Owner of Hong Kong crypto exchange OSL secures $90M investment
BC Technology Group, the operator of Hong Kong’s publicly-listed crypto exchange OSL, has raised $90 million in subscription of new shares from BGX. Go to Source
Funding
Auto Added by WPeMatico
Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England. Go to Source
Solana price hits a new 2023 high — What’s behind the SOL rally
SOL hit its highest price since May 2022, possibly due to an uptick in DApp use and a few other key factors. Go to Source
How decentralized platforms democratize crypto funding initiatives
Kriss Baird, the principal figure of Cardano’s Project Catalyst, spoke with Cointelegraph about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development. Go to Source
IBM launches $500M fund to develop generative AI for enterprise
The new fund follows IBM’s participation in a $235M series D funding rounding in August for generative AI firm Hugging Face. Go to Source
Google to invest another $2B in AI firm Anthropic: Report
Google has already invested $500 million as part of the deal, while the outstanding $1.5 billion will be paid over time, according to the Wall Street Journal. Go to Source
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?
LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move? Go to Source
Binance tight-lipped on projects funded by $1B crypto recovery fund
Binance-initiated IRI fund has only spent some 2.7% of the total of $1.1 billion committed to saving crypto in the aftermath of the FTX collapse, and has still not explained which entities benefited. Go to Source
Hong Kong crypto VC opens $100M fund for Asian blockchain startups
The crypto fund, named Titan Fund, has already made five investments in different blockchain startups with two going toward Hong Kong-based projects. Go to Source
Industry leaders and policymakers weigh in on a potential US gov’t shutdown
A U.S. government shutdown was not inevitable, but even if one were to last for a matter of hours or days, lawmakers’ priorities on their return may not be digital assets. Go to Source