CryptoNews

Ripple Acquires Crypto Financial Services Company Fortress Trust  – Finance Bitcoin News

September 9, 2023
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple Acquires Fortress Trust The acquisition provides Ripple with Fortress Trust’s financial, regulatory…
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CryptoNews

Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters – Bitcoin News

September 9, 2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral for reverse repo operations. Tether U.S. Treasury Exposure a ‘Call Option’ Tether, the largest…
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Cleantech & EV'sNews

This Chinese electric vehicle concept is an SUV and pickup truck all in one

September 9, 2023
Chinese automaker Changan revealed a fully electric concept car, dubbed the CD701, that can convert from an SUV to a pickup at the push of a button. Chinese automaker shows off electric SUV/pickup vehicle The state-owned Chinese legacy automaker introduced the new EV under its Qiyuan brand at the Changan Auto Tech Ecosystem Summit this week. Changan claims the new concept EV can transform from…
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AI & RoboticsNews

Hiber unveils generative AI for 3D world creation

September 9, 2023
Hiber announced an upgrade of its 3D world creation tools with the integration of generative AI that makes it a lot easier to build worlds. This milestone was unveiled during the recent Google Cloud Next event in San Francisco, showcasing the result of a collaboration…
AI & RoboticsNews

Why the latest $1 billion AI startup doesn’t want to beat OpenAI

September 9, 2023
Imbue, formerly known as Generally Intelligent, may now be enjoying a $1 billion valuation — and unicorn status — after this week’s funding round of $200 million led by Astera Institute, NVIDIA, Cruise CEO Kyle Vogt, Notion co-founder Simon Last, and other investors. But the AI research lab, which focuses on building custom, reasoning AI agents, doesn’t see itself in direct competition…
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