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Cryptocurrency broker Voyager Digital files for bankruptcy
Major cryptocurrency broker Voyager Digital Ltd. has filed for bankruptcy protection, becoming the second major company to file during the recent volatility in the crypto market after the collapse of Three Arrows Capital. The company filed for Chapter 11 bankruptcy late Tuesday, a mere week after it suspended withdrawals, deposits and trading on its platform. ...
EU regulators come to agreement to tame the ‘Wild West’ of crypto markets
Officials in the European Union have come to a provisional agreement on new crypto regulations that will protect customers and supervise service providers in a bid to tame the “Wild West” of the volatile crypto markets. The new regulation struck between the European Parliament and Council Thursday evening is called MiCA, Markets in Crypto-Assets. It ...
Report: Crypto brokerage Genesis Trading facing ‘hundreds of millions’ in losses
Genesis Global Trading Inc., a cryptocurrency lender and prime broker, may be facing considerable losses of “hundreds of millions” of dollars from its exposure to the collapsing crypto hedge fund Three Arrows Capital and Hong Kong-based crypto lender Babel Finance, according to a report from CoinDesk. The losses Genesis is potentially facing are part of ...
Google Cloud announces advanced API security management through Apigee
In order to provide organizations greater control and security for their digital footprints, Google LLC’s cloud division today announced a preview of Advanced API Security built on Apigee, the company’s application programming interface management platform. Using this new product, organizations can more easily detect and fix API misconfigurations and thwart malicious bots. More and more ...
Court orders crypto hedge fund Three Arrows Capital to liquidate
Major cryptocurrency hedge fund Three Arrows Capital Ltd. has been ordered to liquidate by a British Virgin Islands court. The court order was issued on June 27, according to a report from Sky News, which cites sources close to the matter. The move comes after creditors sued the company following its default on debts in ...
The industrial metaverse: Siemens and Nvidia aim to enhance ‘digital twins’ technology
The German industrial manufacturing company Siemens AG today announced a partnership with Nvidia Corp. to transform industrial automation using hyper-realistic real-time 3D graphics by enhancing “digital twins,” or virtual models of the real world that simulate manufacturing applications accurately. The partnership was announced at the Siemens’ Accelerate virtual event by Roland Busch, president and chief ...
Meta is building better AI-driven audio for virtual reality
When it comes to virtual reality, creating immersive worlds is more than just generating visually perfect environments. The way that sound works can make or break an experience. To tackle the audio challenge, researchers at Meta Platforms Inc. today open-sourced three artificial intelligence models that take sound in the metaverse to a new level. “Getting ...
Amazon demos Alexa reading ‘The Wizard of Oz’ in a dead relative’s voice
Amazon.com Inc.’s Alexa speakers are capable of myriad amazing voice capabilities backed up by artificial intelligence, and during the company’s re:MARS event in Las Vegas Wednesday, the company revealed an upcoming feature: the ability to mimic voices. To demonstrate the feature, Rohit Prasad, Alexa’s senior vice-president and head scientist, played a clip of Alexa copycatting the ...
Institutional crypto assets platform FalconX raises $150M at $8B valuation
FalconX, a digital asset platform and crypto brokerage for institutional investors, today announced it has raised $150 million in a late-stage funding round, more than doubling its valuation to $8 billion. Investors GIC and B Capital co-led the Series D funding round, which brings the total raised by the company to more than $430 million. ...
ConsenSys launches beta of NFT tool to enable end-to-end Web3 tooling
ConsenSys Software Inc., a blockchain technology startup focused on Ethereum, today announced the launch of NFT application programming interface for its Infura blockchain development tools suite that will help developers rapid create, customize and deploy nonfungible tokens. Nonfungible tokens represent proof of ownership of digital items in social media, games and the metaverse such as ...