At the intersection of tech and cryptocurrency news, the Google (NASDAQ:GOOGL) for Startups Cloud Program has expanded to include 11 blockchain firms. Together, the entities will provide grants, expertise and services to emerging Web3 entrepreneurs. Meanwhile, the United Kingdom government has allocated $125 million in funding for a task force aimed at accelerating the country’s artificial intelligence (AI) readiness. The task force will focus on ensuring sovereign capabilities, such as public services, and fostering the adoption of safe and reliable AI foundation models.
In other headlines, troubled cryptocurrency exchange FTX is set to sell its LedgerX futures and options exchange and clearinghouse for around $50 million to private equity investment office M7 Holdings, subject to court approval. Meanwhile, Binance.US has backed out of its agreement to purchase Voyager Digital’s assets, worth $1 billion, citing a “hostile and uncertain regulatory climate in the United States.”