Bitcoin stands at the edge of a bearish breakdown, with a small possibility that the $25,000 support level could hold. On Sept. 11, Bitcoin (BTC) broke from its parallel range between $25,500 and $26,500, falling to an intraday low at $24,950. A daily close below $24,750 threatens a drop to the sub-$20,000 range, but there’s a slight chance that the…
Prolific investment firm Andreessen Horowitz (a16z) is expanding its footprint in the gaming and AI space, announcing Monday that it led a $15 million Series A raise for gaming startup Pahdo Labs, the company behind the upcoming anime-style action role-playing game (RPG), Halcyon Zero. Along with an anime-inspired game world, Halcyon Zero will provide players with generative AI tools that…
Meta, the company behind industry behemoths Facebook and Instagram, is making strides in the artificial intelligence sector with plans to develop an AI system that rivals the capabilities of OpenAI’s ChatGPT. This ambitious venture forms part of CEO Mark Zuckerberg’s strategy to establish Meta as a dominant player in the burgeoning AI industry, people familiar with the matter told The…
Google Chrome launched its built-in tracking and ad-curation platform, “Privacy Sandbox,” on Sept. 11, according to a company blog post. The platform was originally rolled out to a small percentage of users but is now available to around 97% of users. Google said the remaining 3% will be onboarded over the next few months. Privacy experts have criticized the new…
Xbox gamers can now rep their gamertag on their credit card—and earn loot in the process. Microsoft announced the official Xbox Mastercard Monday, which allows cardholders to earn points that can be redeemed on Xbox’s website. Barclays is issuing the card, which will only be available for United States-based members of the Xbox Insider Program when the card launches on…
Decentralized exchange Sushi today announced expansion to Aptos. In a Monday announcement, the popular DEX said the integration was a “milestone” because it’s the first time Sushi has been accessible on a blockchain that is not compatible with the Ethereum Virtual Machine (EVM). Sushi is a popular Ethereum-based DEX that allows users to swap tokens and earn interest with their…
FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement. The shareholders will begin their day with an account of the claims against the cryptocurrency exchange. Over 2,300 non-customer claims have been filed against it, including those from…
It’s set to be a busy week for FTX’s legal team. The exchange is seeking regulatory approval to liquidate $3.4 billion in crypto assets, and FTX lawyers are also suing LayerZero, an onchain interoperability protocol to recover lost assets to the tune of $21 million. On September 13, Delaware Bankruptcy Court officials are set to rule on approving a $3.4…
Google and its charitable arm, Google.org, launched the Digital Futures Project, an initiative to study responsible artificial intelligence (AI) technologies, on Sep. 11. The Mountain View company will invest a total of $20 million in grants to leading think tanks and academic institutions around the world with the expressed aim “to facilitate dialogue and inquiry” into AI technologies. According to…
What would drive the next billion users to the blockchain ecosystem? Green price charts for related coins, or perhaps more acceptance from governments around the world? Both can help draw the masses’ attention to blockchain-based technologies. However, the real-world uses would generate enough interest for the average user to try out the technology — an app or a service that…
