According to Theinformation, Oracle's cloud infrastructure business is growing rapidly but has lower profit margins than its core database software business. The expansion of the cloud infrastructure business could eat into the company's profitability and require huge capital expenditures.
A new round of "productive" talks between the UAE and Saudi Arabia focused on energy and infrastructure security. Meanwhile, representatives from Russia and the United States will hold talks on Monday. The United States hopes to reach a ceasefire agreement between Russia and Ukraine by April 20. Click to view...
DePIN gaming infrastructure platform Beamable completed a $13.50 million Series A financing round led by Bitkraft Ventures. It is reported that Beamable Network is designed to change the way game backend infrastructure is built and operated.
Yzi Labs announced a $16 million investment in Sign, an on-chain infrastructure for token distribution and voucher verification. It is reported that Sign is aggregating verified credentials on the chain to build a larger network, thus creating a more transparent and secure token distribution infrastructure.
On December 29th, Copper, an institutional digital asset infrastructure provider, expanded its business to Liechtenstein and launched custody services. The move follows registration with the Token and TT Service Providers Act (TVTG) issued by the Liechtenstein financial marekt Authority (FMA).
On November 26th, the Move Language Infrastructure Movement Network Foundation announced the token economics of its token MOVE. The total supply of MOVE tokens is 10 billion, the initial circulation is about 22%, and 60% of the total will be allocated to the community, including the ecosystem and community, the foundation, and the initial claim. The specific allocation is as follows: Ecosystems and communities: 40% · Initial claim: 10% Foundation: 10% Early contributors: 17.5% Early stage inves...
Web3 game infrastructure Alliance Games completed a $5 million Series A financing round led by Animoca Brands and Asymm Ventures, with participation from The Spartan Group, Dialectic, Kyros Ventures, Coin98 Ventures and investors Loi Luu and Sebastien. Together with its previous seed round financing, Alliance Games' total financing reached $8 million.
According to ABC News, Israel has not launched strikes against Iran's nuclear facilities or oil fields, but has instead focused on military targets.
Decentralized infrastructure PinGo Lab announced the completion of a seed round of financing, with CGV FOF, K24 Fund, Catcher VC, and Landscape Capital participating. The specific amount has not been disclosed yet. The new funds are intended to accelerate the development of its DePIN network in the TON ecosystem. It is reported that PinGo will also enter the field of artificial intelligence-generated content (AIGC) and expand to NFT.
On October 5th, Yemen's Houthi-controlled Masirah TV reported on the 4th that US and British warplanes launched four attacks on Yemen's capital Sanaa on the same day, targeting military maintenance facilities in the city center.