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Mercedes-Benz to integrate ChatGPT into its vehicles

Mercedes-Benz

German automaker Mercedes-Benz has announced plans to introduce OpenAI’s ChatGPT chatbot into its vehicles through a beta program for the Mercedes-Benz User Experience (MBUX) feature. This integration will enable AI-driven voice commands and provide additional functionality to enhance the user experience for Mercedes-Benz owners. The beta program will commence on June 16 and run for […]

Cronos Labs launches the second cohort of its accelerator program

Cronos Labs

Cronos Labs has recently announced the launch of its second cohort for its accelerator program. With a substantial $100 million investment, the program aims to support early-stage cryptocurrency projects by offering mentorship and funding opportunities. Cronos Labs to invest $100 million in the program The selected projects for this cohort were carefully handpicked by Cronos […]

United States VP holds discussion panel on AI

United States VP

The United States VP Kamala Harris held a meeting with CEOs from leading AI companies to discuss concerns about the risks associated with AI. Notably, Mark Zuckerberg, the CEO of Meta, was not in attendance. The meeting was attended by nine top Biden administration advisers in science, national security, policy, and economics. United States VP […]

What is Aptos? Features, Tokenomics, and Price Prediction

Aptos revolutionary protocol

Aptos is a relatively new blockchain platform initially created by Meta. Aptos claims to provide the best layer 1 blockchain, with high scalability and security. Aptos transactions are verified by validator nodes who come to an agreement on the state of the blockchain. The transaction order is executed on MoveVM, Aptos’ own virtual machine. Aptos […]

Sebastien Borget wants to defend metaverses against Big Tech

Sebastien

TL;DR Breakdown Sandbox co-founder Sebastien says that he must defend metaverse from giant techs. Sebastien believes the metaverse could face distruction. The virtual land sale has given the platform the necessary publicity. Sebastien Borget plans to guard the metaverse from Tech bigwigs. He claims that tech giants such as Meta only aim to destroy the […]

Ozzy Osbourne excited about launch of Cryptobatz NFT project

Ozzy

TL;DR Breakdown Ozzy Osbourne joins the NFT bandwagon announcing his very own collection. The collection is inspired by his performance some decades ago, where the singer put a bat in his mouth. Ozzy Osbourne, an iconic heavy metal band Black Sabbath frontman, launches Cryptobatz. This will be a group of  NFTs with 9,666 unique bats. […]

JPMorgan forges a partnership with Siemens for blockchain transactions

JPMorgan

TL;DR Breakdown JPMorgan partners with Siemens to come up with a digital remittance system. Siemens became the first customer to be served by JPMorgan through its new remittance system. JPMorgan, a reputable American bank, has forged a partnership with Siemens to develop a Blockchain payment system. The association has already done its work, and Siemens […]

Polygon discloses patched exploit that put 9B MATIC at risk

Polygon

TL; DR Breakdown Polygon went public on a flaw that saw them make a discreet update. They rewarded the hackers who noticed the breach and reported it. Polygon has patched a flaw that left its indigenous asset, MATIC, valued at over $24 billion, in danger. The blockchain network announced that a hacker who assisted the […]

OKEx Blockdream Ventures completes a partnership with WAX

OKEX

TL;DR Breakdown On DEC 13,2021, the Worldwide Asset eXchange (WAX) said that OKEx Blockdream Ventures now holds a great post in their organization. OKEx is joining hands with WAX by purchasing an undisclosed amount of WAXP tokens. On DEC.09,2021, WAX said it welcomed OKEx to their ecosystem after purchasing their native tokens in a significant […]

PWC’s Hong Kong purchases a virtual land in the Sandbox metaverse

PWC

TL;DR Breakdown On DEC 23, 2021, the Pricewaterhouse Coopers Hong Kong Office revealed that its latest acquisition is virtual land in the Sandbox. The PWC Hong Kong office is the premiere International company to join the metaverse through the Sandbox. Yesterday, the PWC office of the capital of China confirmed that they now own land […]

Astra Protocol collects $9million through its private sale

Astra Protocol

TL;DR Breakdown On DEC. 22, 2021, Astra protocol announced collecting $9 M from their private sale round.  The project owners also said that top-tier institutions and individuals showed great support. Yesterday, the Astra team announced the successful private sale round that gave them a collection of $9 M. They also said that some of the […]

President of Cambridge Blockchain Society joins Forward Protocol on camera

Forward Protocol

The trailblazing blockchain project Forward Protocol is welcoming a new guest to its live talk show next Monday. Taranveer Sabharwal, the President of Cambridge Blockchain Society will be joining the Forward team to talk all things Blockchain! Sabharwal has much experience in the field of blockchain and DeFi solutions and is one of the brightest […]

Making Ethereum fee structure reliable and predictable: Multidimensional EIP-1559

Ethereum

TL;DR Breakdown Ethereum co-founder has suggest a new upgrade to the fee management. ‘Multidimensional EIP-1559’ will make the cost of activity on Ethereum blockchain predictable. Blockchain systems are going through improvements to ensure that the users get the best possible results. The chain of changes has been a continuous process and will continue because of […]

