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Polychain Capital Leads $38 Million Investment in Movement Labs to Integrate Facebook’s Move onto Ethereum
26.4.2024
As of April 25, monolithic Blockchain startup Movement Labs has raised $38 million in Series A funding from Polychain Capital. The goal of Movement Labs is to bring Facebook's Move Virtual Machine to the Ethereum ecosystem, and this funding will help them achieve that goal.
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Ethereum L2 Movement Labs raises $38M for Move-EVM adoption
25.4.2024
Through Facebook’s Move-based Ethereum virtual machines, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem
Movement Labs Raises $38M for Rollup Based on Facebook's Move Language
25.4.2024
Movement's 21 and 24-year-old co-founders say they are on a mission to "make blockchain security sexy" with the launch of their L2
SEC Seeks $5.3 Billion in Final Judgment Against Do Kwon and Terraform Labs
25.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked the court to order Terraform Labs and Do Kwon to pay around $5.3 billion as part of the final judgment against the two defendants. This sum includes $4,192,147,847 in disgorgement and $545,748,909 in prejudgment interest. SEC Seeks Final...
Meta drops 15% on weak outlook and high AI and metaverse spending
25.4.2024
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products
Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms
24.4.2024
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past
Magic Eden overtakes Blur, Yuga Labs offloads NFT games: Nifty Newsletter
24.4.2024
NFT platform Magic Eden recorded an NFT trading volume of $756.5 million in March, surpassing its rival Blur
SEC targets Uniswap Labs, raising concerns over open-source code liability
24.4.2024
SEC actions have made developers fearful that their code may end in prosecution. Are smart contracts with immutable code the way to protect themselves?
SEC feels Do Kwon of Terraform Labs deserves a fine of $5.3B
24.4.2024
Federal regulators insist on a fine being levied on Terraform Labs and its co-founder, Do Kwon, amounting to $5.3 billion. This is with regards to several irregularities among investors. It is right after the two players were accused of illegal activities involving over a billion dollars. As per...
Binance Labs, Coinbase Backed Web3 Gaming Guild GuildFi Rebrands to Zentry
24.4.2024
Web3 gaming guild GuildFi that raised $140 million from Binance Labs, Coinbase Ventures, Animoca, Pantera Capital, Hashed and others, has been rebranded to Zentry.
The post Binance Labs, Coinbase Backed Web3 Gaming Guild GuildFi Rebrands to Zentry appeared first on Cryptonews
Do Kwon And Terraform Labs Hit With $5.3 Billion Penalty From SEC in Terra-Luna Case
23.4.2024
Terraform Labs and its founder Do Kwon have been hit with a $5.3 billion from the SEC, April 19th court documents reveal. News of the latest legal filing from the SEC comes just weeks after they won a landmark civil trial against Kwon for the $40 billion crash of Terra-Luna.
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Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
23.4.2024
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022
Velvet Capital, Backed by Binance Labs, Temporarily Offline Due to Phishing Attack Risk
23.4.2024
Recognizing the potential threat, Velvet Capital swiftly initiated internal investigations and issued a cybersecurity alert advising investors to refrain from approving wallet connection requests until further notice.
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Ripple Labs submits opposition to SEC’s penalty
23.4.2024
Ripple has made it clear that it will pay approximately $10 million as a penalty compared to the $2 billion proposed by the Securities and Exchange Commission last month. A top legal officer at Ripple said that the request by the Securities and Exchange Commission is an indication of its continuing...
Aptos labs inks deals with several companies to nurture Aptos Ascend
19.4.2024
Aptos Labs, a prime blockchain framework builder, has inked calculated deals with multiple businesses to breathe life into Aptos Ascend. In the case of Aptos Ascend, it is a digital asset-controlling platform dedicated to financial institutions. It will utilize Microsoft Azure, a cloud computing...
Yuga Labs Sells IP Rights of Two NFT Games in Strategic Move – Here’s the Latest
19.4.2024
Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFTs, has sold the IP rights of two of its games, Legends of the Mara and HV-MTL, to Web3 gaming firm Faraway. The move is part of a strategic restructuring effort to refocus the organization. Simultaneously, Yuga Labs' chief gaming officer...
Aptos Strikes DeFi Partnership With Microsoft, Brevan Howard, SK Telecom
18.4.2024
The aim is to offer banks and large institutions a gateway to decentralized finance on Aptos
DeFi’s Path to Mass Adoption Goes Through Fintech Firms, Centralized Exchanges, Morpho Labs Chief Says
18.4.2024
Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration
18.4.2024
The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November
SingularityNET and Minswap Labs team up to revolutionize Cardano DeFi
18.4.2024
SingularityNET and Minswap Labs entered into an exclusive agreement in order to fulfill their joint commitment to introducing superior products and services to the Web3 space. In accordance with their formal agreement, both entities will investigate and advance various integrations that center...