world’s most advanced industrial-grade blockchain data solutions in the world that will help return…

Blockchain Analytics Firm Elementus Triples Valuation Despite Crypto Winter

“Last year has thrown into the limelight the tremendous importance of comprehension, auditability, and transparency of blockchains,” said Elementus CEO Max Galka in the press release. “As the broader crypto industry seeks to emerge from a tough year, it will be critical to do so in a way that foments trust, reliability and security among both users and businesses operating in this still-nascent market. This new strategic investment from ParaFi allows us to continue building the world’s most advanced industrial-grade blockchain data solutions in the world that will help return…

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

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Troubled cryptocurrency lending firm Hodlnaut is reportedly working with several potential investors to sell its business and other assets. A number of potential buyers have inquired about purchasing Hodlnaut and its claims against the collapsed crypto exchange FTX, Bloomberg reported on Feb. 6. Hodlnaut’s interim judicial managers have received multiple proposals to acquire its Singapore-based crypto business after the company sought protection from creditors. Citing an affidavit, the report notes that the judicial managers are now in the process of signing non-disclosure agreements with the potential investors. The affidavit reportedly…

Google Invests $300M in AI Firm Previously Backed by Sam Bankman-Fried

Tech giant Google recently invested a sizable sum into AI firm Anthropic to further facilitate AI deployment and use cases. Google (NASDAQ: GOOGL), via its Cloud business, has reportedly invested $300 million into artificial intelligence (AI) firm Anthropic, a firm that also received more than $500 million from former FTX CEO Sam Bankman-Fried about six months earlier. Details of Google Investment Partnership in AI Firm Startup Anthropic confirmed Google’s investment partnership on February 4th but did not disclose the exact amount. In its announcement, the AI firm referred to Google…

Google invests $300M in AI firm previously funded by Sam Bankman-Fried

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Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed. While the $300 million figure was reported by Financial Times on Feb. 4, Anthropic confirmed the investment partnership with Google Cloud on the same day despite not disclosing any figures: We’re excited to use Google Cloud to train our AI systems, including Claude! https://t.co/IaqQ5lpJrP https://t.co/vOn5Cj4sPt — Anthropic (@AnthropicAI) February 3, 2023 In the same announcement,…

Google Backs AI Firm Anthropic With $300 Million, Following Series B Investment From Controversial FTX Co-Founder – Bitcoin News

As the artificial intelligence (AI) wars intensify, the AI firm Anthropic has raised $300 million from Google and sources say that the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Ellison, former CEO of Alameda; Nishad Singh, former director of engineering at FTX; and several others. AI Company Backed by Sam Bankman-Fried Raises $300 Million in Capital From Google Following the launch of Chatgpt and Microsoft’s investment…

Crypto VC Firm Pantera Loses CIO Joey Krug

The committee, which will have management oversight over the firm, includes Morehead, longtime partner Paul Veradittakit, and Jasper Lewitton, who joined Pantera last summer as president. Lewitton’s work history includes a decade-long stint at Ray Dalio’s Bridgewater Associates. Source CIOCryptoFirmJoeyKrugLosesPantera CryptoX Portal

Crypto VC Firm Pantera Loses Co-CIO Joey Krug

The committee, which will have management oversight over the firm, includes Morehead, longtime partner Paul Veradittakit, and Jasper Lewitton, who joined Pantera last summer as president. Lewitton’s work history includes a decade-long stint at Ray Dalio’s Bridgewater Associates. Source

Finnish Firm Membrane Finance Launches EU-regulated EUROe Stablecoin

EUROe allows easy-to-monitor and instant payments across the globe at non-zero cost. Finnish fintech organization Membrane Finance has inaugurated EUROe, Europe’s first and exclusive EU-regulated full-reserve stablecoin and payment network. EUROe converts a fiat Euro into a one-to-one pegged digital currency transactable on Ethereum, with prepared backing for an increasing number of blockchains. One EUROe stablecoin will always be one Euro. For every EUROe rolled out, at least one fiat Euro is present in a European Financial Establishment or bank, ring-fenced from Membrane Finance. The international Payments industry helps approximately…