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Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity

2.5.2024
Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity across both Ethereum and non-EVM layer-1 platforms....

Yuga Labs restructures again, EU touts metaverse health benefits: Nifty Newsletter

1.5.2024
Yuga Labs CEO Greg Solano said intricate corporate processes muddied the company’s creative spirit

Fans Are Getting A New Batman: Arkham Game After All, But It's In VR

1.5.2024
Batman: Arkham Shadow is a new entry in the beloved comic book metroidvania beat ‘em up series, though it’s not what many players were probably hoping for. It’s being made in VR and will be exclusive to the Meta Quest 3 headset. It’s scheduled to release in late 2024. Read more

Restaking 'Gold Rush' Spreads to Solana From Ethereum, With Jito and Others Joining In

1.5.2024
Restaking has taken hold of the Ethereum ecosystem. With Jito and a handful of other companies building for Solana, can the trend spread?

Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets

1.5.2024
PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP/BP Association, announced the launch of...

US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

30.4.2024
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million

Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash

30.4.2024
Lawyers for Terraform Labs and its founder Do Kwon are pushing for a fine of $1 million as opposed to the United States Securities and Exchange Commission (SEC)’s proposed $5.3 billion, new court docs reveal. Kwon and the crypto company were found liable for the Terra-Luna collapse by a jury trial...

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...