What are Web1, Web2, and Web3 in simple terms? [Difference Explained]

Web

TL;DR Breakdown The internet has expanded exponentially over the years, leading to different versions. Web 1.0 was the first of the three, used from 1989-2005. Web 2.0 came after 1.0, it is the current day version. The future is Web 3.0, it has many applications even in 2.0. If you’re part of the new generation, […]

Accumulate Protocol: A High-performance blockchain for DeFi

accumulate

Accumulate Protocol is a high-performance blockchain for decentralized finance (DeFi). While the traditional blockchain networks are function around hash addresses, the Accumulate Protocol blockchain is completely based around digital identities. This model allows the Blockchain to achieve high efficiency, scalability and ensure a higher level of security than traditional blockchains.  The Protocol is led by […]

HashBrownSwap’s DeFi plans to be a hit in the cryptocurrency market

trading g c e

TL;DR Breakdown • New DeFi project shakes up crypto trading around the world.• The decentralized finance website promises exchanges with low payment fees. Crypto trading is growing faster than expected, so much that a new DeFi platform has been developed for enthusiasts. Recently Hash Brown Swap company, which has been researching and creating solutions in […]

Fractional NFTs market grows to surpass $200 million mark in 2021

NFTs

TL: DR Breakdown The NFT market is gaining value at a fast rate this year. Fractional NFTs are different since they can be subdivided into smaller frames to allow a group of investors to own them, and they surpassed $200million yesterday. The value of the whole NFT market is going up in 2021. Today almost […]

Forward Protocol token launches on December 13th and 14th

Forward Protocol

TL;DR Breakdown Forward Protocol token launch will go live this Monday and Tuesday.  The SHO will launch on the DAO Maker on Monday at 12 PM UTC.  The IBO will take place on MahaStarter on Tuesday at 3 PM UTC.  Each FORWARD token will be sold for $0.005.  The exciting new blockchain project Forward Protocol […]

Cardano: First ERC-20 converter goes live on testnet

Cardano

TL;DR Breakdown Cardano launched its first ERC-20 converter to enable cross-blockchain transactions. The network is getting ready For DeFi on its blockchain. SingularityNET handles AGIX ERC-20 Converter to the Cardano blockchain. Cardano launched its first ERC-20 converter through IOG. IOG is the sole developer of Cardano. Besides, the upgrade is one of the most incredible […]

Forward Protocol partners with heavy metal icon Shavo Odadjian

Forward Protocol

TL;DR Breakdown:  Upcoming blockchain project Forward Protocol announces partnership with Shavo Odadjian. Shavo is an iconic musician and a key member of the legendary heavy metal band SOAD. This partnership will help Forward Protocol to promote wider blockchain adoption in the art industry. Token Sale will take place on December 13th and 14th on the […]

Kucoin sees user base surge past the 10m mark

Kucoin

TL;DR Breakdown KuCoin has grown its global user base to over 10 million people. The feat makes it one of the top five crypto exchanges globally. KuCoin has surpassed the ten million user milestone. The firm has announced today through a Twitter post. Achieving the feat places the crypto exchange among the top five platforms globally. Compared to […]

Cathie Wood: Metaverse will be a multi-trillion-dollar economy

Cathie

TL;DR Breakdown Metaverse can grow into a vast market, impacting all-economy sections. The sale capacity for metaverse may be higher than $1 trillion. Cathie Wood has come forward and stated that metaverse would grow into a vast consumer base. The CEO of Ark Invest made the statement during a talk with CNBC recently. Cathie hinted […]

Northern Data YTD 2021 revenues surge buoyed by million-euro acquisitions

Northern Data

TL;DR Breakdown Northern Data reveals that it made up to EUR 220M revenues by November. The revelations are in the firm’s YTD operations update for 2021. This year, Northern Data’s (ND) revenues are over 200 million Euros. The platform made the results public on December 2nd (PR). ND’s PR was a year-to-date report on its […]

DappRadar announces the Dapp store launch and plans for their token

DappRadar

TL;DR Breakdown DappRadar reveals its plans to reposition to a full-scale Dapp store. They also said that they are launching their native token under the ticker Radar. DappRadar, a major platform for Dapp innovation, said it plans to launch the DappRadar store. They also said they want to launch their decentralized Radar token, which will […]

BSC reveals Bruno upgrade will go live on November 30th

BSC

TL;DR Breakdown Binance Smart Chain (BSC) has set a November 30th, 2021 date for its Bruno upgrade. The new update will introduce a Real-Time Burning Mechanism to the network (RBM). Users of leading blockchain (BC) network BSC are in for exciting times. The firm has announced a 30th November hardfork to its network.  The update […]

Civic Technologies unveils an anti-bots tool on Solana network

CIVIC

TL; DR Breakdown Civic Technologies introduces a tool on the Solana network to protect users against bot attacks on the platform. The firm specializes in providing compliance solutions for DeFi projects, NFTs, and blockchains. Civic Technologies, the San Francisco-based identity firm, unveiled a tool to battle NFT bots on the Solana network on November 8. […]

