Governance
Top tech news stories today: April 3, 2024
Explore the latest developments in IoTeX investments alongside updates from renowned industry leaders such as Meta, VMware, and Intel.
Headline
Explore the latest developments in IoTeX investments alongside updates from renowned industry leaders such as Meta, VMware, and Intel.
Context
From investments in IoTeX to updates from industry giants like Meta, VMware, and Intel, there’s something for everyone. Dive into the world of AI advancements with Microsoft’s Copilot and Apple’s on-device AI model. IoTeX, a DePIN-focused blockchain, received a $50 million investment from Borderless Capital, Amber Group, Foresight Ventures, and others. This investment aims to boost DePIN adoption through long-term staking of $IOTX tokens and supporting DePIN projects. ( Coindesk )
Evidence
Pending intelligence enrichment.
Analysis
GoldenTree’s digital asset unit has been acquired by investment firm Republic, with former partner Joe Naggar to lead the new entity, Republic Digital. The acquisition aims to strengthen Republic’s position in the digital asset space, leveraging combined expertise for new opportunities. ( The Block ) Raoul Pal predicts cryptocurrency users will exceed one billion by 2025. In 2023, global cryptocurrency users surpassed 500 million, a 34% increase from the previous year. ( U Today ) Ethena Labs introduced its governance token, $ENA, and expanded its stablecoin, USDe. The move garnered attention, including praise from Arthur Hayes, former BitMEX CEO. Ethena aims for decentralisation, accessibility, and security. ( Decrypt ) FixedFloat, a cryptocurrency exchange, has suffered its second security breach resulting in a $2.80 million loss. Detected by blockchain forensics firm Cyvers, suspicious transactions led to the withdrawal of funds from FixedFloat’s hot wallet on the Ethereum blockchain. ( Crypto News )
Key Points
- Fintech
- IT infrastructure
- Tech trends
- XR/VR
Actions
Pending intelligence enrichment.
