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GeneralBeginnerPeter Thiel, the billionaire investor and co-founder of PayPal, and Paolo Ardoino, the Chief Technology Officer of Tether, are backing a new blockchain project focused on USDt, the stablecoin issued by Tether. The new blockchain, which is still under development, is designed to be more efficient…
#stablecoins#tether#venture-capital
GeneralBeginnerTether, the issuer of the USDT stablecoin, has made its first venture capital fund investment, contributing $2 million to Arcanum Capital’s Arcanum Emerging Technologies Fund II. This move marks a new chapter for Tether as it ventures into the realm of venture capital, seeking to support promising…
#crypto#tether#venture-capital
GeneralBeginnerArca and BlockTower Capital, two prominent players in the crypto asset management space, have announced their intention to merge. This strategic move aims to solidify their position in the industry and unlock new avenues for growth and innovation. The merger, which is expected to be an all-equity…
#defi#venture-capital
GeneralBeginnerArtificial intelligence research firm OpenAI is reportedly in talks to raise new funding that could significantly boost its valuation. According to a Sept. 11 Bloomberg report citing sources familiar with the matter, the company is seeking to raise up to $100 billion, which would value it at…
#ai#openai#sam-altman
GeneralBeginnerSxT Labs, a blockchain database company, has successfully secured $20 million in a Series A funding round. This significant investment will fuel the company’s growth and accelerate the development of its innovative blockchain database solutions. Several venture capital firms, including Microsoft’s…
#ai#microsoft#okx
GeneralBeginnerVenture capitalists (VCs) specializing in blockchain and digital assets are making a comeback. Funding rounds for crypto projects are on the rise, though they haven’t yet reached the record highs witnessed during the previous bull market. This renewed interest from VCs reflects optimism in the…
#crypto#marketplace#venture-capital
GeneralBeginnerAn Indian startup, Mindgrove Technologies, has unveiled the country’s first commercially available high-performance chip, Secure IoT. This chip marks a major milestone in India’s journey towards domestic chip production. Mindgrove Technologies, incubated by the Indian Institute of Technology…
#venture-capital
GeneralBeginnerIndian battery tech startup LOHUM has secured $54 million in a Series B funding round, propelling its mission to become a global leader in sustainable energy transition materials. This significant investment, led by Singularity Growth, Baring Private Equity, and other prominent venture firms,…
#venture-capital
