Binance launches Web3 wallet for its 120M registered users

Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app. During the launch, Changpeng “CZ” Zhao, CEO of Binance, revealed the intent behind launching the service: “Web3 wallets represent more than just storing digital assets — they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance.” For the purpose of simplicity, Binance’s Web3 wallet launches within the primary Binance app, which is…

Vietnamese Web3 coalition Ninety Eight launches $25M ecosystem fund

Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia. According to the Nov. 7 announcement, the fund will provide financial and strategic support for selected startups. In addition, startups can use the firm’s existing Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security.  Another key aspect of the Ninety Eight Ecosystem Fund is its native token, $C98, designed initially as a wallet token. The $C98 token allows users to store,…

Caitlin Long’s Custodia Bank launches Bitcoin custody platform

Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin advocate Caitlin Long, has launched its BT custody platform. The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin (BTC) custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with the service, the announcement notes. Announcing the news, Custodia Bank emphasized that the platform is a non-lending bank built by Bitcoiners that offers…

Telegram CEO Pavel Durov Launches Giveaway for 10,000 Premium Subscriptions

CEO Durov spent $200,000 to buy Toncoin in order to pre-acquire Telegram Premium subscriptions in a giveaway for 10,000 Telegram users. Pavel Durov, the CEO of cross-platform instant messaging service has announced a giveaway of 10,000 Premium subscriptions to celebrate a new feature in the app. The Telegram app officially introduced a few new features, including the “Giveaways in Channels”, which allows channel owners to host giveaways for loyal followers. Durov wrote that every channel on Telegram can now host “FAIR giveaways”. He explained that the problem with previous giveaways…

ChatGPT launches new feature that lets subscribers make their own GPTs

Artificial intelligence (AI) system ChatGPT now allows users to create their own generative pre-trained transformers (GPTs), according to a November 6 blog post from developer Open AI. This means that users can now create custom ChatGPT apps that handle a variety of tasks, instead of needing to enter long strings of commands into the chat window to perform these tasks. GPTs are a new way for anyone to create a tailored version of ChatGPT to be more helpful in their daily life, at specific tasks, at work, or at home…

Germany’s DZ Bank Launches Institutional Crypto Asset Custody Platform

DZ Bank’s current infrastructure makes it possible for the bank to take part in the exploratory phase of the ECB’s project testing the settlement of large-volume capital market transactions in central bank money.  Germany’s third-largest bank DZ Bank has launched a blockchain-based platform for the processing and custody of crypto assets. The platform will cater to institutional clients, offering them crypto securities the crypto bond from Siemens, which “DZ Bank subscribed to six months ago and which could now be transferred to self-custody.” “We assume that within the next ten…

Elon Musk’s xAI Launches Grok AI Chatbot to Rival ChatGPT

The chatbot currently does not have audio and visual capabilities. xAI stated that these will be added soon to enable broader applications such as real-time interactions and assistance.   Elon Musk’s artificial intelligence (AI) startup xAI has released “Grok” – an AI chatbot that can reportedly outperform ChatGPT-3.5 in several academic tests. In a November 5 post on social media platform X, Musk and XAI revealed that the purpose of the AI tool is to “assist humanity in its quest for understanding and knowledge.” Just released Grokhttps://t.co/e8xQp5xInk — Elon Musk (@elonmusk) November…

Elon Musk launches AI chatbot ‘Grok’ — says it can outperform ChatGPT

Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of ChatGPT in several academic tests. The motivation behind building Gruk is to create AI tools equipped to assist humanity by empowering research and innovation, Musk and xAI explained in a Nov. 5 X (formerly Twitter) post. Just released Grokhttps://t.co/e8xQp5xInk — Elon Musk (@elonmusk) November 5, 2023 Musk and the xAI team said a “unique and fundamental advantage” possessed by Grok is that it has real-time knowledge of…

Validation Cloud Launches Staking-as-a-Service Platform for Institutional Investors

Several key features of the platform make it ideal for institutional staking providers. For instance, it enables bulk validator deployment, allowing institutions to launch a large number of validators at the same time. Validation Cloud, a Web 3.0 infrastructure platform, recently launched a staking-as-a-service platform for institutional clients. This platform enables institutions to use multiple validators at the same time and earn rewards by automating smart contract activities. This staking service is non-custodial, which means it has no control over the assets staked. Key Features of the Validation Cloud’s Institutional…

Dune launches new AI to simplify crypto data queries

Dune Analytics launches DuneAI, enabling intuitive natural language crypto data queries for users. Leading web3 analytics platform Dune is venturing into AI with the introduction of new functionalities, including DuneAI, the Dune Data Hub and Dune Alert. According to its latest announcements, DuneAI will include features designed to simplify the extraction of crypto data insights. Leveraging a natural language processing engine similar to OpenAI’s ChatGPT4, DuneAI will allow users to gain crypto insights using chat functionalities without having to learn SQL commands. This will open the door for a broader…