November 18, 2024
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Fusion energy startup Focused Energy scores $15M to generate unlimited carbon-free energy and decarbonize the planet
Daniel Levi Posted On August 22, 2022


The global energy demand is projected to grow 47% by 2050. Currently, fossil fuels still remain the largest energy source but oil reserves continue to dwindle. What about clean energy? Researchers also predicted that over the next 30 years cannot be […]


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Lithuanian open data startup Okredo raises $650K in follow-up funding despite venture capital slowdown
Nickie Louise Posted On August 22, 2022


Despite the slowdown in venture capital funding due to the global economic downturn, Lithuania-based open data tech startup Okredo announced today it has raised €650,000 ($650,000) in follow-up funding to expand into the UK and other markets, and the development of an Open […]


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Global funding for web3 startups fell by 92.7% since the last quarter of 2021
Nickie Louise Posted On August 19, 2022


The current economic downturn and the looming recession here in the United States have caused global funding to startups to fall by 23% in the second quarter of 2011 from the first, to $108.5 billion, according to data from CB […]


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Decentral Games unveils fast-paced ‘Sit-n-Go’ tournaments in the newly launched ICE Poker Flex app
Daniel Levi Posted On August 18, 2022


Back in June, we covered Decentral Games after the startup landed a $1 million MANA grant from Decentraland DAO to support ICE liquidity. The award, which followed a hard-fought battle, supported the Decentral Games’ $ICE token and the rollout of its […]


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Crypto lender Genesis lays off 20% of its workforce; CEO departs
Nickie Louise Posted On August 18, 2022


Crypto broker Genesis is the latest casualty of a $2 trillion digital-asset market wipeout following its exposure to the now-bankrupt crypto hedge fund Three Arrows Capital. On Wednesday, Genesis announced its CEO Michael Moro is stepping down and the company is […]


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Emirati AI firm G42 launches a $10 billion fund to invest in late-stage tech startup companies
Nickie Louise Posted On August 18, 2022


Group 42 (also known as G42), an artificial intelligence and cloud computing firm chaired by the Gulf state’s national security advisor, announced today the launch of a $10 billion fund to invest in late-stage technology startup companies. G42, which also counts prominent […]


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Madfish launches Yupana Finance, the first decentralized lending protocol on Tezos
Daniel Levi Posted On August 18, 2022


Today, open-source blockchain network Tezos welcomes the release of Yupana.Finance on its platform. Developed by a team of blockchain engineers at Madfish, Yupana.Finance is a decentralized and the first non-custodial lending protocol on Tezos. With this launch, Madfish is providing the […]


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Curio is a nuclear waste recycling startup that wants to solve the 2,000 metric tons of new nuclear waste problem generated in US every year
Daniel Levi Posted On August 17, 2022


Energy powers the world. Today, nuclear power currently provides about 20 percent of US electricity— and 50 percent of its carbon-free electricity, according to data from the US Energy Information and Administration (EIA). However, what’s rarely discussed is the overall energy lifecycle […]


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China’s B2C e-commerce tech startup Dianxiaomi raises $110 million led by SoftBank, Sequoia
Nickie Louise Posted On August 17, 2022


Chinese business-to-customer cross-border eCommerce startup Dianxiaomi has raised $110 million in a Series D funding round led by SoftBank Vision Fund 2 and Sequoia China, with the participation of Tiger Global Management, GGV Capital, and others. SoftBank Vision Fund 2’s investment in Dianxiaomi […]


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Crypto.com receives approval from UK Financial Conduct Authority (FCA)
Nickie Louise Posted On August 17, 2022


While everyone is talking about the crypto bear market, Crypto.com continues to position itself for the future inking registration approvals from regulatory authorities from Italy, Singapore, and now the United Kingdom. Today, Crypto.com announced it has received regulatory approval from […]


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Tencent to sell its $24 billion stake in food delivery giant Meituan to appease the Chinese government
Daniel Levi Posted On August 16, 2022


In the past two years, China began to crack down on tech companies, wiping billions of dollars of value from its most prominent companies including Alibaba. Then in May, the Chinese government showed signs of easing its crackdown on the country’s tech […]


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Andreesen Horowitz invests $350 million in Adam Neumann’s new real estate startup Flow
Nickie Louise Posted On August 16, 2022


Remember WeWork, the embattled co-working giant that lost billions of investors’ money after raising a staggering $12.8 billion in funding over 14 rounds? In 2019, WeWork fired its CEO Adam Neumann, canceled its IPO, and laid off a quarter of its 12,500 employees. But […]


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GrowthSpace lands $25M to grow its talent development platform and connect employees to relevant experts
Nickie Louise Posted On August 16, 2022


Global spending on workplace learning and development, also known as human capital development and upskilling is estimated to be around $360 billion, according to data from Statista. One of the major challenges facing most organizations today is connecting employees to […]


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Infinity Skies token was up more than 200% at its peak in less than 24 hours
Nickie Louise Posted On August 15, 2022


While almost all cryptocurrencies and tokens struggling to climb back to their all-time highs due to the crypto bear market, one token has managed to defy all odds and rallied more than 200% at its peak in less than 24 […]


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When It Comes To Smart Contracts, Safer Assets Are The Key To Better dApps
Daniel Levi Posted On August 15, 2022


Smart contracts have emerged as one of the most fundamental technologies in decentralized networks, forming the basis of today’s growing blockchain industry. It’s smart contracts that allow DeFi applications to process transactions, and NFTs and the metaverse to function in […]


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UK-based fintech startup Bankifi raises $4.8M to offer embedded banking solutions for small and medium businesses (SMEs) and expand into the US market
Daniel Levi Posted On August 15, 2022


With the rise of challenger banks and neobanks, community financial institutions in the United States continue to face existential threats from fintech companies, national banks, and accounting package vendors that are offering a competitive suite of payment solutions to SMBs. Now, […]


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EV tech startup Faraday Future raises new funding for the production launch of its FF91 electric SUV
Nickie Louise Posted On August 15, 2022


In July, Faraday Future delayed the launch of its flagship electric SUV FF91 after warning that it was short on cash. The Los Angeles-based electric vehicle startup, which went public in a July 2021 merger with a blank-check company, was hoping to raise $325 […]


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Suspected developer of crypto mixer Tornado Cash arrested for laundering $7 billion worth of crypto
Daniel Levi Posted On August 12, 2022


Dutch authorities announced on Friday they had arrested a 29-year-old man believed to be a developer for the cryptocurrency mixer Tornado Cash. The announcement comes just a few days after the US Treasury put the notorious crypto startup on its sanctions list. […]


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Binance Labs makes a strategic investment in Ankr
Daniel Levi Posted On August 11, 2022


Just two days after the launch of its ANKR token staking to allow Web3 users to earn rewards, Web3 infrastructure provider Ankr announced today it has received a strategic investment from Binance Labs to further improve the scalability of blockchain networks. The […]


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Decentralized tech startup Satellite IM closes $10.5M to offer the world’s first web3 communications platform with private messaging
Daniel Levi Posted On August 11, 2022


Data breaches in the US hit a record high in 2021 affecting nearly 300 million victims. The cost of a data breach continues to skyrocket. According to a recent IBM study conducted by the Ponemon Institute, data breaches cost American companies on average […]


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