Artificial intelligence firm Sapien AI has raised $5 million in a seed funding round with participation from Primitive Ventures, Animoca Ventures, and Yield Guild Games. In an announcement, the firm said the funding will be used to accelerate Sapien’s mission of providing scalable annotation services for training AI models through its gamified data labelling platform....
Web3 infrastructure provider Metaplanet (3350) has seen a surge in its Tokyo-listed stock by nearly 90% within just two days after adding $6.56 million worth of Bitcoin (BTC) to its balance sheet. According to data from Google Finance, the company’s shares are currently trading at 36 yens, up by 89% over the day. The surge is...
P2P.org has announced to launch its Staking-as-a-Business (SaaB) model as its total value locked (TVL) surpasses $7.5 billion. According to a press release shared with Cryptonews.com, P2P.org, a validator for Ethereum and 30 other blockchains, has exceeded $7.5 billion in TVL and has more than 1 million Ethereum staked, ranking it as a major institutional...
Senator Elizabeth Warren criticized the push for a stablecoin bill without anti-money laundering laws in place, citing national security concerns, a Monday letter to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveale. Stablecoin Bill Could Increase Risks, Warren Warns Throughout the recently published letter, Warren argued that creating...
The cloud divisions of Coinbase and Google became node operators for EigenLayer alongside other industry players on April 9, shortly after the network’s mainnet went live. EigenLayer’s Network Expands with New Node Operators Coinbase Cloud disclosed in a short thread post on X that they are “proud to be among the protocol’s first operators,” as...
The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow. After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector. Per the Russian-language media outlet Happy Coin News, the working group’s chair, lawmaker Andreу Lugovoy...
South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows. Per Hankyoreh, on April 5, the Seoul Rehabilitation Court released a report on debt-related cases for the Financial Year 2023. The report’s authors noted that there had been a 31% rise in “personal...
The sovereign interoperability layer Union Labs has partnered with Lava to initiate an incentive Remote Procedure Call (RPC) campaign. According to a press release shared with Cryptonews.com, the incentivized public RPC campaign, also known as ipRPC, will offer a rewards pool worth $100,000 in token value. The partnership will establish Lava as the modular RPC...
(This article has been updated with quotes form Tezos Foundation) Decentralized exchange aggregator 1inch has unveiled a crypto debit card, which will enable crypto users for online and in-person purchases. The card is powered by payments giant Mastercard and developed in partnership with Baanx. Per the announcement on Monday, the 1inch Crypto Card will allow...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on allowing options trading for Bitcoin exchange-traded funds (ETFs) offered by Grayscale and Bitwise. According to the SEC’s latest filing on April 8, the Commission has decided to allocate a longer period to review Grayscale’s and Bitwise’s applications to list the trading of their...