Author: NBTC

EMB: March 21, 12:00 UTC Tensorplex Labs, a Web3 and artificial intelligence (AI) startup, raised $3 million in a round led by Canonical Crypto and Collab+Currency. The company will use the funds to develop a decentralized AI infrastructure. Tensorplex Labs, a Web3 and artificial intelligence (AI) startup, raised $3 million in seed funding to expand the infrastructure for decentralized AI networks. The round was led by Canonical Crypto and Collab+Currency and included participation from big-name crypto investors such as Digital Currency Group (DCG), Quantstamp and Amber Group, Tensorplex said in an email. Tensorplex said decentralization is an antidote to the…

Jian Wen was found guilty of money laundering by a London jury that couldn’t reach a decision on two other charges. Jian, who denied the allegations, was previously acquitted of other money laundering charges at a separate trial. A U.K. citizen was found guilty of laundering huge amounts of bitcoin (BTC) for a Chinese fugitive tied to an alleged $6 billion investment fraud, Bloomberg reported on Wednesday. Jian Wen, who denied the allegations, helped her former employer launder the funds between 2017 and 2022, a London jury found. The jury couldn’t reach a decision on two other charges. The 42-year-old…

Outlier Ventures and peaq have announced a groundbreaking collaboration to launch the DePIN Base Camp Accelerator program. Decentralized physical infrastructure networks (DePINs) can be developed and used faster with this initiative. DePINs reportedly will change many aspects of life. peaq and Outlier Ventures (@OVioHQ) present:DePIN Base Camp 🏕️An accelerator program empowering the next generation of visionary #DePIN founders, by #Web3’s biggest accelerator and fastest-growing Layer-1 for #DePINs ✨⏰ 12-week program💰 Up to $200k in funding📅… pic.twitter.com/Dl6x2wfTy6 — peaq (@peaqnetwork) March 19, 2024 DePIN Base Camp to Launch 12-Week Program DePINs are at the forefront of the transition to Web3. They…

Frax’s singularity road map sets a target of $100 billion in TVL for its layer 2 Fraxtal and plans to launch 23 new layer 3s. The proposal calls for reviving the few switch mechanisms to boost liquidity for the FXS governance token. Decentralized finance (DeFi) protocol Frax Finance released a singularity road map on Friday to boost the total dollar value of crypto assets locked in its layer 2 blockchain Fraxtal to $100 billion by the end of 2026. As of the time of writing, the so-called total value locked (TVL) in Fraxtal was $13.2 million, according to data tracked…

Court bars MetaBirkins NFT creator from museum display, citing trademark concerns raised by Hermès lawsuit. Mason Rothschild, the artist behind the controversial MetaBirkins NFT, has been banned from showcasing the pieces at a museum exhibition for Stockholm-based Spritmuseum after Hermès won a trademark lawsuit against them, court documents from March 13 revealed. Spritmuseum’s MetaBirkins NFT Display Would Cause “Deep Concerns,” Judge Says Rothschild (also known as Sonny Estival) was found liable for trademark infringement last month after French fashion house Hermès sued him over the MetaBirkins NFT project. Rothschild claimed the project, which depicted the designer company’s iconic Birkin bag…

The team behind Tanssi appchain infrastructure protocol, Moondance Labs, have secured $6 million in a strategic fundraising round headed by venture capital companies Scytale Digital, KR1, and SNZ. Several well-known blockchain venture capital firms, including Arrington Capital, Borderless Capital, Hypersphere, and Blockchain Founders Fund, as well as angel investors like Gavin Wood, contributed to the round. George McDonaugh, Managing Director and Co-Founder of KR1, commented: “The Moondance Labs team has made great progress over the past year, delivering on Tanssi’s roadmap to become the go-to tool for appchain developers. We are very excited to support them on their journey as…

Outlier Ventures, a global leader in Web3 acceleration, has partnered with peaq to introduce the DePIN Base Camp accelerator program. Designed to nurture early-stage Web3 founders across all blockchain platforms, the initiative aims to empower startups developing applications, products, and protocols leveraging digital networks, decentralized infrastructures, and data services.—The program is scheduled to kick off in May 2024. Spanning a duration of 12 weeks, the virtual accelerator program promises workshops led by industry experts from Outlier Ventures and peaq, along with mentorship opportunities and potential investments of up to $200,000 USD for participating teams. The DePIN Base Camp seeks to…

Skybridge Capital founder Anthony Scaramucci, known for his support of cryptocurrencies, made new statements about Bitcoin from his X account. At this point, Scaramucci shared that Qatar may have added Bitcoin (BTC) to its reserves and could be the first Middle Eastern country to do so. “Max says Qatar may have added Bitcoin to its balance sheet. If true, all we can say is thank you Max Keiser!” Max is saying Qatar may have added #Bitcoin to their balance sheet. If true all we can say is thank you Max Keiser! https://t.co/3f2Tnn0avs — Anthony Scaramucci (@Scaramucci) March 3, 2024 Recent…

Bybit CEO Ben Zhou advocated for decentralized finance (DeFi) and interoperability between traditional finance and crypto during his keynote at the DACOM Singapore 2024 event. “The landscape isn’t solely defined by full decentralization or complete centralization. Rather, there exists a diverse spectrum of hybrid DeFi models,” said Zhou. He highlighted the industry’s trajectory towards interconnectedness between conventional and decentralized financial systems. Zhou also addressed misunderstandings around DeFi and its relationship with traditional finance. He highlighted crypto’s value proposition as a choice, especially where local financial infrastructure struggles. Bybit’s one of the top three crypto derivative exchanges, with almost $30 billion…

The creators of a popular Bitcoin Ordinals project called Runestone sent the original “parent” inscription—which they valued at 8 BTC, around $525,000 worth—to a wallet purported to belong to mythic Bitcoin creator Satoshi Nakamoto on Wednesday. The Runestone—Ordinals inscription 63,026,232, the largest inscription mined to date at around 4MB—was sent to the Satoshi wallet by project contributor and pseudonymous NFT historian, Leonidas. In a Twitter post, Leonidas feigned that the move was a mistake and that there was nothing he could do to get the Ordinals inscription back. But ultimately, the post was a joke that echoed an apparently very…