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Kakarot zkEVM secures backing from StarkWare, Vitalik Buterin in pre-seed round
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Google, Microsoft invest in AI startups as battle for dominance heats up
In an escalating battle for market share in the AI sector, Google and Microsoft have made new strategic startup investments as they vie for dominance. Google invests in Runway The Information reported June 1 that Google had invested in Runway, an AI startup acclaimed for its text-to-video tool, as part of a $100 million funding…
Bitcoin Magazine Ventures launches Bitcoin Ecosystem Fund with Sora Ventures’ support
Bitcoin Magazine Ventures, managed by David Bailey and Tyler Evans, is launching the world’s first Bitcoin Ecosystem Fund. The venture capital fund, dedicated exclusively to investing in the Bitcoin ecosystem, is raising $30 million and is already oversubscribed by $90 million, according to internal sources shared with CryptoSlate. The new fund emphasizes the growth of…
TD Cowen shutters digital assets unit
TD Cowen (formerly Cowen Inc.), an investment bank, announced the closure of its digital asset unit on May 31, Bloomberg reported. Cowen’s services include investment banking, research, sales, and trading. Its digital asset unit, launched in 2022, was an ambitious move to include 16 digital assets — including Bitcoin, Ethereum, and Solana — among the…
Digital asset management companies thrive in 2023 despite Bitcoin and Ethereum’s May downturn
CCData’s Digital Asset Management Review for May found that Bitcoin, with its finite supply and resistance to governmental control, continues to solidify its position as a compelling asset class for institutional investors. The Financial Conduct Authority (FCA)-authorized benchmark administrator’s report provides real-time and historical data on digital assets for both institutional and retail investors. Bitcoin,…
Unbanked shuts down crypto services, says US regulations prevented fundraising
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MicroStrategy says it could sell Bitcoin to pay long-term debt obligations
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Binance’s CZ ranked among the richest men in finance
Binance CEO Changpeng ‘CZ’ Zhao was ranked among the “25 financial titans” who made their wealth through “computer-driven trading companies” by Bloomberg. CZ makes top 3 According to Bloomberg, CZ is worth $28.2 billion and made the bulk of his wealth through his exchange, Binance. Founded in 2017, Binance is the largest crypto exchange by…
Intel Bitcoin mining chips discontinued despite chip efficiency, $63M revenue boost in 2022
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…