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Payments company Bolt abandons $1.5B deal to buy crypto firm Wyre
The online checkout company Bolt Financial Inc. announced Friday that it has ended its $1.5 billion deal to acquire cryptocurrency infrastructure firm Wyre Payments Inc. by mutual agreement, according to a report from Reuters. The deal, announced in April, would have been the largest acquisition for Bolt, which provides an e-commerce one-click checkout service for ...
‘Axie Infinity’ creator Sky Mavis taps Google Cloud to secure blockchain network
Sky Mavis, the creator of the popular “Axie Infinity” blockchain game, has teamed up with Google Cloud to become a validator for its blockchain gaming and nonfungible token network to scale it up securely and sustainably. Sky Mavis announced a multiyear collaboration with Google Cloud today during AxieCon, the company’s gaming and fan conference, that ...
White House report says crypto mining could be restricted over environmental concerns
A report from the White House on Thursday targeted the energy implications of creating digital currencies such as bitcoin and Ethereum through the process of cryptocurrency mining and encouraged the industry to shift toward more environmentally friendly processes. The report, mandated by United States President Biden in an executive order in March, asked the White ...
Crypto startup Slide raises $12.3M to build better Web3 user experiences
Web3-focused startup Slide said today that it has raised $12.3 million in seed funding co-led by Polychain Capital and Framework Ventures to enable crypto developers to build better user experiences into their decentralized applications. Other participants in the funding round included Coinbase Ventures, Outlander Ventures and Circle Ventures. Working with Web3 and crypto applications can ...
Web3 startup Mysten Labs raises $300M led by FTX at $2B valuation
Mysten Labs, a Web3 startup founded by former Meta developers, today announced that it has raised $300 million in new funding led by FTX Ventures at a $2 billion valuation to continue building out its Sui blockchain infrastructure product. The Series B funding round included participation from a number of crypto industry heavyweights, including Andreessen ...
LaunchDarkly’s summer updates empower DevOps teams to build better apps
Feature management platform for DevOps teams LaunchDarkly has been spending all summer updating its product with new features to give developers the tools they need to manage software capabilities during release. Big new feature sets for general availability included a new and improved experimentation platform and new frameworks. Enterprise users also received new integrations with ...
Apple unveils iPhone 14, new AirPod Pro, Apple Watch 8 and A16 Bionic chip
During its massive “Far Out” product event today, Apple Inc. announced the A16 Bionic chip, the successor to the already powerful A15 Bionic, to power the iPhone 14 Pro and iPhone 14 Pro Max. Alongside the more powerful mobile chip, Apple also announced the long-expected iPhone 14 and iPhone 14 Plus, which are powered by ...
Varjo focuses on the industrial metaverse with $40M in new funding
Varjo Technologies Oy, a Finnish maker of industrial-grade virtual and mixed reality hardware and software, said today that it has raised $40 million in new funding to build on enterprise opportunities in the industrial metaverse. Varjo focuses on building enterprise hardware and software for engineers working in electronics and manufacturing and delivering true-to-life, real-time 3D rendering ...
DevOps automation platform Zeet raises $4.3M led by Sequoia Capital
Zeet, a cloud-native integrated DevOps platform for software developers, said today that the company has raised $4.3 million in seed funding to help developers get the most out of their cloud services. The funding round was led by Sequoia Capital, with participation from existing investor Race Capital as well as other interested parties such as ...
LG launches NFT gateway and marketplace for its smart TVs
LG Electronics Inc. jumped on the crypto bandwagon today with a new nonfungible token platform for some of its smart TVs that allows viewers “buy, sell and enjoy high-quality digital artwork” during their viewing experience. The marketplace, called LG Art Lab, is available only in the United States for LG TVs that run webOS 5.0 ...