Google Expands Web3 Program with Blockchain Partners
In a move that’s as refreshing as an iced coffee on a hot day, Google for Startups has widened its Cloud Program to embrace 11 blockchain firms. This partnership includes heavy hitters like Alchemy, Polygon, and Nansen, which will now provide real-time blockchain data to emerging projects. Startups can clutch up to $200,000 in Google Cloud credits, paving the way for innovation, while also receiving grants worth up to $3 million. Talk about a financial boost!
UK’s Bold Step Toward AI Readiness
The UK government is opening its wallet with an impressive £100 million ($125 million) in funding to establish a task force focused on AI readiness. The initiative aims to cook up “sovereign capabilities” surrounding public services and ensure the safe adoption of AI technology. They’re betting big on becoming a science and tech powerhouse by 2030 while shrugging off fears related to technological regulation. Will this pay off? Time to put on your crystal ball and watch!
FTX Puts LedgerX Up for Sale to Tidy Up Finances
Amid a whirlwind of challenges, FTX is selling its LedgerX exchange for approximately $50 million to M7 Holdings. Everything hinges on court approval, and let’s hope the gavel doesn’t bang against their plans. This sale is part of FTX’s attempts to recoup losses and restructure after its own internal fire was lit. Can selling off parts save the whole? Stay tuned.
Binance.US Backs Out of Voyager Deal, Blames Regulatory Woes
In a plot twist that could rival a soap opera, Binance.US has decided to ditch its $1 billion asset purchase deal with Voyager Digital, citing a “hostile and uncertain regulatory climate” in the U.S. The disappointment echoed through social media, and Voyager’s creditors are now scratching their heads trying to figure out the next steps. It’s like trying to assemble IKEA furniture with half the instructions – challenging!
Wrapping Up This Week in Crypto
From Google’s soaring ambitions in Web3 to governmental strides in AI, this week has been a rollercoaster ride of news and developments in the cryptocurrency world. The shady clouds of regulation looming over Binance and the pragmatic decisions being made by FTX remind us that in this liquid market, stability is often the fanciest mirage on the horizon. Buckle up, crypto enthusiasts; it’s bound to be an exciting ride!
+ There are no comments
Add yours