Dogecoin on the tip of fulfilling Elon Musk-supported upgrade

Dogecoin

TL; DR Breakdown Dogecoin core 1.14.5 minor version release is almost done according to developers working on it. The new core reform brings many exciting features to the table, including an increased block addition fee. Dogecoin Core 1.14.5 is a new minor version release that is almost done. It revolves around the very-frenzied fee cut […]

Kazakhstan Senate approves guidelines that could subject the country to AML regulations

Kazakhstan

TL; DR Breakdown The Kazakhstan senate approves proposed regulations to better watch over the financial and crypto sector within the country. The country is a significant crypto mining hub since China banned all crypto mining processes, necessitating these steps. Kazakhstan made crucial steps recently by its Senate standing with new regulations to watch over its […]

Aleph.im initiates serum markets analytics for Solana

Serum

TL; DR Breakdown The Serum features a fully on-chain central limit order book that provides liquidity to traders. The Serum is a protocol that allows for speedy and secure data transfer, allowing its storage on an infrastructure blockchain.  Crypto-enthusiasts will have an opportunity to learn more about the liquidity support of Solana and Serum. This […]

European central banks to settle payments with distributed ledger technology

distributed ledger technology

TL; DR Breakdown European central banks want to use distributed ledger technology to settle payments. An official statement said it would not replace the standard payment system. The pilot test was conducted in March. The crypto sector is gradually undergoing massive growth as more individuals continue to enter the market. With more people and entities […]

Bitfury: Brian Brooks, the former Binance CEO, gets a top job

Bitfury

TL; DR Breakdown Former Binance US Chief gets appointed to steer Bitfury towards its visions. Bitfury has several projects lined up, including an IPO and expansion of other ventures. Bitfury Group Ltd. has taken in Brian Brooks to replace Valery Vavilov as CEO. He joins the firm during a crucial time. The company wants to develop another […]

Katana decentralized exchange unveils on the Ronin blockchain

Katana

TL; DR Breakdown Axie Infinity is proud to present Katana DEX, its decentralized exchange based on Ronin. The DEX offers users swapping options, staking funds into liquidity pools, and trading fee rewards. Axie Infinity recently put forth news on its DEX, Katana DEX, built on Ronin. The gaming network is working towards the most prominent trading […]

KuCoin establishes a virtual home in Bloktopia metaverse

Kucoin

TL; DR Breakdown  KuCoin is exploring different innovations and has now embraced the virtual world in Bloktopia metaverse. Over 10million users are in for a beautiful experience with a variety of virtual options. KuCoin Meta Office has announced that it’s creating a virtual reality skyscraper to give its users a phenomenal experience. The company will […]

Metaverse explained – a new age of digital reality

Metaverse

TL;DR Breakdown:  Metaverse is a 3D virtual and immersive form of the internet.  The metaverse will make your virtual life feel almost the same way as your physical life.  Facebook’s Meta will support NFTs. Metaverse has been dominating the headlines for the last couple of days after Facebook CEO Mark Zuckerberg announced that the Facebook […]

Alchemy, a web3 infrastructure provider, raised $250 million in funding

Alchemy

TL; DR Breakdown Alchemy’s tertiary financing round brings the company’s valuation to $3.5B. The company has multiplied its revenue by 15x in the last six months. Alchemy, a web3 and blockchain base provider, has reached an exciting milestone. The firm raised $250M in its line C financial cycle. Consequently, Venture capital firms A16z Partners with […]

Blockchain startup QuickNode raises $35m in Series A funding round

Artifact Labs

TL;DR Breakdown Blockchain startup raises $35m in funding round. QuickNode working on developing Web 3. Firm to use fund expand on its product and services. American-based blockchain startup, QuickNode has hit the jackpot in its recent Series A funding round after it made $35 Million. QuickNode blockchain startup builds technologies to support Ethereum, Bitcoin, Polygon, […]

Robinhood stocks HOOD drop by nearly 10% as crypto activity declines

Robinhood

TL: DR Breakdown The Robinhood stocks plunge as crypto market activity decreases with more accounts leaving the platform. Not listing Shiba Inu could be a contributor to its net losses this quarter. The crypto activity on Robinhood has seen a drop, consequently leading to its stock HOOD declining in value. As per the platform’s report […]

Terraform Labs CEO against 2 subpoenas issued by the SEC in a recent lawsuit

Terraform Labs

TL; DR Breakdown Terraform Labs and its CEO challenged the Securities and Exchange Commission in a recent lawsuit. The lawsuit argues the commission’s wrong approach in issuing two subpoenas to the company concerning its Mirror Protocol. A recent lawsuit filed by Terraform Labs and its CEO and co-founder Do Kwon challenges the SEC’s issuance of […]

Polymarket binary trade under investigation by CFTC

Polymarket

TL; DR Breakdown CFTC is scrutinizing the DeFi platform to ensure they abide by the rules. The prediction market platform has made a bold move by hiring the previous CFTC director to tow them in the right direction. Polymarket, a DeFi platform in New York, has been placed under a microscope by the Commodity Futures Trading […]

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