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Bitcoin exceeds $45,000 as rally anticipates ETF approvals
The price of bitcoin exceeded $45,000 this morning for the first time since April 2022 as the world’s largest cryptocurrency by market capitalization started the new year with a strong start. The rally is thought to have been triggered by the anticipated approval of exchange-traded spot bitcoin funds. In early morning trading, bitcoin markets reached ...
Judge rules that Terraform Labs Luna and Mir crypto tokens are securities
A federal judge sided with the U.S. Securities and Exchange Commission in a fraud case against failed blockchain company Terraform Labs Pte. Ltd. and its Chief Executive Do Kwon, ruling that two crypto assets offered by the company – Luna and Mir – are unregistered securities. U.S. District Judge Jed Rakoff ruled in favor of ...
Blockchain-based Levana Protocol exploited for $1 million+ in crypto hack
The blockchain-based perpetual futures swap protocol Levana announced Wednesday that it suffered an exploit that resulted in the loss of about $1.1 million worth of cryptocurrency tokens from its liquidity pools. According to the administrators, who posted on X, formerly Twitter, the incident was a significant setback for the protocol, draining about 10% of the reserves. It ...
New York Times sues Microsoft, OpenAI over AI training copyright infringement
The New York Times sued Microsoft Corp. and ChatGPT developer OpenAI today alleging that the two companies allegedly copied and used “millions” of its articles to train their artificial intelligence models without permission. The Times filed a lawsuit today in a New York federal court alleging that the two companies committed wide-scale copyright infringement. The complaint pointed ...
Futuristic transit company Hyperloop One to shut down
After years of attempting to reinvent the nature of transit with a futuristic tube-based concept that would bring passengers and freight between locations at high speed, the startup Hyperloop One is shuttering its doors on Dec. 31. A report from Bloomberg, citing people familiar with the matter, stated the company is laying off employees and attempting ...
Web3 growth marketing firm Addressable raises $6M
Addressable Ltd., a company that helps blockchain and crypto companies advertise to customers, today announced it has raised $6 million to help it expand its service to more blockchains and reach more advertising networks. The funding round was led by Bitkraft Ventures, with participation from strategic investor Karatage. Existing investors Viola Ventures, Fabric Ventures, Mensch Capital Partners ...
Apple publishes research to bring AI models to iPhones and make videos into 3D avatars
New research projects from Apple Inc. into artificial intelligence have shown that the company is forging ahead with generative AI tools that will bring significant efforts to the industry including the ability to run AI models on devices with limited memory. The research papers were first reported by VentureBeat, the first of which would allow more ...
Cybersecurity simulation firm SimSpace raises $45M to help companies prepare for attacks
U.S.-based military-grade cybersecurity firm SimSpace Corp. said Tuesday that it has secured $45 million in new funding in an equity raise led by L2 Point Management, a private investment firm, to support the growth of its platform and expansion into new regions. Founded by experts from U.S. Cyber Command and MIT’s Lincoln Laboratory, the company provides services ...
Harvey raises $80M to build generative AI for legal professionals
Harvey AI, a generative artificial intelligence startup focused on the legal profession, announced Tuesday that it has secured a $80 million Series B funding round that raised the company’s valuation to $715 million. The funding round was co-led by Elad Gil and Kleiner Perkins with participation from OpenAI’s startup fund, the developer of the popular ChatGPT AI ...
Lightmatter raises $155M for photonic computing at $1.2B valuation
Lightmatter Inc., a startup building computing products that use light for computing, said today that it has raised $155 million in additional funding increasing the company’s valuation to $1.2 billion. The funding was led by GV, the venture capital arm of Alphabet Inc., and Viking Global Investors, which is an extension to the company’s Series ...