Paradigm Leads $20M Series A Funding Round For Axiom
Axiom, an infrastructure provider for smart contracts, has secured $20 million in Series A funding from Paradigm, Standard Crypto, Robot Ventures, Ethereal Ventures, and other investors. According to a January 25 announcement, Axiom intends to use the capital to employ developers and expedite the development of its first product. The startup proposes a novel approach […]
Microsoft Valuation Crosses $3-trillion
On January 24, Tech giant Microsoft achieved an interesting feat as its worldwide valuation surpassed $3 trillion, becoming the second organization in history to reach that milestone. Its success is mainly attributable to the market growth following OpenAI’s ChatGPT launch last year and the proliferation of general artificial intelligence (AI) technologies. At the date of […]
Radiant Capital Begins Debt Repayment Following Hack
Cross-chain lending platform Radiant Capital has begun debt repayment of debt following the depletion of the protocol’s funds by $4.5 million earlier this month due to a flash loan exploit. As of the announcement on January 23, Radiant has effectively completed an initial payment totaling 1,190 Ether ($2.6 million), leaving behind an estimated 720 ETH […]
Alameda Research Withdraws Lawsuit Against Grayscale Investments
Alameda Research has withdrawn its lawsuit against Grayscale Investments, one that sought injunctive relief against practices that diminished the value of FTX debtors’ assets. In contravention of trust agreements, Alameda Research filed suit for a court order prohibiting the imposition of management fees. As of the lawsuit’s filing, the aggregate value of those fees had […]
Sam Altman To Explore Global Chip Venture Funding
On January 19, sources disclosed that OpenAI CEO Sam Altman intends to use the funds raised for a chip venture to establish a series of semiconductor manufacturing facilities. As reported by Bloomberg, Altman is reportedly in consultations with several significant prospective investors to secure the capital necessary to establish chip fabrication facilities or fabs. The […]