SEC - Page 64

New York City, United States, 27th September, 2022, Chainwire

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Space and Time, a Web3-native data platform that empowers the trustless automation of business logic through patent-pending Proof of SQL cryptography, has secured $20 million in strategic funding from marquee investors led by Microsoft’s M12 fund.

Other investors participating in the funding round include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard the Avalanche Fund, Stratos, Hash Capital, Coin DCX and several Web3 leading communities and angel investors. Space and Time previously raised $10 million in a seed funding round led by crypto investment firm Framework Ventures.

“We are excited to announce the strategic support of M12 and Microsoft, and extend our partnership with Chainlink,” said Nate Holiday, co-founder and CEO of Space and Time. “We are committed to automating the business logic of the world by directly connecting smart contracts to Space and Time’s data warehouse in order to enable new and advanced use cases in Web3. Space and Time sits at the intersection of on-chain and off-chain data computation and we are thrilled to work with world-class data partners to build the next generation data ecosystem for both decentralized applications and enterprises at scale throughout the world.”

Space and Time joins on-chain and off-chain data in a trustless environment that powers low-latency transactions and enterprise-scale analytics. The protocol’s decentralized data warehousing capabilities allow the creation, joining and querying of immutable and mutable tables with cryptographic guarantees all within Space and Time’s next generation data platform.

Funds will be used to accelerate engineering and product development. Over 90% of funding will be dedicated to the product and customer adoption of Space and Time.

Providing familiar enterprise tools which process data volumes much larger than the current on-chain capacity are required to unlock new use cases for Web3. Space and Time is on a mission to make smart contracts more robust by connecting them with enterprise database capabilities using its novel cryptography.

Space and Time will allow the business logic in centralized systems to be automated and connected directly to smart contracts. As a platform and tools company, Microsoft is committed to supporting its partners and customers with their technology needs, including Web3 scenarios and use cases.

Space and Time will integrate with Microsoft Azure to provide Azure customers with an on-ramp to access, manage and perform analytics on blockchain-native data. The comprehensive Microsoft Azure cloud platform and industry-leading identity and security capabilities provide a trusted set of services to develop and run Web3 applications in this new era of ubiquitous computing.

“We look forward to seeing the ways in which Space and Time will allow the business logic in centralized systems to be automated and connected directly to smart contracts,” said Michelle Gonzalez, Corporate Vice President and Global Head of M12. “As blockchain technology finds applications in a wide range of industries, Space and Time is building the foundation to shape this work in a Web3 environment. M12 looks forward to partnering in that journey.”

As part of the Startup with Chainlink program, Space and Time will be working closely with Chainlink to extend the capabilities of hybrid smart contracts to power the trustless web. The platform will allow blockchain developers to build multichain dApps and rapidly generate analytical insights in a decentralized, low-cost and secure way.

“We’re proud to support Space and Time through the Startup with Chainlink program in their mission to build a decentralized data warehouse and bridge the on-chain and off-chain worlds with Chainlink oracles. With the total addressable market for trust-minimized applications in the trillions of dollars, providing core infrastructure to Web3 developers is crucial for scaling and meeting this global demand,” stated Sergey Nazarov, co-founder of Chainlink.

About Space and Time

Space and Time, www.spaceandtime.io, is the first Web3-native decentralized data warehouse that connects on-chain and off-chain data to deliver broad, enterprise-grade use cases to smart contract applications. Developed as part of Chainlink Labs’ Startup with Chainlink initiative, the platform gives users and developers the ability to connect analytics directly to smart contracts through novel Proof of SQL cryptography, opening up a whole new set of use cases and business logic for smart contracts. Space and Time is built from the ground up as a multichain data platform for Web3 developers in DeFi and Web3 gaming, or any project needing next-gen analytics.

For more information, visit: https://www.spaceandtime.io/

For media inquiries, please contact: Spencer Reeves, marketing@spaceandtime.io 

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. https://www.microsoft.com/ 

About M12

M12, Microsoft’s venture fund, works to accelerate the future of technology through investments, insights, and meaningful partnerships with Microsoft. We invest in enterprise software companies primarily in the Series A and B funding stages, with a focus on autonomous systems, cloud infrastructure, cybersecurity, DevOps, healthcare and digital biology, vertical SaaS, and Web3, metaverse and gaming technologies. As part of its value-add to portfolio companies, M12 empowers entrepreneurs with capital, customer connections, and deep access to Microsoft’s ecosystem and leadership. M12 has offices in San Francisco, Seattle, London, Tel Aviv, Singapore, and Bengaluru. https://m12.vc 

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Its oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

For more information, visit: https://chain.link/

Contact

• Nadav Dakner
• nadav@marketacross.com

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Cryptocurrency exchange Kraken has no plans to delist tokens the U.S. Securities and Exchange Commission has labeled as securities, or to register with the agency as a market intermediary, said incoming chief executive officer Dave Ripley on Thursday.

