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SingularityDAO community approves merger with SelfKey and Cogito Finance

  • SingularityDAO merges with SelfKey and Cogito to form Singularity Finance.
  • 94.7% of SDAO holders approved the merger, awaiting KEY holders’ final vote.
  • Singularity Finance to focus on AI, RWA tokenization, and on-chain identity.

In a landmark decision, SingularityDAO, the DeFi arm of the SingularityNET AI ecosystem responsible for decentralized portfolio management, has voted to merge with Cogito Finance and SelfKey to form a new entity, Singularity Finance. This EVM Layer 2 platform will focus on tokenizing the AI economy and accelerating the adoption of AI-powered financial solutions.

The merger was approved by an overwhelming 94.7% of SingularityDAO (SDAO) token holders, with over 15 million tokens cast in favour.

The community vote, conducted through the Snapshot governance platform, represents a critical step toward Singularity Finance’s creation, which will offer advanced decentralized finance (DeFi) and artificial intelligence (AI) solutions. Notably, the vote comes barely two weeks after the merger was proposed.

Mario Casiraghi, Co-Founder of SingularityDAO, expressed gratitude for the community’s support, saying, “We’re grateful to all SDAO holders for participating in this pivotal governance vote and having their say on the future of SingularityDAO. With their approval, we will now move ahead with the proposal to create Singularity Finance as an L2 that combines the best elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.”

Cloris Chen, CEO of Cogito Finance, highlighted the partnership’s potential, stating, “The overwhelming community support for the SFI merger is a powerful testament to the shared vision we have for the future of finance. By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi.”

SelfKey Community expected to vote on the merger

The merger now awaits a final vote from SelfKey’s community of KEY token holders to solidify SelfKey’s participation.

Once approved, Singularity Finance will serve as a comprehensive platform addressing critical areas in the AI and DeFi ecosystem, including real-world asset (RWA) tokenization and on-chain identity management.

This integrated approach will enhance SingularityDAO’s existing AI-powered portfolio management capabilities with SelfKey’s compliance features and Cogito Finance’s RWA tokenization solutions.

A leadership council will guide Singularity Finance, with prominent members including Dr. Ben Goertzel, CEO of SingularityNET, Cloris Chen, CEO of Cogito Finance, and Mario Casiraghi, CFO of SingularityNET. Together, they aim to pioneer innovative financial services, targeting developers and users in the emerging AI-based financial landscape.

The post SingularityDAO community approves merger with SelfKey and Cogito Finance appeared first on CoinJournal.

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There’s another Bitcoin creator in town, but this one is Stephen Mollah

  • Stephen Mollah said he was Satoshi Nakamoto in front of a dozen journalists in London
  • Bitcoin core developer Peter Todd was wrongly named as Nakamoto last month in an HBO documentary

Another man has come forward claiming to be the mysterious creator behind Bitcoin, Satoshi Nakamoto.

This time, he’s called Stephen Mollah. Taking to the stage at London’s Front Line Club in front of around a dozen journalists, Mollah made the claim with one journalist calling it an “odd set up.”

Live tweeting the event on X, Joe Tidy, a BBC journalist, said: “An odd set up to the press conference as the organiser asked me to pay £500 to attend and appear on stage to ask questions of the billionaire mystery man.”

According to Mollah, he’s claimed he’s Nakamoto before, is currently in a legal dispute about it, and is now ready to provide evidence. He tried to reveal who he was in 2016, but “someone stopped him.”

After an hour of listening to Mollah’s backstory, he failed to provide evidence. Instead, he supplied a series of screenshots that could have easily been faked. When Mollah was asked to move some of the Genesis Bitcoin, he said he would in the ‘next few months.’

Mollah and Charles Anderson, the event organizer, have been accused of fraud when Mollah posed as Nakamoto between November 2022 and October last year. The pair pleaded not guilty at a hearing last month, The Standard reports.

Another one to the list

Mollah joins a growing list of people who have claimed to be Nakamoto or others believe them to be.

Last month, the HBO documentary Money Electric: The Bitcoin Mystery wrongly named Bitcoin core developer Peter Todd as Nakamoto. Before the big reveal, the documentary also pointed to Blockstream founder Adam Back.

Following the documentary, Todd said he’d been forced underground over fears for his safety.

Others believed to be Nakamoto include late software engineer Hal Finney and computer scientist Nick Szabo.

In May, a UK High Court ruled against Australian Craigt Wright that he was Nakamoto, arguing that Wright had lied “extensively and repeatedly” throughout the trial, further accusing him of presenting “fabricated” evidence to support his claims.

The post There’s another Bitcoin creator in town, but this one is Stephen Mollah appeared first on CoinJournal.