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Nvidia AI partner Databricks raises $500M to achieve $43B valuation Capital One also joined the investment round, despite being the top client of rival cloud platform Snowflake. Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500 million from primary investor accounts led by T. Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia. The latest investment round was achieved at a valuation of $43 billion dollars and a share price of $73.50, according to Databricks. In 2021, the company raised null.6 billion in Series H funding at a valuation of $38 billion. Databricks’ financial partnership with Nvidia indicates an increased synergy between the two artificial intelligence (AI) corporations, with generative AI for enterprise data being the primary driver for the raise. Nvidia CEO Jensen Huang, per a Databricks press release, called enterprise data “a goldmine for generative AI,” adding, “Databricks is doing incredible work with Nvidia technology to accelerate data processing and generative AI models.” Databricks’ most prominent product is its “Lakehouse” platform. Lakehouse essentially combines a data warehouse with a data lake for seamless developer workflow access.
SEC reverses decision on sealing, redacting some documents in Binance.US case The documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however. Observers should soon get a look at some of inaccessible documents in the United States Securities and Exchange Commission’s (SEC) case against Binance. The documents were sealed or redacted at the SEC’s request and are being unsealed at the request of the SEC itself. District of Columbia District Court Magistrate Judge Zia Faruqui issued an order Sept. 15 granting the SEC’s motion to unseal or remove the redaction from the documents. The order lists 18 sealed documents and another nine partially sealed or redacted documents.
Zksync Airdrop Confirm? Token commitments to insiders: Multiple people from ZkSync (Alex Gluchowski, Steve Newcomb, Marco Cora) confirmed that there will be a token. They mentioned that ⅓ of the tokens are reserved for insiders. \[2] This sounds like they have already made a commitment to allocate tokens to key stakeholders. Why would they not launch a token? A token is the best way to monetize your project and get the support of relevant people\ \ A Token for the Zk Porter: So, I’m collecting every bit of information about the airdrop that I could find & by coincidence I stumbled upon something interesting: The ZkPorter. The ZkPorter is the off-chain Data availability layer for ZkSync. As you know ZkSync validates transactions off-chain in order to scale better. That's what the ZkPorter is for. Anyway, after learning about the ZkPorter, I watched the Bankless interview with Alex Gluchowski from ZkSync and he said something along the lines of \[1]: “We need a token because that's how the ZkPorter will be validated”
What will be the largest airdrop project of layer2 I think this is just a confrontation between Zksync and Starknet. Because other layer 2 Ethereum projects are still in the process of perfecting their ecosystems.
Crypto Biz: PayPal rolls out crypto ramps, Franklin Templeton joins BTC ETF race, and more This week’s Crypto Biz looks at PayPal’s crypto gateway, Franklin Templeton’s BTC ETF filing, Coinbase’s Lightning Network integration, and Meta’s plans for a new AI model. Without aggressive marketing tactics, fintech giant PayPal is quietly and consistently venturing deeper into the crypto space, rolling out features and building key partnerships to advance its digital assets strategy. This week, PayPal unveiled new on-ramps and off-ramps for cryptocurrencies for its clients in the United States — a noteworthy step for the country, particularly as many crypto firms struggle with supporting fiat-crypto conversions since the United States Securities and Exchange Commission began its controversial crackdown on the industry. Also deepening ties with the crypto ecosystem is the traditional asset manager firm Franklin Templeton. The company filed for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the U.S., joining a long list of major investment firms seeking approval for a Bitcoin investment product, including names such as BlackRock, Fidelity and WisdomTree, among many others.
Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery." Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global. In a Sept. 15 filing in the United States Bankruptcy Court for the Southern District of New York, the legal team accused DCG of gaslighting Genesis creditors through “contrived, misleading, and inaccurate assertions” in the recovery plan. The plan, filed in bankruptcy court on Sept. 13, claimed that unsecured creditors could have a “70–90% recovery with a meaningful portion of the recovery in digital currencies” while Gemini Earn users could expect an “approximately 95–110%” recovery for their claims.
We are couples....
Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth **In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation.** https://news.bitcoin.com/federal-reserve-raises-federal-funds-rate-by-25bps-amidst-moderate-economic-growth/
Robert Kennedy Jr Reveals BTC Investment for His Children, Insists Bitcoin 'Threatens the Monopoly on Money' **During a Twitter Spaces event on Wednesday, Robert F. Kennedy Jr., a Democratic U.S. presidential contender, revealed that he acquired 14 bitcoin for his children. This announcement comes on the heels of financial documents filed on June 30, 2023, which indicated his ownership of the leading cryptocurrency.** https://news.bitcoin.com/robert-kennedy-jr-reveals-btc-investment-for-his-children-insists-bitcoin-threatens-the-monopoly-on-money/
Binance to Restore Full Services in Japan in August, CZ Unveils **Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global platform.** https://news.bitcoin.com/binance-to-restore-full-services-in-japan-in-august-cz-unveils/
Bitcoin gets $28K ‘plunge protection’ with BTC price due new volatility Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next. https://cointelegraph.com/news/bitcoin-28k-plunge-btc-price-new-volatility
That's me !
