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On November 7th, the National Energy Administration issued guiding opinions on promoting the integrated development of coal and new energy. The opinions propose to promote the synergistic development of the coal industry chain extension and new energy development. It actively supports coal enterprises in coordinating the layout of coal, coal-fired power, and new energy industries, increasing investment and development in clean and efficient thermal power and new energy industries, improving the benefits of integrated and synergistic development, and gradually transforming into comprehensive energy production service providers. It also promotes the upgrading and transformation of mine-mouth coal-fired power plants to next-generation coal-fired power plants, encourages joint development and optimized combinations with new energy sources, and enhances the stability of the energy supply system.Intel (INTC.O) shares rose 2.4% in pre-market trading after Musk said it was worthwhile to discuss the matter with the company.Tesla (TSLA.O) shares rose 1.8% in pre-market trading after shareholders approved a $1 trillion compensation plan for Tesla CEO Elon Musk.Ukraines Energy Minister: Due to the Russian attacks, we lost 20% of our natural gas production in February and March of this year.On November 7th, NATO Secretary General Mark Rutte stated on November 6th that NATO has begun to turn things around in ammunition production. Rutte noted that until recently, Russias ammunition production exceeded the combined output of all NATO countries, but this situation no longer exists. NATO is opening dozens of new production lines and expanding existing ones, and current NATO ammunition production is at its highest level in decades. This year, NATO member states pledged to increase defense spending. In response, Russia has warned that NATO and Europe are on a path of unchecked militarization.

Iceberg Capital Announces Everscale Partnership to Drive Web3 Growth

Skylar Shaw

Feb 03, 2023 15:10

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The crypto winter and increased lawmaker and regulatory scrutiny put the digital asset space and Web3 into the spotlight in 2022. Fraudulent activity and bankruptcies contributed to a pullback in the mainstream interest and investment in Web3. Iceberg Capital aims to change the dynamic.


Going into 2023, mainstream players and investment funds see an enticing opportunity to refocus attention and redirect funds to the Web 3 space.

Iceberg Capital Announces Everscale Partnership

In January, Abu Dhabi investment fund manager Iceberg Capital announced a strategic alliance with Everscale. Iceberg Capital manages Venom Ventures Fund, a Web3 and blockchain innovation fund. The partnership will empower Everscale, a premier blockchain, to solve scalability issues that have impeded growth across the Web3 space.


Venom Ventures Fund will invest $5 million in Everscale. Everscale will use the funds to expand development teams and ramp up project numbers. Over the last two years, Everscale focused on expanding its reach by integrating its technology solutions across the Asian region.


Venom Ventures Fund has a strategic position within the digital asset space. Venom Foundation partnered with Iceberg Capital Ltd to launch the Venom Ventures Fund, the first officially licensed and regulated Layer-1 blockchain running within the Abu Dhabi Global Market (ADGM).


Everscale uses a sharding technology that offers a practical option for creating large-scale Web3 and other applications. The technology allows Everscale to respond efficiently to varying workloads without limitation.


Importantly, workload magnitudes have no impact on transaction times and processing fees. This attribute makes Everscale a front-runner in supporting high-scale Web3 and other work-intensive projects.

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