SOL hit its highest price since May 2022, possibly due to an uptick in DApp use and a few other key factors. Solana’s native token, SOL (SOL), experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling…
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Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to The Wall Street Journal. Google has doubled down on its artificial intelligence (AI) bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested…
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LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move? The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors…
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Binance-initiated IRI fund has only spent some 2.7% of the total of $1.1 billion committed to saving crypto in the aftermath of the FTX collapse, and has still not explained which entities benefited. Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may…
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The “Titan Fund” has already made five investments in different blockchain startups, with two going toward Hong Kong-based projects. Hong Kong-based crypto-focused venture capital (VC) firm CMCC Global has raised $100 million to support Asian blockchain startups. The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4, with participation from 30…
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A U.S. government shutdown is not inevitable, but even if one lasts for just hours or days, lawmakers’ priorities on their return may not be digital assets. The United States House of Representatives has rejected a bill passed by the Senate aimed at funding the government, and Speaker Kevin McCarthy’s proposals have so far failed…
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The funds include $380 million for early stage investments and a $200 million “opportunity fund.” Venture capital group Blockchain Capital announced the closing of two new funds, totaling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies. The funds will operate as Blockchain Capital’s sixth early stage fund and its first…
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Capital One also joined the investment round, despite being the top client of rival cloud platform Snowflake. Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500 million from primary investor accounts led by T. Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario…
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Investors led by Andreessen Horowitz have backed a company that has set out to help content creators monetize their work in the age of artificial intelligence (AI). The tech firm intends to employ blockchain technology to track remixes and mashups that have been spreading online since the invent of AI tools like Chatgpt. Investors Pledge…
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A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a failed attempt by former crypto mogul Sam Bankman-Fried to help Musk’s acquisition of Twitter. Elon…
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