Huma Raises $38M to Hyper-scale its Payment Financing (PayFi) Network
With this funding, Huma plans to expand its PayFi network to the Stellar smart contract platform and Solana, ensuring accessibility across major payment-focused blockchains.
India’s FIU Likely to Approve Two More Foreign Crypto Exchanges Soon
After approving Binance and KuCoin, the FIU has received applications from four other exchanges, and at least two are likely to be allowed to operate by the end of FY25.
Crypto Hacks Surged in August, Over $313M Lost in Multiple Attacks
The two largest incidents, both involving phishing attacks and unauthorized transfers, accounted for a staggering 93.5% of the total stolen funds, totaling $293.4 million.
Telegram Held $400M in Digital Assets, Generated Major Crypto Revenue in 2023
A substantial 40% of the company’s revenue is linked to its "integrated wallet" and the "sale of collectibles," both tied to cryptocurrency.
US AI Safety Institute Teams Up with OpenAI & Anthropic to Test New Models Before Public Release
The U.S. AI Safety Institute, working closely with its U.K. counterpart, will provide feedback to Anthropic and OpenAI on how to improve the safety of their models.
Crypto Startup Time.fun Raises $3M Seed Funding to Tokenize Creator Minutes
QUICK BITE According to a recent report by The Block, crypto startup Time.fun has secured $3 million in seed funding.…
Brave Browser Cuts 14% of Staff in Second Round of Layoffs, Continues AI Push
This latest round of job cuts comes just 10 months after Brave laid off 9% of its staff in October 2023, citing the need to manage costs during tough economic times.
Thai Authorities Bust Illegal Bitcoin Mining Linked to Power Outages
The house, rented by a company for four months, was abandoned by the operators, who fled before the raid. No arrests were made.
Tech Giants Meta and Spotify Challenge EU’s AI Regulations
They believe the current rules are stifling innovation and hindering European companies' ability to compete globally, especially due to stringent privacy laws around public data use.
Anchorage Digital Introduces Stablecoin Rewards for PayPal USD Holders
PYUSD remains fully accessible and segregated in participants’ accounts on-chain for quick deployment leveraging Anchorage Digital’s industry-leading security model.
Blockchain Startup Story Raises $80 Million to Shield Creators’ IP from AI Giants
The funding round was led by Andreessen Horowitz, also known as a16z, with contributions from Polychain and other investors.
Orderly Network Raises $5M to Boost Web3 Liquidity Infrastructure
This latest investment will strengthen Orderly Network, allowing it to keep innovating and growing. The company plans to speed up the release of important updates and features.
Ola’s Krutrim AI Cloud Offers Free Access to Everyone Until Diwali
Launched in early 2024, Krutrim AI Cloud provides a wide range of AI tools and services for developers, researchers, and businesses.
AI Chip Startup Groq Secures $640 Million in Series D Funding
With the recent funding, Groq plans to deploy over 100,000 additional LPUs into GroqCloud, focusing on the deployment of AI models for global use.