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Chainalysis plans to cut under 5% of its workforce as ‘crypto winter’ affects markets
Chainalysis Inc., a company that provides analytical data about cryptocurrency transactions for governments and banks to detect illicit activity, confirmed late Wednesday that the company intends to lay off less than 5% of its 900 employees as part of a reorganization. The company’s senior director of communications Maddie Kennedy told SiliconANGLE in an emailed statement ...
Twitter is closing free access to its API starting Feb. 9
The social media giant Twitter Inc. has announced that it intends to shutter free access to its application programming interface in a move to make more money for the platform. The company stated that the API, which is used by bots, researchers and useful tools, will be closing down and in favor of a “paid ...
UK government introduces plans to regulate crypto industry ‘robustly’
The United Kingdom’s government has detailed what it calls “robust” plans to regulate the crypto industry, with new rules surrounding trading platforms, market abuse, lending and tokens. The government said it intends to bring all those activities “within the regulatory perimeter for financial services,” according to a press release, with the intent of better protecting ...
Blockchain solution Simba Chain awarded $30M from US Air Force
Blockchain solutions company Simba Chain said today that it was selected by the U.S. Air Force Strategic Technology Focus Initiative to receive $30 million in funding to follow multiple projects the company has worked on for the military in recent years. The objective of the initiative is to identify technologies that could help the United ...
ZK rollup startup Sovereign Labs raises $7.4M seed funding led by Haun Ventures
Sovereign Labs, a startup that develops technology for scaling up blockchains called “zero knowledge” rollups, announced Monday that it has raised $7.4 million in a seed round led by Haun Ventures. A number of other investors joined Haun Ventures, including Maven 11, 1KX, Robot Ventures and Plaintext Capital. ZK rollups use what are called zero-knowledge ...
Everscale raises $5M to use ‘infinite sharding’ to scale blockchains
Everscale, a blockchain that aims to solve scalability issues facing Web3 apps, today announced that it has raised $5 million in funding from Venom Ventures Fund to expand its engineering team and the development of projects using its ecosystem. The Venom Ventures Fund is a venture fund formed by Iceberg Capital Ltd. and the Venom ...
Blockchain security startup Hypernative bags $9M to prevent crypto hacks
Hypernative, a cryptocurrency security startup that focuses on protecting against hacks, today said that it has raised $9 million in seed funding to help Web3 companies prevent losses from cyberattacks. The seed round was led by Boldstart Ventures and IBI Tech Fund, with strategic investments from cryptocurrency firms Blockdaemon, Alchemy, and Nexo, as well as ...
China’s Baidu plans to develop its own ChatGPT-like AI bot for search in March
Chinese search giant Baidu Inc. intends to launch its own ChatGPT-like artificial intelligence bot that will be able to understand and respond in conversational language to users, according to a report today from Bloomberg. ChatGPT developed by OpenAI LLC operates as a large language model AI that can understand and answer complex natural language questions ...
Apple reportedly wants to let anyone create apps for its AR headset using Siri
Apple Inc.’s much-anticipated upcoming mixed reality headset may allow people to build their own augmented reality apps using the company’s voice assistant Siri in a bid to boost sales for the device once it launches. According to a report from The Information today, four people who worked on the headset said Apple hopes the new system will give ...
OneSpan acquires blockchain provider ProvenDB to enhance digital agreement security
OneSpan Inc., a cybersecurity platform for digital agreements and e-signatures, said Thursday that it agreed to acquire ProvenDB, an Australia-based startup that provides secure storage for documents using blockchain technology. OneSpan specializes in digital identity and anti-fraud solutions to give businesses mechanisms for transaction signing, authentication and e-signature workflows. This includes a platform for tracking ...