2024

Bitcoin

April

<h4><strong>Tether has reportedly invested $200 million in neural implant company, Blackrock Neurotech. </strong></h4>
<p>This investment comes as part of the company’s restructuring. And plans to expand to other frontiers.</p>
<h5><strong>Tether’s $200M Investment in Blackrock Neurotech Expands Horizons</strong></h5>
<p><span style="font-weight: 400;">The investment also makes Tether a major stakeholder in Neurotech. The investment was allegedly made through Tether’s venture capital division Tether Evo. Blackrock Neurotech is a huge player in human brain-computer-interface (BCI) technology.&nbsp;</span></p>
<p><span style="font-weight: 400;">The company helps build devices that respond to brain signals. These medical devices are geared towards assisting individuals with neurological disorders and paralysis. Blackrock’s devices have enabled patients to send messages, operate robotic arms, move around with wheelchairs, surf the internet, and drive cars using brain signals.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Today Tether takes the majority stake in <a href="https://twitter.com/BlackrockNeuro_?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BlackrockNeuro_</a> and unveils the ultimate pillar of its long term vision and strategy: Tether Evo<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9e0.png" alt="🧠" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9be.png" alt="🦾" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>First of all, this investment (same as energy, mining, …) is done outside of stablecoin reserves, with our own company profits (last… <a href="https://t.co/aeDWK97mq1" rel="noopener noreferrer nofollow">https://t.co/aeDWK97mq1</a></p>
 <p>— Paolo Ardoino <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f350.png" alt="🍐" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@paoloardoino) <a href="https://twitter.com/paoloardoino/status/1784938950525661578?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">One of Blackrock Neurotech’s patients, Nathan Copeland, historically used one of their devices to share a fist bump with former US President, Barack Obama. So, Tether’s $200 million investment will help spread some of BlackRock’s tested devices and expand its market. The funds will also help improve BlackRock’s medical research and keep them at the forefront of the industry.&nbsp;</span></p>
<h5><strong>Reaction to the Partnership</strong></h5>
<p><span style="font-weight: 400;">Tether CEO Paolo Ardoino, said in a statement: “Tether has long believed in nurturing emerging technologies that have transformative capabilities, and the Brain-Computer-Interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation, and cognitive enhancement.”</span></p>
<p><span style="font-weight: 400;">“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,” he added.&nbsp;</span></p>
<p><span style="font-weight: 400;">Similarly, Blackrock Neurotech co-founder <a href="https://www.linkedin.com/in/florian-solzbacher-aa971015" target="_blank" rel="noopener noreferrer nofollow">Florian Solzbacher</a> hailed Tether as a visionary partner. He said, “With its (Blackrock’s) 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.”</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Introducing tether evo <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9e0.png" alt="🧠" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9be.png" alt="🦾" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>From biotech to AI &amp; beyond, Tether's investment in Blackrock Neurotech is just the beginning of our journey into pioneering projects that redefine the boundaries of what's possible, empowering humans throughout the future inevitable evolution. <a href="https://t.co/LcCngQPPUZ" rel="noopener noreferrer nofollow">pic.twitter.com/LcCngQPPUZ</a></p>
 <p>— Tether (@Tether_to) <a href="https://twitter.com/Tether_to/status/1784931985451876510?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">The investment comes amidst Tether’s organizational expansion. The firm recently <a href="https://tether.io/news/tether-advances-beyond-stablecoins-introduces-new-framework-embracing-core-divisions-to-foster-resilient-future-ready-financial-systems/" target="_blank" rel="noopener noreferrer nofollow">launched</a> new divisions to cater to different industries and interests.&nbsp;</span></p>
<p>We recently published an article about some of the best partnerships in recent days. Check it out <a href="https://www.altcoinbuzz.io/cryptocurrency-news/top-crypto-partnerships-april-week-4/" target="_blank" rel="noopener noreferrer nofollow">here</a>.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/tether-invests-200m-in-neural-implant-firm-blackrock-neurotech/" rel="noopener noreferrer nofollow">Tether Invests $200M in Neural Implant Firm, Blackrock Neurotech</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Tether Invests $200M in Neural Implant Firm, Blackrock Neurotech

Altcoin Buzz

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