The stance of the San Francisco-based platform, which says it has more than nine million clients, underscores the challenges the securities regulator is facing in its effort to rein in the crypto industry.

Kraken, which made news earlier this year when it denied requests to block the digital wallet addresses of Russian users following the invasion of Ukraine, has long championed the libertarian values associated with cryptocurrency. Its new CEO has promised to stay the course on the company’s culture.

Kraken announced on Wednesday that its often-controversial co-founder Jesse Powell would step down and that Ripley, Kraken’s chief operating officer, will assume the CEO role after the firm hires a new COO.

Ripley will take the helm of Kraken not only at a time when the crypto market is facing a major rout, with bitcoin down nearly 60% this year, but also as the fast-growing industry has been at odds with regulators like the SEC.

Despite reports that the SEC is scrutinizing Coinbase for listing several tokens on its platform the regulator identified as securities in a July insider trading lawsuit, Kraken has no plans to remove those tokens from its exchange, Ripley said.

Ripley added Kraken also sees no reason to register with the SEC as an exchange because his company does not offer securities, despite calls from SEC chair gary gensler for crypto platforms to register.

“There are not any tokens out there that are securities that we’re interested in listing,” he said. “There could be some new token out there that becomes interesting and also happens to simultaneously be a security [and] in that case, we would potentially be interested in that path.”

In a summer when once-formidable players in the crypto market like Celsius Network and Voyager Digital filed for bankruptcy, and others like Coinbase announced layoffs, Kraken has managed to avoid the market downturn, and is now eyeing opportunities.

“To the extent that there are opportunities for M&A in this environment, and perhaps if it’s a company that is actually going through a bankruptcy process, then that’s a potential for us to consider for sure,” said Ripley, adding the company has not made any moves yet.

However, he said Kraken would consider acquisitions that bolster its product and tech portfolio, particularly as the exchange looks to broaden its offerings with a forthcoming platform for non-fungible tokens and banking services for institutional clients.

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Zug, Switzerland, 19th September, 2022, Chainwire

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The GRN Association announced today that it has secured an investment totaling $50M for the GRNGrid project from GEM Digital Limited, a venture capital focused on digital currencies.

About GRNGrid

GRNGrid is an environmentally friendly, scalable, and stable Layer 1 blockchain, with novel DeFi features. On GRNGrid, users have the choice to only use nodes running exclusively on renewable energy for their transactions.

GRNGrid’s renewable energy partners, who specialize in data center and hosting facilities, have shown keen interest in running Grid’s nodes as validators. With their help, the company can kickstart the availability, speed, and sustainability of GRNGrid in Q2 2023. GRNGrid’s novel features as GRNPay and Exnode will also encourage developers and consumers to connect on GRNGrid.

GRNGrid is also introducing Proof-of-Stake V2 (PoS2). GRNGrid is the first blockchain with a consensus method specifically designed to tackle whales and achieve fairer distribution. This consensus method will deliver increased security, enhanced decentralization, and better financial sustainability.

GRN ($G) is the native token of GRNGrid. “G” will govern the blockchain by staking to validate and earn validation rewards. Consumers are able to provide liquidity to the inbuilt DEX called Exnode.

The GRN Association is a Swiss-based NPO (non-profit organization), — and protects the sustainable vision of GRNGrid, as well as providing funding to environmental projects. The association also handles the ReCharge program, which enables GRNGrid validators to repurpose their hardware and cut back on electronic waste.

The new funding from GEM will be invested in further connectivity with top crypto Exchanges, adding new global professional partnerships, and building out its blockchain technology and infrastructure.

Frederik Vyncke: “The GRN Association is confident that with the support of GEM investment and the community, it can bring GRN Grid to fruition and be setting the tone for a renewable blockchain with innovative features and create a sustainable development”

For more information, visit:

GRNGrid | Twitter | Telegram

About GEM

GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in promising utility tokens listed on over 30 centralized and decentralized exchanges globally.

