MakerDAO, the governing body of the Maker Protocol, has initiated steps towards a plan of reallocating $500 million of its stablecoin Dai collateral reserves into short-term United States treasuries and corporate bonds, as reported by Cointelegraph. According to Cointelegraph, the decentralised autonomous organization (DAO) voted on October 6 to permit a pilot transaction worth one…
Huobi Global To Be Bought Over By About Capital
Crypto exchange Huobi Global announced that About Capital Management (HK) Co. Ltd, a Hong Kong based-asset management firm, became the exchange’s controlling shareholder following a successful buyout deal. While the transaction of an undisclosed amount crowns About Capital as Huobi’s new controlling shareholder, the exchange stated that core operation and business management teams would have…
Reserve Bank of India Releases Concept Note on Central Bank Digital Currency
The Reserve Bank of India has on 7th October 2022 released a Concept Note on Central Bank Digital Currency (CBDC) for India. The purpose behind the issue of this Concept Note is to create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in particular. It explains the objectives, choices,…
Royal Family of Dubai Company Partners With Coincorner To Facilitate Bitcoin Transactions In The UAE
CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in The United Arab Emirates (UAE). “Apart from individuals, a large number of companies are ready to embrace Bitcoin and other digital currencies…
Nasdaq To Launch Institutional Bitcoin, Crypto Custody Services
The exchange is set to enter the crowded market of institutional bitcoin custody as it aims to become a service provider in the cryptocurrency space. The Nasdaq is seeking to offer custody services to institutions dipping their toes into cryptocurrency. The exchange has been a service provider in the market for some time, but the…
Ethereum’s big proof-of-stake blockchain switch could happen on September 15th
The Ethereum network has been on a years-long path to switch its energy-hungry proof-of-work blockchain to a more efficient proof-of-stake system, and now its developers are suggesting a date to make the switch. It’s not final yet, but on a call streamed via the Ethereum Foundation’s YouTube page, they decided to submit this pull request…
10 Years After Leaving The Corporate Rat Race
10 years ago, this day i quit the corporate rat race forever. It was not a decision taken in a huff. It was a carefully planned out strategy and I started working towards it somewhere in 2004 itself. Effectively, it’s been a 18 years long walk. And the fun has just begun. A big thanks…
Light Based Quantum Chip Startup PsiQuantum Raises $450M Late Stage Funding Round
PsiQuantum Inc. today said that it has nabbed a $450 million late-stage funding round led by investment firm BlackRock Inc. to finance its efforts to build a reliable quantum computer with more than a million qubits. Qubits are the quantum equivalent of the bits in regular computers. What sets a qubit apart is that it…
Avi Loeb’s Galileo Project Will Search for Evidence of Alien Visitation
What exactly is Harvard theoretical astrophysicist Avi Loeb doing co-founding a $1.755 million academic effort to look for UFOs? Yesterday, Loeb revealed the Galileo Project, which aims to develop an artificial-intelligence-powered network of telescopes that can search for evidence of technological alien civilizations on or near Earth. The project has received mixed criticism from outside…
Google Parent Alphabet Launches A New Company To Build Software For Industrial Robots Called Intrinsic
Google’s parent-company Alphabet has a birth to announce: a new company called Intrinsic which will focus on building software for industrial robots. The subsidiary will be one of Alphabet’s “other bets” — relatively speculative firms focusing on new technology like Waymo (self-driving cars), Wing (delivery drones), and Verily (healthcare and biotech). Details on what exactly…
Alphabet’s DeepMind Puts The Entire Human Proteome Online, As Folded By AlphaFold
DeepMind and several research partners have released a database containing the 3D structures of nearly every protein in the human body, as computationally determined by the breakthrough protein folding system demonstrated last year, AlphaFold. The freely available database represents an enormous advance and convenience for scientists across hundreds of disciplines and domains, and may very…
Deep Genomics Scores $180M To Deliver AI Programmed RNA Therapies
With COVID-19 vaccines making RNA-based medicines a household name, Deep Genomics is reaping some of the buzz—as well as $180 million in new funding for its efforts to develop “programmable” therapies. The artificial intelligence firm’s series C round more than quadruples its previous $40 million fundraising from early January 2020, and will help advance at…
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