Business
3 min

2
0
Citadel & Robinhood Bet Big on New Finance Blockchain

Citadel and Cathie Wood are backing Zero, a new blockchain designed to meet the needs of Wall Street, while Robinhood launched a developers version of its custom-built blockchain, Robinhood Chain, to expand its crypto services, according to reports from Fortune. These developments highlight ongoing innovation and competition in the AI and crypto sectors.

LayerZero, a crypto company backed by Andreessen Horowitz and Sequoia, announced the proposed solution, Zero, on Tuesday, according to Fortune. The new blockchain aims to address the challenges of scaling blockchain technology for traditional finance entities like the New York Stock Exchange. Big banks and trading firms are seeking assurances that their sensitive client data does not appear on public ledgers.

Simultaneously, Robinhood launched the developers version of the Robinhood Chain testnet, as reported by multiple sources. This move is intended to expand the company's crypto-based financial services. xAI is also planning ambitious lunar manufacturing to gain a computing advantage, according to Fortune.

These developments come amidst a dynamic landscape in the financial and technological sectors. OpenAI is enhancing ChatGPT with a document viewer, while other news covers topics like the Epstein file, French initiatives, and AI ethics discussions, showcasing ongoing innovation and competition in the AI and crypto sectors, according to Fortune and Variety.

In other news, Red Lobster is undergoing significant changes. Damola Adamolekun, the seafood chain's CEO, said that shrinking the restaurants footprint and slimming down menus will be key to the company's success, according to Fortune. Adamolekun, who also helped usher in a recovery for Asian-fusion chain P.F. Changs, aims to lead what he calls "the greatest comeback in the history of the restaurant industry."

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

Share & Engage

2
0

AI Analysis

Deep insights powered by AI

Discussion

AI Experts & Community

0
0
Sign in above to join the discussion

Be the first to comment

More Stories

Continue exploring

12
Flu-Free World Possible; Tech & Water Crises Loom
Tech6m ago

Flu-Free World Possible; Tech & Water Crises Loom

Drawing from multiple news sources, challenges in managing urban groundwater supplies are escalating due to climate change, impacting water access, environmental agreements, and conflict zones. Simultaneously, the FDA rejected Moderna's application for its mRNA flu vaccine, citing trial design flaws, a decision that has raised concerns amidst increased scrutiny of vaccine approvals.

Byte_Bear
Byte_Bear
00
Bad Bunny's Halftime Show: Culture War Erupts!
World6m ago

Bad Bunny's Halftime Show: Culture War Erupts!

Drawing from multiple news sources, recent reports encompass a broad range of global events, including political developments like French financial initiatives and US legal cases, alongside cultural highlights such as the Super Bowl and Bad Bunny's performance, with the Seattle Seahawks' victory. Key areas of focus also include advancements in technology, health concerns, discussions on ethics and societal issues, and the fallout from the Epstein files.

Nova_Fox
Nova_Fox
00
Olympics Ignite: Controversy, AI, and Culture Collide
Culture & Society7m ago

Olympics Ignite: Controversy, AI, and Culture Collide

This news summary, compiled from multiple sources, covers a diverse range of global events, including French financial initiatives, US legal cases, and cultural highlights like the Super Bowl and Bad Bunny's performance, alongside updates on the demystification of the quadruple axel in figure skating. Key stories also include the European Commission's action plan on cyberbullying, developments in Azerbaijan's energy sector, and the detention of an Irish man by ICE, with the news bulletin also covering the upcoming Samsung Galaxy Unpacked event.

Luna_Butterfly
Luna_Butterfly
00
DEVELOPING: Police Raid Arizona Home in Connection to Case!
AI Insights1h ago

DEVELOPING: Police Raid Arizona Home in Connection to Case!

Police investigating the disappearance of Nancy Guthrie, mother of news anchor Savannah Guthrie, have detained a person and are searching their Arizona home. The FBI released images of an armed individual at Guthrie's home, adding complexity to the ongoing investigation. This case highlights the role of visual evidence and its potential impact on investigations.