For more information, visit:

GEM Digital Limited

Contacts

Board Member

• John de Vroede
• GRN Association
• john.devroede@grngrid.com

Board Member

• Frederik Vyncke
• GRN Association
• Frederik.Vyncke@grngrid.com

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Lawrence Summers, the renowned American economist who served as the 71st United States Secretary of Treasury from 1999 to 2001 under Bill Clinton, as well as the director of the National Economic Council from 2009 to 2010 under Barack Obama, will be offering his insights into the global economy and financial markets during the 13th edition of AIM Summit being held on Nov. 21 and 22, 2022 in Dubai.

AIM Summit is the region’s leading forum for providing insights on investment developments and global market conditions. This year, special emphasis is placed on the current global economy, inflation, stagflation and recession. Summers will provide his views on why the U.S. will likely be headed into a recession within the next two years, then he’ll discuss how globalization, trade and technology will play a pivotal role in the future of the global economy. Summers will also be sharing his views on crypto and blockchain.

As the leading voice in the national debate on inflation, Summers repeatedly called out the potential for inflation in the U.S. in 2001, while the U.S. Federal Reserve and many economists viewed rising prices as transitory.

Commenting on his participation at AIM Summit, Summers stated, “Investors in alternative assets must navigate a challenging macroeconomic environment today and anticipate how it will impact their portfolios tomorrow. At the AIM Summit in Dubai, I will address some of the most pressing questions investors should be asking: Will the Fed’s newfound hawkishness lead to a painful recession, or will they engineer a soft landing? Will we return to the post-2009 era of secular stagnation, or a new paradigm? Will prognostications of China’s economy overtaking America’s prove similar to those of Russia and Japan, which look ridiculous today?”

Raha Moradi, CEO of AIM Summit, stated:

“We are honored as organizers of AIM Summit to be welcoming a well-renowned economist and top U.S. official such as Lawrence Summers. His views on the U.S. and global inflation, recession, and world policies will offer our audience valuable information that will benefit their policies and strategies moving forward. Investors and policy makers alike across the GCC and MENA region are invited to join us as we hear Summers’ predictive insights.”

The AIM Summit gathers and connects global industry leaders with investors in hedge funds, private equity firms, venture capital organizations, digital assets and fintech. This year, the summit will cover topics pertaining to portfolio construction, emerging markets, frontier markets, private credit, hedge funds, the future of digital assets, NFTs, the Metaverse, crypto mining, ESG, impact investing and Web 3.

Registration for the event is open now, while those interested in sponsorship and speaking opportunities can send an email.

About AIM Summit

AIM Summit began over seven years ago with a mission of connecting people, connecting ideas and connecting markets in alternative investments. AIM Summit is the leading alternative investment management summit covering hedge funds, private equity, venture capital, digital assets and private debt, gathering the best minds in the alternative investment industry with the largest allocators.

AIM Summit is a platform for discussions on investment developments, global market conditions and latest trends, and acts as a networking forum for future business opportunities. It is the only conference of its nature and magnitude, and is organized by the industry in an intimate setup to induce real discussions on best practices and know-how.

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After tremendous success with its prominent presence at last year’s Gitex Dubai, crypto incubator and advisor TDeFi is returning to the Middle East’s premier technology gathering, which promises to be even bigger and better than last year.

Gitex Global (Gulf Information Technology Exhibition) is one of the world’s most influential gatherings in the tech industry. Attended by more than 250,000 people from over 140 countries, the event brings together many of the sector’s brightest minds and greatest innovators to discuss the state of the space, showcase new products and identify emerging opportunities. 

More than 4,000 exhibitors will be taking part in Gitex Dubai 2022, including hundreds of the most active VCs from over 30 countries. More than 1,000 prominent speakers will deliver over 280 hours of exclusive content live on stage from the Dubai World Trade Center between Oct. 10 and 14, 2022. The packed Gitex agenda will span every corner of the industry, from cybersecurity, energy and education to healthcare, Web3 and digital cities. It’s the ultimate technology networking event, attended by some of the sector’s most revered luminaries.

Leaders from more than 1,200 private companies, government entities and startups — including many of the tech industry’s most successful organizations — descend on Dubai each year for the Gitex conference, representing more than 170 countries. GITEX dates back to 1981 and has since grown into one of the industry’s must-attend events, where exhibitors and presenters from all corners of the globe come together to share knowledge and show off their latest innovations. 

