MakerDAO Invests $500 Million in Treasuries, Bonds

MakerDAO, the governing body of the Maker Protocol, has initiated steps towards a plan of reallocating $500 million of its stablecoin Dai collateral reserves into short-term United States treasuries and corporate bonds, as reported by Cointelegraph. According to Cointelegraph, the decentralised autonomous organization (DAO) voted on October 6 to permit a pilot transaction worth one…

Huobi Global To Be Bought Over By About Capital

Crypto exchange Huobi Global announced that About Capital Management (HK) Co. Ltd, a Hong Kong based-asset management firm, became the exchange’s controlling shareholder following a successful buyout deal. While the transaction of an undisclosed amount crowns About Capital as Huobi’s new controlling shareholder, the exchange stated that core operation and business management teams would have…

Nasdaq To Launch Institutional Bitcoin, Crypto Custody Services

The exchange is set to enter the crowded market of institutional bitcoin custody as it aims to become a service provider in the cryptocurrency space. The Nasdaq is seeking to offer custody services to institutions dipping their toes into cryptocurrency. The exchange has been a service provider in the market for some time, but the…

10 Years After Leaving The Corporate Rat Race

10 years ago, this day i quit the corporate rat race forever. It was not a decision taken in a huff. It was a carefully planned out strategy and I started working towards it somewhere in 2004 itself. Effectively, it’s been a 18 years long walk. And the fun has just begun. A big thanks…

Avi Loeb’s Galileo Project Will Search for Evidence of Alien Visitation

What exactly is Harvard theoretical astrophysicist Avi Loeb doing co-founding a $1.755 million academic effort to look for UFOs? Yesterday, Loeb revealed the Galileo Project, which aims to develop an artificial-intelligence-powered network of telescopes that can search for evidence of technological alien civilizations on or near Earth. The project has received mixed criticism from outside…

Google Parent Alphabet Launches A New Company To Build Software For Industrial Robots Called Intrinsic

Google’s parent-company Alphabet has a birth to announce: a new company called Intrinsic which will focus on building software for industrial robots. The subsidiary will be one of Alphabet’s “other bets” — relatively speculative firms focusing on new technology like Waymo (self-driving cars), Wing (delivery drones), and Verily (healthcare and biotech). Details on what exactly…

Alphabet’s DeepMind Puts The Entire Human Proteome Online, As Folded By AlphaFold

DeepMind and several research partners have released a database containing the 3D structures of nearly every protein in the human body, as computationally determined by the breakthrough protein folding system demonstrated last year, AlphaFold. The freely available database represents an enormous advance and convenience for scientists across hundreds of disciplines and domains, and may very…

Deep Genomics Scores $180M To Deliver AI Programmed RNA Therapies

With COVID-19 vaccines making RNA-based medicines a household name, Deep Genomics is reaping some of the buzz—as well as $180 million in new funding for its efforts to develop “programmable” therapies. The artificial intelligence firm’s series C round more than quadruples its previous $40 million fundraising from early January 2020, and will help advance at…