Sentient Open-source AI Platform Closes $85M Seed Round
Pantera Capital and Framework Ventures have led an $85M seed funding round for Sentient, an open-source artificial intelligence (AI) development platform. The funds will be used to support the development of Sentient’s open AI platform and the recruitment of engineers, as stated in an announcement on July 2. The venture is an AI research organization […]
Paxos, DBS Bank Partner for Singapore Stablecoin Launch
The Monetary Authority of Singapore (MAS) has granted complete regulatory approval to Paxos platform in partnership with Southeast Asia’s largest bank, DBS, for the stablecoin launch. Paxos, the gold-backed stablecoin Pax Gold (PAXG) issuer, has received approval to provide digital payment token services as a Major payment institution from its Singapore subsidiary. The regulatory sanction […]
Bitcoin ETF Records 5 Consecutive Days of Inflows
On July 1, US spot Bitcoin exchange-traded funds (ETFs) experienced substantial daily inflows of $129.45 million, marking the fifth consecutive day of positive flows. The U.S. government approved Spot Bitcoin ETFs on January 10, and they commenced trading the following day. Unlike the Grayscale Bitcoin Trust (GBTC), which has experienced significant inflows and outflows since […]
Singapore Increases Risk Level for Crypto Exchanges
The Monetary Authority of Singapore (MAS) has revised the country’s Terrorism Financing regulations, increasing the risk level for crypto exchange platforms from medium-low to medium-high. The Singaporean regulator published an update to the country’s National Risk Assessment (NRA) and National Strategy for Countering the Financing of Terrorism (CFT) on July 1. The purpose of the […]
ASI Token Merger Phase 1 Kicks off With AGIX, OCEAN
The artificial Superintelligence Alliance (ASI) token merger initiated its initial phase by merging two AI tokens: OCEAN from Ocean Protocol and AGIX from SingularityNET. Phase one of the $7.5 billion token merger saw the AI tokens merge into Fetch.ai’s FET token, resulting in the widespread delisting of the former tokens on all crypto exchanges. ASI […]