This year, TDeFi will again participate at Gitex with an exhibition of its portfolio showcasing its latest projects. TDeFi is an incubator and advisory firm for blockchain startups, affording them seamless access to many resources, such as high-quality mentorship, financial support, marketing, community building, exchange listings, liquidity provisioning and growth hacking partnerships.

One of the most memorable events from last year’s Gitex was BizThon 1.0, a unique blockchain hackathon where over 10,000 participants put their collective brainpower together to turn their blockchain-based business ideas to life with the help of TDeFi and its partners. After months of offline developing, 25 finalists were selected to pitch their ideas live on stage in front of an esteemed panel of judges. This year, TDeFi will host BizThon 2.0 with the help of partners including MythX, Metamazonia, Faith Tribe, Edverse, Vulcan Forged, Sinverse, Bridge Network, EQ8 and more than 30 of its portfolio companies. 

TDeFi is excited to once again be taking part in one of the region’s and planet’s most important gatherings of the technology industry.

About Gitex Dubai

Gitex Dubai is one of the world’s biggest and most influential technology conferences, attended by over 250,000 participants representing more than 140 countries. This year’s event will have more than 4,000 exhibitors, 800 startups and over 1,000 speakers, with the roster including some of the space’s most prominent names. It will be held in Dubai, UAE from Oct. 10 to 14, 2022.

About TDeFi

TDeFi incubation provides access to world-class mentors, industry connections, transactional token economics, network of experts in technology, marketing and community, exchanges, liquidity and growth hacking partnerships. It seeks projects not just looking to survive, but those looking to thrive for years to come and disrupt the status quo in their respective fields.

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At the end of this summer, from Sept. 15 to 16, the Aeternity Universe Two conference is set to take place at Burgscheidungen Crypto Castle in Germany.

The Aeternity Universe Two conference follows the hugely successful first edition, which took place in Prague on Sept. 20 and 21 in 2019. 

This September, attendees have the opportunity to become a part of Aeternity’s blockchain history! The Aeternity Universe Two conference, consisting of the conference itself on Sept. 15 and 16 as well as a grand finale of the hackathon on Sept. 17 and 18, stands to draw in hundreds of blockchain developers, researchers, entrepreneurs, designers and enthusiasts all set on a common goal: to exchange knowledge, experiences, and best practices in an effort to grow and perfect the world of blockchain technology.

The Aeternity Universe Two conference will have its doors open for everyone and will present a unique business opportunity for all interested parties to engage in networking and showcase events. Numerous blockchain experts and backers will be available for conversation in a friendly in-house atmosphere, the perfect environment for ideas to grow.

Moreover, a wide range of development workshops will take place during the conference, facilitating intense knowledge transfers and allowing blockchain experts to gain info on the latest trending areas. Of course, Aeternity’s blockchain development team will be readily available to provide further insights into protocol development and the state of Aeternity.

Additionally, Aeternity Universe Two will feature a fully immersive art experience — both via 3D art and VR — which is sure to draw the attention of various artists and designers from the blockchain sphere. Allowing diverse sets of artists to engage with NFT technology, as well as physical and digital crypto art, will be sure to provide inspiration for future pieces.

Finally, the location itself — Crypto Castle. Dating back to the first millennia, it is one of the oldest, best-preserved baroque secular buildings in the Thuringian and Saxon-Anhalt region. Well-preserved and renovated, the castle now includes a dedicated hacker’s lab that is utilizing Aeternity’s blockchain technology. 

Early registration for Aternity Universe Two is open, as is the registration for the Aeternity Universe Hackathon that began remotely on Aug. 1 via DevPost.

The event is fully powered by Aeternity. Founded in 2016 by Yanislav Malahov, the Aeternity blockchain project was born out of a desire for a more fair internet supported by scalable, open-source and cryptographic software, with a commitment to technical excellence.

The Aeternity blockchain itself launched as the public Aeternity mainnet in 2018. It is now a blossoming community of enthusiasts supported via the Aeternity crypto foundation.

Engineered to scale and last, Aeternity is an easily accessible blockchain platform for the global public. With numerous innovative functionalities and performance far ahead of earlier blockchains, Aeternity allows its users and community to seamlessly venture into the new era of society, economy and digital interactions. Its core components are written in the functional programming and fault-tolerant language Erlang, and its Sophia smart contracts are also functional.

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