SingularityNET and VeChain have joined forces to tackle the urgent issue of carbon emissions by leveraging the potential of AI and blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. technology. By combining VeChain’s enterprise data with SingularityNET’s advanced AI algorithms, the partnership aims to automate manual processes and provide real-time data to optimize carbon emission output and minimize pollution. This collaboration showcases the synergy between AI and blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically., offering game-changing capabilities to industries and enterprises in their pursuit of sustainability.

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Australian crypto exchange Independent Reserve has partnered with PayPal to offer an on-ramp for customers to fund their crypto accounts directly with fiat from their PayPal wallet. The partnership provides investors with more choice and mitigates the risks of increasing bank restrictions against crypto exchange payments. The collaboration marks the first example of a partnership between PayPal and a cryptocurrency exchange in the APAC region. Independent Reserve CEO Adrian Przelozny praised PayPal for taking a positive approach to the crypto industry, in contrast to the risk-averse stance of traditional banks.

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In the second quarter of 2023, Exodus, a multichain wallet, reported a revenue decline of 4% year-over-year, amounting to $12.4 million. Despite the decrease, the company managed to reduce costs by 6%. The majority of revenue was generated through the exchange aggregation business, while fiat onboarding revenue experienced a significant increase of 220% compared to the previous year. The top assets traded during the quarter were Bitcoin, Tether, and EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.. Monthly active users decreased by 6%. Exodus also made strategic moves, including an integration with Robinhood Connect and support for Arbitrum, Optimism, and Matic staking.

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Hong Kong-based crypto exchange HashKey will soon launch retail trading, allowing residents to trade Bitcoin (BTC) and EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.) starting August 28. However, investors will be limited to investing up to 30% of their net worth. The exchange will assess users’ investment background and beginners will have limited purchase options. Meanwhile, China is cracking down on private blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. firms, offering bounties for their arrest and seizing their assets. This crackdown has led to the termination of several protocols and prompted Chinese Web3 founders to emigrate and recover their funds held on these platforms. In contrast, China’s government-led blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. efforts are flourishing, with the issuance of the first digital yuan central bank digital currency (e-CNY CBDC) green bond to finance a solar panel facility expansion project. Additionally, the US FBI has identified 1,580 BTC ($41 million) stolen by North Korean hackers and warned against transactions with the associated addresses. Lastly, a Chinese Bitcoin mining magnate has been sentenced to life in prison for corruption and abuse of power.

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Exodus, the multichain wallet, has released its financial results for the second quarter of 2023, revealing a 4% decrease in revenue compared to the previous year. The company generated $12.4 million in revenue, with net income reaching $1.9 million. The majority of the revenue came from the exchange aggregation business, totaling $11.6 million. Fiat onboarding revenue experienced a significant growth of 220% from 2022, amounting to $561,000. However, the volume of exchange provider transactions in Q2 dropped by 12% compared to Q2 2022. Bitcoin, Tether, and EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. were the top assets traded during the quarter. Despite the decline in revenue, Exodus managed to reduce costs by 6% through measures like a reduction in headcount and cloud infrastructure expenditures. The company also decreased its administrative and marketing allocations by 65% in the quarter. Exodus currently holds $55 million in cash, cash equivalents, and U.S. Treasury Bills, as well as $46.2 million worth of Bitcoin in its corporate treasury.

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