Truflation Launches AI Index to Track AI Company Performance
Truflation, a financial data startup, created an AI Index to track generative AI enterprises and their physical assets. This launch was made public via a press release at a time when the worldwide generative AI market is expected to develop significantly, with a current valuation of $44.89 billion and projections of $1.3 trillion by 2032. […]
Palau Debuts Blockchain-Based Savings Bonds
Palau’s government, Soramitsu, and the Japanese ministry produced a blockchain-based savings bond prototype to stimulate domestic investment. In order to allow residents of Palau to engage in national infrastructure projects, the island nation is introducing a savings bond program based on blockchain technology. This initiative was created with the Ministry of Economy, Trade and Industry […]
Bitlayer Raises $9M in Extended Series A Funding
The extended Series A investment round for Bitlayer, a Layer 2 platform running on Bitcoin, has brought the total amount collected to $25 million. The extended round was led by venture capital firm Polychain Capital, according to the Bitcoin L2 network. Franklin Templeton, an asset manager who co-led the initial round, returned to co-lead. Before […]
National Bank of Bahrain Launches First Bitcoin Fund
The National Bank of Bahrain has introduced an investment fund that would expose qualified investors to Bitcoin. The first Bitcoin-linked Structured investment in the Gulf Cooperation Council (GCC) has been introduced by the National Bank of Bahrain (NBB) in collaboration with APR Digital. Accredited investors will get access to the flagship cryptocurrency through this fund. […]
Revolut Prevents $14M in Fraudulent Crypto Transfers
Revolut claims to have stopped possible cryptocurrency fraud worth close to $13.5 million in the last three months. According to a press release, the fintech firm Revolut stopped $13.5 million in possibly fraudulent cryptocurrency transfers. Neobank, a financial company based in London, introduced “Revolut X,” a cryptocurrency exchange, early this year. Since then, it has […]