Author: CryptooTimes
The CEO of Bubblemaps joined the Space to watch and was treated to an “absolutely savage” show.
Exaion, which helps industries with digital transformation by focusing on addressing the energy efficiency of data centers, joins a pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol. Cronos EVM interoperates with Ethereum and the Cosmos network and uses a proof-of-authority consensus mechanism.
This week, blockchain startups and various crypto projects collectively raised more than $100 million in venture capital (VC). Here’s a roundup of the funding activities between June 16 and June 22. The activity reflects a growing interest in diverse blockchain applications, from gaming and social networks to advanced cryptographic security. PQShield raises $37m in series B round Security startup PQShield emerged as this week’s biggest winner. It closed a $37 million Series B round to enhance its post-quantum cryptography solutions. Led by Addition, the funding round also included new investors such as Braavos Capital, Legal & General, and Chevron Technology…
The U.S. Securities and Exchange Commission has dropped its case against Ether. However, in another crypto case, the regulator still demands billions in penalties from Ripple.
“When the price of Bitcoin falls, memecoins tend not only to follow, but to lose an even greater share of their value,” shared Neil Roarty, analyst at investment platform Stocklytics, in a Thursday email to CoinDesk. “Any plans for a memecoin summer may have to be put on hold.”
Fresh U.S. court filings have revealed that Montenegro Prime Minister Milojko Spajic personally invested in fugitive Do Kwon’s Terraform Labs crypto project years before the company’s collapse. Montenegro PM invested in Terraform Labs According to Bloomberg, citing court filings, Spajic invested in Terraform Labs, the company behind the failed Terra Luna coin. Before assuming his PM office, Spajic — a crypto entrepreneur in his own right — invested invested $75,000 in Terraform Labs in 2018. He acquired 750,000 LUNA tokens at 10 cents each. At its peak, LUNA’s value soared to $199 per token, potentially making Spajic’s investment worth over…
Billionaire finance mogul Masayoshi Son also said that AI will be 10,000X smarter than humans by 2035.
“What we’re talking about here is as good as the traditional infrastructure,” Newns said in an interview. “Now we’ve achieved that sort of equivalence for digital securities around the cash leg, these are eligible for inclusion in the collateral market so you can use them for repo. We have bridges into traditional finance, so an issuer can reach that entire liquidity base you get on a traditional exchange. And as a result of the project, participating members have now tripled, and are using us as a way to further their own digital ambitions.”
Screenshot: Nintendo, Nintendo / Kotaku, Photo: ozgurdonmaz (Getty Images), TonyBaggett (Getty Images), Image: Nintendo, Sony / Kotaku, Square Enix, Nintendo, Ubisoft, Marvel / Capcom / Xbox / KotakuNintendo’s big June Direct showcase delivered the biggest headlines of the week, with its reveal of Echoes of Wisdom, a new Zelda game in which you actually play as the titular princess, as well as a new Mario & Luigi RPG and, yes, Metroid Prime 4. Read on for all the reveals from that event as well as some of the week’s other top stories.
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Long before OpenAI introduced the world to ChatGPT’s powerful artificial intelligence (AI) model, rudimentary automation were deeply rooted in the financial world. In 1978, for instance, award-winning mathematician James Simons founded Renaissance Technologies, a quantitative hedge fund, by leveraging data to analyze statistical probabilities for securities price trends. The firm’s signature Medallion fund was established in 1988 and would enjoy the best record in investing history. Shortly after Simons introduced quantitative investing, expert systems became the norm…