The fashionish that i want to follow
Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙 #orb #orbapp #orbsbt
Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩 #orb #orbapp #orbsbt
Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥 #orb #orbapp #orbsbt
Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿 #orb #orbapp #orbsbt
Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯 #orb #orbapp #orbsbt
Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇 #orb #orbapp #orbsbt
Another week, another testnet upgrade 😁 Sepolia, which merged a few weeks ago, now needs to undergo a simple post-merge upgrade to disconnect non-PoS peers. The upgrade is scheduled for August 17, and only ELs need to be updated. More info here 👇🏻 https://blog.ethereum.org/2022/08/03/sepolia-post-merge-upgrade/
Good girl are found in every corner of the Earth. But unfortunately the Earth is round 🤕
Crypto.com Accidentally Sent $7 Million to Customer — Sues 7 Months Later to Get It Back https://news.bitcoin.com/crypto-com-accidentally-sent-7-million-to-customer-sues-7-months-later-to-get-it-back/
FTX proposes a way to give Voyager Digital clients some of their digital assets back early FTX is proposing to buy out all Voyager Digital digital assets and digital asset loans, except loans to Three Arrows Capital, which would remain Voyager Digital’s problem. https://cointelegraph.com/news/ftx-proposes-a-way-to-give-voyager-digital-clients-some-of-their-digital-assets-back-early
TRON DAO reserve addresses questions regarding USDD stablecoin Geneva, Switzerland, July 22 – The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON. https://cointelegraph.com/press-releases/tron-dao-reserve-addresses-questions-regarding-usdd-stablecoin
Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder https://news.bitcoin.com/kenyan-fintech-pezesha-raises-11-million-in-pre-series-a-round-backed-by-cardano-blockchain-builder/
My style to work out
Bitcoin's Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. While Bitcoin’s inflation rate per annum is 1.73% today, after the halving in 2024, the crypto asset’s yearly inflation rate will be down to 1.1%. https://news.bitcoin.com/bitcoins-mathematical-monetary-policy-is-far-more-predictable-than-gold-and-fiat-currencies/
Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say 'There Are Many Legitimate Reasons to Seek Financial Anonymity' The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future calls the ban “a threat to the future of financial privacy.” https://news.bitcoin.com/crypto-community-responds-to-tornado-cash-sanctions-privacy-advocates-say-there-are-many-legitimate-reasons-to-seek-financial-anonymity/
Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting 'Wasted Gas to Energy at Scale' The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same day, the firm Applied Blockchain got a $15 million loan to fund growth and “buildout of its data centers.” While the bitcoin mining industry’s growth has been exponential, at the same time, bitcoin mining operations are making a significant dent toward cleaning up the world’s CO2 emissions. https://news.bitcoin.com/bitcoin-mining-operations-continue-to-expand-amid-the-crypto-winter-while-converting-wasted-gas-to-energy-at-scale/
Nexo, Crypto Lender on Prowl for Ailing Rivals, Faces Declining Deposits An analysis of crypto lender Nexo's attestations, including older data retrieved using the Wayback Machine, reveals just how much its deposits have declined in recent months. https://www.coindesk.com/markets/2022/07/22/nexo-crypto-lender-on-prowl-for-ailing-rivals-faces-declining-deposits/
3AC founders reveal ties to Terra founder, blame overconfidence for collapse Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook several red flags with the project that eventually led to a multi-million dollar loss for the hedge fund. https://cointelegraph.com/news/3ac-founders-reveal-ties-to-terra-founder-blame-overconfidence-for-collapse
BlackRock Launches Spot Bitcoin Private Trust, Bitcoin Outlook as Ethereum Merge Approaches "All About Bitcoin" discusses the news moving crypto markets. BlackRock offers U.S.-based institutional investors a spot bitcoin private trust. How could the Tornado Cash U.S. ban impact the future of crypto? Guests include Alex Thorn, head of research at Galaxy Digital and Doug Schwenk, CEO of Digital Asset Research. https://www.coindesk.com/tv/all-about-bitcoin/all-about-bitcoin-august-11-2022/
Lenster is quite a good social app, i tried !
Well, that's another Fiverr artist who'll never work with us again.
The future of social is looking greener 💚 with the help of features like dispatcher and signless transactions, the Lens API has surpassed two million gasless transactions! 🤩 👏
👋 gm gm #lenster fam! Have you ever contributed to Lenster's codebase? 🔡 Even a tiny typo fix? 🥇 Then you are eligible to claim a special POAP per year you managed to get a commit in our code! 🥳 Check if you are eligible and get your here: https://www.gitpoap.io/gp/402 Nothing to claim yet? Well, no worries! There are many issues in the codebase. You can contribute to Lenster today and still get the 2022 badge and keep contributing to get the eventual 2023 one. 🌵 Fork and get your hands dirty today at https://github.com/lensterxyz/lenster
Greetings AAVE fam, the snapshot for the GHO proposal is now public. It's time to read 📄 with voting 🗳 starting tomorrow https://snapshot.org/#/aave.eth/proposal/0xb17b3294dcb08316cb623c717add7f82df54948d558992f886be59d0958e9b24
Calling all GHOsts 👻 We have created an ARC for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO. Read more below and discuss your thoughts for the snapshot (coming soon)!👇 https://governance.aave.com/t/introducing-gho/8730 GHO will be: 🌍 Decentralized 💪 Over-collateralized by assets that continue to earn yield ✨ Backed by multiple types of collateral available on the Aave Protocol ⚖️ Governed by the Aave community With community support, GHO can extend the capabilities of the Aave ecosystem! Users will be able to generate GHO after supplying collateral, and then burn GHO when reclaiming collateral 🔐 Based on the proposal, all users with stkAAVE in the Safety Module will be eligible for a discount on GHO 👀 This is yet another exciting leap forward for the Aave Protocol and we can’t wait to hear the community’s thoughts on it! Ready, Set, GHO 🏃🏃‍♀️
Let's go, 2 days for Apple 🌈 #WWDC22 https://www.apple.com/apple-events