Author: Yeek.io

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In one sense, web3 is a rethink and basic improvement on web2 because it is decentralizing the front-end of the internet, ensuring that centralized services are not custodians of our data, our money, our lives, and so on. However, there is still one big problem confronting web3: What about the back-end? Summary Web3 aims to decentralize the internet’s front-end, but its back-end remains dependent on centralized cloud providers like AWS, leaving blockchains vulnerable to outages and control…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. TikTok had a good run in the United States, but I believe this is about to change, especially given the sale of its operations and a copy of its algorithm to a consortium of investors that includes Oracle, Silver Lake, and a number of others yet to be determined. This consortium is slated to take over the U.S. operations of TikTok, probably sometime early next year. Summary TikTok’s U.S. operations are being sold to a consortium led…

Quick take: Commonware develops open-source code allowing other developers to build their own blockchains. Tempo, on the other hand, offers a layer-1 blockchain designed for payments. As part of the deal, Tempo and Commonware will work together to develop methods to process blockchain payments more quickly. Commonware, a crypto infrastructure company that allows developers to build their own blockchains, has raised $25 million in a funding round led by Tempo. Tempo is a layer-1 blockchain designed for payments. Founded by Stripe and the venture firm Paradigm, this is the company’s first VC bet, according to a report by Fortune. As…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Most AI alignment research focuses on aligning AIs with their human deployers: teaching agents to infer, follow, or defer to our preferences. But as AI adoption grows, we are moving into a different setting: networks of agents acting on behalf of people and organizations, bidding, forecasting, scheduling, negotiating, and competing with one another. Summary AI alignment is shifting from teaching single models to follow human preferences toward managing networks of agents that act, negotiate, and compete on…

Quick take: The fundraising brings the total raised to $19 million, following a $2 million pre-seed round announced in February. The company said the funding will be used to accelerate its mission of building a trading App for everyone else. The company completed a six-month beta period, during which it claims to have processed nearly $700 million in volume, onboarded more than 120K users, and over 35K traders. Fomo, a cross-chain trading app, has completed a $17 million Series A round led by Benchmark. The fundraising also attracted participation from Archetype and Coinbase Ventures, alongside angel investors from Boolean AI,…

Key Takeaways How many top 100 cryptocurrencies have recovered to their all-time highs? Just one: PENGU. The remaining 99 top-100 cryptocurrencies trade between 30% and 95% below their peak prices. Which major cryptocurrencies are furthest from their highs? FTX Token [FTT], Terra Luna Classic [LUNC], and Internet Computer [ICP] are leading the carnage, with prices 95%-99% below their peaks. Galaxy Research data reveals the harsh reality behind cryptocurrency’s purported recovery.  Source: Galaxy Research Analysis of the top 100 cryptocurrencies by market capitalization reveals that 99% remain underwater from their all-time highs, with only the recently launched PENGU token showing positive…

YZi Labs invested in Funes to preserve humanity’s physical legacy by funding a digital ark for global architecture. The initiative aims to safeguard crumbling monuments and modern sites alike in a high-fidelity, 3D format for future generations. Summary YZi Labs invested in Funes, a digital heritage platform preserving global architecture through 3D modeling. The funding will support Funes’ mission to create an open, AI-enhanced archive of ancient and modern structures. On Nov. 6, YZi Labs announced a strategic investment in Funes, a digital heritage platform constructing a massive, open archive of high-fidelity 3D architectural models. The move directly advances the…

Key Takeaways Is Dogecoin reacting to Elon Musk’s latest post? Not really. Social buzz spiked, but price and on-chain activity stayed quiet. What’s the current state of DOGE’s traders? Open interest has dropped to $690 million, so traders are losing confidence. Elon Musk is at it again. The tech leader’s latest post on X has once again put Dogecoin [DOGE] in the spotlight. The memecoin saw a brief surge in social chatter following his comment. But so far, the market response has been far less enthusiastic. Musk’s post reignites DOGE buzz Elon Musk’s brief “It’s time” post on X quickly…

Ripple has made headlines, announcing a major $500 million strategic investment at a $40 billion valuation. The round was led by a roster of institutions, including Fortress Investment Group, Citadel Securities, and Pantera Capital. This move comes as the company wraps up its strongest year yet, following a $1 billion tender offer that drew deep interest from the financial world. The latest investment forges new relationships with influential financial partners eager to tap Ripple’s expanding ecosystem. Transforms global payments with crypto Ripple’s ambition has always been to make global payments seamless and efficient. Its recent acquisitions show remarkable progress. In…

Quick take: The announcement comes during a period of record growth, completing six acquisitions, including two unicorns. The company completed the acquisition of its 1.25 billion prime brokerage platform, Hidden Road, which has since rebranded to Ripple Prime. Ripple also highlighted key milestones made by its stablecoin, RLUSD, which topped $1 billion market cap earlier this week. Ripple, the leading digital asset infrastructure provider for global settlements, has raised $500 million in a strategic funding round led by Fortress and Citadel Securities. The fundraising also attracted participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, according to a…