Analysis News TheBitTimes.com

WOO plans innovation hub expansion to bolster Bitcoin’s ecosystem The new initiative will focus on projects bringing Bitcoin Layer-2s, RWA, DeFi, AI and DePIN to the Bitcoin ecosystem. WOO has announced plans aimed at using its innovation hub and the WOO token to power the next growth chapter for the Bitcoin (BTC) ecosystem. WOO, which Features a top CEX platform WOO X and top DEX platform WOOFi, revealed its latest initiative at Token2049 week in Dubai. What are WOO’s plans to bolster BTC ecosystem? According to a recently published announcement, WOO’s Europe-based innovation center will be expanded to tap into the native WOO token’s potential in driving the new era of decentralized projects on Bitcoin. We're excited to expand our innovation hub to vastly increase the number of WOO-aligned products in the coming months. Expect greater alignment with high-potential projects under verticals such as RWA, AI, DePIN, and the emergi...

The convergence of AI and DeFi can be a game changer, with trading and portfolio management being the major use cases. The crypto industry has faced significant challenges over the past few years, dealing with issues such as failed exchanges, regulation, collapsing projects and depegged stablecoins. These hurdles have contributed to an atmosphere of uncertainty and skepticism within the industry. However, the obstacles experienced within the space have now paved the way for new entrants, and with them, innovative solutions that continue to drive the evolution of decentralized finance (DeFi). At the forefront of these efforts is a growing desire to integrate artificial intelligence (AI) into financial ecosystems, which represents the next step for crypto. This central focus on AI aims to strengthen resilience, mitigate risk, and build a sustainable and trusted foundation for the future of the industry. One of DeFi’s use cases for AI relates to trading and portfolio management. AI tool...

Source: Unsplash Amid the ongoing cryptocurrency market downturn, troubled Asian crypto trading firm Amber Group has managed to collect some $300 million under its series C round, led by the US arm of blockchain- focus ed venture capital firm Fenbushi Capital US and joined by a number of crypto-native investors and family offices.  "This new round of fundraising demonstrates investor confidence in Amber’s business and the commitment to shape our future together. As part of that future, it's important for us to adapt and protect our clients in this challenging market environment,” tweeted the company which has decided to lay off a share of its staff amid re focusing efforts.  The Hong Kong-based Amber Group calls itself a "one-stop crypto finance service provider that provides liquidity provision, trading and asset management services 24/7." Amber Group said that, prior to the collapse of major crypto exchange FTX, the business was in the proces...