Crypto news

The funding round conducted only a few months after its public launch puts Typeface in fierce competition with similar tools. Typeface, a generative artificial intelligence (AI) content creation platform for enterprises, announced it has concluded a Series B funding round. Typeface received $100 million in funding from a round led by Salesforce Ventures, the arm of Salesforce Inc (NYSE: CRM) that provides funding, support, and mentorship to startups. The round brings Typeface’s total...

Google said the decision by Canada exposes the company to “uncapped financial liability”. Google (NASDAQ: GOOGL) is removing all Canada news links from its search due to a new Online News Act. The tech giant said it would block all Canadian news, meaning users will no longer find any report linked to the country on the search engine. The decision was in response to a new law that required tech companies to pay media outlets for content. Last week, the Canadian government’s controversial...

The UK government wants to adopt the nascent crypto asset industry to enable exponential growth to its economy away from the Brussels shackles. Having successfully secured its independence from the European Union through Brexit, the United Kingdom (UK) continues to reorganize its internal policies to attract international investors and streamline bilateral trade. In the latest developments under the leadership of Prime Minister Rishi Sunak, the UK government announced the Financial...

Even if the IPO rumors were true and Shein wanted to list in the US, the company would need to clear the air about environmental, social, and governance concerns. Fast-rising Chinese fashion giant Shein has denied the widespread rumors that it has filed for an initial public offering (IPO) in the US. Rumors had it that the company was planning to go public in the US before the end of the year. At the time, A Reuters report said Shein was considering the New York Stock Exchange (NYSE) for...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin cash started a strong increase above the $225 and $250 levels against the US Dollar. The price is now trading above the $280 zone and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $270.00 on the 4-hour chart of the BCH/USD pair (data feed from...

Prominent crypto wallet service provider Ledger has announced the launch of a new trading and settlement network technology dubbed Tradelink. The new product offering is designed for asset managers, custodians, and exchanges/OTC with off-exchange trading capabilities and aims to eliminate unnecessary complexities while simultaneously boosting operational speed. As per the company’s website, Tradelink enables trade on multiple exchanges without on-chain liquidity re-balancing,...

A Canadian House committee published a report on Wednesday providing 16 recommendations for how the nation’s government should regulate the blockchain industry – and they’re remarkably bullish. Crypto exchange Coinbase praised the report, saying it was “encouraged by the forward-thinking approach of the parliamentary committee.” Opening Canada to Crypto In its first recommendation, The Parliamentary Standing Committee on Industry and Technology (INDU) asked that the Canadian...

DYDX Foundation, the non-profit organization behind the popular decentralized exchange (DEX) DYDX, has announced a new launch date for the public testnet of its Cosmos-based blockchain as it prepares to exit the Ethereum ecosystem later this year. According to the foundation, the testnet is set to go live next week on July 5, which is earlier than the previous schedule. The team estimated in March that the public testnet would launch by the end of July after the third...

Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States. Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month. Fidelity Tries Again According to a 19-b4 filing with the U.S. Securities and Exchange Commission (SEC) on Thursday, the proposal would allow the Cboe BZX Exchange to list and trade shares of Fidelity’s Wise...

Asset management giant – BlackRock – believes that structural shifts like the rise of artificial intelligence (AI) have the potential to drive returns now and in the future. Its new report described the space as a “mega force” whose applications could disrupt entire industries. BlackRock found that S&P 500 gains have become increasingly concentrated in a handful of tech stocks, exceeding levels seen during the 2000s tech boom. The company believes that this “unusual”...