DePin
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Swedish EV Battery Maker Northvolt Declares Bankruptcy
The company announced this decision on Wednesday and explained that they have tried all possible means to survive financially but were unable to find necessary funding they needed to continue. The company struggle shows the broad challenge battery manufacturers all face today. As high cost, supply chain disruption and changing demand put pressure on the…
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GoodcryptoX Introduces Advanced Non-Custodial DEX Trading Bot
GoodcryptoX has introduced a leading trading bot that trades algorithmically for users on automated market maker (AMM) platforms and features automation of trading strategies. This new addition makes use of Ethereum’s new standard ERC 4337 to provide increased flexibility while preserving the main principles of DeFi. Until recently, decentralised exchanges have served as basic token…
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CoreWeave Files for IPO After Explosive Growth, Eyes $35 Billion Valuation
CoreWeave, a provider of AI cloud computing infrastructure, formerly a crypto mining company, has recently filed for an IPO with the US SEC. The company is currently valued at $35 billion led to this valuation by Morgan Stanley, Goldman Sachs, and JPMorgan as the lead underwriters. This is the most significant change CoreWeave has made…
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Fluence Launches DePIN Pledge to Strengthen Web3 Decentralization
Fluence, a leading cloudless computing platform, launched the DePIN Pledge on February 26, an initiative designed to encourage cryptocurrency-based businesses and projects to commit publicly to the use of decentralized infrastructure. The pledge comes in response to growing concerns that many Web3-based projects are departing from their decentralized principles, as the rise of cloud hyperscalers…