Openverse has announced the completion of an $8 million strategic Series B funding round, with participation from Bright Capital and others
September 17th. The blockchain infrastructure platform Openverse declared the accomplishment of an $8 million strategic Series B funding round. The investors comprise Bright Capital, KC International, Innovation Engine, Go2Mars Labs, Becker Ventures, Gaea Ventures, etc. Openverse is engaged in developing the next-generation Layer0 Value Internet, with an emphasis on seamless cross-chain interoperability, the standardization framework for RWA, multi-chain native payments, and the value pegging of Bitgold (BTG).
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September Interest Rate Decision: 25 Basis Point Rate Cut Likely, Three Key Points May Rock the Market
On September 17th, the Federal Reserve is set to convey a "three-act play" message to investors during the upcoming interest rate meeting. Specifically, it pertains to the extent to which officials are readjusting their outlook in response to a weak job market. Additionally, it explores the degree of division within the Federal Reserve. There is also the question of whether Governor Waller's arrival has introduced a partisan tilt to the Federal Reserve.
Despite the Federal Reserve's intention to steer clear of political disputes, it has gradually become embroiled in the polarized dialogue of Washington. Republicans accuse Biden administration appointees of forcing the Federal Reserve into improper domains such as climate change and racial equity and utilizing rate cuts as a means to gain votes in the 2024 presidential election. Democrats, in contrast, criticize President Trump's pressure campaigns, including attempts to remove former President Biden's appointee Governor Quarles, effor
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New York Financial Regulatory Agency Requires Banks to Use Blockchain Analysis Tool to Combat Illegal Activities
September 17th. As per TheBlock, on Wednesday, the New York State Department of Financial Services (NYDFS) issued guidance. This guidance mandates that banks adopt blockchain analysis technology to combat illegal activities. The regulatory body pointed out that as traditional banking institutions venture into the virtual currency business, their compliance functions need to adapt to the new circumstances. They are required to introduce new tools and technologies to mitigate new risks. The guidance specifically highlights the significance of using blockchain analysis tools in areas such as customer wallet risk screening and digital asset product risk assessment, etc., with the aim of preventing illegal activities like money laundering, terrorist financing, and sanctions evasion.
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Bio Protocol has completed a $6.9 million seed round financing, led by Arthur Hayes's Maelstrom Fund
On September 17th, Bio Protocol successfully completed a seed round of financing amounting to $6.9 million, with Arthur Hayes's Maelstrom Fund taking the lead. Other investors involved include Mechanism Capital, Animoca Brands, Zee Prime Capital, Panga Capital, Mirana Ventures, Foresight Ventures, Big Brain Holdings, and others.
Bio Protocol is set to launch an AI-based decentralized science platform dedicated to biotech financing and drug discovery. This financing coincides with the launch of Bio V2, which introduces on-chain funding and a decentralized AI-driven framework for early-stage scientific research and development. Researchers, patients, and the crypto community can utilize BioAgents to generate scientific hypotheses, monetize their discoveries, and uncover hidden insights in the field of biology more rapidly than traditional biotech. Bio plans to globally expand the BioAgent framework to other researchers and labs, creating a decentralized scientific machine network to bui
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