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Solana Labs launches Web3 incubator offering dev and fundraising support

Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26. 

Title simply “Solana Incubator,” the program will offer fundraising, development, networking, and marketing support for web and blockchain projects seeking to build on Solana’s platform.

The Solana Incubator will accept applications through Nov. 30. Those accepted will purportedly receive support from the Solana Labs team and its partners throughout the development, marketing, and launch phases of their projects.

According to Emon Motamedi, Product Manager at Solana Labs:

“Our priority with the Incubator program is to remove the biggest obstacles currently facing founders, including barriers around Web3 integrations and fundraising, so that these teams can spend their time on what they do best: solving the burning problems of their users. By providing founders with the resources they need to succeed, we hope to not only bring more sustainable businesses to the Solana ecosystem, but to also help grow the Web3 industry as a whole."

Prosecutors rest their case as Sam Bankman-Fried prepares to testify

Defense lawyers representing SBF called two witnesses, a Bahamas-based attorney and an expert from a litigation consulting firm, before the former FTX CEO’s testimony.

Bitcoin traders earmark key BTC price levels as $34K struggles to hold

BTC price is seeking retests of lower levels after Bitcoin bulls fail to push beyond recent 17-month highs.

UK passes bill to enable authorities to seize Bitcoin used for crime

Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023.

UK passes bill to enable authorities to seize Bitcoin used for crime

Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023.

Bitmain to start shipping new Bitcoin Antminer T21 in January 2024

Bitcoin miner supplier Bitmain has released its brand-new Antminer T21, featuring a computing power of 190 TH/s and an energy efficiency ratio of 19 J/TH.

How Google’s AI legal protections can change art and copyright protections

Amid myriad legal accusations surrounding its AI services, Google stands its ground, vowing to protect its users.

Gary Gensler teases details of SEC's $5 billion take from enforcement actions, shades crypto

Gensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $930 million to harmed investors.

Gary Gensler teases details of SEC's $5 billion take from enforcement actions, shades crypto

Gensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $930 million to harmed investors.

Gary Gensler teases details of SEC's $5 billion take from enforcement actions, shades crypto

Gensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $930 million to harmed investors.

Hashing It Out: A case for Web3 social media, and is Friend.tech a security?

CyberConnect co-founder Ryan Li believes that creators who want their content to live forever will ditch Web2 social media platforms for Web3 alternatives.

Hashing It Out: A case for Web3 social media, and is Friend.tech a security?

CyberConnect co-founder Ryan Li believes that creators who want their content to live forever will ditch Web2 social media platforms for Web3 alternatives.

Sam Bankman-Fried’s testimony to challenge government claims, lawyer tells judge

The testimony will challenge the government‘s claims, especially the counsel’s role in auto-deletion, North Dimension creation, Payment Agent Agreement, Alameda loans, and FTX Terms of Service.

Meta faces legal scrutiny as AI advancements raise concerns over child safety

This development comes amid rapid artificial intelligence (AI) advancements involving both text and generative AI.

Bitcoin price model expects $45K 'phase' to hit in November

Bitcoin remains on track to deliver "possible" further gains of up to 30% versus current BTC price levels, says CryptoCon.

Pro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors

John Deaton says there has not been "a single serious conversation" about a potential settlement between Ripple, Brad Garlinghouse, Chris Larsen and the SEC.

Mastercard partners with crypto payment firm MoonPay for Web3 services

MoonPay has announced a partnership with Mastercard, targeting Web3-based experiential marketing, or new ways to connect with Mastercard's consumers.

Bitcoin dominance hits 54% — highest in 2.5 years as BTC halving approaches

BTC market dominance hovered around 80% during the 2017 bull market, but slumped to the 50-60% range during the 2021 bull market, at times even dipping below 50%.

Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches

BTC market dominance hovered around 80% during the 2017 bull market but slumped to the 50%–60% range during the 2021 bull market, at times even dipping below 50%.

‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges

More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession.

The so-called “magnificent seven” refers to the top seven blue-chip tech firms including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla — who combine to make up a quarter of the value of the S&P 500 index.

Google parent company Alphabet saw its share price fall over 9%, wiping $180 billion from its market cap and was noted as Google’s worst-performing day since the COVID-19 pandemic hit in March 2020.

Google’s (Alphabet Inc Class A) share price over the last five days. Source: Google Finance

The share prices of Amazon, Nvidia, and Meta fell 5.5%, 4.3%, and 4.2% respectively, according to Y Charts.

Apple and Tesla’s fall in share prices were less severe at 1.35% and 1.9%, while Microsoft was the only one of the seven to buck the trend, with its share price rising 3.1% after reporting better-than-expected growth in its Azure business.

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