Day: 4 July 2024

Web3-focused investment firm DWF Labs has announced the creation of the Cloudbreak Fund, a $20 million initiative aimed at supporting innovative projects and founders in Chinese-speaking regions. According to a recent press release, the fund will focus on cutting-edge areas, including GameFi, SocialFi, Memecoins, Derivatives, Layer 1/Layer two infrastructure, and ...

South Korean financial regulators are intensifying their scrutiny of domestic cryptocurrency exchanges to combat questionable trading practices. The Financial Supervisory Commission (FSC), South Korea's top financial regulator, is developing a comprehensive system to monitor suspicious cryptocurrency trading activities, as reported by Bloomberg. The FSC has now mandated that local exchanges ...

Notcoin, a popular Telegram-based mini-game, has partnered with gaming analytics firm Helika to launch a gaming accelerator on Telegram. The accelerator program, backed by $50 million in funding from Helika, is designed to support game studios, mobile app developers, and indie creators in creating games for the Telegram platform and ...

Nintendo has decided to avoid utilizing generative artificial intelligence (AI) tools in its game development processes due to concerns surrounding intellectual property (IP) breaches.   During a recent shareholders' general meeting, Nintendo's president, Shuntaro Furukawa, expressed his reservations about adopting generative AI for game development. According to Furukawa, generative AI ...

The Nigerian government has unveiled plans to establish research centres dedicated to artificial intelligence (AI), the Internet of Things (IoT), and blockchain technology technologies. The National Information Technology Development Agency (NITDA)’s Director-General, Kashifu Inuwa, represented by NITDA's Director of Corporate Planning and Strategy, Aristotle Onumo, announced this initiative during the ...

The Bitcoin Core developers have unveiled a new policy focused on disclosing "critical bugs" in a move to improve the communication of Bitcoin security vulnerabilities. This announcement came in a message to the Bitcoin Development Mailing List on July 3, where lead developer Antoine Poinsot and five others highlighted the ...

OKX Ventures has announced its participation in a pre-seed investment round for Compute Labs, an innovative startup specializing in tokenized real-world assets (RWA). The announcement was made through a press release on Thursday, July 4, 2024. Compute Labs is spearheading the transformation of enterprise-grade GPUs into accessible investment opportunities using ...

On Wednesday, July 3, 2024, the 11 US-based spot Bitcoin exchange-traded funds (ETFs) experienced a modest daily net outflow of $20.5 million, according to data from Farside Investors. This development comes amid a notable decrease in overall trading volume. The day's trading activity was characterized by minimal movement across most ...