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Crypto miner Core Scientific plans to go public in $4Bn SPAC deal

Crypto miner Core Scientific plans to go public in $4Bn SPAC deal

Core Scientific, one of the largest cryptocurrency miners in the U.S., has reportedly announced plans to get listed on the Nasdaq exchange in a deal that values the 4-year-old company at $4.3 billion. The latest indicates that the country's growing importance as a bitcoin mining hub will only grow as China, the long-time market leader, continues to crack down on the crypto space.

As per the deal, which is still pending approval by the shareholder, Core Scientific will merge with SPAC (special power acquisition company) Power & Digital Infrastructure and get around $345 million to invest in more equipment and infrastructure.

The

Figure Technologies partners with Apollo to list funds on blockchain

Figure Technologies partners with Apollo to list funds on blockchain

Apollo Global Management, an alternative asset manager firm, has reportedly declared its partnership deal with American fintech company, Figure Technologies on blockchain initiatives. The deal will see listing of funds on blockchain as well as asset securitization and digital platforms.

Speaking on the move, John Zito, Senior Partner & Deputy CIO of Credit, Apollo, said that the collaboration extends their firm’s strategy on working with leading fintech firms to seek the cost and operational benefits of blockchain and other technologies.

Reportedly, Figure established the provenance blockchain which is used for multiple financ

Fujitsu announces strategic investment in Digital Commodity Exchange

Fujitsu announces strategic investment in Digital Commodity Exchange

The company plans to focus on grains and other agricultural products, as well as raw materials for manufactured goods

Fujitsu, a Japan-based information and communications technology company, has reportedly announced an investment in DCX (Digital Commodity Exchange). Reportedly, Fujitsu began working with RiceX (a subsidiary of DCX ) in 2019 to employ blockchain for traceability of rice. Since then, the collaboration has grown, coupled with DCX launching its fertilizer exchange FertX, with more commodities in the pipeline.

According to Fujitsu's Head of DX Platform Business Unit, Ichiro Aoyagi, the capability of DCX

Arcana Network secures $375K, aims to support developer community

Arcana Network secures $375K, aims to support developer community

Arcana Network, a Bengaluru-based blockchain startup, has reportedly secured a seed fund worth $375,000 from Balaji Srinivasan, former CTO of Coinbase, Sandeep Nailwal and JD Kanani, Founders of Polygon, and Kendrick Nguyen, Founder and CEO of Republic, among other top leaders in the crypto ecosystem.

The round also included strategic investors and some of the top innovators in the blockchain industry, like AU21, Kenetic Capital, Siddharth Menon- Co-Founder of WazirX, Aniket Jindal - Co-founder of Biconomy, Santiago Santos - General Partner at ParaFi Capital, and Tamar Menteshashvili from Solana.

Arcana Network, which was established by

Solve.Care joins forces with GBA to promote blockchain technology

Solve.Care joins forces with GBA to promote blockchain technology

Solve.Care, a blockchain-based healthcare platform company, has reportedly become an authorized member of the GBA (Government Blockchain Association), a non–profit organization that intends to promote blockchain technology by empowering organizations and individuals to connect, collaborate, and communicate to solve the challenges faced by the public sector globally.

In conjunction with GBA's long term goal to connect organizations and people with technology-based solutions, Solve.Care offers a patient-centric healthcare model, leveraging blockchain technology to minimize inefficiencies in the healthcare business and enhance access to quality care for everyone.

MVL partners with TZ APAC to build sustainable mobility ecosystem

MVL partners with TZ APAC to build sustainable mobility ecosystem

MVL Foundation Pte. Ltd. – an incentive-led blockchain mobility ecosystem has reportedly joined forces with TZ APAC- a prominent South Asian public blockchain adoption company for the Tezos ecosystem in a bid to develop its data business with hybrid blockchain solution with the help of the Tezos public blockchain and the hybrid blockchain mechanism.  

For the record, MVL Foundation operates TADA, which is the world’s first blockchain-powered ride-sharing service that has crossed 1 million users across South East Asia since it was introduced in the year 2018.

The main goal of MVL Foundation is to help rebuild the mobilit

Crypto firm Circle planning to go public through a SPAC deal

Crypto firm Circle planning to go public through a SPAC deal

Circle, a leading cryptocurrency firm, has reportedly announced that it soon plans to go public through a SPAC deal. The firm would supposedly be merging with a SPAC known as Concord Acquisition Corp.

Circle is most recognized for being one of the founding members of the Centre consortium, which also includes Coinbase. In collaboration with its crypto partners, the firm has released USD Coin, a popular stablecoin.

Circle estimates that the SPAC deal should value the firm at approximately $4.5 billion. More than $415 million in PIPE financing has been committed by the investors that are involved in the merger.

Coadjute unveils blockchain-based DLT platform for UK house sales

Coadjute unveils blockchain-based DLT platform for UK house sales

Coadjute, a blockchain property tech startup, has reportedly announced the launch of Coadjute Network, a DLT (distributed ledger technology) network that enables businesses operating in real estate to share data about a property sale.

The housing market in UK is composed of numerous parties ranging from legal firms, estate agents, and lenders to mortgage brokers. During the typical four-month process, several phone calls and emails are being made between all parties regarding a house sale and closing a deal which could become a tedious procedure for everyone, especially the home seller.

Alike most blockchain applications, Coadjute inten

TrueUSD partners Signature Bank to offer minting & redemption services

TrueUSD partners Signature Bank to offer minting & redemption services

The partnership will offer TUSD users with smoother stablecoin minting/redemption services even during market fluctuations

TrueUSD (TUSD), a USD-pegged cryptocurrency, has recently announced a partnership with Signature Bank to become a part of the SigNet payment network, which provides 24/7 real-time minting and redemption services.

This integration will offer TUSD users with multiple benefits and more convenient on- and off-ramps. For instance, TUSD holders can expect smoother stablecoin minting/redemption services during market fluctuations as Signature provides training to dedicated account managers to give on- and