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…

Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Billion – Fintech Bitcoin News

Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over $1 billion which reportedly makes it the country’s “only private billion-dollar company.” ‘Egypt’s Greatest Fintech Success Story’ MNT-Halan, an Egyptian fintech serving the country’s unbanked population, announced on Feb. 1 that it had raised close to $ 340 million via debt and equity financing. The fintech also said it…

Addressable Raises $7.5 Million to Help Web3 Marketers Reach Their Audiences – News Bitcoin News

Addressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts, giving Web3 marketers more knowledge about their audiences to make efficient advertising campaigns in the crypto sector. Addressable Raises $7.5 Million in Seed Round Marketing agencies have had a difficult time advertising Web3 products to their audiences due to the lack of insight they have into these services. Addressable, a software…

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say – Finance Bitcoin News

Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result in Losses for Banking Institutions Commercial banks may lose up to 50 billion rubles annually (almost $715 million) when a digital version of the ruble is introduced, according to a forecast produced by financial experts…

Metacade Presale Investment Rockets Past $5 Million as GameFi Investors Hurry to Buy Remaining MCADE Tokens

The Metacade presale is selling out fast with stage 3 coming to a close after just 12 days. The presale of the play-to-earn (P2E) metaverse arcade saw its previous rounds sell out within 4 weeks, raising $2.7 million but this has been dwarfed in comparison to the third stage selling out at lightning speed and bringing the project to raise past $5 million in just several days. Metacade is set to deliver the ultimate blockchain gaming experience, merging the worlds of gaming and crypto in a seamless and exciting way.…

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens – Blockchain News, Opinion, TV and Jobs

The Metacade presale is selling out fast with stage 3 coming to a close after just 12 days. The presale of the play-to-earn (P2E) metaverse arcade saw its previous rounds sell out within 4 weeks, raising $2.7 million but this has been dwarfed in comparison to the third stage selling out at lightning speed and bringing the project to raise past $5 million in just several days. Metacade is set to deliver the ultimate blockchain gaming experience, merging the worlds of gaming and crypto in a seamless and exciting way.…

Cathie Wood’s Ark Invest Says Bitcoin Could Exceed $1 Million By 2030

Cathie Wood’s Ark Invest recently released its Big Ideas report.  The report delved into various aspects of public blockchains and digital wallets, among other things.  The asset manager believes that Bitcoin could be worth more than $1 million by 2030. Public blockchains were presented as the future of money and contracts.  Ark Invest, the American asset management firm launched by Cathie Wood, presented its take on the future of finance and blockchain technology in its Big Ideas 2023 report. Aside from crypto, the report discussed various exciting technologies, including Molecular…

Tesla’s SEC Filing Shows Bitcoin Fair Market Value of $191 Million – Featured Bitcoin News

Tesla’s latest filing with the U.S. Securities and Exchange Commission (SEC) shows that the fair market value of the company’s bitcoin holdings was $191 million at the end of 2022. In addition, billionaire Elon Musk’s electric car company recorded $204 million of impairment losses resulting from changes in the prices of bitcoin. Tesla’s Digital Assets and Its Bitcoin’s Fair Value Elon Musk’s electric car company, Tesla (Nasdaq: TSLA), filed its annual report for the year ended Dec. 31, 2022, with the U.S. Securities and Exchange Commission (SEC) on Monday. The…

Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

Place/Date: Abu Dhabi, UAE – January 31st, 2023 at 3:01 pm UTC · 4 min read Contact: Adam Newton, Source: Venom Foundation Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry. Venom Ventures Fund has committed a $5 million investment in Everscale to help it further expand its development teams and boost the number of projects. The investment…

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital – Bitcoin News

On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset Transfers Reportedly Made by Alameda Research A newly filed complaint in the FTX bankruptcy proceedings shows Alameda Research, the defunct quantitative trading firm created by Sam Bankman-Fried (SBF), is seeking close to $446 million from…