Victoria, Seychelles, June 28th, 2024, Chainwire Leading Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts from prestigious firms with the likes of Binance and Microsoft, Tomarket is designed to address markets and user needs beyond… Continue reading Bitget Wallet announces investment in trading platform Tomarket, targeting markets beyond DEXs
Market News
Bitget to launch social campaign in Vietnam to warn about crypto scams and risks
Victoria, Seychelles, June 28th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, will launch a unique social project in Vietnam. The campaign aims to educate people on how to use cryptocurrency securely and prevent fraud through engaging and understandable posters and banners. These educational materials, which will provide tips on detecting and avoiding… Continue reading Bitget to launch social campaign in Vietnam to warn about crypto scams and risks
Apple’s iPhone sales surge by nearly 40% in China in May
Apple Inc’s smartphone shipments in China saw a significant increase of 39.6% in May compared to the same month last year, according to data from the China Academy of Information and Communications Technology (CAICT). This substantial growth highlights Apple’s dominant position in the Chinese market amid a broader rise in demand for foreign-branded smartphones. Foreign-branded… Continue reading Apple’s iPhone sales surge by nearly 40% in China in May
This 2-year-old startup just got $120 M to build an AI chip and counter Nvidia
In the ever-evolving landscape of artificial intelligence, a two-year-old startup, Etched, has emerged with a bold mission: to challenge Nvidia’s dominance in the AI chip market. Founded by Harvard dropouts and headquartered in Cupertino, California, Etched has recently raised $120 million in venture funding to develop its competitive AI chip, Sohu. This significant investment positions… Continue reading This 2-year-old startup just got $120 M to build an AI chip and counter Nvidia
Kadena announces Nitin Gaur as advisor
New York, New York, June 27th, 2024, Chainwire Kadena, the industry’s only scalable Proof of Work blockchain, welcomes Nitin Gaur, the Founder of IBM Blockchain Lab and a former Global Head of Digital Assets at State Street, as an advisor. Gaur, a distinguished leader in blockchain with a robust patent portfolio, brings a wealth of… Continue reading Kadena announces Nitin Gaur as advisor
Maldives seeks alliances with China as Fitch downgrades its credit rating to junk status
Maldives Trade Minister Mohamed Saeed held discussions with senior officials from Chinese banks to form strategic alliances aimed at boosting the Maldivian economy. This comes as the US credit rating agency Fitch downgraded Maldives’ credit rating to junk status, raising concerns about the country’s ability to repay its foreign debt. High-level talks with Chinese banks… Continue reading Maldives seeks alliances with China as Fitch downgrades its credit rating to junk status
Crypto exchange Bybit rises to second place globally, says Kaiko report
Bybit, one of the world’s top three cryptocurrency exchanges by trading volume, has experienced a significant surge in market share according to Kaiko’s latest data debrief report. The report highlights Bybit’s impressive growth, especially after launching spot Bitcoin ETFs in the US, positioning it as a major player in the global crypto trading landscape. Since… Continue reading Crypto exchange Bybit rises to second place globally, says Kaiko report
Tezos targets L1 improvement with Tezos X
Proof of stake blockchain Tezos has unveiled a series of new updates. Dubbed Tezos X, the upgrade is a move towards a more efficient Layer 1 (L1) blockchain. Per a June 27 blog post, the developers consider the upgrade the next evolution for the self-upgradeable Tezos blockchain. When deployed, the blockchain is expected to see… Continue reading Tezos targets L1 improvement with Tezos X
Toyota, Denso, and Toyota Industries to sell $1.1 billion in Aisin shares
Toyota Motor Corp., Denso Corp., and Toyota Industries Corp. have announced plans to sell shares worth approximately ¥178 billion ($1.1 billion) in Aisin Corporation. The decision is part of a broader strategy to enhance capital efficiency and drive future growth for the group while maintaining strong capital ties. Sale to fund strategic investments The trio’s… Continue reading Toyota, Denso, and Toyota Industries to sell $1.1 billion in Aisin shares