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Nalezeno "ZK Labs": 2293

Terraform proposes $1M penalty for SEC case, no relief or disgorgement

29.4.2024
Lawyers for Terraform claimed that seeking disgorgement from the platform would involve the Luna Foundation Guard, a “non-party” in the SEC’s civil case

Circle’s USDC Stablecoin Surpasses Tether’s USDT in Transaction Volume

29.4.2024
In the stablecoin market, Circle's USDC stablecoin made history by outpacing Tether's USDT in terms of transaction volume. This was based on information made public by Visa on April 29 as a result of their collaboration with Allium Labs. The post Circle’s USDC Stablecoin Surpasses Tether’s USDT...

Saakuru Labs and Aethir to improve Blockchain Gaming with GPU Infrastructure

29.4.2024
Two leaders in the gaming and AI industries, Saakuru Labs and Aethir, are coming together to develop blockchain technology even further. Through this partnership, developers working on Saakuru-based games will have access to Aethir’s powerful decentralized cloud server technology, which will...

Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’

29.4.2024
According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same severance package offered to those affected by...

‘Lost’ Yuga Labs restructures again, with layoffs, new executive

26.4.2024
The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project

Facebook Has Lost $1 Billion Every Month On VR Since June 2022

26.4.2024
Facebook’s parent company, Meta, made a lot of money in its last financial quarter. However, its virtual reality and augmented reality division, Reality Labs, lost over $3 billion. That means that since June 2022, the metaverse-focused division has lost a billion dollars per month, and Meta expects...

Rare Alien CryptoPunk NFT Sells For Record Breaking $12.38 Million ETH

26.4.2024
NFT art collection, CryptoPunks, has sold another record breaking piece entitled CryptoPunk 635 on the Ethereum blockchain for $12.38 Million ETH, the collection announced Thursday in a statement to X. It marks the latest high-value transaction for the digital art company after selling another rare...

Rare Alien CryptoPunk NFT Sells For Record Breaking $12.38 Million ETH

Real-World Data Unlocks the True Value of Tokenization: Chainlink

26.4.2024
Chainlink Labs’ director of capital markets said traditional finance is not the best use case for tokenization, real-world data is. The post Real-World Data Unlocks the True Value of Tokenization: Chainlink appeared first on Cryptonews

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. The post Polychain...

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. The post Do Kwon...