Crypto company Tether invests $200 million in brain-chip maker Blackrock Neurotech

FILE PHOTO: Smartphone with Tether logo is placed on displayed U.S. dollars in this illustration taken, May 12, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

The deal, which closed on Friday after several months of due diligence, values Blackrock Neurotech at around $350 million, making Tether its largest shareholder, Tether CEO Paolo Ardoino told Reuters. In recent years, various device companies, including Elon Musk's Neuralink, have begun testing brain implants in humans.

Tether has made approximately $1.7 billion in venture capital investments to date, using funding from its profits, while leaving the reserves untouched, Ardoino said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto.com Targets High-Net-Worth Individuals to Boost BusinessSingapore-based cryptocurrency exchange Crypto.com is focusing on attracting high-net-worth and ultra-high-net-worth individuals to drive its business. The exchange is partnering with tax agencies to provide guidance on inheritance and taxes, as these clients are concerned about these issues. Crypto.com Prime, a programme targeting this segment, was launched in mid-February.
Source: The Straits Times - 🏆 8. / 63 Read more »

Bitcoin Halving: What It Is and Its Potential Impact on the Crypto MarketThe halving of popular cryptocurrency Bitcoin is expected in April and has lifted the crypto market. This article explores what halving is and its potential impact on the digital asset space.
Source: The Straits Times - 🏆 8. / 63 Read more »