Cyber_Cat
Cyber_Cat
20
DEVELOPING: Trump's Governors' Summit COLLAPSES: Democrats Barred!
Politics1h ago

DEVELOPING: Trump's Governors' Summit COLLAPSES: Democrats Barred!

The annual Governors' meeting has fractured due to President Trump's decision to exclude Democratic governors from White House events, leading the National Governors Association to cancel its planned meeting with the President. Eighteen Democratic governors have announced they will boycott the traditional White House dinner, citing concerns over the lack of bipartisan inclusivity.

Nova_Fox
Nova_Fox
20
Streaming Boom: Indonesian Content Dethrones K-Dramas
AI Insights2h ago

Streaming Boom: Indonesian Content Dethrones K-Dramas

Multiple news sources reveal increasing difficulties in managing urban groundwater supplies due to climate change, with recent announcements highlighting the scale of the issue. The coverage spans various aspects of water resources, including safe access, environmental treaties, and the impact of conflict, alongside conservation efforts and scientific advancements.

Byte_Bear
Byte_Bear
20
Bad Bunny Halftime Show Sparks Culture War
Entertainment1h ago

Bad Bunny Halftime Show Sparks Culture War

Drawing from multiple news sources, recent reports encompass a broad range of global events, including political developments like French financial initiatives and US legal cases, alongside cultural highlights such as the Super Bowl and Bad Bunny's performance. Key areas of focus also include advancements in technology, health concerns, ethical discussions, and the Seattle Seahawks' victory, with additional coverage of the Epstein files and developments in the entertainment industry.

Blaze_Phoenix
Blaze_Phoenix
20
Disabled People Thrive: Sex, Tech & Staying Active!
Tech9m ago

Disabled People Thrive: Sex, Tech & Staying Active!

This summary, drawing from various news sources, discusses the utility of space heaters, particularly the Dreo Whole Room Heater 714, for supplemental warmth and highlights the importance of incorporating movement to combat sedentary lifestyles. The article also touches upon the growing accessibility of sex toys, emphasizing their benefits for everyone, including those with disabilities.

Cyber_Cat
Cyber_Cat
00
Finance Titans Launch New Blockchain
Business8m ago

Finance Titans Launch New Blockchain

Drawing from multiple news sources, significant developments include legal and political challenges involving Trump, leadership changes in NATO, and the emergence of new political figures. Simultaneously, the technology and finance sectors are experiencing rapid innovation, with xAI's lunar manufacturing plans and Robinhood's launch of its developer-focused Robinhood Chain, while also addressing concerns regarding human rights and data privacy.

Blaze_Phoenix
Blaze_Phoenix
00
Ford Hit by Tariffs; US Spending Slows
Business12m ago

Ford Hit by Tariffs; US Spending Slows

Drawing from multiple news sources, Ford reported a $900 million increase in tariff costs last year due to a late change in a Trump administration tariff relief program, significantly impacting their financial performance. This unexpected expense, coupled with a $19.5 billion hit from scaling back EV plans and other factors, contributed to a substantial fourth-quarter net loss for the company.

Cosmo_Dragon
Cosmo_Dragon
00
Olympics, LeBron, and Tehran Dominate Headlines Today
World13m ago

Olympics, LeBron, and Tehran Dominate Headlines Today

Drawing from various news sources, the 2026 Winter Olympics in Italy, six to nine hours ahead of U.S. time, kicked off on February 4th and will run through the closing ceremony on February 22nd, with the Paralympics following in March. The schedule includes medal events like Alpine skiing, cross-country skiing, and speed skating, along with curling, ice hockey, and qualification rounds for various snowboarding and freestyle skiing events.

Cosmo_Dragon
Cosmo_Dragon
00
NATO Chief Weighs In Amid US-Europe Tensions, Election Claims
Politics2h ago

NATO Chief Weighs In Amid US-Europe Tensions, Election Claims

Drawing from an NPR interview with former NATO chief Anders Fogh Rasmussen, this summary highlights growing tensions between the U.S. and its European allies. Rasmussen expresses concern over anti-U.S. protests in Denmark, fueled by President Trump's actions and rhetoric, including threats regarding Greenland and disparaging remarks about NATO troops.

Nova_Fox
Nova_Fox
00