Fun

Stablecoin firm Tether invests $200M in neurotech company

News Feed - 2024-04-29 10:04:00

Helen Partz11 hours agoStablecoin firm Tether invests $200M in neurotech companyTether’s brand new division, Tether Evo, has completed a $200 million strategic investment in the neural implant firm.961 Total views3 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksTether — the operator of the eponymous Tether (USDT) stablecoin, the world’s largest stablecoin by market value — has completed a major investment following restructuring of its business.


On April 29, Tether announced a strategic investment of $200 million into Blackrock Neurotech, becoming the majority stakeholder in the neural implant company. The investment was carried out through Tether Evo, a brand-new division at Tether focused on the intersection of human potential and technology.


Established in 2008, Blackrock Neurotech is a global pioneer of human brain-computer-interface (BCI) technology, known for its advanced brain-computer interfaces.


The firm is committed to helping millions of people around the world afflicted with paralysis, lost function and neurological disorders that prevent them from walking, seeing, hearing, feeling or talking.


Through Blackrock Neurotech’s brain interface technology, patients have operated robotic arms, maneuvered wheelchairs, sent messages, surfed the internet, and even driven a car using the power of their thoughts.


In 2016, Blackrock Neurotech’s patient Nathan Copeland made headlines when he used his Blackrock BCI to control a robotic arm and fist bump U.S. President Barack Obama.U.S. President Obama, in 2016, meeting Copeland at the 2016 White House Frontiers Conference at the University of Pittsburgh. Source: Tech Briefs


Tether’s $200 million investment aims to fund the commercialization and rollout of medical solutions that have already been successfully applied to more than 40 individuals. The investment will also be used to improve Blackrock Neurotech’s research and development and maintain its position as a major BCI player in the future, with a long-term focus on human evolution.


According to Tether CEO Paolo Ardoino, Blackrock Neurotech is just the beginning of the company’s journey through Tether Evo to support projects that “redefine the boundaries of what’s possible at the intersection of technological innovation and human potential.” He added:


“Blackrock Neurotech represents a leap towards a future where technology not only complements but enhances our human experience, and we at Tether are proud to begin this journey with them.”


Blackrock Neurotech co-founder Florian Solzbacher noted that Blackrock Neurotech’s mission of helping restore functions in people is a long-term endeavor and requires dedicated and visionary partners.


Related: Here’s the 6 biggest crypto VC deals in Q1 2024 and late 2023


“With its commitment to seeking out and nurturing technology that will help many people and push mankind forward, we couldn"t dream of a better partner than Tether to bring our shared vision to life,” he added.


The news comes a few days after Tether on April 18 introduced four new business divisions focused on diverse areas of business, including Tether Data, Tether Finance, Tether Power and Tether Edu.


Magazine: 7 ICO alternatives for blockchain fundraising: Crypto airdrops, IDOs & more# Business# Investments# Adoption# TetherAdd reaction

News Feed

Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform
Mercadolibre to Allow Users to Invest in Cryptocurrencies From Its Platform Mercadolibre, one of the biggest online retailers in Latin America, has started rolling cryptocurrency t
Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only
Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only The prominent darknet marketplace, White House Market, has dropped bitcoin payments
Thai SEC Launches ‘Crypto Academy’ to Help Digital Asset Investors
Thai SEC Launches "Crypto Academy" to Help Digital Asset Investors The Thai Securities and Exchange Commission (SEC) has launched a crypto academy where investors can learn about d
Tom Mitchelhill2 hours agoBinance users in Hong Kong lose $450K in wave of fraud texts: HK policeHong Kong police have issued a warning concerning a recent Binance phishing scam targeting Hong Kong users of the platform.
Bitcoin, Ethereum Technical Analysis: BTC Nears $24,000 Following Weekend Rally
Bitcoin, Ethereum Technical Analysis: BTC Nears $24,000 Following Weekend Rally Bitcoin started the week trading near a five-month high, as prices consolidated the weekend’s
Dogecoin Sights Rebound As RSI Hits Oversold Levels Near $0.3563
Este artículo también está disponible en español. Dogecoin is approaching a critical juncture as it hovers near the $0.3563 mark, with the Relative Strength Index (RSI),
Guggenheim’s Scott Minerd Discusses ‘Greatest Investing Opportunity’ — Warns Stocks Vulnerable to Further Declines
Guggenheim"s Scott Minerd Discusses "Greatest Investing Opportunity" — Warns Stocks Vulnerable to Further Declines The chief investment officer of asset management firm Guggenhei
Custodia Bank takes case to higher court after March setback
Ana Paula Pereira4 hours agoCustodia Bank takes case to higher court after March setbackCustodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.454 Total views1 Total shar
Prashant Jha13 hours agoVitalik Buterin wants Bitcoin to experiment with layer-2 solutions, just like EthereumButerin also lauded the recent rise of Ordinals and believes they have brought the builder culture back to the
Savannah Fortis13 hours agoAI chip developer gets $100 million from Samsung and HyundaiThe AI chip developing company Tenstorrent just closed a funding round worth $100 million, which was led by manufacturing giants Sams
Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs
Ukraine’s Kharkiv Art Museum Launches NFT Collection With Binance to Raise Funds, Secure Jobs The art museum in the Eastern Ukrainian city of Kharkiv has partnered with cryptocur
Former Goldman Sachs CEO: If I Were a Regulator, I’d Be Hyperventilating at the Success of Bitcoin
Former Goldman Sachs CEO: If I Were a Regulator, I"d Be Hyperventilating at the Success of Bitcoin Former Goldman Sachs CEO Lloyd Blankfein has offered his view