We are thrilled to announce that Space and Time Labs has secured a $20M Series A, bringing our total funding to $50 million. ๐โณ
SxT is empowering the community to own their future in an AI-powered world by providing the tools they need to build sophisticated, data-driven
Huge thanks for the warm welcome,
@SpaceandTimeDB
community! Just 4 days in and Iโm blown away by how sharp, professional and just plain cool everyone is on this team, and the tech we are building๐๐๐
Hands down, the best legal conference in the crypto space. Unmatched quality of speakers, attendees and content, and an excellent platform for honest and thoughtful discourse.
Huge thanks to
@xethalis
@thejoycelai
and
@DonnaRedel
for bringing us together and creating a truly
The first sub-second ZK coprocessor just got even faster ๐คฏ
Weโre excited to share the latest Proof of SQL benchmarks, which show a ~40% increase in performance since the repo was made available on GitHub in June.
You can now prove analytic queries againstโฆ
๐ฃย 100k rows of
.
@SpaceandTimeDB
a blockchain-native data warehouse that incorporates artificial intelligence (AI) tools to build applications using its data, has raised $20 million in Series A funding. By
@JamieCrawleyCD
Musing on the legal side of blockchain, AI, and working with an incredible team
@SpaceandTimeDB
. A dream combo for any lawyer - shaping the future of tech with the best in the game ๐
Thanks
@hackernoon
for the chat
#VerifyEverything
Welcome, Space and Tokens!
Thrilled to have this team of gigabrains join the SxT mission of empowering the community to build apps onchain, tokenize their economies and own the future!
Fantastic write-up in
@FortuneMagazine
by
@leomschwartz
. Weโre focused on the futureโpowering next-gen AI apps with verified on-chain data using our zk-coprocessor. So many possibilities with this tech!
Another startup building at the buzzy intersection of AI and blockchain โ except this one has the backing of Microsoft and $20 million in fresh funding.
My write-up:
Ohhhh oooopsie, we didnโt mean to say that these assets are securities ๐ฌ we just randomly pick assets we allege to be securities when we sue people for trading them but they are really not and we never said they were [yes, they did] ๐คฆ๐ปโโ๏ธ
"The SEC regrets any confusion it may have invited" by falsely and repeatedly stating that tokens themselves are securities. This is the remarkable representation in Footnote 6 of
@SECGov
's Amended Complaint against Binance. I hope
@s_alderoty
is getting some good sleep tonight.
Grateful to be part of a team at
@SpaceandTimeDB
that strives to create a happy and successful work environment ๐๐ผ No better group of people to ride the waves of startup life together!
(Couple shots form our offsite - 6am full moon surf and whale watching)
I've always strived to be in the right "rooms." I strive to work with the brightest in the industry and challenge myself to learn more, stay curious, and work with people that have a strong bias for action / progress.
I'm grateful to work alongside this incredible team of data
We have some exciting news: weโre joining forces with Robinhood Crypto! Together, we will deliver an even better experience for all of our customers. Between the two of us, youโre in good hands ๐ค
Learn more:
What the Fed/FDIC did just now, for dummies:
1)Every depositor (including the unsecured) gets paid in full, using bank taxes (no taxpayer $). This is cool bc unsecured depositors would prob only get 95% back otherwise, but mostly a bunch of libertarians freaked out over nothing.
Fascinated by this Compound proposal 289 blackmail couple weeks ago for many reasons. But mostly, the protocol will now distribute revenue to COMP holders. How much does it matter that this was decided by the DAO? Legal minds want to know ๐ซ
Went for lunch, came back - SVB is failing, NYAG claims ETH is a security and Gensler again conflates 2 different concepts: tokenized securities that fit into the current SEC framework and digital assets that donโt (even if they were part of an investment contract at some point)
We are very excited and grateful that the SEC of Thailand graciously provided us with the conference space to host our presentation and workshop on the structuring and launch of security tokens offerings in the US. Follow link to register.
I always remember
@nntaleb
'monkeys on typewritersโ when I think about track records. Even the smartest investors fall for the illusion that past performance predicts future success.
Even โsmartโ investors in hedge funds fall for the same hot hand fallacy as regular investors: โ[their] ability to select funds shows little sign of sophistication; they weigh information suboptimally, & their ultimate investment & divestment performance is disappointingโ
These regulatory regimes come with capital requirements, custody requirements, audit requirements, disclosure requirements, conflict of interest clearances, extensive management background and financial checks, market surveillance, monitoring and internal control requirementsโฆ
1. In the US, a crypto spot exchange is regulated as a money transmitter in all but a handful of states, and as a virtual currency business in the state of New York under BitLicense.
If an exchange is offering derivatives, margin trading or investment lending products in the US, there is a slew of regulatory regimes to comply with on top of everything listed above.
@ColeKennelly
Why do you think so? Might be true - as long as the project can solve the usability problem and make sure that security laws will not attach every time the token is transferred within the network, and the utility exchanges start doing proper KYC/AML checks.
Equating clear mismanagement, misappropriation of customers assets and fraud with good practices that are already followed by many good actors in this space is deflective. And probably offensive to highly regulated compliant casinos as well.
2. In the US, CFTC has jurisdiction to bring enforcement actions against a spot exchange for fraud and/or manipulation in the market, even if no derivatives are offered through that exchange.