MoonPay has announced the acquisition of Israeli crypto security startup Sodot for $100 million in an all-stock transaction. Following the completion of this acquisition, Sodot will be integrated into MoonPay's newly established Institutional division. MoonPay Institutional is expected to provide a range of cryptocurrency and blockchain services to large traditional financial institutions, including trading, tokenized securities, payments, wallet management, and stablecoin issuance.
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MoonPay Acquires Crypto Security Startup Sodot for $100 Million in All-Stock Deal
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Belo Completes $14 Million Series A Financing Led by Tether
On April 29, Latin American digital wallet Belo completed a $14 million Series A financing round, led by stablecoin issuer Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. The company plans to use this funding to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while deepening its business presence in Brazil, focusing on serving freelancers and remote workers engaged in cross-border payments. The goal is to reduce the costs and friction associated with cross-border payments and foreign exchange through stablecoin infrastructure. -
BTC Falls Below $77,000
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Cyberspace Administration: Rapid Development of AI is Profoundly Changing Content Production
On April 29, according to The Paper, the State Council Information Office held a press conference. At the meeting, Niu Yibing, Deputy Director of the Cyberspace Administration of China (CAC), stated that the rapid development of new artificial intelligence technologies is profoundly changing content production, dissemination methods, and interaction forms in cyberspace, while also presenting new era challenges for the construction of online civilization. Niu pointed out that the development of artificial intelligence provides new technical support and pathways for producing high-quality content, innovating online communication, and cultivating a civilized atmosphere. However, it also brings a series of new issues, situations, and challenges, such as the identification of false information, personal information protection, and ethical safety in AI applications, which need to be addressed with strengthened regulation and effective responses while promoting development. Since the beginning of this year, the CAC has focused on new technologies and applications of artificial intelligence, continuously enhancing institutional supply, and in collaboration with relevant departments, has issued the 'Interim Measures for the Management of Humanized Interactive Services of Artificial Intelligence' and publicly solicited opinions from society regarding the management measures for digital virtual human information services. -
U.S. Senate to Vote Today on Confirmation of First Bitcoin-Supporting Federal Reserve Chair
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NVIDIA Executive to Discuss Physical AI Collaboration with Samsung and SK Hynix
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